NYCEDC

November 5, 2019

Affordable housing complex at former Bronx juvenile jail site breaks ground

The city on Monday broke ground on a five-acre mixed-use project that will bring more than 700 affordable apartments, open space, and manufacturing space to the Bronx. The Hunts Point complex, called the Penninsula, will sit at the site of the former Spofford Juvenile Detention Center, which closed in 2011 following reports of cruel conditions. Construction will now kick off on the project's first phase and includes space for industrial and light manufacturing businesses and 183 deeply affordable housing units.
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October 22, 2019

City seeks operator for long-planned memorial and cultural center at Harlem’s African burial ground site

The city’s Economic Development Corporation (EDC) is now accepting bids for the long-planned redevelopment of the East 126th Street Metropolitan Transportation Authority Bus Depot into a memorial and cultural education center honoring the historic African burial ground found in the early 2000s at the site. In collaboration with the NYC Department of Cultural Affairs, the EDC has released a request for expressions of interest looking for a non-profit organization to operate the cultural center and outdoor memorial in Harlem.
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September 6, 2019

City seeks nonprofit to run NYC’s first cultural institution dedicated to immigrants

The city is seeking proposals from nonprofits interested in running a new immigrant research center and performing arts center in Inwood. The city's Economic Development Corporation and the Department of Cultural Affairs (DCA) released a request for expressions of interest on Wednesday for a nonprofit organization to "design, construct, and operate" the Northern Manhattan Immigrant Research and Performing Arts Center (IRPAC). The neighborhood boasts a diverse community, with 49 percent foreign-born as well as the city's highest concentration of residents of Dominican descent.
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August 22, 2019

East Williamsburg’s historic Moore Street Market is getting a $2.7M makeover

City officials have announced that a major renovation is coming to East Williamsburg’s Moore Street Market, one of Brooklyn’s oldest public markets. $2.7 million will go toward improving the 15,000- square-foot facilities at 110 Moore Street. The market, which opened in 1941 and is also known as La Marqueta de Williamsburg, currently houses 15 vendors—fresh produce, seafood, groceries, specialty foods, and even a barbershop—and offers year-round events including cooking classes and small business seminars.
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July 10, 2019

Temporary “pop-up park” opens at future site of Willoughby Square Park

As plans for a permanent park at Willoughby Square go forward, a temporary green space at the same site has opened to the public. The 15,000-square-foot "pop-up park" will provide a green escape for the local community until the end of the summer in 2020, at which point construction will commence on the permanent, 1.15-acre park scheduled for completion by 2022.
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June 5, 2019

Plan to convert African burial ground in Harlem into cultural center and memorial moves forward

The city’s Economic Development Corporation (EDC) has said it will begin the search for a nonprofit organization to operate the long-in-the-works Harlem African Burial Ground in East Harlem this fall. A decade of research and planning has gone into the task of converting the city block–home to the unused MTA 126th Street bus depot–into a cultural center and outdoor memorial that will honor its past state as a burial ground for enslaved and free African people. City officials say the project will make use of new apartments rising on a newly-rezoned adjoining site as an ongoing source of funding, as first reported by THE CITY.
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May 30, 2019

Delayed pedestrian bridge in Battery Park City will finally open this fall

A new pedestrian bridge in Lower Manhattan will open this fall, more than ten years after it was proposed, the city announced Wednesday. The 230-foot West Thames Street Pedestrian Bridge replaces the Rector Street Bridge, a temporary structure built after two bridges in the area were destroyed during the terrorist attacks on 9/11. Designed by engineer Thornton Tomassetti and WXY architecture + urban design, the $45 million bridge crosses West Street and connects Battery Park City with the Financial District.
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May 29, 2019

Staten Island’s New York Wheel may get its turn after all

The fabled and forsaken New York Wheel, Staten Island's ill-fated answer to the Eiffel Tower, may be getting yet another chance. Last October it was announced that the 630-foot would-be world’s tallest Ferris wheel, anchoring the borough’s North Shore, was a no-go, mired in years of court battles and pay disputes. Now, NY1 reports, plans for a scaled-down version of the wheel may be back on the table. The city's Economic Development Corporation (EDC), who set the original wheel idea in motion, is meeting with a new developer about the possibility of a smaller wheel.
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May 24, 2019

City revives Downtown Brooklyn’s Willoughby Square Park project

Downtown Brooklyn is finally getting a park that was promised to the neighborhood more than 15 years ago. The city's Economic Development Corporation announced on Friday it will take over construction of the green space at Willoughby Square. In January, the city abandoned the plan to add a new park on top of a high-tech parking facility because of the developer's inability to secure financing. But, as first reported by Crain's, the EDC said the agency's capital division will take on the work itself, without a private developer or the underground automated parking lot originally proposed. The city estimates the park will open sometime in 2022.
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May 1, 2019

NYC still has no plan for vacant New York Wheel site, six months after project was terminated

The city has not put forth a plan for the vacant Staten Island site of the New York Wheel, a project which was called off last year after nearly a decade of planning. According to the Staten Island Advance, the city's Economic Development Corporation, which oversees the property, has not released any request for proposals for the site. Construction of the project, sold as the world's tallest Ferris wheel, was halted two years ago when the contractor walked off site over unpaid bills. Last October, with $450 million already invested, the project was called off.
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February 25, 2019

Plan for affordable housing and industrial space back on the table for ex-Amazon site in LIC

The city's plan to bring a thousand residential units and a mix of industrial space to Long Island City is back on the table after Amazon last month announced it will not open a complex in the neighborhood. James Patchett, the president of the city's Economic Development Corporation, said during the Crain's New York Business breakfast on Thursday that the city will forge ahead with its original plan of bringing a mix of businesses and homes to the Queens neighborhood, Gothamist reported.
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February 6, 2019

De Blasio administration approves $7M study for proposed BQX streetcar

The plan to build a streetcar between Brooklyn and Queens got a much-needed push forward on Wednesday. The city's Economic Development Corporation awarded consulting firm VHB $7.25 million to complete an Environmental Impact Study (EIS) for the proposed Brooklyn Queens Connector (BQX). First announced by Mayor Bill de Blasio in 2016, the streetcar plan has faced many roadblocks, delays, and doubts from public officials. But last year, the mayor announced a revised proposal, which includes a higher price tag, fewer miles on the route, and a delayed start date.
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December 11, 2018

How New York won Amazon: See the official proposals for each NYC neighborhood

City and state officials lured Amazon to open its new office complex in New York with an extensive pitch, complete with four suggested neighborhoods and the promise of prime real estate, according to documents released by the city's economic development corporation on Monday. In exchange for 25,000 new jobs, Gov. Andrew Cuomo and Mayor Bill de Blasio are offering Amazon nearly $3 billion in incentives and grants. And while last month Amazon selected the Queens neighborhood of Long Island City as its new home, officials had proposed bringing Amazon's campus to the Farley Building, 3 World Trade Center, Brooklyn Height's Watchtower building, Bjarke Ingels' The Spiral, and even Governors Island.
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August 17, 2018

Battery Maritime Building’s hotel-restaurant conversion is back on track

The plan to convert the landmarked Battery Maritime Building into a hotel and Cipriani rooftop restaurant is back on schedule after an injection of capital into the project, Crain's reported on Thursday. Developer Midtown Equities will take a 30 percent stake, allowing construction to resume this fall or winter. In 2009, the city first approved a plan to redevelop the building, which sits at 10 South Street in the Financial District, but was delayed after a series of legal and financial setbacks.
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August 6, 2018

The city is looking to bring Metro-North service to the South Bronx

It's no surprise the Bronx ranks as the fastest-growing county in New York. In the last year alone, plans announced for the South Bronx have included the city's first soccer stadium, a 1,300-unit residential project on the waterfront, a development with Hip-Hop museum and food hall and a $10M revitalization investment from Gov. Andrew Cuomo. Furthering the area's development boom, a study officially launched last week to look at the expansion of Metro-North service East and South Bronx communities, including Hunts Point, Parkschester/Van Nest, Morris Park and Co-op City.
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August 2, 2018

After years of delays and $20M increase, Lower Manhattan pedestrian bridge won’t meet fall deadline

After two Battery Park City bridges were destroyed during the terrorist attacks on 9/11, the city quickly built the Rector Street Bridge, a temporary solution to let pedestrians safely cross West Street. The state's department of transportation released a proposal in 2006 to reconstruct the promenade but opted to renovate the bridge in 2009 instead. WXY Architecture released a new proposal in 2013 to replace the Rector Street Bridge with a 230-foot-long light-filled, permanent pedestrian walkway at West Thames Street. But, as Crain's first reported, the project won't meet its fall deadline and the project's budget has grown from $20 million to roughly $40 million.  
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May 3, 2018

Master planning for huge Sunnyside Yard project to begin this summer

The master planning process for the Sunnyside Yard project, a mammoth plan to build a new, fully planned neighborhood to Queens, will begin this summer, the city announced Thursday. Along with Amtrak, the city's economic development corporation said it will form a steering committee made up of local leaders and planning experts who will organize meetings and workshops to gain feedback from local residents. The Practice for Architecture and Urbanism (PAU) has officially been tapped to lead the planning process. A 2017 feasibility study found 70 acres of the 180-acre development would be viable for development. According to the city, the project could bring between roughly 11,000 and 15,000 new housing units and 15 to 20 acres of open space, new schools and retail amenities. About 3,300 to 4,500 new permanently affordable units could also be created. As of last year, the plan has an estimated price tag of $10 billion.
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November 6, 2017

More affordable senior housing units planned for Essex Crossing development

Thanks to a $34 million loan from Wells Fargo, Delancey Street Associates closed last week on financing the construction of a 100 percent affordable senior building at 140 Essex Street, site 8 of the 1.9 million-square-foot Essex Crossing development. Originally, the project called for an 80/20 condo building, but developers decided to add 61 more affordable units to the building, bringing the number of affordable rentals at the Lower East Side complex to 561 out of 1,078 total units. Designed by Beyer Blinder Belle, the building at 140 Essex will rise 8 stories and include 92 affordable homes for seniors earning between 0 and 60 percent of the area median income, as well as 9,600 square feet of retail on the ground floor. Construction will begin soon, with an expected opening date sometime in 2019.
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June 16, 2017

On this day in 1884, America’s first roller coaster opened at Coney Island

On June 16, 1884, the country’s first roller coaster opened at Coney Island, sparking Americans' obsession with amusement rides. Invented by LaMarcus Thompson, the ride, called the Switchback Railway, spanned 600 feet and traveled just six miles per hour. Unlike today’s coasters, the Switchback did not make a round trip loop, and passengers exited at the end of the track. The one-minute-long ride cost only five cents.
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March 9, 2017

Mayor de Blasio says Citywide Ferry will add 200+ jobs

For the first time in 100 years, ferry service will be available to all five boroughs as part of a two-year $325 million initiative by Mayor de Blasio.  As the Wall Street Journal reported, the plan will add at least 200 jobs to the city’s economy. Half of these available jobs will pay at least $50,000 per year or more, according to the mayor. The plan for the citywide ferry service, launching this summer, will be managed by the Economic Development Corporation and Hornblower Cruises, who will hire deckhands, captains and other crew members.
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November 21, 2016

Shipbuilding companies work around the clock to meet 2017 ferry service deadline

City officials are pushing to have the $325 million citywide ferry service, helmed by Hornblower and managed by the city's Economic Development Corporation, up and running a few months before next November, when Mayor Bill de Blasio stands for re-election. As 6sqft reported in September, two bayou-based shipbuilding companies, Horizon Shipbuilding in Bayou La Batre, Ala. and the awesomely-named Metal Shark in Franklin, La., are racing to complete the 19 new boats scheduled to hit the water this summer. The ferry service will be the most extensive passenger ferry service of its kind in any U.S. city.
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September 23, 2016

Construction has officially begun for citywide ferry system; first boats to arrive in 2017

Mayor Bill de Blasio, the New York City Economic Development Corporation (NYCEDC) and Citywide Ferry operator Hornblower have announced that construction has officially begun on 19 vessels that will kick off New York City's first citywide ferry system, with vessels sporting the latest in 21st century maritime technology. The mayor said in a statement, “We are moving full steam ahead and bringing modern ferry boats, outfitted with the latest technology and safety features, to our waterways. This new fleet will help us connect commuters and visitors alike to neighborhoods throughout the city.”
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