City agencies have kicked off construction on a 21-story “tech hub” at 124 East 14th Street in Manhattan, just east of Union Square. Known officially as the Union Square Tech Training Center, the project is poised to accelerate the diversification of New York City’s technology sector through the provision of education facilities, vocational training, and on-site resources for local start-ups.
Economic Development Corporation
Permits have been filed for a ten-story mixed-use building at 1047 Beach 21st Street in Far Rockaway, Queens. Located between Cornaga Avenue and Central Avenue and adjacent to the Best Western Far Rockaway Inn, the lot is one block south of the Far Rockaway Mott Avenue subway station, serviced by the A train. New York City Economic Development Corp. (EDC) is listed as the owner behind the applications. Since late 2015, the EDC has ongoing initiatives to strengthen and revitalize the Downtown Far Rockaway’s existing infrastructure by bringing new commercial and residential developments to this community.
Amazon has officially revealed its plan to develop a second headquarters along the East River banks of Long Island City, Queens. The “HQ2” corporate complex will span multiple lots and structures on Vernon Boulevard, from 44th Road, all the way to 46th Avenue.
Stillman Development International has unveiled their ambitious renovation plans for one of New York City’s oldest theaters. Located at 215 West 42nd Street, Times Square Theater was originally constructed in 1920 by Italian architect Eugene de Rosa who designed several performance centers in both Manhattan and Staten Island.
The city is resurrecting a century-old proposal to deck over the active Sunnyside Yards in Queens and develop new housing, retail, and schools on top of it. The New York City Economic Development Corporation released a study this week examining whether the project is feasible and just how much it’ll cost.