Community Board 7’s Land Use Committee told developers of Willets Point they need to return with more answers on the proposed project before the board makes a decision. Committee members particularly want more information about parking, traffic flow and transplanting the plethora of small business owners within the Iron Triangle. Chuck Apelian, first vice chair [...]
Redevelopment of Willets Point will now go through a rigorous review process after its study was approved by the Department of City Planning (DCP). The plan, approved by DCP on Monday, March 18, will first go to Community Board 7, which includes Willets Point, for an advisory vote. Borough President Helen Marshall will then get [...]
Rumors of Walmart setting up shop in Willets Point were quickly put to an end, after reports that the megastore was in talks with the developers about anchoring a store at Willets West. The Queens Development Group, a joint venture between Related Companies and Sterling Equities, said in a statement that there has been no [...]
More than 12,000 construction jobs and 7,000 permanent jobs will come from the proposed Willets Point renovation, Mayor Michael Bloomberg said, which includes retail space, a hotel and quicker access to the Van Wyck Expressway. The reconstruction — to be funded by $3 billion in private investment, as well as $100 million in city capital [...]
A new deal has been reportedly struck between the city and a real estate firm to redevelop Willets Point into a mixed-use retail and housing hub, according to reports. The city rescinded its bid two weeks ago to acquire and develop Willets Point through Eminent Domain, and instead, according to published reports, has reached an [...]
