DEVELOPMENT

As part of the mayor’s New York Works program, the city will spend $40 million to construct a mixed-use project at the Brooklyn Navy Yard along with the redevelopment of Admirals Row. The and 230,000-square-foot space at 399 Sands St. will include office and manufacturing space as well as a parking garage. Read more at Crain’s New York.

 

STARTUPS

Montreal-based meeting space provider Breather raised $45 million in its most recent round of funding, bring the total amount raised to $120 million. The company provides short-term office space that can be rented by the hour, day or month at 300 locations worldwide, including New York. Read more at BisNow.

 

RETAIL

As part of a continued effort to use technology to improve customers’ shopping experience, Macy’s acquired a minority share in b8ta, and will work with the tech startup to scale its Market @ Macy’s pop-shops where independent designers can sell their wares to the public. Read more at the New York Business Journal.