NEW YORK CITY- Brooklyn Navy Yard unveiled a new home for technology and creative companies at Dock 72, a 675,000-square-foot waterfront office property standing 16 stories tall, co-developed by Boston Properties, Rudin Development and WeWork.

The ship-shaped building opened its doors this month to new and existing WeWork tenants, who will occupy a third of the building. Amenity renovations are dated for completion this month and include 30,000-square-feet of indoor amenities and more than 10,000-square-feet of outdoor amenities.

S9 Architecture designed the waterfront structure that features floor-to-ceiling windows for greater natural light, outdoor terraces with wrap around spaces and an open floor plan, features that are intended to attract tech and creative companies. Four murals in the lobby were painted by local artists, and the property's conference space that holds 250 people has already received inquiries for weddings.

Surrounded by water on three sides, the property is anticipated to house over 4,000 employees who have the option to access the structure from Subways, bike lanes, and a ferry stop that launched in July. "Getting to The Yard has been easier than ever. Couldn't be more excited that the navy yard is home to our first project in Brooklyn," said Michael Rudin, senior vice president at Rudin Management Company.

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, 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. "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,"

Also slated for development are manufacturing properties as a part of a $2.5 billion master plan that will add to the 10,000 jobs that have been created at the navy yard, the first time in its history where the number of jobs has surpassed the ones lost when the navy moved out 50 years ago.

"We've already had an impact even before we opened in the construction jobs we created and more," John Powers, EVP of Boston Properties, New York Region, tells GlobeSt.com.

Dock72 marks the first Brooklyn commercial project for veteran Rudin Management Company, which has an estimated 36 Class-A properties in its New York portfolio. Bill Rudin, co-chairman and CEO of the firm, remarked about the partnership with a beleaguered WeWork. "I'm confident WeWork will figure out their short term issues. They've been great to work with, and it was their initial vision for the project. We helped to fulfill it," he said. "They're working on restructuring, and hopefully it'll get done in short order."

Instant Insights /

Brooklyn Navy Yard Unveils 16-Story Luxury Office Property at Dock 72

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