Economic Development Corporation

Rendering of Master Plan for Sunnyside Yard. Courtesy of Practice for Architecture and Urbanism

New Proposal Could Bring 12,000 Affordable Apartments to Sunnyside Yard in Queens

In a master plan created in part by the city’s Economic Development Corporation (EDC), 12,000 affordable apartments could be built over Sunnyside Yard in Queens. If it comes to fruitrition, it would be the largest recent development of affordable housing, to the tune of an estimated $14.4 billion. The hefty price includes the deck over the rail yard on which the residential buildings will sit, as well as the streetscape and infrastructure for utilities, a new rail station for commuter trains, multiple schools and libraries, commercial space for offices, manufacturing, and retail, and 60 acres of open space and public parks.

Read More

Rendering of Union Square Tech Training Center at 124 East 14th Street

Construction Begins on Union Square Tech Training Center at 124 East 14th Street

City agencies have kicked off construction on a 21-story “tech hub” at 124 East 14th Street in Manhattan, just east of Union Square. Known officially as the Union Square Tech Training Center, the project is poised to accelerate the diversification of New York City’s technology sector through the provision of education facilities, vocational training, and on-site resources for local start-ups.

Read More

1047 Beach 21st Street in Far Rockaway, Queens

Permits Filed for 1047 Beach 21st Street in Far Rockaway, Queens

Permits have been filed for a ten-story mixed-use building at 1047 Beach 21st Street in Far Rockaway, Queens. Located between Cornaga Avenue and Central Avenue and adjacent to the Best Western Far Rockaway Inn, the lot is one block south of the Far Rockaway Mott Avenue subway station, serviced by the A train. New York City Economic Development Corp. (EDC) is listed as the owner behind the applications. Since late 2015, the EDC has ongoing initiatives to strengthen and revitalize the Downtown Far Rockaway’s existing infrastructure by bringing new commercial and residential developments to this community.

Read More

Fetching more...