Industrial Business Zones may not receive funding from the city unless the City Council restores it.
The city is still tallying the number of Willets Point business owners who took a final payout to relocate, officials said. A pooled $3.5 million was up for grabs for auto shop owners in the Phase 1 area of the development site who agreed to leave the Iron Triangle by the end of January.
Developers of the near decade-old $850 million Flushing Commons project have reportedly closed on a deal to buy the parking lot where the housing and retail complex will be built.
Developers of the long-stalled $850 million Flushing Commons project have filed their first permit with the city’s Department of Buildings, according to Crain’s and city officials. A DOB spokesperson said the department received and will review an application from TDC Development International and The Rockefeller Group. The near decade-old project will bring housing and retail [...]
College Point leaders fear crumbling roads in an already congested neighborhood will not be able to handle a new police tow pound that “magically appeared” out of nowhere. State Senator Tony Avella said NYPD tow trucks have been bringing cars in and out of College Point Corporate Park for more than two weeks without first [...]
A Bayside developer has been tapped to transform a vacant Flushing property into a mixed use development. The New York City Economic Development Corporation (NYCEDC) announced it has selected Success 88 LLC, headed by Betsy Mak, to turn an abandoned site at 135-15 40th Road into 12,000-square-feet of community, commercial and retail space. “Flushing continues [...]
Seth Pinsky, president of the New York City Economic Development Corporation (NYCEDC), made clear that as business sectors based in the city move forward, technology will become more crucial. “As we like to say at EDC: whereas in the past the technology industry was a sector; increasingly, today, the economy itself is the tech sector.” [...]
The battle against the behemoth billion dollar Barclays Center has long been lost for some Brooklynites, but leading opponents of the project are hoping the war waged against the city will be won in Willets Point. “Fight to the bitter end,” said Donald O’Finn, one of 14 Brooklyn plaintiffs that took state developers to court [...]
Tech start-up companies, escaping steep Manhattan rents and expanding Queens-born businesses, are setting up shop in Long Island City. “It has a pioneering and innovative spirit,” said Coalition for Queens founder Jukay Hsu of the neighborhood’s energy. The creator of the non-profit organization, responsible for fostering the tech community in the borough through raising awareness [...]