In a master plan created in part by the city’s Economic Development Corporation (EDC), 12,000 affordable apartments could be built over Sunnyside Yard in Queens. If it comes to fruitrition, it would be the largest recent development of affordable housing, to the tune of an estimated $14.4 billion. The hefty price includes the deck over the rail yard on which the residential buildings will sit, as well as the streetscape and infrastructure for utilities, a new rail station for commuter trains, multiple schools and libraries, commercial space for offices, manufacturing, and retail, and 60 acres of open space and public parks.
Economic Development Corporation
Permits have been filed for a six-story commercial building at 215 West 42nd Street in Times Square. Located between Seventh Avenue and Eighth Avenue, the interior lot is minutes from the 42nd Street subway hub, serviced by the 1, 2, 3, 7, A, C, E, N, Q, R, W, and S trains. NYC Economic Development Corporation is listed as the owner behind the applications.
Permits have been filed for a two-story greenmarket facility at 298 Halleck Street in Hunts Point, The Bronx. Located at the corner of Viele Avenue and Halleck Street, the nearest public transportation is the Longwood Avenue subway station, serviced by the 6 train. New York City Economic Development Corporation is listed as the owner behind the applications.
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.
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.