Use of marine terminal as auto cargo processing facility approved after lease term reduced. On June 29, 2006, the City Council approved a lease submitted by the Economic Development Corporation and the Department of Small Business Services for 74 acres of the South Brooklyn Marine Terminal, an 88-acre Brooklyn waterfront parcel spanning from 29th to 39th Streets and 2nd Avenue to the Gowanus Bay.

Currently used for parking and storage, Axis Group, Inc. would develop and operate, within the first five years of the lease, a vehicle processing facility responsible for 95,000 vehicles per year. The EDC originally proposed a 20-year lease term with two five-year options and required conversion of the property to a container port facility by the end of the lease term. The EDC planned to invest $24 million to add to Axis’ $12 million investment to improve and maintain the site. (more…)

Image Credit: SBS

Funding from the Avenue NYC and Neighborhood 360 grant programs will be awarded to 24 nonprofits working towards pandemic recovery in low to moderate income neighborhoods. On July 13, 2022, the NYC Department of Small Business Services (SBS) announced it will award $3.8 million in multi-year grants through the Avenue NYC and Neighborhood 360 programs. This investment will be divided among 24 community-based development organizations working in low-to-moderate income neighborhoods. (more…)

Rachel Loeb. Image Credit: NYC EDC

Outgoing EDC President James Patchett returns to the private sector while Acting EDC President Rachel Loeb is appointed and works to help NYC recover, rebuild, and reemerge in the wake of the COVID-19 pandemic. On Monday, March 8, 2021, Rachel Loeb assumed the position of Acting President of the New York City Economic Development Corporation (EDC) after being appointed by Mayor Bill de Blasio. Loeb succeeds James Patchett, who worked for the City for seven years. Patchett is returning to the private sector. (more…)

Council Member Carlos Menchaca speaks in opposition to the Industry City application at the Subcommittee hearing on September 15, 2020. Image Credit: NY City Council

Many elected officials questioned whether the developers could follow through on promises of job creation. On September 22, 2020, the developers of the proposed Industry City Rezoning pulled their application after receiving opposition from many elected officials and community members. Industry City is a 5.3 million square foot mixed-use complex with commercial, manufacturing, and community uses in Sunset Park, Brooklyn. The complex is located in an area bounded by 32nd Street to the north, 41st Street to the south, Third Avenue to the east, and the Brooklyn Waterfront to the west. The application called for four land use actions to allow for the addition of several buildings, lifted restrictions on the types of retail and other uses allowed. For CityLand’s prior coverage of the Industry City project, click here. (more…)

CPC Chair Marisa Lago speaks during the Industry City vote. Image Credit: CPC

The highly contested project was originally heard prior to the COVID-19 pause on the ULURP timeline. On August 18, 2020, the City Planning Commission voted to approve the application for four land use actions to expand bulk and use requirements for Industry City. Industry City is a 5.3 million square foot mixed-use complex with commercial, manufacturing and community uses in Sunset Park, Brooklyn. The complex is located in an area bounded by 32nd Street to the north, 41st Street to the south, Third Avenue to the east, and the Brooklyn Waterfront to the west.

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