NEW YORK CITY — Construction is underway on Dock 72, a $380 million project that will bring 675,000 square feet of tech and innovation space to the Brooklyn Navy Yard. The 16-story building is currently slated for delivery in late 2017.
Dock 72 is part of Mayor Bill de Blasio’s commitment to spur job growth around Navy Yard, a 300-acre modern industrial and office park. With this project, Navy Yard has over $700 million of construction activity underway or in the planning stages. The new projects at the Brooklyn Navy Yard are expected to increase the number of permanent jobs at the Navy Yard from 7,000 to 16,000 by 2020.
Boston Properties Inc. and an affiliate of Rudin Management Company Inc. (Rudin Development) are developing the building in conjunction with Brooklyn Navy Yard Development Corp. (BNYDC). S9 Architecture designed the building, which is centrally located within the Yard on a 60,000-square-foot strip of land that juts out into the East River between two active dry-docks.
WeWork, a provider of collaborative co-working office spaces, is also involved in the development process and will anchor Dock 72. WeWork will occupy 222,000 square feet, and the remaining floor plates will range from 40,000 to 60,000 square feet. The building will also feature a 35,000-square-foot amenity package that will include a health and wellness center, specialty food and beverage offerings and a rooftop conference center.
According to the agreement between the development team and BNYDC, all tenants in the building will pay a living wage to their employees.
“We are, quite literally, doubling down on good jobs at the Brooklyn Navy Yard. The 4,000 living wage jobs at Dock 72 are a key part of that commitment,” says Mayor de Blasio. “This project is going to help bring ideas, innovators and start-ups to the yard, where they can scale up their businesses, hire more New Yorkers and manufacture their products right here in Brooklyn.”
Michael Rudin, vice president of Rudin Management, describes Dock 72 as a cutting-edge facility. “We are developing this building to be the place where companies and talent want to be, and where new ideas and innovation take shape,” he emphasizes. “Because of New York’s continued diversification and the trend of companies wanting to locate near their employees, we believe Dock 72 will bring a very unique product to the market that caters to the city’s expanding creative class.”