Industry City owners investing $1 billion in complex
Sunset Park to become hub of innovation, manufacturing
The owners of Industry City are pumping $1 billion into the 16-building complex on the Sunset Park waterfront with an eye toward transforming the site into a hub of innovation and manufacturing businesses over the next 12 years, according to an ambitious plan unveiled Monday.
Andrew Kimball, CEO of Industry City, said the plan calls for enticing new businesses to rent space in Industry City, the establishment of university-based academic training centers at the site, the construction of a new hotel and the construction of a parking lot, among other amenities.
Kimball, who unveiled the plan at a Brooklyn Chamber of Commerce meeting in an Industry City building at 220 36th St., predicted that 20,000 jobs would be created. Kimball is the former CEO of the Brooklyn Navy Yard and oversaw the transition of that site.