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$3.5B Plan Would Revitalize Brooklyn Marine Terminal, Create Mixed-Use Community
The Brooklyn Marine Terminal (BMT) Task Force approved a $3.5-billion vision plan to turn BMT into a 60-acre, all-electric maritime port and build a mixed-use community along the Brooklyn waterfront. In addition to a revitalized port, the plan would also create 6,000 residential units along with at least 28 acres of public space, 275,000 square feet of commercial space, 250,000 square feet of community facility space and 275,000 square feet of light-industrial and industrial space at discounted rents.
Covering 122 acres, the project would also deliver resiliency and infrastructure upgrades for the area while generating an estimated $18 billion in economic impact, 37,000 temporary construction jobs and 2,000 permanent jobs, according to the Adams administration. It now moves into environmental review.
“For years, naysayers have told us that the days of big ideas and bold initiatives were over, but New York City is proving them wrong,” said Mayor Eric Adams.
- ◦Development
