The Real Deal New York

Posts Tagged ‘economic development corporation’

  • 832 Washington Street

    832 Washington Street in the Meatpacking District

    You might not have known it, but among the high-end retail storefronts and trendy nightclubs and restaurants, there are still some meatpackers left in the Meatpacking District.

    In fact, the Meatpacking District itself is the last holdout among the many marketplaces that once flourished in Manhattan – with the Fulton Fish Market having decamped to the Bronx in 2005, wholesalers having withered from the Flower District on West 28th Street and the Printing District at Hudson Square all out of ink. [more]

  • New NYC EDC chief takes aim

    October 15, 2015 10:00AM
    Maria Torres-Springer NYCEDC

    Maria Torres-Springer

    From the October issue: Making good on Mayor Bill de Blasio’s promise to tackle the city’s rising income inequality is not just a professional goal for the newly appointed president of the city Economic Development Corp. For Maria Torres-Springer, it’s a personal one, too.

    The first woman to head the EDC was raised in Alameda, California, the daughter of Filipino immigrants. Torres-Springer recalls a home with “very modest means” — her mother worked as a bank teller, and her father was a fingerprint technician at the police department, among other jobs. She worked her way through Yale, then grad school at Harvard. [more]

  • Maria Torres-Springer and 495 11th Avenue

    Maria Torres-Springer and 495 11th Avenue

    The city’s Economic Development Corporation is seeking bidders to develop a mixed-use affordable housing complex on the site of a former slaughterhouse at 495 11th Avenue in Hell’s Kitchen.

    The de Blasio administration is hoping the 25,000-square-foot, city-owned property’s proximity to the Hudson Yards project, as well as the upcoming extension of the 7 train to Manhattan’s Far West Side, will make the slaughterhouse site – which now houses an NYPD parking lot – attractive to developers. [more]

  • Rendering of the East Harlem Media, Entertainment and Cultural Center

    Rendering of the East Harlem Media, Entertainment and Cultural Center

    A Manhattan judge dismissed several counterclaims by a group of East Harlem businesses against the city’s eminent domain plans for the neighborhood, setting up a hearing next month that could lead to a long appeals process. [more]

  • 493 Eleventh Avenue

    493 11th Avenue in Hell’s Kitchen (credit: Google Maps)

    A Manhattan community board has proposed converting a city-owned parking lot in Hell’s Kitchen into a 322-unit affordable housing tower.

    The parking lot, at 493 11th Avenue, between West 39th and 40th streets, should be the site of “a 100 percent permanently affordable building,” Community Board 4 wrote in a letter last week to the city’s Economic Development Corporation and Department of Housing Preservation & Development. [more]

  • South Brooklyn Marine Terminal in Sunset Park (inset: Carlos Menchaca and EDC president Kyle Kimball)

    South Brooklyn Marine Terminal in Sunset Park (inset: Carlos Menchaca and EDC’s Kyle Kimball)

    City officials have come to a preliminary agreement to hand over control of Sunset Park’s South Brooklyn Marine Terminal to the city’s Economic Development Corporation. [more]

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  • Kyle Kimball to step down as EDC head

    March 25, 2015 08:05AM
    Kyle Kimball

    Kyle Kimball

    Kyle Kimball is stepping down as president of the Economic Development Corporation.

    He will stay in his job until June, to give the agency time to find his successor, according to the Wall Street Journal. The EDC — created under the Dinkins Administration — negotiates the sales and leases of city-owned properties, among other responsibilities. Mayor Michael Bloomberg appointed Kimball in July 2013.  [more]

  • sunset-park-terminal

    From left: South Brooklyn Marine Terminal in Sunset Park, Carlos Menchaca and Kyle Kimball

    The city is backing out of a $115 million project to redevelop the 88-acre South Brooklyn Marine Terminal along the Sunset Park waterfront. [more]

  • From left: Kyle Kimball and the Queensboro Bridge

    From left: Kyle Kimball and the Queensboro Bridge

    The city is looking to convince developers to build affordable housing by offering them free air rights. [more]

  • Kyle Kimball and renderings of Hunter's Point South Phase 2

    Kyle Kimball and renderings of Hunter’s Point South Phase 2 (renderings courtesy ODA)

    Mayor Bill de Blasio is testing out a new initiative that will require contractors on city development projects to provide provisions for hiring disadvantaged workers. [more]

  • Meister-East-Harlem

    From left: Stephen Meister, East Harlem block and rendering of East Harlem Media, Entertainment and Culture Center

    The city hopes affordable housing and large commercial structures will rise one day on a full block in Harlem now occupied by low buildings, a parking lot and a gas station. But landlords of five of the parcels says the city’s efforts to condemn the properties came too late. [more]

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  • storm

    (Credit: ArchDaily)

    Mayor Bill de Blasio’s administration plans to use federal Hurricane Sandy grants to complete a 13-year initiative to map every building along the city waterfront.

    The final leg of the project will cover private, federal and state-owned buildings. The city Economic Development Corporation, which has handled mapping for many city-owned buildings thus far, issued a request for proposals today to find a private firm to wrap up the project. The firm would also have to update all the mapping data collected since 2001. [more]

  • Day in the life of: Kyle Kimball

    August 25, 2014 10:30AM
    Kyle Kimball

    Kyle Kimball

    From the August issue: Kyle Kimball is the president of the New York City Economic Development Corporation — and one of the few City Hall carryovers from Mayor Michael Bloomberg’s administration. The 41-year-old Park Slope resident is head of the quasi-city agency that manages about 60 million square feet of NYC real estate. The agency is also involved in developing major projects such as the High Line, Gotham Center and Empire Outlets. [more]

  • Flushing Commons rendering

    Flushing Commons rendering

    Discussion has begun among locals and stakeholders on the effect the long-delayed Flushing Commons development will have on local retailers.

    At the first meeting of a task force launched by Queens borough president Melinda Katz, a local business association voiced concern that construction of the mixed-use project at the corner of 39th Avenue and Union Street will hurt sales at neighborhood stores. [more]

  • manar

    Left: Gregory Fournier, Stanley Gale Jr., Joel Bergstein, Michael Samuelian, Kyle Kimball, Bill Rudin and Amir Korangy

    While international buyers have emerged as potential clients when developers are conceiving of a project, New Yorkers remain the primary demographic, according to some of the city’s top developers yesterday at the Manhattan Association of Realtors’ annual Global Real Estate Symposium.  [more]

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  • From left: Edward

    From left: Edward Inlow, Justin Ginsburgh and a CitiBike rack

    The head of New York City’s Citi Bike program resigned this week amid “financial and operational challenges” that could shut the bike-share business down. [more]

  • Kyle Kimball

    Kyle Kimball

    New York City’s new mayor, Bill de Blasio, says it was “the right move” to keep Bloomberg administration veteran Kyle Kimball in his current job as president of the city’s Economic Development Corporation.

    Though de Blasio criticized exiting Mayor Michael Bloomberg’s development policies on the campaign trail, he said Tuesday that Kimball’s approach to the job was in line with the new administration’s progressive agenda. [more]

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  • 2040 Frederick Douglass Boulevard

    2040 Frederick Douglass Boulevard

    A former BP gas station in Harlem has been plucked by the New York City Economic Development Corporation for development as a mixed-use project with more than 50 apartments. [more]

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  • From left: A food startup hub in South Williamsburg and Cumberland Packing in the Brooklyn Navy Yard

    From left: A food startup hub in South Williamsburg at the former Pfizer factory and Cumberland Packing in the Brooklyn Navy Yard

    Brooklyn food manufacturing is expanding like a well-made souffle, but the industry is missing one key ingredient: space. About 38 percent of the borough’s manufacturers – many of which have taken space in shared commercial kitchens or food incubators – have had to leave the borough to rent additional manufacturing space, according to a survey released by City Council Member Stephen Levin, who is based in Brooklyn.

    Nearly 70 percent find their growth restricted by the limited production capacities at their manufacturing facilities in the borough, the survey found. [more]

  • The EDC’s Seth Pinsky and Webster Avenue

    The city has a plan to revitalize a stretch of Webster Avenue in the Bronx, Crain’s reported. The plan aims to turn the 1.5-mile strip into a “Main Street” with new retail, mixed-income housing, a business incubator, pedestrian-friendly streets and cultural activities. [more]