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economic development corporation
Lights, camera, development: City issues RFP for film studio in Sunset Park
August 02, 2018 11:00AM
Sunset Park could be getting a film and television studio. New York City Economic Development Corporation and the Mayor’s Office of Media and Entertainment...
EDC has spent half of its $700M rezoning fund money on just four neighborhoods
May 23, 2018 04:24PM
The city might run out of money in a neighborhood improvement fund well before improving all of the neighborhoods it is supposed to help....
Day in the life of: James Patchett
May 14, 2018 04:00PM
James Patchett is the president and CEO of the New York City Economic Development Corporation, the city’s quasi-independent nonprofit with an annual budget of...
City moves forward with Sunnyside Yards development plans
May 04, 2018 09:40AM
The city is continuing to move forward with its plans to develop Sunnyside Yards in Queens. The Economic Development Corporation announced on Wednesday that...
Demo regrets: City officials lament tearing down rental buildings to make way for long-delayed DoBro park
March 27, 2018 10:50AM
After green-lighting the demolition of residential and rent-stabilized buildings in Downtown Brooklyn, city officials are now facing the possibility that a deal to build...
City hopes to make Broadway Junction latest beneficiary of Brooklyn’s boom
November 27, 2017 12:25PM
Broadway Junction could be the next area of Brooklyn to be transformed by the wave of development sweeping through the borough. A group co-chaired...
Maybe market-rate condos won’t be part of the Bedford-Union Armory after all
November 15, 2017 11:30AM
Market rate condos could be on their way out of Brooklyn’s controversial Bedford-Union Armory project. The Crown Heights development has drawn strong neighborhood opposition...
Triangle Equities is betting $97M on air cargo with Queens project
October 16, 2017 05:30PM
Triangle Equities wants to build a $97 million warehouse near John F. Kennedy International Airport, according to filings with the Economic Development Corporation. The...
EDC closes 220K sf deal at One Liberty Plaza
October 10, 2017 12:15PM
The New York City Economic Development Corporation finalized its 220,000-square-foot lease at Brookfield Property Partners’ One Liberty Plaza in the Financial District. The quasi-government...
EDC has received over 24 proposals for location of Amazon’s new HQ
September 27, 2017 12:08PM
New York may face stiff competition from the rest of the country in the race to land Amazon’s second headquarters, but that has not...
Economic Development Corp. has a lease out for 220K sf at One Liberty Plaza
June 19, 2017 12:30PM
The New York City Economic Development Corp. is in late-stage talks to relocate its headquarters Downtown into roughly 220,000 square feet at One Liberty...
City taps developers for 100% affordable Far West Side project
May 08, 2017 08:39AM
The New York City Economic Development Corporation selected the partnership of Radson Development and Kingspoint Heights Development to build a mixed-use complex with 200,000...
Are you there, Jared? It’s me, Bill: Mayor chats with Kushner “somewhat regularly,” EDC head says
March 31, 2017 01:35PM
Having a New Yorker in the White House — even one who wants to cut millions of dollars in federal funding to the city...
City on the hunt for a developer to build a mixed-use complex over LIC rail yard
January 24, 2017 09:40AM
The city wants to build housing, retail and open air space over a rail yard in Long Island City, and it’s searching for a developer...
Meet the Goldman alumnus who’ll be leading the EDC
January 18, 2017 08:30AM
When the city brokered a $201 million deal to sell the Riverton in 2015, officials touted it as a major victory. A&E Real Estate...
RAL to redevelop PC Richard site in Union Square
December 22, 2016 01:10PM
UPDATED, Dec. 22, 1:47 p.m.: The city’s Economic Development Corporation has selected Robert Levine’s RAL Development Services, one of the companies behind a controversial...
EDC floats plan for 1.1M sf development at MTA bus depot in East Harlem
September 01, 2016 11:45AM
If the city’s Economic Development Corp. has its way, a full-block East Harlem site that houses a former slave burial ground — and most...
City to offer low-interest loans to up-and-coming developers
August 12, 2016 12:00PM
So you’re a small-time developer seeking a toehold in the high-stakes real estate industry? No problem. The city’s got your back. In an effort...
Park-It principals plan 80 apartments at city-claimed East Harlem site
March 24, 2016 03:20PM
UPDATED: March 25, 2:02 p.m.: Park-It Management bosses Fred and Gary Spindler filed a permit application to convert one of their buildings into a...
EDC to fund $150M in manufacturing development
March 03, 2016 09:00AM
The city will dole out $150 million to developers looking to build industrial space, part of Mayor Bill de Blasio’s push to bring more...
PHOTOS: REBNY’s 123rd annual gala
Knotel has quietly inked 160K sf in leases since December
These are some of the most notable resi sales of the week
Breather taps former mattress startup executive for CEO role
Inside REBNY’s 2019 gala
January 2019 issue
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