Yesterday, The Journal (rightly) complained the lack of progress at two major affordable housing projects, Hudson Yards and Willets Point. This got The Observer wondering about another, though: whatever happened to Hunters Point South, which was approved the same day almost four years ago as the Willets Point project.
Things are moving along quite nicely, it turns out.
It may seem as though there has been limited tangible progress since Related Companies was tapped to develop the project in February of last year, but that is because most of the work is being done below the surface—with on the banks of the East River and the banks of housing finance.
The most talked about rezoning of the Bloomberg/Burden era has to be the 2005 transformation of Williamsburg and Greenpoint from gritty industrial backwater to haute condo clusterfuck. And yet the one that has had a far greater impact on Brooklyn, or at least its skyline, is the one undertaken a year prior in Read More
Sodom by the Sea
As the Observer first reported last week, it’s been a blockbuster summer out at Coney Island. Both the Cyclone and the Coney Island Sideshow Circus had some of their best seasons ever, and now the city has announced that more people visited the boardwalk than any summer since Steeplechase Park closed in 1964 and Read More
The Association Center, the office building at 120 Wall Street once dedicated to nonprofit organizations, is getting more profit-oriented.
Two of the roughly 40 nonprofit tenants have announced that they are leaving in part because the building’s tax breaks, and the one-time cheap rents of the Financial District, are disappearing.
The 78-year-old, 600,000-square-foot office building, Read More
More bad news for American Stevedoring Inc., the cargo shipper threatened with eviction from Red Hook. Part of the Sunset Park waterfront where cargo shipping was supposed to move just got sold off to the Axis Group, a company that ships and stores cars and car parts, the Economic Development Corporation announced this week. Read More
Asked whether he wanted to move forward with the plan to hand over the Red Hook piers to the city Economic Development Corporation, the new executive director of the Port Authority, Anthony Shorris, said, in essence, he wants to think about it:
Right now, we are having conversations and are doing a lot of Read More
Despite last month’s stormy City Council hearing on the future of the Brooklyn waterfront, the city’s Economic Development Corporation is pushing part of its Red Hook plan forward–the part it can push forward without engendering further controversy.
A request for proposals issued on Tuesday asks for bidders to submit plans for a marina and Read More
Crain’s is reporting that Robert Lieber, a managing director of Lehman Brothers, has accepted the presidency of the city’s Economic Development Corporation. Mr. Lieber would take over from Andrew Alper, a former COO of Goldman Sachs, who left the EDC post in June after four years.
- Tom Acitelli
The Economic Development Corporation says tomorrow’s hearing on $3.345 billion in triple tax-free Liberty Bonds for rebuilding the World Trade Center is still on for tomorrow morning—despite hefty speculation that the city will somehow convince developer Larry Silverstein to relinquish his claim on at least some of the 10 million square feet of office Read More