Madison Square Boys & Girls Club will be able to temporarily restore their after-school services at Madison’s Navy Yard Clubhouse at 240 Nassau St., following Alloy’s recent $15 million purchase of the Fort Greene property. Alloy and Madison have reached an agreement that will allow Madison to resume operations in the space for the next two and a half years.
“When we recently had to close our Clubhouse due to the necessary sale of the building, we hoped to find a buyer that felt a connection to the community and would be committed to re-establishing services for youth in the Navy Yard area,” said Tim McChristian, Executive Director, Madison Square Boys and Girls Club. “We are thrilled that Alloy, a company that has already shown a great commitment to Brooklyn, has stepped up to play this important role for local residents.”
DUMBO-based Alloy will soon begin a comprehensive community engagement process, starting with residents of the nearby Farragut Whitman and Ingersoll houses, to listen to feedback about the future development of the site, which will include a permanent community facility space to be run by a to-be-determined operator based on local resident feedback.
“The Navy Yard Clubhouse has been a critical community asset for decades, and we have worked closely with Madison Square Boys & Girls Club to restore these essential services as soon as possible,” said Alloy CEO Jared Della Valle. “As we work to get Madison operational, we’re also eager to begin a robust community engagement process so we can sit at the table with our neighbors and learn from them about how this site can best serve seniors, children and other residents for many years. We are eager to begin this work.”
Before Alloy purchased 240 Nassau Street, Madison ran after-school programs at the site for several decades. In spring 2023, Madison commenced a sale process and ceased operations at the building in connection with a court-ordered financial restructuring. Since entering into a contract for the site in August, Alloy has worked with Madison to restore services for youth, with after-school programming expected to resume early next year.
Alloy’s local engagement for the 240 Nassau site will be led by Elizabeth Graham, the firm’s Community Liaison. Local residents can reach her at egraham@alloyllc.com.
