EDC seeks a commercial building, parking and shuttle service to amusement area. The New York City Economic Development Corporation is seeking proposals for a developer to purchase and develop commercial space, with accessory public parking, on a 48,600-square-foot site on Stillwell Avenue in Coney Island.
The site is located three blocks north of the Stillwell Avenue subway station and immediately south of the Belt Parkway, within the Coney Island Creek Urban Renewal Area. It is … <Read More>
Request for Proposals seeks tenant for 80-year-old building in need of $70M in repairs. The New York City Economic Development Corporation is seeking proposals for a developer to lease, rehabilitate, and reuse the former Loew’s Kings Theatre at 1025 Flatbush Avenue in Brooklyn.
The vacant building, located between Beverly Road and Tilden Avenue, opened in 1929 as Loew’s flagship theater. The designers of the 3,195-seat, French Renaissance-style building … <Read More>
Major League Baseball project in Harlem is among the beneficiaries. On March 6, 2008, the New York City Industrial Development Agency held a public hearing on proposed public subsidies to private entities, including a joint venture between Vornado Realty Trust and California Urban Investment Partners. The joint venture was established to build a 21-story office tower on 125th Street and Park Avenue, directly southwest … <Read More>
Proposal lists a $1 purchase price for Harlem firehouse. The New York City Economic Development Corporation and the Department of Housing Preservation and Development are jointly seeking proposals to purchase and redevelop the former East 125th Street Firehouse as a community or cultural facility.
The Romanesque Revival-style firehouse, located between Park and Lexington Avenues, dates back to the late 19th … <Read More>
The Diamond District and the Tennis Center are among the beneficiaries. On November 13, 2007 the New York City Industrial Development Agency voted to provide over $105 million in financial assistance to four entities.
IDA awarded up to $51 million in tax benefits to Extell Diamond Tower LLC, an affiliate of Extell Development Company, which will build an integrated diamond and jewelry industry facility in Manhattan’s Diamond District. IDA will extend a mortgage recording … <Read More>
IDA also approves tax -exempt bonds for 2 health care entities and 1 private school. On October 9, 2007, the New York City Industrial Development Agency voted to provide financial assistance to four entities.
IDA awarded the Bronx Parking Development Company $225 million in tax-exempt bonds to finance the design, construction, and renovation of three new parking garages, two existing garages and six surface lots that would serve the new Yankee Stadium. According to IDA, … <Read More>