Hugo Boss store at Columbus Circle which was forced to close by COVID-19 executive order sought rent relief. Hugo Boss operates a retail store in The Shops at Columbus Circle in New York City. A/R Retail LLC is the landlord for this luxury indoor mall. Hugo Boss entered into a 13-year lease at the location as a way to gain visibility in the heavily trafficked location catering to premium market customers. Hugo Boss’s rent was … <Read More>
Landmarks Launches Business Express Service
On August 3, 2022, the Landmarks Preservation Commission announced the launch of their Business Express Service, a one-stop-shop where businesses operating in landmarked buildings can easily get permits. This Landmarks initiative aims to strengthen the City’s pandemic recovery in accordance with the Mayor’s Economic Blueprint.
Mayor Announces $1.5 Million Investment in Small Business Resource Network
On July 26, 2022, Mayor Eric Adams announced a $1.5 million investment in the NYC Small Business Resource Network. Building on commitments from the Mayor’s Economic Recovery Blueprint, this investment will allow the resource network to extend programming through 2023.
Mayor Announces Completion of Two Far Rockaway Projects
In addition to 224 affordable homes, street safety improvements have been implemented in downtown Far Rockaway. On August 4, 2022, Mayor Eric Adams announced the completion of two projects in downtown Far Rockaway, delivering on key commitments in 2016’s Downtown Far Rockaway Roadmap for Action. Together, both projects brought $234 million in investment to the neighborhood.
Elected Officials Celebrate Starhill Construction Start in Morris Heights
The mixed-use Bronx development will support adults experiencing homelessness through substance abuse treatment programs. On July 27, 2022, Mayor Eric Adams and Governor Kathy Hochul announced the start of construction for Starhill Phase I. This $189 million affordable housing development is located in the Morris Heights section of the Bronx and features ample supportive housing.
NYC Adds Over 22,100 Private Sector Jobs in June
June is the city’s fifth consecutive month of continued private sector job growth. On July 22, 2022, the NYC Economic Development Corporation (EDC) announced in its monthly Economic Snapshot that 22,100 private sector jobs were added in June in NYC.