War and Peace
The community has a lot of ideas about what it would like to see the 138,000-square foot Bedford Union Armory become: a massive roller skating rink, community athletic facility, theater or concert venue. Now developers get to weigh in. The New York Economic Development Council is moving ahead with the redevelopment of the Crown Heights armory; this afternoon it announced a request for proposals.
Mayor Michael Bloomberg has announced two new tech initiatives to expand the city’s access to wireless and broadband connectivity, one of which encourages the deployment of leading broadband technologies across its commercial real estate buildings.
The Wireless Corridor Challenge will establish new public WiFi corridors in each of the five boroughs, while WiredNYC, described as LEED Read More
New York is about to be just as green as the Hudson River!
The Deputy Mayor, Cas Holloway, New York City Department of Environmental Protection and the New York City Economic Development Corporation announced a proposal for solar and wind power facilities in Fresh Kills on Staten Island earlier this week.
There’s a 75-acre plot of land within the massive 2,2000-acre dump-turned-public park available for lease that could be developed into a facility that generates upwards of 20 megawatts of renewable energy. That is enough to power about 6,000 homes. It will double the city’s natural energy capacity.
manifest destiny east
After Mayor Bloomberg and the city won a key Willets Point case back in 2010, a slew of colleges and development companies are competing to redevelop the iron triangle. As part of Bloomberg’s plan, a convention center—the first outside of Manhattan—will be a focal point of the project and will rocket Willets Point into “New York’s next great neighborhood.”
But now that the gigundo casino-and-convention complex is in the works at nearby Aqueduct, is there room for two convention centers in Queens?
Perhaps the best way to describe Angela Pinsky’s advocacy for the real estate industry is by saying that when she joined the Real Estate Board of New York almost two years ago, she didn’t see her job as much different from the one she was leaving in the mayor’s office.
“I work on a lot of the same issues,” said Ms. Pinsky, who married Economic Development Corporation head Seth Pinsky last summer. “The thing about the real estate industry, it’s very civic minded. Many owners are family businesses and there’s this strong tradition in the industry of wanting projects and policies that are best not just for the industry’s own interests, but for the entire city.
In recent months, New York’s City’s Economic Development Corporation has become increasingly involved in the booming New York tech scene.
The city greatly expanded its second annual Big Apps competition, Deputy Mayor Robert K. Steele stopped by Google’s offices to announce that the city is wooing a top-flight engineering school, and the EDC even hosted Read More
A software development company is in contract to buy two commercial condominiums in a Time Equities building, and it’s able to do so thanks largely to a bit of lexicographical acrobatics buried deep within the 2009 stimulus plan.
In short, the verb “to manufacture” no longer means what you think it does, at least within Read More
The planned new Nets arena in Brooklyn is anticipated to result in a net loss of money for the city, a new report from the city's Independent Budget Office has found, a change from the agency’s last report in 2005 that found a small financial gain. The report, released Thursday, comes a day after Read More
The Bloomberg administration has done an about-face on its plan to send the redevelopment of the former Bellevue Psychiatric Hospital though the city’s standard (and intensive) public review process, known among real estate wonks as ULURP (Uniform Land Use Review Procedure)—a move that has at least one project opponent fuming.
“This Read More
The New York Sun‘s city editor, David Lombino, will leave the newspaper to become vice president of public affairs at the city’s Economic Development Corporation. Here’s more from our sister blog Media Mob. Read More