Economic Development Corporation

Long Island City waterfront

City Launches Request For Proposals For Adjacent Long Island City Mixed-Use Development Sites

The New York City Economic Development Corporation (NYCEDC) has launched a Request for Proposals (RFP) for two city-owned development sites adjacent to each other, which total 4.5 acres, at 5-40 44th Drive and 4-99 44th Drive. Politico New York reports that the city is looking for developers to build “at least 300,000 square feet of commercial office or light manufacturing space, up to 1,000 apartments, a school, and a small park.” The site is currently located in a manufacturing district but would be rezoned for a mixed-use project. It currently consists of a single-story Department of Transportation facility, a surface parking lot, and a restaurant (which has a lease that expires in 2017). Proposals are due by May 26, 2016.


Five of the sites prioritized for designation by the Landmarks Preservation Commission.

Landmarks Prioritizes 30 Backlog Sites for Designation, Permanently Removes Five

As we have reported, the Landmarks Preservation Commission is in the process of dealing with the backlog of 95 items that have been on its calendar since before 2010, some for decades. That process took a big step forward Tuesday, with 30 sites remaining on the calendar as priorities for designation vote by the end of 2016. Five sites were removed from the calendar for lack of merit.

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New Lab

50,000 Square-Foot ‘New Lab’ Office Building To Open This Summer at Brooklyn Navy Yard

The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.


460 West 41st Street

Request For Proposals Launched For Mixed-Use Development At 460 West 41st Street, Midtown West

This past summer, news broke that the Covenant House was seeking to redevelop most of the block bound by Tenth and Dyker avenues and West 40th and 41st streets, in the Hudson Yards district, into a mixed-use development that would contain their new headquarters. Per Crain’s, the city’s Economic Development Corporation and the nonprofit jointly launched a Request for Proposals (RFP) for the project. The site could accommodate a roughly 780,000 square-foot project, but would have to include a new 150,000 square-foot facility for Covenant House. A second building could include roughly 700 residential units, retail space, and leasable community facility space. It’s proposed 40 percent of the units would rent at below-market rates, of which 75 to 100 units are to be set aside as supportive housing. Submissions are due March 11. The city must first take possession of vacant building at 450 West 41st Street.


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.


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