NYCEDC Sells Property to Support Expansion
New York City Economic Development Corporation recently announced that it has sold a 10,000-sq-ft piece of city-owned land to Comfort Bedding, a mattress manufacturer based in Brownsville, Brooklyn in order to help the company construct a 10,000-sq-ft industrial building to expand its operations.
Currently, Comfort Bedding occupies an approximately 21,000-sq-ft manufacturing facility and 7,500 sq ft of outdoor storage space near the newly acquired site located at 117-121 Liberty Avenue in Brownsville and as a result of the $1.7 million expansion project, it will add 15 employees to its 50.
In June 2006, NYCEDC issued a request for proposals to redevelop the site, encourage the development of quality space in New York City for industrial firms, and enable the enhancement and growth of the city’s industrial community. The property is part of the Brownsville II Industrial Urban Renewal Plan and is in the East New York Industrial Business Zone, which has created and retained 650 jobs and leveraged $25 million in private investment since its inception.
“This project is a testament to the strength and promise of New York City’s manufacturers,” said NYCEDC President Seth W. Pinsky. “Ensuring that New York City’s manufacturing community retains its vitality is a central theme of Mayor Bloomberg’s Five Borough Economic Opportunity Plan.”