| MESSAGE FROM THE PRESIDENT |
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As 2006 comes to a close, we look back on a very busy year for NYCEDC across all five boroughs. We are currently involved in a number of exciting and truly unique opportunities, including the East 125th Street Development, the former Loew’s Kings Theater in Brooklyn and the Kingsbridge Armory in the Bronx.
The coming year will bring more attention to long-term sustainability and infrastructure improvement, and NYCEDC is already working on plans to strengthen the transportation, water and energy systems that support the City’s business growth.
We look forward to bringing you news about these projects and other initiatives, including a totally redesigned NYCEDC.com web site, launching at the end of December. Have a safe and happy holiday season.
Joshua J. Sirefman
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| RECENT HIGHLIGHTS |
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Brooklyn Nonprofits Prosper with Funding
Two Brooklyn-based not-for-profit organizations will receive financing assistance from the New York City Industrial Development Association (NYCIDA). The Auditory/Oral School of New York serves deaf and hearing-impaired preschool-age children, and the Center for Nursing and Rehabilitation, which provides healthcare services to the elderly, will both develop new facilities that will better serve their clients.
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Groundbreaking Development in South Bronx
Mayor Bloomberg helped break ground for the Gateway Center at the Bronx Terminal Market, one of the largest private investment projects ever built in the South Bronx. The new development will create close to 5,000 jobs, provide new public access to the Harlem River waterfront, and house a dynamic mix of retailers and restaurants.
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Hudson Yards Get Boost from NYCIDA
NYCIDA has established incentives to spur the City’s economic growth, particularly in Manhattan’s west side. By providing these incentives to developers, the city hopes to expand Midtown Manhattan, creating office, hotel, retail and open space and allowing for the creation of both construction and permanent jobs.
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If New York City Builds It…
NYCIDA also approved financing assistance for both the Yankees and Mets to help the teams build state-of-the-art ballparks in the South Bronx and Flushing. The projects will result in thousands of jobs and nearly $2 billion in private investment.
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View News Release
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| NYCEDC ISSUES REQUEST FOR PROPOSALS |
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Fulfilling a Vision for East Harlem
NYCEDC is requesting proposals for the sale and development of a six-acre site on East 125th Street in East Harlem. Known as the East 125th Street Development, the project is anticipated to be a dynamic retail, residential, and entertainment destination, fulfilling the mayor’s vision of Harlem as New York City’s media hub. |
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Redeveloping a Piece of Bronx History
NYCEDC is requesting proposals for the sale and redevelopment of the landmark Kingsbridge Armory located in the Kingsbridge Heights section of the Bronx. Built in 1917, this historic building boasting massive arches and a detailed façade will serve as a mixed-use facility that will anchor the local community and create a unique destination for visitors.
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Brooklyn Seeks Future for Historic Treasure
NYCEDC is seeking expressions of interest for the rehabilitation and reuse of the former Loew’s Kings Theater in the heart of Brooklyn. This once – and future – legend provides a unique opportunity to create a modern, world-class performance venue, while maintaining the theater’s rich history and architecture.
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From a Garage to a Community Place
NYCEDC is seeking proposals for the sale and redevelopment of the Queens Borough Hall Garage in Kew Gardens, Queens. The new site will serve as a high-quality, mixed-use development containing commercial, residential and public parking uses to accommodate the diverse needs of the community.
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View RFPs
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| SPOTLIGHT OF THE MONTH |
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Graffiti Free NYC
Graffiti Free NYC is a free service of NYCEDC to eliminate graffiti in New York City neighborhoods. Five days a week, a fleet of 13 vans makes its way around the city, pressure-washing and painting over any unwanted graffiti. If you are a property owner or occupant who would like to take advantage of this free service, call 3-1-1 and request an authorization form.
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