RENDERING NEW YORK S NEXT INCUBATOR FOR CREATIVITY

RENDERING NEW YORK S NEXT INCUBATOR FOR CREATIVITY

Cushman and Wakefield has been retained on an exclusive basis to procure an equity partner for a groundbreaking future development within Red Hook s creative waterfront district in Southern Brooklyn. The offering includes nearly 1.2 million square feet of development potential across six property lots, bounded by Sullivan Street to the north, Ferris Street to the east, Coffey Street to the south and the East River to the west. The site is positioned directly on New York Harbor and features compelling views of the Statue of Liberty, Governor s Island and Lower Manhattan. Today, Red Hook is a thriving community of artists, craftsmen, designers, business people and successful young professionals who are attracted to the area s sophisticated rustic allure and village style living. Local initiatives such as the proposed ferry network and Atlantic Basin dock, which are expected to begin service in 2017, will seamlessly connect Red Hook with Manhattan and Brooklyn, further promoting the overall progression of the area. As a result, the neighborhood has evolved into the gateway of future development within Brooklyn and is expected to become an iconic waterfront destination.

Renowned developers of adaptive workspace, Est4te Four, have envisioned The Red Hook Innovation Studios, a state-of-the-art urban campus spanning five city blocks consisting of four new innovative office buildings, a remarkable event and warehouse space, a waterfront promenade, and an integrated park. The property s unique location coupled with Red Hook s rich past and flourishing present create an economic environment that is ideal for such an inspiring concept. S E T. 2 0 1 4 N. 7 6 9 5,00

202 COFFEY STREET Block / Lot 573 / 101 Lot Size 200' x 425' Lot Area 85,000 Zoning M2-1 FAR 2.0 Total ZFA 170,000 Square Feet Ground Fl 81,530 Second Fl 35,206 Third Fl 5,616 Total 122,352 Air Rights 47,648 Currently the site consists of several one to two-story warehouse buildings and an outdoor parking lot. All occupied structures will be vacant by June of 2016 at which time development plans can commence. One existing structure, 202 Coffey Street, would remain and be transformed into a global hub for creativity, contemporary art galleries, fashion, design and events. The approximately 122,300 square foot warehouse consists of 4-6 properties that have been combined over the years to form a truly spectacular collection of buildings with many of their own unique characteristics. 202 Coffey Street has already been the host to a number of iconic events across several industries including, film production, fashion and music. The vision is to build on the property s already outstanding reputation and transform the space into a oneof-a-kind destination for creative innovation. BUTTERMILK CHANNEL 00 BLOCK 595 LOT 70 BLOCK 514 LOT 40 VALENTINO PIER BLOCK 514 01 202 COFFEY ST FERRIS STREET SULLIVAN STREET WOLCOTT STREET DIKEMAN STREET COFFEY STREET The four new innovative office buildings would be the main focal point of the urban campus and are intended to seamlessly integrate with the surrounding landscape. The pioneering design features large base floor plates containing blocks of 60,000 to 90,000 square foot studios with high ceilings, catering to the needs of creative industries, and 17,000 to 20,000 square foot office blocks on the floors above. The array of available space will attract a diverse tenant mix further promoting the collaborative theme of the development. This revolutionary design will create a one-of-a-kind campus and provide a unique work setting further fostering the synergies between companies within the creative, tech, fashion, music and art sectors. VAN DYKE STREET

Fashion Design Art INNOVATION Music Technology The influx of new residents and retail businesses has invigorated the Red Hook community and positioned the area for transformative new undertakings. The recent announcement that local governments will be allocating $100 million to strengthening the area against future flooding solidifies the public sector s commitment to Red Hook. In addition, local projects such as the Red Hook Initiative are aimed at empowering the youth within the community and creating social change. The site s prime waterfront location along the western most part of Red Hook and overall positive momentum in the surrounding area positions the project as a wonderful opportunity to enhance Red Hook s prospering creative community.

SULLIVAN ST LOT 40 BLOCK 514 WOLCOTT ST 00 WATERFRONT ESPLANADE LOT 70 INNOVATION CORRIDOR DIKEMAN ST 01 FERRIS ST SQUARE FOOTAGE OVERVIEW BLOCK 595 Block Lot Address Lot Area (SF) 1.02 M&E FAR ZFA (SF) GSF Above Grade (SF) 514 1 219 Sullivan Street 50,000 2.0 100,000 102,000 514 40 219 Sullivan Street 49,740 2.0 99,480 101,470 OYSTER BED OUTDOOR DINING SCULPTURE WATERFRONT ESPLANADE PUBLIC BEACH & KAYAK LAUNCH LUIS VALENTINO JR PARK 202 COFFEY ST COFFEY ST 573 1 100 Ferris Street 67,886 2.0 135,772 138,487 573 100 68 Ferris Street 201,210 2.0 402,420 410,468 573 101 202 Coffey Street 85,000 2.0 170,000 173,400 595 70 242 Coffey Street 129,932 2.0 259,864 265,061 Total 583,768 1,167,536 1,190,887 RED HOOK OWNERSHIP REQUESTS PROPOSALS Robert Knakal Chairman, NY Investment Sales Winfield Clifford Director Jonathan Hageman Director Diego Rodinó di Miglione Senior Director Joe Cirone Senior Director James Singleton Associate Director George D Ambrosio Senior Associate robert.knakal@cushwake.com winfield.clifford@cushwake.com jonathan.hageman@cushwake.com diego.rodino@cushwake.com joseph.cirone@cushwake.com james.singleton@cushwake.com george.dambrosio@cushwake.com (212) 696-2500 x7777 (718) 238-8999 x7054 (212) 696-2500 x7773 (212) 698-2620 (212) 841-2930 (718) 238-8999 x7047 (212) 696-2500 x7790 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.