New York City Economic Development Corporation (NYCEDC) today announced key signals that New York City’s economy is thriving, hitting a record low unemployment rate of 4.2%, the lowest since 1976, which is the earliest available data from the New York State Department of Labor (NYSDOL).
NYCEDC, HPD, and Council Member Rafael Salamanca today celebrated the City Council approval of The Peninsula, a $300 million initiative to redevelop the former Spofford Juvenile Detention Center into a vibrant 5-acre, live-work campus.
New York City Economic Development Corporation (NYCEDC) is seeking lawyers and law firms to serve as counsel to NYCEDC with respect to negotiations for condominiums for commercial, retail or mixed use properties. Many of the sales and ground leases that NYCEDC negotiates of City owned and other lands involve the acquisition by the City of an ownership interest in a condominium. Where this is the case, NYCEDC negotiates with the purchaser or ground lessee to establish the condominium regime. The condominium units for which NYCEDC negotiates can include community facilities, municipal offices, industrial facilities, affordable housing, market rate housing, and retail and commercial uses, among others. The selected lawyers and firms would be expected to provide representation in connection with these negotiations.