February 26, 2019

How Do You Build New Offices in Williamsburg? Add Manufacturing!

“The reason we haven’t seen a lot of it is because this is a fairly new way of approaching [commercial] zoning,” said Dan Marks, an investment sales broker and co-founder of TerraCRG. “It’s yet to be proven that it actually works. If you build it, will you be able to actually get tenants to occupy it? And at what rent? And it’s very hard to find commercial development sites of scale in this part of Brooklyn or any part of Brooklyn. It’s a way to increase your density, but there’s not a lot of sites you can do it on.”

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