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NYCEDC

NYCEDC

New York City Economic Development Corporation (NYCEDC) is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

Contact:

Phone: (212) 619-5000

NYCEDC, HPD & HDC Release Plans to Transform NYPD Parking Garage Into 100% Affordable...

New York City Economic Development Corporation (NYCEDC), Department of Housing Preservation and Development (HPD), and Housing Development Corporation (HDC) today announced plans to transform an underutilized New York Police Department (NYPD) parking garage in Jamaica, Queens into an approximately 450,000 square foot mixed-use development that will include over 350 units of 100% affordable housing, recreational and commercial/retail space, which will generate hundreds of good-paying construction and permanent jobs.

NYCEDC Seeks Proposals To Bring Mixed-Income Housing and Open Space To Long Island City

New York City Economic Development Corporation (NYCEDC), in partnership with the Metropolitan Transportation Authority (MTA), today issued a request for proposals (RFP) for the development of a 58,000 square foot site in Long Island City, Queens. Activation of this underutilized site represents a unique opportunity to deck over a below-grade rail yard and create vibrant mixed-use, mixed-income housing development above with open space, community facilities and neighborhood retail.

Mayor De Blasio Appoints Maria Torres-Springer Next Commissioner For Department of Housing Preservation And...

Mayor Bill de Blasio today announced Maria Torres-Springer will serve as the next Commissioner of the Department of Housing Preservation and Development when its current commissioner, Vicki Been, returns to teaching at New York University. The mayor is also appointing James Patchett as President and CEO of the New York City Economic Development Corporation.

NYCEDC Announces Plan to Transform Former Spofford Juvenile Detention Center Into Vibrant, Live-Work Campus

New York City Economic Development Corporation (NYCEDC) and the Department of Housing Preservation and Development (HPD) today announced plans to transform the former Spofford Juvenile Detention Center in the Hunts Point section of the Bronx into a 5-acre campus featuring 100% affordable housing, good jobs, and recreational space

NYCEDC Selects Bartlett Dairy to Develop JFK North Site

The New York City Economic Development Corporation (NYCEDC) today announced the selection of Bartlett Dairy and Food Service, a family-run local business, to develop a 56,000 square foot distribution and manufacturing center on a significant portion of the John F. Kennedy (JFK) North Site, one of the largest city-owned manufacturing zoned properties.

NYCEDC, Council Member Richards, Local Elected Officials And City Commissioners Announce Roadmap For Action...

NYCEDC President Maria Torres-Springer, Council Member Donovan Richards, other local elected officials, City Planning Commission (DCP) Chairman Carl Weisbrod and Department of Housing and Preservation (HPD) Commissioner Vicki Been today announced the Roadmap for Action, an expansive, interagency plan to reestablish Downtown Far Rockaway as the commercial hub of the Rockaway peninsula.

NYCEDC to Create Food Manufacturing Hub at Brooklyn Army Terminal

New York City Economic Development Corporation (NYCEDC) today officially announced the creation of a food manufacturing hub at the Brooklyn Army Terminal (BAT) Annex building. NYCEDC has designated the entire 55,000 square foot space to serve up to 10 growing food manufacturing companies and expects four new companies to move into the Annex by the end of the year. Based on NYCEDC’s projections, the full activation of the Annex building has the capacity to create over 100 new jobs in Sunset Park

NYCEDC Announces Next Steps to Grow 21st Century Industrial and Manufacturing Jobs in New...

New York City Economic Development Corporation (NYCEDC) today announced the launch of the NYC Industrial Developer Fund, a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City.  The Fund is designed to catalyze investment in 400,000 square feet of new or renovated industrial real estate workspace across New York City, supporting the creation of as many as 1,200 quality and accessible industrial jobs by 2020.

NYCEDC And Covenant House Issue Joint RFP to Build State-of-the-Art Facility For Homeless Teens...

New York City Economic Development Corporation (NYCEDC) and Covenant House, in coordination with the New York City Department of Housing Preservation and Development, today issued a joint Request for Proposal (RFP) for the development of a new complex to include a state-of-the-art headquarters for Covenant House and a mixed-use residential development that is expected to contain hundreds of new units of affordable housing

NYCEDC Announces Major Steps Forward in E125 Development, Bringing 1,000 Residential Units And Hundreds...

New York City Economic Development Corporation (NYCEDC) and New York City Housing Preservation and Development (HPD) today announced major steps forward in the East 125 Street Development (E125), a catalytic mixed-use redevelopment that will anchor NYCEDC’s efforts to create jobs and economic opportunity in East Harlem. The redevelopment will bring much-needed affordable housing, retail space, commercial space and public open space to the neighborhood

$245,000 in Outdoor Access Projects Complete, Expanding Recreational Opportunities Across the State

Four outdoor access projects to make outdoor recreational sites more accessible to New Yorkers of all abilities are now complete, Department of Environmental Conservation (DEC) Commissioner Joe Martens announced today. The $245,000 in projects are part of a statewide effort to increase access to boat launches, fishing access sites, trails and other outdoor sites and are funded by the NY Works program.

De Blasio Administration And Borough President Katz Announce Neighborhood Action Plan For Jamaica, Queens

Mayor Bill de Blasio, Queens Borough President Melinda Katz, and Deputy Mayor for Housing and Economic Development Alicia Glen today announced the launch of the Jamaica Now Action Plan, which outlines 21 strategic actions for the revitalization and growth of Jamaica, Queens into a thriving residential and commercial neighborhood.

De Blasio Administration Launches Major Funding Initiative to Create Thousands of Jobs in City’s...

Leading Life Sciences Venture Capital Firms to Manage $150 Million Public-Private Partnership and Establish Presence in NYC, Bolstering City as a Global Industry Leader. Commitment to Expand Current R&D Space by Approximately 150 Percent, Catalyzing Industry Expansion

NYCEDC Announces Request For Proposals to Revitalize 137 Centre Street in Lower Manhattan

New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the community, revitalizes an underutilized City property, and maximizes the site’s potential. NYCEDC particularly seeks proposals that incorporate needed services or neighborhood amenities, such as space dedicated to a Universal Pre-Kindergarten facility.

RFP Seeks Proposals to Redevelop Centrally Located, High-Density Site in the Heart of Lower...

New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the community, revitalizes an underutilized City property, and maximizes the site’s potential. NYCEDC particularly seeks proposals that incorporate needed services or neighborhood amenities, such as space dedicated to a Universal Pre-Kindergarten facility.

NYCEDC Announces Sale of Vacant Mill Basin Property to Developer to Create State-of-the-Art Auto...

New York, NY - April 9, 2013 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the sale of a 110,000 square foot parcel of underutilized, City owned property in the Mill Basin neighborhood of Brooklyn to Bical Development, Inc. The developer will construct a 114,000 square foot building and a separate 4,000 square foot building at the site, located next to an existing Toys “R” Us store at 2875 Flatbush Avenue. The new buildings will be used to house Kristal Auto Mall, which includes an automobile dealership, repair center, inventory storage area and related office space. Currently located in Canarsie, Kristal Auto Mall will move their operations to Mill Basin as part of this transaction, creating approximately 80 construction jobs while maintaining and ultimately expanding their current workforce.

Mayor Bloomberg Joins Phipps Houses, Related Companies And Monadnock Construction to Break Ground On...

New York, NY - March 5, 2013 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, and Department of Housing Preservation and Development Commissioner Mathew M. Wambua were joined today by New York State Homes and Community Renewal Commissioner/CEO Darryl C. Towns, Phipps Houses Group President & CEO Adam Weinstein, Related Companies President Bruce A. Beal, Jr., and Monadnock Construction President Nick Lembo to break ground on the first two residential buildings of the Hunter’s Point South development on the Queens waterfront. When complete the multiphase Hunter’s Point South project will be largest new affordable housing complex to be built in New York City since the 1970s

NYCEDC and HPD Announce Release of Request for Proposals to Develop 1.65 Million Square...

New York, NY - January 10, 2012 - (RealEstateRama) -- New York City, January 9, 2013 – New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) today announced the next major step in transforming the largest parcel of under-developed City-owned land in Manhattan below 96th Street into vibrant, mixed-use space in one of New York’s most dynamic, diverse and historic neighborhoods. With the release of a Request for Proposals (RFP) today, nine sites located near the intersection of Essex Street and Delancey Street are on their way to becoming

New York City Economic Development Corporation Selects Developer to Transform Vacant Flushing Property into...

New York , NY - December 19, 2012 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the selection of Success 88 LLC, a local Queens developer, to transform a vacant property in the heart of Flushing, Queens into a vibrant mixed-use development. Located at 135-15 40th Road, the current building on the property has been vacant since 2005. Success 88 will build up to 12,000 square feet consisting of community and commercial space as well as ground floor retail

Build NYC Approves Tax-Exempt Financing For Four New York City Non-Profit Institutions

New York, NY - July 25, 2012 - (RealEstateRama) -- Build NYC Resource Corporation (Build NYC) today approved approximately $75.6 million in tax-exempt financing to assist four New York City non-profits. Seaview Senior Living Housing Development Fund Corporation, a not-for-profit organization formed by The Metropolitan Council on Jewish Poverty and Leewood-Seaview, was approved for approximately $33.6 million in tax-exempt bonds. The proceeds from the bonds will be used by Seaview to construct a 103,000 square foot 188-bed assisted living and memory care facility and an 11,500 square foot building for social and recreational use by residents, as well as to renovate a historical landmark building for visitors

NYCEDC Seeks Proposals to Reactivate a Vacant Property in Flushing, Queens

New York, NY - December 8, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and redevelopment of an approximately 2,500 square foot property located at 135-15 40th Road in the heart of Flushing, one of the City’s most vibrant neighborhoods, right off Main Street. This area is located within the Downtown Flushing Transit Hub Business Improvement District with easy access to the subway, several bus lines, the Van Wyck Expressway, and the Long Island Expressway. The RFP aims to reactivate the site for commercial, residential, or community facility uses that take into consideration the site’s relationship to the community and the existing neighborhood.

NYCEDC Seeks Developer For Corn Exchange Building in East Harlem

New York, NY - March 24, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) issued a Request for Expressions of Interest (RFEI) for the purchase or ground lease, and redevelopment of the Corn Exchange Building in East Harlem. The building, located on the northwest corner of the intersection of Park Avenue and East 125th Street, is a city landmark built in 1883. The lot is approximately 4,500 square feet and is zoned for residential and commercial uses.

Mayor Bloomberg, Deputy Mayor Steel, Deputy Mayor Goldsmith, and Borough President Markowitz Announce Plan...

December 7, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Deputy Mayor for Operations Stephen Goldsmith and Brooklyn Borough President Marty Markowitz today announced a plan to transform part of the City-owned Brooklyn Municipal Building into a vibrant retail use. The City issued a Request for Proposals (RFP) today seeking a developer or commercial business to buy or lease 37,000 square feet on the ground floor and second floor of the building at 210 Joralemon Street in Downtown Brooklyn.

NYCEDC Seeks Developer For Willoughby Square Project

New York, NY - September 23, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for a developer to construct an approximately 1.15-acre street-level public space to be located on top of underground parking garage that it will also construct and operate.

NYCCRC Approves $19.7 Million in Recovery Zone Bond Assistance for Construction of Harlem Hotel

New York City, NY - June 8, 2010 - (RealEstateRama) -- The Board of the New York City Capital Resource Corporation (NYCCRC) today gave preliminary approval for ESmith Legacy Harlem LLC to receive an allocation of up to $19.7 million in Recovery Zone Facility Bonds to assist in the development and construction of an approximately 100,000-square-foot hotel on a 32,500-square-foot vacant parcel of land located at 100 West 125th Street in Harlem.

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HPD AND HDC JOIN OMNI NY, BANK OF AMERICA, AND PARTNERS...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin join Omni New York, Bank of America and other project partners to announce the completion of 655 Morris Avenue, a new construction affordable housing development in the Melrose neighborhood of the Bronx.

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Rep. Zeldin Meets in DC with Leadership from the Long Island...

On Wednesday, February 15, 2017, Congressman Lee Zeldin (R, NY-1) met with leadership from the Long Island State Veterans’ Home in his Washington D.C. office to discuss veterans’ legislation. Located in Stony Brook, the Long Island State Veterans’ Home provides high quality care and support services for veterans, including rehabilitation and adult day healthcare