PA Developers LLC to bring ShopRite to Brooklyn Navy Yard

Brooklyn Navy Yard Development Corporation (BNYDC) designated PA Developers and ShopRite supermarket for a six-acre site at the Brooklyn Navy Yard. The team will develop and operate the first full-sized neighborhood supermarket meeting the needs of communities surrounding the Navy Yard. In addition to the 55,000 s/f supermarket, PA Developers also will develop an additional 30,000 s/f of neighborhood retail space as well as 125,000 s/f of industrial space as part of the $60 million development. The designation follows a request for proposals that was issued by BNYDC last year. The project is slated to break ground by 2012 following a sale of the property from the federal government through the National Guard Bureau to the City of New York, which owns the 300-acre Brooklyn Navy Yard property. "We are thrilled to have been designated to undertake this unique project," said PA principal Aaron Malinsky. "We are committed to working hand in hand with BNYDC and the community to ensuring that this site finally fulfills its potential to bring a quality supermarket and hundreds of new jobs to the neighborhoods surrounding the Navy Yard." PA Developers will enter into a long-term lease for the site, known as Admirals Row, which now houses 11 dilapidated and unused structures. Two of the structures -Building B and the Timber Shed - will be restored and incorporated into the new development. "This is a tremendous win for everyone in the community with a stake in the fate of the Admirals Row site," said Alan Fishman, chairman of the BNYDC.