Products You May Like
NEW YORK CITY— Dock 72, a 675,000-square-foot waterfront office property in the Brooklyn Navy Yard, has captured the property technology sector. Rudin Development, Boston Properties, and WeWork co-developed the 16-story office building that has been in the spotlight since it opened last month because of its combination of tech, design, amenities, and location in a submarket undergoing massive urban revitalization.
In a sit-down podcast interview with Adam Hooper, chief executive officer at RealCrowd, a real estate crowdfunding platform, and Michael Rudin, senior vice president of Rudin Management Company, a private family-owned investment management company, they discuss the development of New York City’s first building with water on three sides, and bringing new office stock to Brooklyn’s waterfront in over a decade as a Manhattan-centric developer since 1925.
“It’s a different world being across the river here,” Rudin said in the sit down with Hooper at the CREtech New York 2019 conference at Dock 72 in Brooklyn. “People asked if we had to get a passport to cross the bridge.”
GlobeSt.com recently reported on the debut of Dock72 at its October ribbon-cutting ceremony. Dock 72 is one part of Brooklyn Navy Yard’s $1 billion expansion plan that includes the development of a five-story office building where Admiral’s Row once stood, and an industrial property with a nine-story parking garage. “Every week at the yard it’s like were cutting another ribbon or celebrating another milestone,” said David Ehrenberg, president and CEO of the Brooklyn Navy Yard Development Corporation, at the unveiling. ”This ecosystem we’re trying to create is where we’re not a monoculture, and it’s not just one kind of company,” Ehrenberg said. It’s the diversity of the companies here that is our strength.”