APRIL 2008 |
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OVERVIEW |
New York City Economic Development Corporation is pleased to announce major economic development events that are taking place throughout New York City, including a major announcement of the developer of the West Side Rail Yards.
Brought to you by New York City Economic Development Corporation, NYCVISION provides the latest news and information on economic development initiatives that are contributing to the City's growth across the five boroughs. We encourage you to visit our website, www.nycedc.com to learn more about how we work to help companies Make It Here.
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| NEWS HIGHLIGHTS |
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Tishman Speyer Selected as Developer of West Side Rail Yards
Mayor Bloomberg recently announced the selection of Tishman Speyer to develop the West Side Rail Yards. The Tishman Speyer proposal will construct more than 12 million square feet of commercial, residential, retail, cultural and community space while preserving the High Line’s linear open space. The proposal also includes 379 units of affordable housing and will pursue a LEED Gold standard for sustainability. |
| West Side Rail Yards Press Release > |
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NYC Investment Firm Acquires Signature Midtown Property
New York City based Ashkenazy Acquisition Corp. and the Carlyle Group recently acquired a 600,000 square foot office tower at 650 Madison Avenue, GlobeSt.com reported. The property was acquired for $680 million and is located in Midtown, spanning 59th and 60th streets. Office tenants in the building include Polo Ralph Lauren’s corporate headquarters and Columbia Presbyterian. |
| 650 Madison News Article > |
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Financial Companies Move to Madison Avenue
Monarch Alternative Capital and Banco do Brasil recently signed two new leases totaling 27,000 square feet at 535 Madison Avenue. Monarch Alternative Capital signed 15,000 square feet and will occupy the entire 26th floor while Banco do Brasil leased 12,300 square feet and will occupy the entire 34th floor. The 475,000 square foot building was built in 1982 and is situated on the corner of 54th Street and Madison Avenue. |
| 535 Madison News Article > |
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| SEEKING PROPOSALS |
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A number of unique and exciting projects are available through NYCEDC, offering companies the opportunity to add to the changing face of the City. Respective RFP's can be found below and contain distinct information related to the scope of service, scheduled site visits, Q&A's and submission deadlines. |
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| LEASING OPPORTUNITIES |
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From time to time, leasing opportunities become available for city-owned properties. Find more information about current opportunities below. |
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For more information on NYCEDC go to www.nycedc.com. If you'd like to receive NYCVision regularly, subscribe now (if you prefer a text-only version, please indicate that in the message). If you no longer wish to receive NYCVision, please unsubscribe. |
