Stroock is advising Red Hook Container Terminal in its agreement with the New York City Economic Development Corporation to reactivate the South Brooklyn Marine Terminal as a major shipping hub.
Red Hook Container Terminal, which will serve as the terminal operator and stevedore of the facility, is partnering with Industry City on the reactivation plan.
The transformed terminal will be called Sustainable South Brooklyn Marine Terminal and will provide more than 250 jobs in the near-term with the potential for significantly more in the future. The deal between the city and the Red Hook/Industry City includes a long-term lease through 2054. SSBMT will reactivate 64.5 acres of the terminal, moving over 900,000 metric tons of material annually through the port and eliminating over 11,000 truck trips a year. Specific new uses for the facility include waste paper recycling and export, the importation of lumber, salt, and aggregate material, container-on barge-operations, and project cargo, among other activity that will support local businesses, New York Harbor and the regional waterfront.
Red Hook Terminals is a muli-faceted Terminal Operator, Stevedore and Cross Harbor Barge Operator with two facilities in the Port of NY/NJ complex.
The Stroock team that represented Red Hook Container includes Ross Moskowitz (Picture), John Ziefert, Karen Scanna, Michael Zangara and Richard Madris.
Law Firms: Stroock;
Clients: Red Hook Container Terminal ;