Former Brooklyn Navy Yard CEO Joining Sterling Project Development

By Serach Nissim

 

David Ehrenberg has been hired by Sterling Project Development—the firm which famously developed Citi Field.

Ehrenberg had served as CEO of Brooklyn Navy Yard Development Corp for close to a decade before stepping down in March.  As reported by Crain’s NY, for the next chapter of his illustrious career, he will join Sterling in January to help the company launch a new division named P3 Strategic Advisors, which focuses on public-private partnerships and civic development. Sterling is a New York-based real estate development, management and advisory firm co-founded some fifty years ago by former New York Mets Chief Operating Officer Jeff Wilpon and Richard Browne.

Sterling has completed several iconic real estate projects– including the $1.5 billion Belmont Park Redevelopment on Long Island which includes the UBS Arena which currently serves as the home stadium of the NY Islanders of the National Hockey League. Sterling has also recently partnered with Related Cos. to transform Willets Point in Queens, in a development project which will add 2,500 affordable housing units becoming the biggest 100-percent affordable, new construction housing project in the city in the last 40 years.  The project will also include a 250-key hotel and a 25,000-seat soccer stadium for the New York City Football Club.

“We have a once-in-a-generation opportunity to create a brand-new neighborhood, a Willets Point that offers real opportunity for working people and all New Yorkers,” announced Mayor Adams in mid-November. “Our plan will deliver 2,500 affordable homes — New York City’s largest fully affordable housing project in decades. And with a fully privately financed soccer stadium, a hotel, and local retail, we will create not only homes but also quality jobs, $6 billion in economic activity, and a true pathway to the middle class. This is what it means to build a ‘City of Yes.’”  Sterling had also previously worked as an advisor on the Brooklyn Navy Yard Development itself.

Since 2013, Ehrenberg’s has been leading the Brooklyn Navy Yard development in the master project overseeing its 330 tenants and 2.5 million SF expansion. Prior to joining BNYDC, Mr. Ehrenberg was an Executive Vice President and co-head of the Real Estate Transaction Services group at the New York City Economic Development Corporation (NYCEDC), working as a senior manager on many of the City’s priority economic development projects. As per Crain’s, last January, Ehrenberg had announced his departure from BNYDC, and has since been replaced as CEO by Lindsay Greene.

She is a former food executive and city government veteran.  She has served as Chief Strategy Officer of the New York City Economic Development Corporation, as per her professional profile on the company website. Previously, she served as Chief Strategy Officer for Economic Development & Housing in the Mayor’s Office, and before that she worked four years in senior management at food startups and six years at Goldman Sachs, in the firm’s Urban Investment Group.