Economic Development Corporation

Permits Filed for a Two-Tower Development at 495 11th Avenue in Midtown West, Manhattan

Permits have been filed for 495 Eleventh Avenue, a pair of mixed-use residential skyscrapers atop of a five-story podium in Midtown West, Manhattan. Located between West 39th and 40th Streets, the two towers will stand 680 feet tall and 57 stories, and 653 feet tall and 56 stories. NYC Economic Development Corporation is listed as the owner behind the applications.

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Times Square Theater’s Retail Conversion and Expansion Progresses at 215 West 42nd Street in Times Square, Manhattan

Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.

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Rendering of Master Plan for Sunnyside Yard. Courtesy of Practice for Architecture and Urbanism

New Proposal Could Bring 12,000 Affordable Apartments to Sunnyside Yard in Queens

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.

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