Deal Struck for South Brooklyn Marine Terminal

A preliminary deal’s been struck between the mayor’s office and council member Carlos Menchaca to develop the South Brooklyn Marine Terminal near Industry City in Sunset Park. Under it, the Economic Development Corp can take over 72 acres to lease to a tenant that’ll turn it into a port, which could mean hundreds of good jobs, the Wall Street Journal reports. Menchaca, who reps Sunset Park, had opposed pushing the plan through without community oversight. He says he’s happy with the new plan’s 39-year lease and the establishment of a task force to work with the EDC to help keep the community involved in steering the project. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Blackstone Sells $1B Industrial Portfolio To Atlanta-Based Investor

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords

Fined For Rotting Food At Burned LA Cold Storage Warehouse, Lineage Plans To Rebuild

Canadian REIT Buys Brooklyn Medical Office For $90M: The N.Y. Deal Sheet

Americold Abandons Automated Warehouse Partnership

NYC Stops Construction On Another Office-To-Residential Conversion As Inspectors Descend On Job Sites