Empire State Development exec leaving for YMCA

Joe Chan, who ran state agency's RE arm, will manage nonprofit's NYC building assets

TRD New York /
Sep.September 30, 2016 04:50 PM

Joe Chan, the head of the Empire State Development Corporation’s real estate division, is leaving for a position with the YMCA.

Chan, who played a role in the Penn Station redevelopment among several state projects, will oversee the the development and expansion of the nonprofit’s 2 million square feet of real estate assets in the city. 

As an executive vice president at the state development agency, Chan oversaw several major projects including the redevelopment of the James A. Farley Post Office into Moynihan Train Hall and the plan to expand the Javits Center.

Chan had accepted the YMCA job earlier this summer, but felt obligated to stay until the Penn Station project had reached the critical point of choosing developers, he told Crain’s. After the Related Companies TRData LogoTINY and Vornado Realty Trust were awarded the job for the Moynihan Train Hall redevelopment and the state is close to selecting a development team for the Javits Center, he felt ready to move on, Chan said.

The YMCA is looking to expand into the Bronx and other underserved areas. Chan intends to develop the nonprofit’s underutilized real estate.

Before joining the development agency in 2011, Chan was a founder and president of the Downtown Brooklyn Partnership, a booster organization that has become an influential force in that neighborhood’s resurgence in recent years. [Crain’s]Chava Gourarie

 

Related Articles

arrow_forward_ios

Long Island Cheat Sheet: Nassau’s Laura Curran discusses development and Airbnb, environmental review delays Belmont Park project… & more

Long Island Cheat Sheet: Suffolk officials greenlight Ronkonkoma plan … & more

Construction starts picked up in 2017, thanks to large institutional and public works projects

Nonresidential construction starts up significantly thanks to Javits Center, Moynihan Hall projects

WATCH: NYC real estate’s week in numbers

Vornado, Related land $271M Deutsche loan for Moynihan Train Hall

Fate of Moynihan air rights unclear as $1.6B project moves forward

Vornado, Related and Skanska finalize deal to build $1.6B Moynihan Train Hall

arrow_forward_ios