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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

Statement on City Council Approval of Bedford Union Armory Redevelopment Project

The New York City Council approved the de Blasio Administration's plan to redevelop the Bedford Union Armory into a community recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation issued the following statement

Statement on City Council Approval of Bedford Union Armory Redevelopment Project

The New York City Council approved the de Blasio Administration's plan to redevelop the Bedford Union Armory into a community recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation issued the following statement

Statements on the Approval of the Bedford Union Armory Project by the City Council...

On Tuesday, November 21, 2017, the City Council Land Use Committee and Planning Subcommittee approved the de Blasio Administration's plan to redevelop the Bedford Union Armory as an affordable recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation and the Department of Housing Preservation and Development issued the following statements

Statements on the Approval of the Bedford Union Armory Project by the City Council...

On Tuesday, November 21, 2017, the City Council Land Use Committee and Planning Subcommittee approved the de Blasio Administration's plan to redevelop the Bedford Union Armory as an affordable recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation and the Department of Housing Preservation and Development issued the following statements

City Council Approves Bronx Point, a Mixed-Use Project on the Lower Concourse North Site

Bronx Point will deliver up to 1,000 units of housing, including hundreds of units of deeply affordable housing, world-class open space on the Harlem River Waterfront, cultural destinations and will create over 150 permanent jobs and over 1,200 constru...

City Council Approves Bronx Point, a Mixed-Use Project on the Lower Concourse North Site

Bronx Point will deliver up to 1,000 units of housing, including hundreds of units of deeply affordable housing, world-class open space on the Harlem River Waterfront, cultural destinations and will create over 150 permanent jobs and over 1,200 constru...

City Council Approves Bronx Point, a Mixed-Use Project on the Lower Concourse North Site

Bronx Point will deliver up to 1,000 units of housing, including hundreds of units of deeply affordable housing, world-class open space on the Harlem River Waterfront, cultural destinations and will create over 150 permanent jobs and over 1,200 constru...

Statement on City Council Approval of 126th Street African Burial Ground Memorial and Mixed-Use...

The New York City Council today approved a zoning application for the development of a portion of land in East Harlem that was once the site of an African Burial Ground that dates back to the seventeenth century. The 126th Street African Burial Ground...

Statement on City Council Approval of 126th Street African Burial Ground Memorial and Mixed-Use...

The New York City Council today approved a zoning application for the development of a portion of land in East Harlem that was once the site of an African Burial Ground that dates back to the seventeenth century. The 126th Street African Burial Ground ...

Statement on City Council Approval of 126th Street African Burial Ground Memorial and Mixed-Use...

The New York City Council today approved a zoning application for the development of a portion of land in East Harlem that was once the site of an African Burial Ground that dates back to the seventeenth century. The 126th Street African Burial Ground...

The de Blasio Administration and Council Member Richards Announce Approval of the Downtown Far...

The de Blasio Administration and Council Member Donovan Richards today announced that the Downtown Far Rockaway Redevelopment Project has been approved by the New York City Council, the final necessary vote of the City’s Uniform Land Use Review Procedure (ULURP) process.

The de Blasio Administration and Council Member Richards Announce Approval of the Downtown Far...

The de Blasio Administration and Council Member Donovan Richards today announced that the Downtown Far Rockaway Redevelopment Project has been approved by the New York City Council, the final necessary vote of the City’s Uniform Land Use Review Procedure (ULURP) process.

Statement on the Approval of the Downtown Far Rockaway Rezoning by the City Council...

“Through this plan, Downtown Far Rockaway is finally getting the investment it deserves, with new jobs and mixed-income housing, open space and community facilities. We are proud to have collaborated with Council Member Richards and community leaders to develop a vision for a more vibrant and equitable Downtown Far Rockaway, and to now make that vision a reality.”

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...

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Cotton Medical Center, Meridian’s 115,000-square-foot, two-building medical office complex located at 50 Alessandro Place and 50 Bellefontaine Street in Pasadena, California, won the award for “Best Renovated or Repurposed Healthcare Facility.” Located in Los Angeles County, this renovation was Meridian’s first ambulatory out-patient value-add medical office acquisition in Southern California.