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New York City Economic Development Corporation

110 William Street
New York, NY 10038
(212) 619-5000
Website
[email protected]

The Economic Development Corporation is the official economic-development engine of New York City, a nonprofit that works at the behest, and often the direction, of City Hall to drive real estate development throughout the five boroughs.

It was formed in 1991, when several different entities merged, including the Public Development Corporation, which dated from the mid-1960s, when it was charged with shoring up the citys faltering economy. The scope of its parentage has meant that the current EDC touches just about every major project involving city-owned or controlled land (as opposed to that which the state or the federal government might control).

It manages that land as well as seeks to maximize its potential, not always without controversy. EDC-directed projects as of spring 2015 include the redevelopments of Willets Point, Queens, and Hunts Point in the Bronx.

New York City Economic Development Corporation, President
110 William Street, New York, NY
Mayor Michael Bloomberg appointed Kyle Kimball president of the citys Economic Development Corporation...
  • Event Office Leasing
  • Address 140 58th Street
  • Neighborhood Sunset Park
  • Borough Brooklyn
  • Square feet 4,100
  • Publication Date 03/26/2018
  • Event Date 03/21/2018
  • Party 1 New York City Economic Development Corporation
  • Party 2 FABSCRAP
notes
The textile recycler inked a lease on the 5th floor of the Sunset Park building.
  • Event Office Leasing
  • Address 1 Liberty Plaza
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 220,000
notes
The quasi-government agency inked a lease for the 10th-14th floors at the 54-story tower.
  • Event Sales
  • Address 525 East 73rd Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 226,000,000
  • Price per foot $ 188.33
  • Publication Date 04/03/2015
  • Event Date 02/22/2015
  • Party 1 New York City Economic Development Corporation
  • Party 2 Memorial Sloan-Kettering Cancer Center, Hunter College
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Event Office Leasing
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,324
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 New York City Economic Development Corporation
  • Party 1 Brokerage New York City Economic Development Corporation
  • Party 1 Broker Dean Bodnar
  • Party 2 OTC FIN ; Manhattan Institute of Management
  • Party 2 Brokerage A.C. Lawrence
  • Party 2 Broker Lily Lin
notes
The financial firm and the nonprofit signed a seven-year, four-month sublease.
  • Event Sales
  • Address Homeport
  • Neighborhood Stapleton
  • Borough Staten Island
  • Price $ 11,000,000
  • Event Retail Leasing
  • Address South Streetand Montgomery Street 36)
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 129,689
  • Publication Date 09/01/2008
  • Event Date 07/18/2008
  • Party 1 New York City Economic Development Corporation
  • Party 2 Basketball City
notes
The operator of recreational basketball leagues signed a 21-year lease with two 10-year renewal options.
  • Event Retail Leasing
  • Building Name Pier 36
  • Address 299 South Street
  • Neighborhood Chinatown
  • Borough Manhattan
  • Square feet 129,689
  • Publication Date 09/01/2008
  • Event Date 07/23/2008
  • Party 1 New York City Economic Development Corporation
  • Party 2 Basketball City
notes
The operator of recreational basketball leagues signed a 21-year lease with two 10-year renewal options.
  • Event Office Leasing
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 263,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 Swig Equities
  • Party 1 Brokerage in-house
  • Party 1 Broker Todd Korren
  • Party 2 New York City Economic Development Corporation
  • Party 2 Broker Lee Winter
notes
The ECD extends its lease through 2020 with a six-year extension.
Brooklyn, 11232
New York City Economic Development Corporation, NYC ECONOMIC DEVELOPMENT CORP
34 43rd Street is a 13,500 square foot building in Brooklyn. The property...
Bronx, 10459
NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION
1174 Longfellow Avenue is a 23,258 square foot property built in 1925 in...

11/06/2017
Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October. Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October....

12/30/2015
The Saks outlet inked the deal at Liberty View Industrial Plaza, the long-vacant, 1.2 million-square-foot complex just north of Industry City that Salmar Properties bought from the New York City Economic Development Corporation in 2011 for $9.4 million...

12/30/2015
  Clockwise from top left: Lu Zhiqian, a rendering of Riverside Center (credit: Christian de Portzamparc) (inset from top: Gary Barnett and James Linsley), a  Clockwise from top left: Lu Zhiqian, a rendering of Riverside Center (credit: Christian de Portzamparc) (inset from top: Gary Barnett and James Linsley), a...

10/22/2015
Clockwise from top left: The Third Avenue block between 94th and 95th streets on the Upper East Side, 500 East 14th Street in the Clockwise from top left: The Third Avenue block between 94th and 95th streets on the Upper East Side, 500 East 14th Street in the...