Economic Development Corporation

Landmark Colony

City Council Approves Sale For 344-Unit Redevelopment Of New York City Farm Colony, Staten Island

In late 2014, the Landmarks Preservation Commission approved the 45-acre residential redevelopment of the dilapidated 96-acre New York City Farm Colony campus, located centrally on Staten Island. Last week, the City Council approved plans to sell 45 acres of the property to NFC Associates, the New York Times reports. The Staten Island-based developer will rehabilitate five existing buildings, demolish five others, build 14 multi-unit townhouses, and also build three six-story residential buildings. Dubbed Landmark Colony, there will be a total of 344 condominiums, 34 of which will be sold at below-market rates, but all of which will be home to people 55 and older. Of the 45 redeveloped acres, 17 acres will be landscaped public space, and 17,000 square feet of commercial space is planned. Vengoechea & Boyland Architecture is designing, and units will begin to come online next year.


124 East 14th Street

City Seeking Proposals For Mixed-Use Development Site At 124 East 14th Street, Union Square

The city’s Economic Development Corporation has requested proposals to develop the property at 124 East 14th Street, between 3rd and 4th Avenues in Union Square, according to Crain’s. Currently, a two-story commercial building housing a P.C. Richard & Son appliance store occupies the property. The site, however, boasts the potential for 140,000 square feet of residential development or 93,000 square feet of commercial development rights. The city is aiming to have an office building constructed, but the project could end up being residential or mixed-use. Existing retail leases in the building expire in February of next year, the same time proposals are due.


155 Food Center Drive

Baldor Specialty Foods Expanding Hunts Point Facility At 155 Food Center Drive

Baldor Specialty Foods is planning a 100,000 square-foot, $20 million expansion at their food-manufacturing and distribution facility at 155 Food Center Drive, in the southern part of Hunts Point. According to The Wall Street Journal, the current facility measures 193,000 square feet, and the expansion will mostly include new temperature zones for produce, as well as new loading docks.


460 West 41st Street

Covenant House Planning New Facility, Affordable Housing At 460 West 41st Street, Midtown West

The Covenant House, a facility that caters to homeless youth, is planning to redevelop the small block at 460 West 41st Street, in Hell’s Kitchen, replacing their current eight-story facility, a vacant six-story building, and an undeveloped lot. DNAinfo reports the new building will house Covenant’s new national headquarters facility, in additional to a large residential portion that’s 40% affordable and includes 100 units of supportive housing.


493 11th Avenue

City To Request Proposals For All-Affordable Mixed-Use Tower At 493 11th Avenue, Midtown West

The City’s EDC has confirmed the redevelopment of the parking lot at 493 11th Avenue, on West 39th Street in Midtown West, according to DNAinfo. The City will request proposals this summer for a permanently all-affordable housing tower, which will also have retail and community space on the lower levels. The site was previously said to allow for a 45-story, 300-unit building, and was formerly occupied by a six-story slaughterhouse, demolished in the 1980’s.


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