Admirals Row rendering/ Image courtesy of Steiner NYC
NEW YORK CITY—Steiner NYC secured $228 million in construction financing for its Admirals Row project, located at the intersection of Flushing Avenue and Navy Street, in the southwest corner of the Brooklyn Navy Yard. M&T Bank and BNY Mellon are providing the financing.
Admirals Row will be a mixed-used development bringing the first Wegmans Supermarket to New York City, extending a full 75,000 square feet. The project will also include 85,000 square feet of additional retail space, a parking structure for 435 vehicles, a 266-space parking lot, and 356,000 square feet of light industrial and creative office space, leased to the Brooklyn Navy Yard Development Corporation. The development will also provide a 5,000 square-foot community facility.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
