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NYCEDC

New York City Economic Development Corporation (NYCEDC) is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

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Phone: (212) 619-5000

NYCEDC Announces Plan to Bring First of its Kind Industrial-Commercial-Residential Project to Long Island...

New York City Economic Development Corporation (NYCEDC) today announced a plan to transform two City-owned sites on the Long Island City waterfront into a groundbreaking mixed-use project that combines industrial and commercial office with residential ...

NYCEDC Announces 450,000-Square-Foot Office Building and School in Downtown Brooklyn

New York City Economic Development Corporation (NYCEDC) today announced the sale of 420 Albee Square to JEMB Realty Corporation (JEMB). The development at 420 Albee Square, which was recently unveiled by JEMB as One Willoughby Square (One Willoughby), ...

Mayor de Blasio and Council Member Ydanis Rodriguez Release Inwood NYC 2017 Action Plan

Mayor Bill de Blasio, New York City Economic Development Corporation President and CEO James Patchett, and City Council Member Ydanis Rodriguez today unveiled the Inwood NYC 2017 Action Plan which outlines neighborhood-wide goals and strategies that will build on Inwood’s strengths and address pressing challenges – including outdated zoning and rising rents, antiquated infrastructure, support for small businesses, workforce development and access to the Harlem River waterfront.

NYCEDC Announces First Emerging Developer Loan Fund Recipient

New York City Economic Development Corporation (NYCEDC) announced the first recipient to receive a low-interest loan through the Emerging Developer Loan Fund (EDLF). The project, 1193 Fulton Avenue Residence LLC, will be a nearly 21,000 square foot, 10...

NYCHA ANNOUNCES DEVELOPER SELECTION AT HOLMES TOWERS FOR NEXTGEN NEIGHBORHOODS PROGRAM, RAISING CRITICALLY NEEDED...

The New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) announced Fetner Properties as the developer for the first NextGeneratio...

Statement on Manhattan Community Board 11 Conditional Approval of 126th Street African Burial Ground...

“We've taken a significant step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and good jobs for East Harlem residents. We're grateful for the support of Community Board 11 and neighborhood residents, and look forward to continuing our partnership with Speaker Mark-Viverito and the Harlem African Burial Ground Task Force to make this project a reality,"

NYCEDC and HPD Announce Commitment to Bring Affordable Housing to East Harlem

New York City Economic Development Corporation (NYCEDC) President James Patchett and Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced a commitment to bring deeply affordable housing to the site...

Model Citywide Ferry Boat Sets Sail For Manhattan Borough President’s Office

New York City Economic Development Corporation (NYCEDC) and Manhattan Borough President Gale Brewer today announced that a model of the new Citywide Ferry boats will be on display in the lobby of the Borough President’s office as part of a multi-borough tour. The scale model of the ferry vessel will be docked on the 19th floor of the Manhattan Municipal Building through March 10th.

NYCEDC, HPD & HDC Release Plans to Transform NYPD Parking Garage Into 100% Affordable...

New York City Economic Development Corporation (NYCEDC), Department of Housing Preservation and Development (HPD), and Housing Development Corporation (HDC) today announced plans to transform an underutilized New York Police Department (NYPD) parking g...

NYCEDC Seeks Proposals To Bring Mixed-Income Housing and Open Space To Long Island City

New York City Economic Development Corporation (NYCEDC), in partnership with the Metropolitan Transportation Authority (MTA), today issued a request for proposals (RFP) for the development of a 58,000 square foot site in Long Island City, Queens. Activ...

Mayor De Blasio Appoints Maria Torres-Springer Next Commissioner For Department of Housing Preservation And...

Mayor Bill de Blasio today announced Maria Torres-Springer will serve as the next Commissioner of the Department of Housing Preservation and Development when its current commissioner, Vicki Been, returns to teaching at New York University. The mayor is...

NYCEDC Announces Plan to Transform Former Spofford Juvenile Detention Center Into Vibrant, Live-Work Campus

New York City Economic Development Corporation (NYCEDC) and the Department of Housing Preservation and Development (HPD) today announced plans to transform the former Spofford Juvenile Detention Center in the Hunts Point section of the Bronx into a 5-a...

NYCEDC Selects Bartlett Dairy to Develop JFK North Site

The New York City Economic Development Corporation (NYCEDC) today announced the selection of Bartlett Dairy and Food Service, a family-run local business, to develop a 56,000 square foot distribution and manufacturing center on a significant portion of...

NYCEDC, Council Member Richards, Local Elected Officials And City Commissioners Announce Roadmap For Action...

NYCEDC President Maria Torres-Springer, Council Member Donovan Richards, other local elected officials, City Planning Commission (DCP) Chairman Carl Weisbrod and Department of Housing and Preservation (HPD) Commissioner Vicki Been today announced the R...

$245,000 in Outdoor Access Projects Complete, Expanding Recreational Opportunities Across the State

Four outdoor access projects to make outdoor recreational sites more accessible to New Yorkers of all abilities are now complete, Department of Environmental Conservation (DEC) Commissioner Joe Martens announced today. The $245,000 in projects are part...

De Blasio Administration And Borough President Katz Announce Neighborhood Action Plan For Jamaica, Queens

Mayor Bill de Blasio, Queens Borough President Melinda Katz, and Deputy Mayor for Housing and Economic Development Alicia Glen today announced the launch of the Jamaica Now Action Plan, which outlines 21 strategic actions for the revitalization and gro...

De Blasio Administration Launches Major Funding Initiative to Create Thousands of Jobs in City’s...

Leading Life Sciences Venture Capital Firms to Manage $150 Million Public-Private Partnership and Establish Presence in NYC, Bolstering City as a Global Industry Leader. Commitment to Expand Current R&D Space by Approximately 150 Percent, Catalyzi...

NYCEDC Announces Request For Proposals to Revitalize 137 Centre Street in Lower Manhattan

New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the community, revitalizes an underutilized City property, and m...

RFP Seeks Proposals to Redevelop Centrally Located, High-Density Site in the Heart of Lower...

WASHINGTON, D.C. - February 23, 2015 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the co...

NYCEDC Announces Sale of Vacant Mill Basin Property to Developer to Create State-of-the-Art Auto...

New York, NY - April 9, 2013 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the sale of a 110,000 square foot parcel of underutilized, City owned property in the Mill Basin neighborhood of Brooklyn to Bica...

Mayor Bloomberg Joins Phipps Houses, Related Companies And Monadnock Construction to Break Ground On...

New York, NY - March 5, 2013 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, and Department of Housing Preservation and Development Commissioner Mathew M. Wambua were joined today by New York ...

NYCEDC and HPD Announce Release of Request for Proposals to Develop 1.65 Million Square...

New York, NY - January 10, 2012 - (RealEstateRama) -- New York City, January 9, 2013 – New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) today announced the next major step in transforming the larg...

New York City Economic Development Corporation Selects Developer to Transform Vacant Flushing Property into...

New York , NY - December 19, 2012 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the selection of Success 88 LLC, a local Queens developer, to transform a vacant property in the heart of Flushing, Queens i...

Build NYC Approves Tax-Exempt Financing For Four New York City Non-Profit Institutions

New York, NY - July 25, 2012 - (RealEstateRama) -- Build NYC Resource Corporation (Build NYC) today approved approximately $75.6 million in tax-exempt financing to assist four New York City non-profits. Seaview Senior Living Housing Development Fund Co...

NYCEDC Seeks Proposals to Reactivate a Vacant Property in Flushing, Queens

New York, NY - December 8, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and redevelopment of an approximately 2,500 square foot property located at 135...

NYCEDC Seeks Developer For Corn Exchange Building in East Harlem

New York, NY - March 24, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) issued a Request for Expressions of Interest (RFEI) for the purchase or ground lease, and redevelopment of the Corn Exchange Building in East Harlem. The building, located on the northwest corner of the intersection of Park Avenue and East 125th Street, is a city landmark built in 1883. The lot is approximately 4,500 square feet and is zoned for residential and commercial uses.

Mayor Bloomberg, Deputy Mayor Steel, Deputy Mayor Goldsmith, and Borough President Markowitz Announce Plan...

December 7, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Deputy Mayor for Operations Stephen Goldsmith and Brooklyn Borough President Marty Markowitz today announced a plan to transform part of the City-owned Brooklyn Municipal Building into a vibrant retail use. The City issued a Request for Proposals (RFP) today seeking a developer or commercial business to buy or lease 37,000 square feet on the ground floor and second floor of the building at 210 Joralemon Street in Downtown Brooklyn.

NYCEDC Seeks Developer For Willoughby Square Project

New York, NY - September 23, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for a developer to construct an approximately 1.15-acre street-level public space to be located on top of underground parking garage that it will also construct and operate.

NYCCRC Approves $19.7 Million in Recovery Zone Bond Assistance for Construction of Harlem Hotel

New York City, NY - June 8, 2010 - (RealEstateRama) -- The Board of the New York City Capital Resource Corporation (NYCCRC) today gave preliminary approval for ESmith Legacy Harlem LLC to receive an allocation of up to $19.7 million in Recovery Zone Facility Bonds to assist in the development and construction of an approximately 100,000-square-foot hotel on a 32,500-square-foot vacant parcel of land located at 100 West 125th Street in Harlem.

NYCEDC Seeks Developer for Bathgate Site in the Bronx

New York NY - June 2, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the purchase and development of an approximately 109,000-square-foot vacant industrial property located in the Bathgate section of the Bronx.

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The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases ...