The de Blasio Administration and Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced a final agreement to initiate the third phase of development of the Alexandria Center® for Life Science – New York City in Kips Bay, also known as the North Tower. The Alexandria Center is the City’s first collaborative campus for life sciences research and development and commercialization. Construction of the North Tower will complete the campus, which currently comprises the East and West Towers, resulting in nearly 1.3 million square feet of commercial laboratory facilities, pre-built space for emerging companies, flexible office space, and amenities for life science research and development tenants.
The de Blasio Administration today released a progress update for the City’s vision to close the 32.5-mile loop of the Manhattan Waterfront Greenway. The Manhattan Waterfront Greenway brochure outlines more than $250 million of investments in key areas in Inwood, Harlem, East Harlem, and East Midtown, with a vision for the remaining gaps and upgrade areas. These projects will add approximately 15 acres of quality open space that integrates the Greenway into neighborhoods that have historically been disconnected from the waterfront. In addition, the de Blasio Administration has already invested over $400 million in repairing the existing Greenway.
New York City Economic Development Corporation (NYCEDC), in partnership with HITLAB, announced today the fourth class of the Digital Health Breakthrough Network, an initiative for startups to pilot their products with end-users and strengthen their connection to New York City healthcare and technology sectors. The latest class of startups are developing technologies such as voice technology for managing care for senior citizens and technology for detecting and preventing hospital-acquired infections.
New York City Economic Development Corporation (NYCEDC) today released a Request for Expressions of Interest (RFEI) that seeks to identify respondents interested in acquiring and operating property in or around the Garment Center that will provide dedicated space for fashion manufacturers. The building to be acquired will provide fashion manufacturers with real estate stability through affordable, long-term leases offered to tenants. In addition, the City of New York has committed up to $20 million in City funding towards a portion of the acquisition costs.
New York City Economic Development Corporation (NYCEDC) today unveiled its plans to transform New York City into a global leader of cybersecurity innovation and talent to combat one of the world’s greatest threats. Cyber NYC, the City’s initiative to grow the cybersecurity sector, will leverage a roster of world-renowned partners to launch a Global Cyber Center, an innovation hub for startups, initiatives to fuel commercialization and research, and new talent pipelines to train the cyber workforce of the future.