The one slice of the Big Apple where industrial business is thriving is about to get even bigger to meet growing demand.
The 300-acre Brooklyn Navy Yard will soon be adding four acres through a dredging project that officials say will pave the way for more than $500 million in private investment at the city-owned industrial park – the greatest expansion there since World War II.
The dredging will take place off Wallabout Bay. Silt and other sediment collected will be used to fill a 15-foot-deep, unused basin off Kent Avenue in Williamsburg.
The new land, combined with an adjacent 12 acres used by city agencies, will house more than 2 million square feet of industrial, commercial and retail space, officials said.
The project is expected to create 3,000 new jobs at the Navy Yard.
“This project is a classic economic-development win-win,” said Andrew Kimball, president of the Brooklyn Navy Yard Development Corp., which oversees the industrial park.