Developers behind the Industry City megaproject in Sunset Park are looking to attract more creative and tech types to their complex with the upcoming renovation of a 500,000 square foot space, the Commercial Observer reports.
Belvedere Capital and Jamestown are set to the renovate the lower floors of Building 19, a 1.3 million square foot building, that currently houses a Brooklyn Nets playing facility on the eight floor and the rooftop.
The developers will make improvements to some of the building's infrastructure, add new windows and create a new lobby. Rents for building will range from $15 to $35 per square foot, a spokesperson for Industry City told the Commercial Observer.
The developers along with the Nets are spending $50 million on Building 19's renovation. The lower floors of that building are currently being used for storage, and the new space is expected to be ready sometime during the summer.
- Jamestown, Belvedere Creating 500K-SF Block in Industry City for Creative Tenants [Commercial Observer]
- All the Industry City Coverage [Curbed]