Army To Offer Brooklyn Navy Yard For Redevelopment

Law360, New York (January 27, 2012, 2:23 PM EST) -- The U.S. Army has cleared the way for the commercial development of a section of Brooklyn, N.Y.'s Navy Yard with an agreement to sell the six-acre property known as Admirals Row to the city of New York, U.S. Sen. Charles Schumer announced Friday.

Schumer, a Democrat, said that the Army had agreed to transfer the property to the city, which will then lease it to the Brooklyn Navy Yard Development Corp., initiating the search for a developer to construct a supermarket, several retail locations and industrial...
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