By Matt Chaban 5/30/12 6:22pm

Under Development

16 Photos

Hunting for Affordable Housing

At Least One Huge Housing Development Is Still on Track: Hunters Point South Will Break Ground This Fall

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. Read More

By Staff 3/20/07 1:32pm

120 Wall Gets Profitable; Tenants Exiting

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

By Staff 2/28/07 11:00am

Cars Park in Brooklyn

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

By Staff 1/25/07 4:00pm

Port Chief “Looking” at Red Hook Decision

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

By Staff 12/18/06 2:08pm

New Head for City's Economic Development Corporation?

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