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Midtown Equities Chosen to Redevelop Dumbo's Empire Stores

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Ten developers made the finals for the restoration of the Empire Stores coffee warehouse buildings in Dumbo. From those proposals, the city has selected one from developer Midtown Equities, according to Daily News sources. (The company was the expected winner.) Since the 10 finalist proposals were revealed without developer names attached, we don't yet know which of the 10 belongs to Midtown Equities' Joseph and Jack Cayre. But the redevelopment, which has been more than a decade in the making and will contribute to the funding of Brooklyn Bridge Park, will include retail, restaurants, offices, and a rooftop terrace.

Midtown Equities has already found companies/restaurants/retailers to take up to 80 percent of the space, according to the Daily News. The city has envisioned the Empire Stores as a hub for Dumbo's increasing number of tech companies, so we can assume there are some of those in the mix, and West Elm and Etsy are two of the other businesses hoping for spots.
· Local developer chosen to transform Brooklyn Bridge area [NYDN]
· Here Are 10 Proposals for Dumbo's Empire Stores Building [Curbed]
· Empire Stores coverage [Curbed]

Empire Stores

53-83 Water Street, Brooklyn, NY 11201 Visit Website