Opportunity to develop food-related or wholesale industrial use on 9.75- acre site near Fulton Fish Market. On June 2, 2011, the Economic Development Corporation issued an open request for proposals for the redevelopment of a City-owned site in Hunts Point, Bronx. The unimproved 9.75-acre parcel fronts Halleck Street and Food Center Drive, and is within the Hunts Point Distribution Center which includes the Hunts Point Produce Market, the Hunts Point Meat Market, and the New … <Read More>
Search Results for: EDC
Audit cites EDC for Water Club’s lease violations
EDC faulted: Comptroller found waterfront restaurant violated lease’s revenue- reporting and site-improvement requirements. An audit by City Comptroller John C. Liu concluded that MDO Development Corporation violated its lease agreement for a City-owned site occupied by the Water Club restaurant along the East River between East 30th and 32nd Streets in Manhattan. The audit found, among other things, that MDO did not accurately report revenue from the restaurant and failed to make required site improvements. … <Read More>
EDC seeks developer for new science facility
Sites for applied sciences academic campus include Brooklyn Navy Yard, Roosevelt Island, Governors Island, and Staten Island. The City’s Economic Development Corporation issued a request for expressions of interest from universities, applied sciences organizations, or related institutions regarding the development and operation of a new applied sciences research facility and academic campus in the City. According to EDC, the City is interested in a facility specializing in applied engineering, but it could provide additional programs … <Read More>
EDC issues RFEI for redevelopment of bakery complex
City is in process of reclaiming property after Citarella failed to fully develop site. The City’s Economic Development Corporation issued a request for expressions of interest for the purchase, redevelopment, and rehabilitation of the former Taystee Bakery complex on West 125th and West 126th Street between Amsterdam and Morningside Avenues in West Harlem.
The 134,000 sq.ft. complex includes an occupied through-block building at 461 West 125th Street and five vacant buildings at 426 through 458 … <Read More>
EDC seeks developer for Bush Terminal Complex site
Waterfront site is occupied by three buildings that EDC will demolish prior to execution of ground lease. On November 1, 2010, the City’s Economic Development Corporation issued a request for proposals seeking developers to lease and redevelop a 130,000 sq.ft. portion of the Bush Terminal Complex along the Gowanus Bay in Sunset Park, Brooklyn. The redevelopment site is generally bounded by 44th and 47th Streets to the north and south and is adjacent to … <Read More>
EDC wins title to landmarked building
Corn Exchange failed to perform on three-year rehabilitation clause in deed. After Corn Exchange LLC failed to rehabilitate and restore the landmarked Corn Exchange Bank building to its original state and to establish a non-profit culinary school, the Economic Development Corporation sued to reacquire the property and to eject the Exchange, claiming that it breached a condition in the deed. The Exchange objected, arguing that its failure to rehabilitate and restore was a breach of … <Read More>