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.
The waning months of Mayor Bloomberg’s reign are expected to be marked by a series of high-powered departures, as one official after another jumps ship before the mayor leaves office. The latest is Bloomberg stalwart and Dan Doctoroff protégée Seth Pinsky, who is stepping down from the Economic Development Corporation to take a private sector gig with RXR Realty, as the agency announced today. Kyle Kimball, who is currently the agency’s executive director, will succeed him.
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.
Sodom by the Sea
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
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 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 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 Read More