Developers and city officials recently celebrated the commencement of construction at Peninsula, a five-acre mixed-use complex in The Bronx. Located in Hunts Point, the project includes a complete transformation and conversion of the defunct Spofford Juvenile Detention Center.
New York City Economic Development Corporation
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.
Full demolition permits have been filed for 114 East 14th Street, the former retail space of P.C. Richard & Sons, also known as 124 East 14th Street. The appliance shop closed their two-story, 20,000-square-foot location last winter. In November of 2018, we reported the city’s Economic Development Corp. has been soliciting proposals to redevelop the site into new office space for up and coming business tenants in creative and tech industries in the neighborhood, and had since filed new construction permits for a 22-floor commercial building.
Permits have been filed for a new 22-story commercial building at 124 East 14th Street, in Manhattan’s East Village. The site is the former retail space of the P.C. Richard & Son appliance shop, which closed their two-story, 20,000-square-foot location last winter. Since 2015, the city’s Economic Development Corp. has been soliciting proposals to redevelop the prime city-owned site, particularly those that include new office space for up and coming business tenants in creative and tech industries in the neighborhood.
Construction is now underway on a Phase I of a sprawling, mixed-use development in Coney Island, Brooklyn. Located at 1709 Surf Avenue, the complex will eventually deliver 1,000 residential units, 150,000 square feet of retail space, and around 80,000 square feet of office area.