Industry City Bid Receives High Praise

NEW YORK CITY-The bid by a trio of investors led by Chelsea Market owner Jamestown Properties to take control of Industry City in Brooklyn has some believing that the massive manufacturing property can become the next Navy Yard.

Jamestown and two other investors are in contract to acquire an as yet undisclosed share of the Industry City property that spans 30-acres and totals 6 million square feet in 16 buildings. Recently, Jamestown Properties hired Andrew Kimball, the former head of the city owned Brooklyn Navy Yard, who led that facility’s turnaround. Jamestown officials recently reported to Crain’s New York Business that Kimball would be Industry City’s chief executive if its bid were successful.