News: Brokerage

Industry City celebrates ribbon cutting of 70,000 s/f Union Sq. Events HQ

Brooklyn, NY Industry City, owned by Belvedere Capital, Jamestown, and Angelo Gordon & Co., recently celebrated the ribbon cutting and grand opening of Danny Meyer’s 70,000 s/f Union Square Events headquarters at the 35-acre creative campus in Sunset Park. Founded in 2005 by Danny Meyer, Union Square Events is part of the renowned Union Square Hospitality Group, with Industry City serving as the company’s first home base in Brooklyn following its Manhattan departure.

Unions Square Events will utilize its 70,000 s/f combined kitchen, tasting, and office space (designed by Gensler) as its corporate headquarters following the move from their Hudson Yards space. Union Square Events’ space will include a 33,000 s/f commissary kitchen along with a tasting room, 120-seat dining room for employees, and incubator programs for culinary entrepreneurs.

Union Square Events curates unique and customized catering and dining experiences for premier companies, venues, and events including CitiField, the Whitney Museum, Delta Airlines, Facebook and more. Meyer has brought to New York City several notable restaurants including Gramercy Tavern, Daily Provisions, Shake Shack, The Modern, Union Square Café and more. Union Square Events exclusive event venues include the Whitney Museum of American Art, Overlook at Bryant Park, the Conrad New York Downtown, Après at Summit One Vanderbilt and more.

The strategic redevelopment of Industry City–launched in 2013 by Belvedere Capital and Jamestown–has generated significant leasing activity and job creation. Over the past six years, Industry City has invested over $450 million into the property and leased more than 3 million s/f of space.

Industry City is accessible by the D, N, R trains and multiple bus routes including the B35 and B37. Parking is available at 37th and 2nd Ave., along with bike racks and five CitiBike stations.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,