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.