Search results for "New York City Economic Development Corporation"
Wheel of Misfortune
New York City’s massive Staten Island ferris wheel may never spin
Small Island, Big Money
New York plans massive mixed-use development for Governors Island
New Lab, New You
Brooklyn’s New Lab goes big with a tech hub for urban entrepreneurs
Notable alumni include:
The founders see potential for their technology to be crucial for urban developers, autonomous vehicles, public transportation, and infrastructure. It allows for real-time, constantly updated 3-D mapping of cities.
The portable solar power company creates lightweight solar panels and solar-powered solutions for people, products, and structures alike.
This company develops ergonomic solutions for injury prevention and peak performance for the industrial workforce, including the construction industry.
An architecture and urban think tank that advances ecological design in derelict municipal areas. Terreform is New Lab’s only nonprofit and its only architect-centric member.
Soundview and LES
NYC Ferry seeks approval to build docks for two new routes
New York City’s ferry service, which has seen a surge of popularity amidst the city's current transportation crisis, is looking to add two new routes that will cater to the Lower East Side, the Bronx, and Queens, by next summer, as first reported by DNAinfo.
The city’s Economic Development Corporation (NYEDC) filed an application with the Army Corps of Engineers earlier this month to expand the NYC Ferry service by building docks along the Soundview and Lower East Side route.
The Soundview route will stop at Clason Point, East 90th Street, East 62nd Street, and terminate at Wall Street’s Pier 11. The Lower East Side route will make stops at Long Island City, East 34th Street, Stuyvesant Town, Corlears Hook, and also end at Wall Street. The application also included a request to construct 22 floating docks for a “homeport” and boat barge at the Brooklyn Navy Yard, a site that is going under extensive redevelopment.
The Army Corps is seeking comments and suggestions for the proposed new docks, one of which at the South Bronx landing is nearly 58 feet long. The responses will then be used to “issue, modify, condition, or deny a permit,” according to DNAinfo.
The ferry system is Mayor Bill de Blasio’s $55 million plan for a five-borough network that focuses on connecting residential areas to Manhattan’s business districts, as well as bringing increased transportation access to the city’s underserved communities. Rides are operated by Hornblower, a Californian company that has previously operated in New York before, and cost the same amount as a subway ride ($2.75). Current routes include an East River, Rockaway, and South Brooklyn. An Astoria ferry route is slated to begin on August 29.
This second phase of expanding NYC Ferry’s services, which only launched in May, comes after reports revealed the system had hit the one million rider mark in July. Both routes, if the application is approved, will begin next summer.
In 2015, Mayor de Blasio dedicated $115 million of funds to renovate the three million-square-foot site into a campus that would bring in commercial and industrial tenants. A former World War I military supply base, the Cass Gilbert–designed site was designed to foster an intermodal system of transferring goods between ships, trains, and trucks. The confusing circulation has previously deterred tenants from moving to the facility, and in an effort to attract more tenants, New York–based WXY is redesigning the campus's outdoor space.
WXY's new public space improvements, which span 12,000 square feet, include new seating, permeable pavement for improved stormwater runoff, and better wayfinding mechanisms for pedestrians to navigate between the ferry landing, parking, and the building. The existing landscape will be preserved where possible.
The city acquired the complex in 1981 and the New York City Economic Development Corporation (NYCEDC) is the steward of the terminal. The city has been trying to attract new tenants in its ‘Core Four’ industries: traditional manufacturing, advanced manufacturing, food manufacturing, and Made in New York (production of film, TV, and fashion). The terminal's floors are made out of reinforced concrete and can support loads of 250 to 300 pounds a square foot, making it well suited for manufacturing industries.
The renovation will bring an additional 500,000 square feet of manufacturing space by this fall. Rent hikes and small spaces have forced manufacturing companies out of the Garment District, and the city hopes the revival of Sunset Park’s many industrial spaces will aid the ailing industry, according to a New York Times report earlier this year.
“The Brooklyn Army Terminal has grown into a hotbed for modern manufacturing, diversified talent, and entrepreneurial zeal,” said NYCEDC President Maria Torres-Springer in a statement last year.
The redevelopment of BAT joins neighboring Industry City and the South Brooklyn Marine Terminal along the Sunset Park waterfront.
Long Island City’s booming waterfront could be getting yet another high-rise, mixed-use project. However, this time the developers are proposing something new: the inclusion of factory space with the shiny new apartments.
After a year-long selection process, the New York City Economic Development Corporation (NYEDC) chose developers TF Cornerstone (TFC) to lead the $925 million mixed-use development on the 4.5-acre site at 5-40 44th Drive and 4-99 44th Drive, as first reported by the New York Times. ODA, Handel Architects, and Mathews Nielsen Landscape Architects are the architects.
TF Cornerstone’s proposal will see a 1.5-million-square-foot, two-building complex with 1,000 rental apartments as well as 100,00 square feet of light manufacturing space. There will also be 400,000 square feet of offices, 19,000 square feet of stores, an elementary school, and a one-acre waterfront park along the Anable Basin on the East River.
The two towers are planned to rise to around 65 stories and 50 stories but will taper towards the top. The apartments will range from studios to three-bedroom units and 25 percent of the units will be below market rate in accordance with the EDC's Request for Proposal (RFP).
“One of the primary goals of this project is to support the commercial, technology, artisan, and industrial businesses of Long Island City, while also balancing that work environment with [the] market and affordable housing,” Jake Elghanayan, principal at TFC, said in a press release. TFC will also be working with three other development partners: Greenpoint Manufacturing and Design Center, Coalition for Queens, and BJH Advisors.
New York’s current zoning laws separate housing and manufacturing industries, creating clear boundaries in the city as to where factories can be. This project, which still has years to go before construction starts, will require rezoning approval to include manufacturing space in the development. If all goes according to plan, however, the project is expected to be completed by 2022.