New York City Economic Development Corporation

50 West Street

Public Plaza, Pedestrian Bridge Outside 50 West Street Revealed, Financial District

Now that exterior work has completed on 50 West Street – the 64-story, 191-unit mixed-use tower dubbed simply “50 West” under development in the Financial District – crews are now focused on building a 6,800-square-foot public plaza around the base of the building and a pedestrian bridge over West Street (a.k.a. the West Side Highway). Renderings of the spaces have been revealed by the Wall Street Journal. The 24-hour plaza will feature an art gallery, a café, vegetation, and seating. The pedestrian bridge, dubbed the West Thames Street Bridge, will feed directly into the plaza. It will boast steel structural supports and a glass roof and walls. The New York City Economic Development Corporation (NYCEDC) is building the new pedestrian bridge, which will replace the Rector Street bridge located a block northward. Demolition of the Rector Street bridge and construction of the new one is expected to last two years.


65 East 149th Street

City Seeks Affordable Mixed-Use Building for 65 East 149th Street, Lower Concourse

The New York City Economic Development Corporation (NYCEDC) and the Department of Housing Preservation and Development (HPD) have launched a request for expressions of interest (RFEI) for the 158,000-square-foot development site at 65 East 149th Street, located in the South Bronx’s Lower Concourse section. The hope is for a development team to propose a mixed-use building with an assortment of affordable residential units, commercial space, and community facilities, DNAinfo reported. In addition, there will have to be public open space, which will hopefully be in the form of a waterfront esplanade (the site fronts the Harlem River). Infrastructure upgrades are also part of the project. The vacant site is located five blocks from the 149th Street-Grand Concourse stop on the 2 and 5 trains. Responses are due by October 11.


The Lowline

Lower East Side’s Lowline Underground Park Moves Forward with First City Approval

The New York City Economic Development Corporation (NYCEDC) and Mayor Bill de Blasio’s Executive Office of Housing and Economic Development (EOHED) have selected the team behind the Lowline proposal to lease the vacant, 60,000-square-foot Williamsburg Bridge Trolley Terminal, located under Delancey Street between Clinton and Norfolk streets on the Lower East Side. This marks the first city approval for the project, bringing it significantly closer to reality. The public park would take up roughly 43,500 square feet of the abandoned terminal.


3052 West 21st Street

Ford Amphitheater on Coney Island Boardwalk Opens for Business at 3052 West 21st Street

Last week, the open-air Ford Amphitheater on the Coney Island Boardwalk, at 3052 West 21st Street in southern Brooklyn, held its ribbon-cutting ceremony. The 5,000-seat venue debuted its first show, Impractical Jokers, on Friday. Live Nation is operating the amphitheater, according to Crain’s, and the location now serves as the new home of Seaside Summer Concert Series, which hosts free shows during the summer months. The three-story former Childs Restaurant Building, an individual landmark, was renovated and incorporated into the new amphitheater structure. The 90,164-square-foot building will also feature a restaurant on the ground floor and the rooftop, although it’s unclear when that will open. The rest of the property includes 40,000 square feet of public open space. The project is the work of iStar Financial, the nonprofit Coney Island USA, and the New York City Economic Development Corporation (NYCEDC). Gerner, Kronick + Valcarcel (a.k.a. GKV Architects) is the architect of record.


19 East Houston Street

Developers Close on Acquisition of 19 East Houston Street, Site of Approved Six-Story Commercial Project, SoHo

Back in October of 2014, developers of the planned six-story, multi-use commercial building at 19 East Houston Street, in SoHo, met with city and community officials and agreed to limit the project’s retail space to under 10,000 square feet, as well as widen the sidewalk. That was after the City Planning Commission already approved the proposal with more retail in August of 2014. Last week, Madison Capital and Vornado Realty Trust closed on the purchase of the triangular, 6,174-square-foot development site for $25.8 million from the New York City Economic Development Corporation (NYCEDC), the Wall Street Journal reports. The latest building permits indicate a 98-foot-tall, 41,267-square-foot building is planned. The commercial space will be broken up between 11,500 square feet of retail space on the cellar through second levels, and 22,751 square feet of boutique office space on the third through sixth floors.

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