Commercial Observer excerpt -
“When Bed Bath & Beyond opens, that’s going to become a regional
power center,” said Mr. King, who negotiated the lease. “It’s going to
have a very beneficial impact.”
And eventually, it is likely the residential community will see
dramatic changes due to the growth of office and manufacturing tenants.
“What’s really interesting about Sunset Park, or this part of Sunset
Park, is that it is so close to really vibrant residential
neighborhoods,” said Ms. Glen. “It’s really an opportunity for people to
walk to work and create a neighborhood that has all these things
happening in it.”
But one does not have to live in Sunset Park in order to access its
growing number of amenities. It enjoys access to public transportation,
including the R, D and N trains and the B63 bus line. Ferry service is
expected to resume at the Brooklyn Army Terminal Pier on 58th Street in
the neighborhood by 2017.
It is also all but guaranteed that Industry City will continue to
evolve. The complex will unveil its long-term redevelopment plan for the
property at a Brooklyn Chamber of Commerce event next week.
“For years, Brooklyn was an acceptable lower-cost alternative to
Manhattan for both residents and businesses,” said Mr. Montvel-Cohen.
“Now, it is a preferred destination for many. As long as people and
businesses are attracted to the vibe and lifestyle, and there is space
available to live and work, the creative economy will expand and drive
growth, employment and activities in our neighborhoods as well.”
And in 10 years, the neighborhood may not be recognizable.
“There’s going to be a very dramatic change,” said Mr. King. “This
development is going to accelerate change [and] we’re in the infancy of
this change today. Sunset Park is a rocket ship that has been launched
and will be moving into outer space over the next few years.”