Greenpoint Ozone Park (2017)

Ozone Park, NY


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NMTC Amount: $30,360,000

Est. Total Project Cost: $38,746,904


Acquistion and construction/rehab of prodcution space for small and mid-size manufactures. In the Brooklyn Navy Yard, a 260,000-square-foot, multitenant modern industrial facility known as the Green Manufacturing Center is complete, with a total project cost of $68 million. The project adaptively reused the steel frames and concrete foundations of formerly derelict buildings constructed at the turn of the century as U.S. Navy machine shops. The Green Manufacturing Center accommodates at least 800 new jobs. Tenants include: Crye Precision, a designer and manufacturer of combat apparel and a recipient of $1 million in Excelsior Jobs Program tax credits in Round I; and New Lab, a high-tech design and prototyping center. The Brooklyn Navy Yard Development Corporation received $18 million in New York state support for the project, including a $1 million ESD Downstate Revitalization Fund grant, a $5 million ESD grant and a $12 million New Markets Tax Credit allocation.

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