June 1, 2016

Stern And Rudin Talk Brooklyn Office And Resi Transformation

The Real Deal

Developers Michael Stern and Michael Rudin discussed their firms’ respective projects in Brooklyn on Wednesday morning, including Stern’s planned supertall residential tower in Downtown Brooklyn and Rudin Management’s ambitious Navy Yard office development.

Speaking at commercial brokerage TerraCRG’s annual “Only Brooklyn” summit — on a panel moderated by Madison Realty Capital managing director and “Stoler Report” host Michael Stoler — the two developers touched on topics ranging from the 421a tax abatement’s importance to rental housing development to how demographic shifts in Brooklyn has precipitated rising demand for office space in the borough.

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