Economic Development Corporation

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

7:30 am on January 3, 2021 By Michael Young

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.

Rendering of Steiner Studios - Dattner Architects

Steiner Studios Announces 500,000-Square-Foot Production Facility in Sunset Park, Brooklyn

8:00 am on August 23, 2020 By Sebastian Morris

Steiner Studios has partnered with Dattner Architects to complete a 500,000-square-foot productions studio at Bush Terminal in Sunset Park, Brooklyn. The new facility will arrive as Steiner Studios’ second New York City outpost and its first in the “Made in New York Campus,” which is expected to open in 2021.

Rendering of Bronx Point - S9 Architecture

Bronx Point Complex Achieves WEDG Certification for Sustainable Waterfront Design

7:00 am on May 27, 2020 By Sebastian Morris

A 1,045-unit housing complex known as Bronx Point is now recognized as the first and only affordable housing project to achieve WEDG certification. The rating system was founded by the Waterfront Alliance, an independent offshoot of The Municipal Art Society of New York, that establishes guidelines for ecologically friendly waterfront design and construction.

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

8:00 am on March 4, 2020 By Vanessa Londono

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.

Permits Filed for 215 West 42nd Street in Times Square, Manhattan

7:00 am on February 6, 2020 By Vanessa Londono

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 Filed for 298 Halleck Street in Hunts Point, The Bronx

7:00 am on December 4, 2019 By Vanessa Londono

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.

Rendering of Union Square Tech Training Center at 124 East 14th Street

Construction Begins on Union Square Tech Training Center at 124 East 14th Street

7:30 am on August 16, 2019 By Sebastian Morris

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 Filed for 1047 Beach 21st Street in Far Rockaway, Queens

6:30 am on June 25, 2019 By Vanessa Londono

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.

40,000 New Jobs Projected for Long Island City by 2033 as TF Cornerstone Selected To Develop Amazon’s HQ2

8:00 am on November 14, 2018 By Sebastian Morris

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 44^th Road, all the way to 46^th Avenue.

Restoration Announced for Historic Times Square Theater at 215 West 42nd Street

7:30 am on September 20, 2018 By Sebastian Morris

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.

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