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Posts Tagged ‘Willets Point’

  • willets

    Willets Point rendering (Inset: Sterling Equities’ Fred Wilpon and Related Companies’ Jeff Blau)

    UPDATED, 4:42 p.m., Aug. 20: A New York state Supreme Court judge rejected a lawsuit this week from opponents of the Willets Point mega-mall redevelopment who claimed that it violated state law. [more]

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  • Willets Point rendering

    Willets Point rendering

    Opponents of the Willets Point redevelopment claim that, before the city can transfer all the land for the project to developers, additional approvals from the mayor and the Queens Borough Board are needed.

    The $3 billion plan includes residential space and a mega mall and will displace hundreds of car repair shops currently located in the area. [more]

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  • Designs for Two Fulton Square in Queens

    Designs for Two Fulton Square in Queens

    UPDATED 3:40 p.m., June 19: New Yorkers can now take a look at the designs for a big new development that’s part of the Willets Point revitalization of Flushing, Queens.

    [more]

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  • From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    The city has paid nearly $8 million to buy one of the remaining plots of Willets Point it does not control. [more]

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  • From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    From left: Willets Point auto repair shops and rendering of the planned Willets Point redevelopment

    A group of Willets Point business have agreed to accept roughly $2 million in relocation benefits to depart their industrial spots, thus making way for the Related Companies and Sterling Equities’ $3 billion redevelopment of the area. [more]

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  • From left:

    From left: Fred Wilpon, rendering of Willets Point and Tony Avella 

    Opponents of Sterling Equities and the Related Companies’ plan to construct a shopping mall atop the Citi Field parking lot in Flushing Meadows Corona Park have filed suit in Manhattan Supreme Court to halt the development. [more]

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  • related-willets-hudson-yards

    From left: Renderings of Willets Point and Hudson Yards

    Stephen Ross’ Related Companies received approval yesterday for a combined $120 million in tax exemptions for two of its largest projects — Hudson Yards and Willets Point.

    Although the city reviewed the request at a public hearing last week, the Industrial Development Agency made the final call, voting 12-1 in favor of granting Related’s request. The IDA board meeting will be the last one to be held during Mayor Bloomberg’s administration. [more]

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  • willets-point-avella

    Tony Avella and Willets Point rendering

    The Related Companies and Sterling Equities have requested $43 million in city tax breaks for their joint $3 billion redevelopment of Willets Point.

    The city will review the request at a public hearing tonight. Then, on Tuesday, the Industrial Development Agency will make the final decision, amid oppositions from residents and local politicians. [more]

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  • From left: Body shops in Willets Point and a rendering of the Willets Point redevelopment

    From left: Body shops in Willets Point and a rendering of the Willets Point redevelopment

    Soon-to-be-displaced business owners in Willets Point have one eye on the Bronx and another on Maspeth as possible sites for their relocation. [more]

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  • Willets Point

    Willets Point

    WEEKENDEDITION The city may use eminent domain to clear Willets Point, the 62-acre area by the Unisphere of Flushing Meadows-Corona Park used by hundreds of businesses, in order to clean up the blighted commercial zone. [more]

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  • willets-point

    Willets Point rendering

    The Queens Borough Board signed off Monday on Sterling Equities and the Related Companies’ acquisition of 23 acres for the $3 billion Willets Point redevelopment project.

    The City Council backed the project last month, but now the city’s $1 sale of land to the developers’ joint Queens Development Group LLC is official. Council member Julissa Ferreras was at first skeptical of the plan, but voted for it after concessions such as increased affordable housing and more funding for businesses’ relocation were made. [more]

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  • Sterling's Fred Wilpon and the Willets West retail center

    Sterling’s Fred Wilpon and the Willets West retail center

    An 18,000-square-foot business incubator is coming to the $3 billion redevelopment of Willets Point, Queens, spearheaded by the Related Companies and Sterling Equities. [more]

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  • Renderings of Willets Point and 5Pointz

    From left: Renderings of Willets Point and 5Pointz

    It’s been a banner day for megadevelopments in Queens. Related Companies and Sterling Equities scored approval to build a mall on the western parking lot of Citi Field, and David Wolkoff’s G&M Realty reached an agreement with City Council to build two condominium towers on the 5Pointz site in Long Island City. [more]

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  • From left: Rendering of Willets Point and Ruppert Playground

    From left: Willets Point rendering,d Ruppert Playground at 92nd/93rd streets between Second and Third avenues

    Two major Related Companies projects, the $3 billion Willets Point development and a 35-story luxury building on what is now Yorkville’s Ruppert Playground, are up for a crucial City Council vote today. [more]

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  • Willets Point Rendering

    Willets Point rendering

    The future of the Related Companies and Sterling Equities’ plan to overhaul Willets Point with a mega-mall could rest on whether the city is willing to shell out $70 million for traffic ramps leading to the development. [more]

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  • Willets Point Rendering

    Willets Point rendering

    The Related Companies and Sterling Equities’ plan to overhaul Willets Point with a mega-mall next to Citi Field comes up for a first hearing before the City Council Monday. [more]

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  • Sterling's Fred Wilpon and the Willets West retail center

    Sterling’s Fred Wilpon and the Willets West retail center

    The City Planning Commission approved the Related Companies and Sterling Equities’ plan to build a sprawling mall at Willets Point, as part of a $3 billion redevelopment of the area near Citi Field.

    “Willets Point is on its way to becoming remediated and ultimately becoming an active and inviting destination,” City Planning Commissioner Amanda Burden said Wednesday after signing off on the 1.4 million-square-foot mall. [more]

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  • A rendering of the Willets Point development

    A rendering of the Willets Point development

    The city is urging 90 tenants at Willets Points to move out of the area near Citi Field by the end of November to make way for a planned redevelopment project spanning 62 acres, the Wall Street Journal reported. The city is offering a year’s rent to sweeten the deal.

    In addition to rent subsidies, valued at $3.5 million, the city is also offering up to $9 million to assist with relocation, Patrick Muncie, a spokesman for the city’s Economic Development Corp., told the newspaper. [more]

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  • Willets Point rendering

    UPDATED, 10:22 a.m., May 11: Queens Community Board 7 will hold a public hearing on Monday to discuss the Related Companies and Sterling Equities’ Willets Point and Willets West development plans, as part of the city’s public review process of the 62-acre Queens project, according to a blog operated by advocacy group Willets Point United. [more]

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  • Attorney Michael Rikon, the rendering for Willets Point when eminent domain was pursued and New York City Economic Development Corporation president Seth Pinsky

    After a lengthy eminent domain battle over Queens’ Willets Point, local business owners are still demanding that the city pay their legal fees, which tally in excess of $1 million, the New York Daily News reported. According to attorneys for the businesses, the city became obligated to reimburse their opponents’ legal fees after dropping a bid for the site in favor of another 23-acre development parcel near Citi Field last June. [more]

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