New York, NY – (RealEstateRama) — The New York City Council approved the de Blasio Administration’s plan to redevelop the Bedford Union Armory into a community recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation issued the following statement:
“Over the past four years, we have proudly worked with Council Member Cumbo and the Crown Heights community to redevelop a vacant armory into a center of opportunity for this neighborhood. This project will deliver an accessible world-class recreation center, 250 units of affordable housing for families earning between $25,000 and $57,000 a year, and permanently affordable space for local non-profits. We thank Council Member Cumbo for her leadership, and her City Council colleagues for voting in support of a project that will serve the needs of families and residents in Crown Heights for generations to come,” said James Patchett, New York City Economic Development Corporation President.
New York City Economic Development Corporation 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. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.