Given the buzz, Wegmans represents a potentially transformative opportunity for the Navy Yard. At the moment there is little reason for nearby residents to venture inside the fenced-in industrial site.
“Finalizing the deal with Wegmans and bringing in a big supermarket amenity is only going to help bring the community into the Navy Yard,” said Dan Marks, a vice president at Brooklyn-centric commercial brokerage TerraCRG.
As TerraCRG’s Ofer Cohen explained, the Navy Yard is benefitting from Downtown Brooklyn’s construction boom.
“When Downtown Brooklyn was rezoned, the initial vision was a new Midtown,” he said. But recently, commercial space has increasingly been converted into new apartment towers. This, he explained, is good news for the Navy Yard because it means office and manufacturing tenants looking to lease in Brooklyn have fewer options, much less one as large and uniquely located as the Navy Yard.
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