Authors Posts by NYCEDC

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 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.

NYCEDC Seeks Developer for Bathgate Site in the Bronx

New York NY - June 2, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the purchase and development of an approximately 109,000-square-foot vacant industrial property located in the Bathgate section of the Bronx.

New York City Economic Development Corporation Seeks Developer For Mart 125 Site in Harlem

New York, NY - May 25, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC), in consultation with the New York City Department of Cultural Affairs and the Upper Manhattan Empowerment Zone, today issued a Request for Proposals (RFP) for the purchase and development of the Mart 125 site in Harlem.

Fulton Nassau Crossroads Program Begins Storefront and Facade Improvements in Lower Manhattan

New York, NY - May 21, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) in cooperation with the New York City Department of City Planning (DCP) announced the installation of the first new storefront improvements through the Fulton Nassau Crossroads Program this week.

Mayor Bloomberg, Deputy Mayor Lieber and Council Member Mark-Viverito Announce Start of Construction of...

New York, NY - May 10, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert C. Lieber, Council Member Melissa Mark-Viverito, New York City Economic Development Corporation President Seth W. Pinsky, Housing Preservation and Development Deputy First Deputy Commissioner Douglas Apple

Solar Thermal Grant Pilot Program

New York City, NY - February 25, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced five businesses and institutions will receive grants to install solar thermal systems in the Bronx, Manhattan, and Queens. Solar thermal is an established clean energy technology that collects sunlight to produce thermal energy, or heat.

New York City Industrial Development Agency Assists Hindustan Granites to Expand in Brooklyn

New York, NY - February 4, 2010 - (RealEstateRama) -- The New York City Industrial Development Agency (NYCIDA) approved an incentive package that will help Hindustan Granites Inc. acquire and renovate a 31,000-square-foot industrial facility in the Greenpoint section of Brooklyn.

New York City Industrial Development Agency Approves Incentives for First Two Supermarkets Under the...

New York, NY - February 9, 2010 - (RealEstateRama) -- New York City Industrial Development Agency (NYCIDA) today approved two tax incentive packages that will assist in the development of two new supermarkets in the Bronx.

NYCEDC Seeks Developer for Industrial Building in Sunset Park

New York, NY - December 28, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and development of a vacant 1.1 million-square-foot warehouse building, known as Federal Building #2, in the vibrant industrial waterfront area of Sunset Park, Brooklyn.

NYCEDC Receives 29 Responses From Private Sector For Willets Point Redevelopment Project

New York, NY - December 11, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced that it has received 29 responses to its Request for Qualifications for developers or teams of developers interested in redeveloping the 62-acre Willets Point District.

NYCEDC Issues RFQ for Potential Developers for Willets Point District

New York City - October 26, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today released a Request for Qualifications (RFQ) to identify developers for the first stage of the Willets Point District in northeastern Queens.

NYCIDA Assists Manufacturer & Distributor with Expansion in Queens

New York, NY - June 30, 2009 - (RealEstateRama) -- The Board of the New York City Industrial Development Agency (NYCIDA) has approved a sales and real estate tax incentive package that will help Boundary Fence & Railing Systems Inc. to expand its operations in Richmond Hills, Queens.

Deputy Mayor Lieber and NYCEDC President Pinsky Announce Opening of New Mount Hope Community...

New York, NY - June 25, 2009 - (RealEstateRama) - Deputy Mayor for Economic Development Robert C. Lieber and New York Economic Development Corporation President Seth W. Pinsky (NYCEDC) today announced the grand opening of the first phase of the Mount Hope Community Center located at 55 Townsend Avenue in the Bronx.

NYCEDC Seeks Industrial Development for Zerega Site in the Bronx

New York, NY - June 22, 2009 - (RealEstateRama) - New York City Economic Development Corporation (NYCEDC) has issued a Request for Proposals (RFP) seeking development for an approximately 100,000-square-foot site in the Castle Hill section of the Bronx. NYCEDC is looking for a developer to acquire and redevelop the site for industrial uses.

NYCEDC Sells Property to Brooklyn Manufacturer to Support Expansion

New York, NY - June 16, 2009 - (RealEstateRama) - New York City Economic Development Corporation (NYCEDC) announced that it closed on the sale of a 10,000-square-foot parcel of City-owned land to Comfort Bedding, a mattress manufacturer based in Brownsville, Brooklyn.

Mayor Bloomberg Announces New Stimulus-Funded Bond Program to Spur Commercial and Industrial Projects in...

New York, NY - June 10, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today announced the creation of the Recovery Zone Facility Bond Program to provide financial assistance to commercial and industrial projects in all five boroughs that are unable to get traditional financing due to current economic conditions.

NYCEDC Reaches Negotiated Property Acquisition Agreements with Two Additional Willets Point Businesses

New York, NY - May 26, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced it has signed property acquisition agreements with two additional property owners at Willets Point, Queens. The acquisitions announced today total 34,403 square feet, bringing the amount of land now controlled by the City to about 40 acres, or 1,742,400 square feet. The agreements are the ninth and tenth negotiated land acquisitions in Willets Point, also known as the Iron Triangle.

Mayor Bloomberg, Governor Paterson and Speaker Quinn Announce Comprehensive Strategies to Increase and Retain...

New York, NY - May 20, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Governor David A. Paterson and Speaker Christine C. Quinn today announced comprehensive strategies to encourage the opening of new grocery stores and help existing operators upgrade stores in neighborhoods that need more healthy food stores. Mayor Bloomberg and Speaker Quinn introduced the Food Retail Expansion to Support Health (FRESH) program, a new initiative that provides zoning and financial incentives to property owners, developers and grocery store operators in areas of New York City currently underserved by grocery stores.

Coney Island Development Corporation Announces Winners of 2009 Coney Island Student Art Competition

New York, NY - May 19, 2009 - (RealEstateRama) — The Coney Island Development Corporation (CIDC) today announced the winners of the 2009 Coney Island Student Art Competition. The competition titled “My Vision of the Future of Coney Island,” was an opportunity for Coney Island students to express their artistic creativity and create a vision of what they believe the Coney Island of tomorrow should look like. The 2009 Student Art Competition was open to students residing in Coney Island, Brooklyn, in grades one through eight.

NYCEDC And UMEZ Announce Program to Assist 125th Street Businesses

New York, NY - May 6, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) and the Upper Manhattan Empowerment Zone (UMEZ) announce the Harlem Business Assistance Fund, a grant program intended to offset some expenses small businesses may incur in relocating to 125th Street and its vicinity. The program is funded by New York City Industrial Development Agency and will be administered by UMEZ on behalf of the City.

NYCEDC Seeks Firms to Develop $150 Million of Offsite Infrastructure for Willets Point Development...

New York, NY - April 7, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced two separate Requests for Qualifications (RFQs) for firms to provide construction management services and design services for the $150 million Willets Point Offsite Infrastructure Project, which will connect the 62-acre development site to existing transportation, water and sewage facilities.

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Rep. Zeldin Statement in Support of the Property Tax Reduction Act

Last night, Congressman Lee Zeldin (R, NY-1) addressed his colleagues in the House of Representatives in support of H.R. 1871, the Property Tax Reduction Act, which was introduced in the House by fellow New York Representatives, Congressman Chris Collins (R, NY-27) and Congressman John Faso (R, NY-19). The Property Tax Reduction Act would shift to the state level the local share of Medicaid costs currently paid by all New York counties outside of New York City

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Rep. Zeldin Statement in Support of the Property Tax Reduction Act

Last night, Congressman Lee Zeldin (R, NY-1) addressed his colleagues in the House of Representatives in support of H.R. 1871, the Property Tax Reduction Act, which was introduced in the House by fellow New York Representatives, Congressman Chris Collins (R, NY-27) and Congressman John Faso (R, NY-19). The Property Tax Reduction Act would shift to the state level the local share of Medicaid costs currently paid by all New York counties outside of New York City