Infrastructure

George Washington Bridge Bus Station

Opening of Renovated George Washington Bridge Bus Station in Washington Heights Pushed Back to December

Back in October of 2014, multiple retail tenants were revealed for spaces in the renovated George Washington Bridge Bus Station, located in between West 178th Street and West 179th Street in Washington Heights. At the time, it was set to fully open in 2015. Construction on the terminal has been further delayed, pushing the opening date to December of 2016, according to DNAinfo. The Port Authority of New York & New Jersey and a partnership between SJM Partners and Slayton Ventures expects portions of the terminal to open to the public in phases, with tenants moved in before 2017. The property will see its retail space expanded from 30,000 to 120,000 square feet across three levels, and retailers include GAP, Marshalls, Blink Fitness, Buffalo Wild Wings, Café 178th Street, Time Warner, GWB Juice Bar, VS Berry Frozen Yogurt, First Financial, and many other shops, eateries, and services. The terminal currently serves to connect NJ Transit buses and other carriers to the A/1 subways and MTA buses.



Long Island Offshore Wind Farms

81,000 Acres of Ocean South of Long Island Designated for Offshore Wind Farming

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has proposed an 81,000-acre swath of the Atlantic Ocean located 11 miles south of Long Beach, Long Island, to be the site of future wind energy development. The area could be turned into an offshore wind farm, but not before a lengthy approval process is complete, according to the LI Herald. A developer would first have to design plans to build a wind farm, then lease a given area, trek through the required review steps, and obtain the proper approvals, at which point construction could finally begin. The entire process is estimated to take 10 years from start to finish. At this point, BOEM will conduct an environmental assessment to study the impacts of leasing the area. In 2013, BOEM launched a Request for Interest to gage the desirability to build wind farms. Multiple developers, including the New York Power Authority, have expressed interest.


LaGuardia Airport

Port Authority Approves Plans To Rebuild LaGuardia Airport, East Elmhurst

In the summer of 2015, plans to build a new LaGuardia Airport were revealed along with other transportation infrastructure, including a 24-hour ferry service and an AirTrain, that would serve to link the East Elmhurst airport to the rest of the city. The Port Authority of New York & New Jersey (PANYNJ) has officially approved the project, which was recently estimated to cost upwards of $5.3 billion, Crain’s reported. As part of the deal to approve the project, the Port Authority agreed that it redevelop the Port Authority Bus Terminal in Manhattan, shooting down any chance that it would be rebuilt for much cheaper in New Jersey. As for the airport, the Central Terminal Building is phase one of the greater redevelopment and is expected to be finished by 2021. Terminals C and D will be built after that.

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Triangle Park

Deal Reached For Triangle Park Multi-Building Mixed-Use Development, Newark

Early last year, the Newark City Council approved plans to build a 2.5-acre park in the city’s downtown. It would connect Prudential Center to the Ironbound’s Peter Francisco Park by bridging over Newark Penn Station, but it would also serve as the centerpiece of a multi-building mixed-use development of the surrounding vacant blocks. Last week, the city of Newark struck a deal with Edison Properties and J&L Parking Corporation to development the buildings, Newark Patch reports. Details on the new buildings are sparse, but there will be a significant number of residential units, retail space, and possible office space. Construction is expected to commence later this year and completion is tentatively set for July of 2018. The Newark Community Economic Development Corporation will head the construction of the park, being designed by MKW + Associates.


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