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Press

Welcome to our fun and informative industry related news blog! Get all the info you need on the area’s real estate here.

Post-Navy Yard plan, B'klyn Brewery seeks big redevelopment

January 23, 2017 Max Lu

Brooklyn Brewery’s decision to back out of a deal to relocate to the Brooklyn Navy Yard could prompt redevelopment at its Williamsburg headquarters as well as a possible expansion into Bushwick.

The company occupies a building on the corner of North 11th Street and Wythe Avenue that co-founder Steve Hindy said will likely be torn down and rebuilt into a larger office space.

“If we could go a couple of more floors up, then we could add offices and a beer garden and restaurant,” Hindy said. “It wouldn’t work financially for the developer just to build the new space for us, so it would have to be part of a bigger project.”

Brooklyn Brewery currently has offices and a tasting room at 73 Wythe Ave. and its brewing facilities in a historic brick property next door. The new development would allow the company to double the size of its office space. While current leases are due to expire in 2025, Hindy said the landlords have agreed to renew their tenancy well beyond that date to allow the brewery to continue to run out of the same Brooklyn neighborhood where it was founded three decades ago.

The company’s decision to stay in Williamsburg rather than move to the Navy Yard was first reported in The New York Times.

See the full article...

Source: https://www.crainsnewyork.com/article/2017...
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