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>
Economic Development Corporation
Full-block West Side mixed-use project approved
- HPD-sponsored multi-building, mixed-use project that Gotham Organization Inc. will develop in Clinton, Manhattan. Image: Courtesy of SLCE Architects/RSpline.
HPD-sponsored project will create 600 permanently affordable housing units, convert P.S. 51 into residential housing,and build a new school on the project site. On March 3, 2010, the City Council approved the Department of Housing Preservation and Development’s proposal to allow the Gotham Organization Inc. to develop a 1.15 million sq.ft. mixed-use project that will occupy most … <Read More>
Sunset Park 197-a plan OK’d
The City Planning Commission had refused recommendation to relocate sanitation garage on the 52nd Street Pier. On December 21, 2009, the City Council approved Brooklyn Community Board 7’s comprehensive plan to improve the Sunset Park waterfront, known as “New Connections/ New Opportunities – Sunset Park 197-a Plan.” The waterfront is zoned primarily for manufacturing uses and fell into disrepair in the 1960s and 1970s. The City owns most of the waterfront property.
CB7 began the … <Read More>
Court upsets Columbia’s eminent domain option
Property owners challenge ESDC’s authority to use eminent domain on behalf of Columbia. Looking to expand in West Harlem, Columbia University teamed up with the City’s Economic Development Corporation in 2001 to redevelop the area. Not long after, EDC issued a West Harlem Master Plan. The plan stated that West Harlem could be redeveloped through rezoning, and did not mention any blighted conditions in Manhattanville. Columbia began purchasing property in the area in 2002 for … <Read More>
Grocery store zoning incentives proposed
Program would create floor area bonus and other incentives in effort to increase number of grocery stores in underserved neighborhoods. On August 5, 2009, the City Planning Commission held a public hearing on the City’s proposed Food Retail Expansion to Support Health (FRESH) program. The program, a joint effort by the Department of City Planning and the City’s Economic Development Corporation, is a response to a City-sponsored study from 2008 finding that low- … <Read More>
Council approves Battery Maritime addition
- Battery Maritime Building. Image: Courtesy of NYCEDC.
Restoration of Battery Maritime Building along with addition of boutique hotel wins approval. On March 11, 2009, the City Council voted to approve the Economic Development Corporation and Dermot Company’s redevelopment plan for the Battery Maritime Building, located on the southern tip of Manhattan just east of Battery Park.
The 1909 building, once part of the original Whitehall Ferry Terminal, was designated as an individual City landmark in … <Read More>