Contentious testimony on EDC’s Willets Point Plan

Concerns over eminent domain dominate hearing. On November 29, 2007, the City Council’s committees on Land Use and Economic Development held their second oversight hearing on New York City Economic Development Corporation’s proposal to redevelop 61 acres of Willets Point in Queens. The site, located directly east of Shea Stadium, largely consists of a range of auto-related, light industrial and manufacturing private businesses. EDC seeks to acquire the entire area and create an urban renewal … <Read More>


Trinity Real Estate’s Carl Weisbrod Reflects on Revitalizing Urban Areas

Carl Weisbrod’s office at One Hudson Square is emblematic of the changes Trinity Real Estate is bringing to Hudson Square—a neighborhood on the west side of Manhattan nestled between SoHo, Tribeca, and the West Village. A modern office space with advanced technological amenities, the building was actually designed in 1930 to accommodate printing companies. Much like the building, Mr. Weisbrod, as President of Trinity Real Estate—the real estate development arm of Trinity Church, one of … <Read More>


Building owner to pay for FDR repairs

Building’s foundation with cracks over and along the FDR. In 1938, the Board of Estimate approved an extension of the FDR Drive from East 92nd Street down to East 49th Street. The City acquired full title to the land necessary for the extension except from East 54th to 56th Streets, where it acquired a permanent easement from the Henry Phipps estate to use the area for street purposes. The estate retained the right to erect … <Read More>


IDA approves $225 M for new Yankee Stadium parking

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, … <Read More>


EDC seeks developers for former Navy Homeport

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. … <Read More>


Landmarks votes eight designations in one day

Designations include Lord & Taylor store and Eberhard Faber Pencil Co. complex. On October 30, 2007, Landmarks voted unanimously to designate seven individual buildings and one new historic district.

In Manhattan, Landmarks designated the Lord & Taylor flagship store in Midtown, the Manhattan House in the Upper East Side, and two federal-era rowhouses in the Lower East Side. The Lord & Taylor store dates back to 1914 and is an example of the Italian Renaissance … <Read More>