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    Search results for "EDC"

    [Update] EDC Seeking Developer for Large Rooftop Farm in Hunts Point

    Economic Development Corporation  •  Request for Proposals  •  Hunts Point, Bronx

    Site of future rooftop farm in Hunts Point

    Opportunity to develop and operate a rooftop farm on a 200,000 sq.ft. building near the Halleck Industrial Development Site. On June 11, 2012, the Economic Development Corporation issued a request for proposals for the development and operation of a year-round rooftop farm on a 200,000-square-foot City-owned warehouse along the East River in the Hunts Point section of the Bronx. The farm would be located on the roof of 600 Food Center Drive, which is currently occupied by Sultana Distribution and Citarella. EDC anticipates executing a lease with the chosen developer by the end of the summer of 2012, with construction beginning in the fall of 2012. The site is south of the Halleck Industrial Development Site, which is subject to a separate, and ongoing, EDC request for proposals process. (See CityLand’s coverage of the Halleck Industrial Development Site RFP here).

    The warehouse’s lot is zoned M3-1, which permits heavy manufacturing uses. According to EDC, a rooftop farm or greenhouse would be permitted as-of-right on the warehouse.  The warehouse is located within the boundary of the Hunts (more…)

    Tags : Economic Development Corporation, Hunts Point Cooperative, Rooftop Farm
    Date: 06/22/2012
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    EDC lease of Hunts Point Space to Baldor approved

    Court Decisions  •  EDC  •  Hunts Point, Bronx

    Competitor challenged procedures in EDC’s selection of Baldor for South Bronx lease. The New York City Economic Development Corporation issued a request for proposals for a long-term lease of two parcels across the street from the City Terminal Market at Hunts Point in the Bronx. Baldor Specialty Foods and the Hunts Point Terminal Produce Cooperative Association, among others, submitted proposals. EDC chose Baldor after deciding that it had submitted the most competitive lease package. Baldor, which offered the most rent money, would invest between $5 to $7 million in infrastructure improvements, would retain 510 employees and add another 450 within three years, and offered to sell or lease its existing facility to displaced Bronx Terminal Market wholesalers. In contrast, the Cooperative offered to combine the premises with the existing Terminal Market. This proposal would require significant reconfiguration and cost $400 million, which the Cooperative proposed should be financed by City, state and federal monies.

    After EDC announced its decision to award the lease to Baldor, the Hunts Point Cooperative filed an article 78 petition, claiming that EDC conducted a sham bidding process, that its proposal was more beneficial than Baldor’s, that the RFP’s seven-day response period, instead of the usual 60-day period, showed the decision was predetermined, and that Baldor, the City and EDC had entered into a side agreement to quell the controversy over the displaced Bronx Terminal Market wholesalers. (more…)

    Tags : 2006 NY Slip Op 08073, Baldor, City Terminal Market, Hunts Point Cooperative, Hunts Point Term. Produce Coop. Assn. v. EDC
    Date: 12/15/2006
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