Tesla Signs Lease Deal For Showroom In Brooklyn

2 years ago by Steven Loveday 7

Tesla Model S

Tesla Model S

Tesla Motors signed a lease for 40,000 square feet of ground floor space in a converted property in Brooklyn’s Red Hook neighborhood.

Tesla Model X

Tesla Model X

This will serve as the company’s first space in Brooklyn. Tesla will use the space for a showroom, service center, and office. The set-up process is already underway and jobs are being posted.

The entire property is 3 stories and 98,650 square feet. It was acquired by LIVWRK from Golten Marine in 2014 for $21.5 million. Leasing cost is quoted at $45 per square foot. There are currently no details as to Tesla’s lease terms.

Tesla is also looking for space in Manhattan. ItsĀ current lease expires in July. At this time, no space has been named. The Real Deal states:

“The Palo Alto-based startup, now valued at about $30 billion, is also on the hunt for a new showroom space in Manhattan. The lease for its current showroom at 511 West 25th Street in Chelsea expires in July. Tesla was looking to relocate to 860 Washington Street, but talks broke down.”

Source: The Real Deal

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7 responses to "Tesla Signs Lease Deal For Showroom In Brooklyn"

  1. ffbj says:

    Tesla manages to get some unfavorable language
    removed from Indiana Bill.

  2. Pushmi-Pullyu says:

    The Real Deal said:

    “The Palo Alto-based startup…”

    Seriously, Tesla is still a “startup”? I think it has passed beyond that stage.

    1. Kacey Green says:

      they’re still the under-dogs

    2. Someone out there says:

      With their aggressive expansion going on I would agree to call it a startup.

  3. sven says:

    Interesting choice of location. I used to live in a loft in nearby Dumbo, before it became trendy and gentrified. Redhook and adjacent Gowanus are the next neighborhoods in line for gentrification in Brooklyn (and all the upheaval that it brings) with the ongoing redevelopment of the Brooklyn waterfront and the construction of Brooklyn Bridge Park. Currently Red Hook is a crappy neighborhood, half industrial, and has the notorious Red Hook public housing project with its rampant gang activity/violence.

  4. Al S says:

    Are they still banned from opening stores in upstate NY?