IDA approved $81 million in incentives to assist Fresh Direct relocation to the Bronx. On February 14, 2012, the City’s Industrial Development Agency approved financial incentives of approximately $81 million to assist Fresh Direct in relocating its headquarters and operations center from Long Island City to the Mott Haven section of the Bronx. Fresh Direct, an Internet grocery delivery service, sought assistance to build a 500,000 sq.ft. distribution facility and separate parking and maintenance facilities. … <Read More>
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East River ferry service contract awarded
- Image: Courtesy of NYCEDC
EDC awarded $9 million contract to BillyBey Ferry Company to provide new ferry service to Brooklyn, Manhattan, and Queens starting in Spring 2011. On February 2, 2011, the City’s Economic Development Corporation awarded BillyBey Ferry Company a three-year $9 million contract to provide expanded ferry service along the East River. Billybey, operating under the NY Waterways brand, will make seven regular stops connecting riders to Brooklyn, Manhattan, and Queens. The stops … <Read More>
Developers selected for Queens waterfront complex
- Hunters Point South Pier.
First phase of Hunter’s Point South will include two towers with at least 685 affordable apartments, parkland, and a new school. On February 9, 2011, the City announced that it had selected Phipps Houses, the Related Companies, and Monadnock Construction to develop the residential portion of the first phase of the Hunter’s Point South redevelopment plan. The City Council in November 2008 approved the City’s plan to develop … <Read More>
Two new members appointed to commission
Michael Goldblum and Michael Devonshire replaced Stephen Byrns and Roberta Brandes Gratz. Architect Michael Goldblum and architectural conservator Michael Devonshire have replaced Commissioners Stephen Byrns and Roberta Brandes Gratz on the Landmarks Preservation Commission. Byrns joined Landmarks in 2004 and is a founding partner of BKSK Architects LLP. Gratz joined Landmarks in 2003 and will continue to serve the City as a member of the Sustainable Advisory Board for PlaNYC.
The City Council … <Read More>
City gains control over Governors Island
- Image: Courtesy of West 8 / Rogers Marvel Architects / Diller Scofidio + Renfro / Mathews Nielsen / Urban Design +
City-controlled operating entity will be responsible for implementing island’s recently released redevelopment master plan. On April 11, 2010, the City and State announced an agreement that would transfer to the City primary responsibility for operating Governors Island and for implementing the development goals of the Governors Island Park and Public Space Master Plan. The … <Read More>
Two new Bronx grocery stores win tax exemptions
IDA approved $8.6 million in real estate and tax benefits for the first two supermarkets under the recently-created FRESH program. On February 9, 2010, the New York City Industrial Development Agency, a component of the City’s Economic Development Corporation, approved tax incentive packages to assist in the development of two new Bronx supermarkets. The financial incentives are the first awarded under the City’s Fresh Retail Expansion to Support Health (FRESH) program approved by … <Read More>