If you’ve been to Red Hook lately chances are you were visiting the Fairway for lunch or taking the ferry to Ikea for a new $10 end table and some Swedish meatballs. But we soon may have many more reasons to visit the sleepy, industrial, square-mile Brooklyn neighborhood.
The Red Hook Innovation District is a plan for a 12-acre, 1.2 million-square-foot, mixed-use project that would include offices, retail space, performance venues and a promenade. Last month, Los Angeles-based development firm Estate Four purchased the final property on the site. They now plan to roll out the $400 million project in phases over five years.
More details ahead
- Listings hit for 160 Imlay, the Morris Adjmi-designed conversion in Red Hook. [Brownstoner]
- Commercial building sales expected to top $52 billion this year, the highest since 2007. [Daily News]
- Jets owner Woody Johnson lists 834 Fifth Avenue duplex for $75 million. [New York Post]
- Developers bring back plans for mixed-use complex in Sunset Park. [Brooklyn Paper]
- Renderings revealed for 86 Fleet Place, John Catsimatidis’ 32-story, glassy residential building in downtown Brooklyn. [Yimby]
Images: Interior rendering of 160 Imlay, via Douglas Elliman (L); Rendering for Sunset Park development via Raymond Chan Architect (R)