- The former East 125th Street firehouse, located between Lexington and Park Avenues. Photo: Jonathan Reingold.
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 century and was designated a City landmark in June 1997. In May 2003, the City decommissioned the firehouse for budgetary reasons. Four years later, the City Council approved DCAS’ plan to sell the firehouse so long as the City transferred it to a community service provider. 4 CityLand 71 (June 15, 2007).
The firehouse is located within the Department of City Planning’s proposed 125th Street Rezoning Plan, which would increase the maximum allowable residential and commercial FAR to 7.2 and 4.0 respectively, while decreasing community facility FAR to 6.0. Although disposition of the building was previously approved by the City, HPD must obtain further government approvals per statutory requirements that govern HPDinitiated dispositions.
The RFP seeks proposals to convert the 8,500-square-foot building into an active space for community, educational, and cultural uses. Proposals must respect the building’s landmark status. Any proposed changes to the building must be reviewed and approved by Landmarks.
EDC set an April 28, 2008 deadline for all responses.
EDC: Request For Proposals – East 125th Street Firehouse (Jan. 22, 2008).
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 tax waiver, building tax exemption, and both City and State sale and use tax exemptions. According to IDA, the facility will include diamond trading, cutting, brokerage, sales and support services, and will create or retain 3,117 jobs. (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, the parking project will create approximately 555 construction and operational jobs. (read more…)
Sites include residential developments, farmers’ market, sports complex and hotel. The New York City Economic Development Corporation issued three requests for proposals seeking developers for projects on Staten Island’s northeastern shore.
The sites are located along Front Street in Homeport, the former U.S. Navy facility in the Stapleton section of Staten Island.
The three new RFPs are part of the first phase of development under the New Stapleton Waterfront Development Plan. 3 CityLand 149 (Nov. 15, 2006). In preparation of the site, EDC will demolish the former Navy buildings, while the City will relocate the government offices that currently occupy them. (read more…)
Projects intended to spur development in Harlem and Jamaica. On September 21, 2007, the Office of the Deputy Mayor for Economic Development held a hearing in the New York City Economic Development Corporation’s offices to receive public comment on the City’s plan to seek State funds for two redevelopment projects in Harlem and Jamaica. The City hopes to secure State funding under the Restore New York’s Communities Initiative, a State initiative created last year to revitalize urban areas and stabilize neighborhoods.
Under the Restore NY plan, municipalities must submit an application to the Empire State Development Corporation that details a project on government-owned land which will attract people and investment, increase the tax base, improve municipal finances and lessen dependence on state aid. The City is limited to two annual applications of $10 million each. (read more…)