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Economic Development Corporation

Recent Headlines
Willets Point »

$43M in Tax Breaks Approved for Willets Point Developers

The EDC voted to approve tax breaks for the developers on Tuesday.

Willets Point »

Dozens of Willets Point Shop Owners Eyeing Hunts Point Warehouse

A large warehouse in Hunts Point could be the future home of 60 auto body shops from Willets Point.

Parkchester »

Steel Firm Sues City After Scrapping Deal to Build Ironworker Hub in Bronx

The city backtracked on a deal that would create nearly 100 jobs, Ideal Steel Supply Corp. said.

South Street Seaport »

Developer Plans 50-Story Hotel and Apartment Tower in Seaport

The Howard Hughes Corporation's long-anticipated plans for the Seaport include a 50-story tower.

Corona »

Willets Point Could Be the Next 42nd Street, EDC President Says

While the finished neighborhood will be “very different” from Times Square, the approach is similar.

East Harlem »

Mount Sinai Scientists Push for East Harlem Biotech Incubator

East Harlem can be a biotech hub rivaling those in San Francisco and Boston, a group of scientists says.

Battery Park City »

Liu Shoots Down Bid to Use Affordable Housing Cash for Pier A Overhaul

Pier A needs another $5 million to move forward, but Comptroller John Liu rejected the funding plan.

Arverne »

City to Study Extending Ferry Service to Eastern Rockaway, Councilman Says

The Economic Development Corporation will examine whether a second stop would make sense.

Bloomfield »

City Seeks Developers to Restore Staten Island Marsh

The pilot project will restore an estimated to 5 to 10 acres of wetlands from Saw Mill Creek Marsh.

Upper West Side »

Trendy Bargain Clothing Store Brandy Melville Opening on Upper West Side

The retailer is paying above market rent to lease a space on Broadway and 104th Street from the city.

South Street Seaport »

Developer Must Reveal Plans for Historic Seaport Sites by Summer, City Says

Howard Hughes Corp. has until June 30 to stake its claim on the New Market and Tin buildings.

Battery Park City »

New West Thames Pedestrian Bridge Will Begin to Rise in November

The West Thames Street pedestrian bridge is moving ahead after years of delays.

Financial District »

New Waterfront Cafes and East River Esplanade Slated to Open by Summer

The 2-mile East River Waterfront Esplanade will be complete by 2014, officials said.

Central Harlem »

Robust Interest in Redeveloping Gas Station near Central Park, EDC Says

Several developers expressed interest in building housing, retail and community space at the site.

Springfield Gardens »

City Begins $69M 'Green' Sewer Upgrade in Southern Queens

The city is beginning work on an upgrade to Springfield Gardens' water and sewer infrastructure.

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