Search Results for: Business Improvement

Council Approved Rheingold Development with a 30 Percent Affordable Housing Requirement

 

Controversial Bushwick development project questioned on affordable housing goals in public hearings. On December 10, 2013, the full City Council voted 48-1 to rezone six blocks in Bushwick, Brooklyn, in order to allow the development of ten mixed-use developments. The rezoning area is bounded by Bushwick Avenue, Flushing Avenue, Melrose Street, Stanwix Street, and Forrest Street.  Council’s Committee on Land Use voted 18-1 and Land Use Subcommittee on Zoning and Franchises unanimously voted 10-0 … <Read More>

Ferris Wheel and Staten Island Revitalization Project Approved

Council gives go ahead for world’s largest Ferris wheel and outlet complex.  On October 30, 2013, City Council unanimously voted 45-0 to approve the construction of the largest Ferris Wheel in the western hemisphere, which along with other developments, is intended to transform Staten Island’s St. George Waterfront. The New York Wheel (the Wheel), designed and manufactured by Starneth, will be built just north of the Richmond County Bank Ballpark, and will provide … <Read More>

Council Approved Willets Point Development Project Modification

Council Member Julissa Ferreras praised for her successful efforts in the negotiations for a balanced transformation of the Valley of the Ashes. On October 9, 2013, the Land Use Subcommittee on Zoning and Franchises voted unanimously to approve the Willets Point Development Project application. The application was a modification of the original 2008 Willets Point application. (See CityLand’s past coverage here).  Before the Subcommittee vote, Council Member Julissa Ferreras gave a statement highlighting … <Read More>

Willets Point Special Permits Come Under Attack at City Council Hearing

Council Members voiced concern over the City’s applications to facilitate Phase 1 of the Willets’ Point Development Project. The City Council’s Land Use Zoning and Franchises subcommittee held a public hearing on September 3, 2013 on Phase 1A of the $3 billion Willets Point Development Project. The applicants, New York City Economic Development Corporation (EDC) and Queens Development Group, a joint venture of Related Companies and Sterling Equities, testified. The application is a … <Read More>

Willets Point Proposal Heard at City Planning Commission

23-acre proposal will include environmental cleanup, expressway ramps, affordable housing, and retail and entertainment complex. The City Planning Commission held a public hearing on land use actions to facilitate Phase 1 of the Willets Point Development Project on July 10, 2013. The application was submitted by the New York City Economic Development Corporation and the Queens Development Group, LLC, a joint venture of Sterling Equities and Related Companies. Phase 1, to be split into … <Read More>

Building a New Pennsylvania Station for the 21st Century

The decision to demolish Penn Station nearly 50 years ago haunts New York City today as we grapple with the need to expand our rail transit capacity in the 21st century. The current version of Penn Station, pinned beneath Madison Square Garden, is not merely an unsightly and unwelcoming entrance to our City, it is an overburdened facility that is incapable of being expanded with Madison Square Garden at its current location. That is why … <Read More>