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NYC Will Open Biotech Hub at Brooklyn Navy Yard

New York City Mayor Eric Adams, New York City Economic Development Corporation and the Brooklyn Navy Yard Development Corporation said Friday that the city will open a  $20-million center for sustainability-focused biotech at the Brooklyn Navy Yard in partnership with Newlab, the Partnership Fund for New York City and Empire State Development. The 50,000-square-foot innovation space is expected to open in 2025. 

Reportedly this will be the first commercial hub for sustainable biotechnology in the U.S. and will help position New York City as a leading life sciences market, while also producing new technologies that will help address climate change. The center will receive a $20-million investment as part of the city’s LifeSci NYC initiative.  

“The way to create the jobs of the future is by supporting companies solving some of the most pressing challenges of our time, like climate change and carbon emissions,” said Adams.


Inside The Story

Mayor Adams' office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).