GRS Group recently wrapped up a Phase I Environmental Site Assessment and Property Condition Reports on the historic property known as the Brooklyn Navy Yard.
Following the American Revolution the waterfront property was used to build merchant vessels and became an active Navy shipyard in 1806. At its peak, during World War II, the yard employed 70,000 people, 24 hours a day. Many historic battleships were constructed at the shipyard, including North Carolina, Iowa, and Missouri, which became the site of the Surrender of Japan.
Currently, the entire Navy Yard is listed on the National Registry of Historic Sites and significant ship building operation continue; however, much of the site has been repurposed to accommodate private manufacturing and commercial activity. Today, more than 200 businesses operate at the yard and employ about 5,000 people. Steiner Studios is one of the yard’s more prominent tenants with one of the largest production studios outside of Los Angeles.
The Brooklyn Navy Yard is undergoing its biggest expansion since WWII, with some $700 million in new development underway. Employment at the Yard will more than double in the next few years, jumping from 7,000 to 16,000 by 2020.
During the 2016 Democratic primaries, Hillary Clinton and Bernie Sanders held a debate at the Navy Yard. Clinton later held her victory party at the Navy Yard once she clinched the party’s nomination.