New York City Economic Development Corporation
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New York City Economic Development Corporation
New York City Economic Development Corporation (NYCEDC) is a public-benefit corporation that serves as the official economic development organization for New York City. NYCEDC gives its mission as strengthening business confidence in New York City, diversifying the city's economic sectors, and delivering sustainable infrastructure History NYCEDC was formed in 1991 as the result of a merger of two major non-profit and a handful of minor corporations which performed economic development services for the City. One of the major merger partners was the Public Development Corporation (PDC), formed in 1966 to rescue the City from its then-deteriorating economy by selling City property and leasing industrial space. PDC was responsible for construction of the Nassau Street Mall, the Brooklyn Army Terminal, Jamaica Center, and the South Street Seaport, among other activities. The second major merger partner was the Financial Services Corporation (FSC) originally formed in 1979 as the ...
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Nonprofit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ...
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Willets Point, Queens
Willets Point, also known locally as the Iron Triangle, is an industrial neighborhood within Corona, in the New York City borough of Queens. Located east of Citi Field near the Flushing River, it has been known for its automobile shops and junkyards. It had a population of 10 people in 2011. Proposals to redevelop Willets Point started after World War II, but gained full traction in 2007. New York City Council members and the few residents of the area strongly opposed the original plan, leading to several years of lawsuits. In 2011, the city began a $4 billion redevelopment project to construct a retail shopping center, residential buildings with a combined 3,000 units, an entertainment complex, and a public school. The New York City Economic Development Corporation's plan to redevelop the area was approved in 2013, and demolition of the industrial section of Willets Point began in 2016. The new development was originally set to open in stages between 2018 and 2032. Howeve ...
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Hunter's Point South
Hunter's Point South is a mixed-use development situated on approximately 30 acres of prime waterfront property in in Long Island City, the westernmost neighborhood of the New York City borough of Queens. Up to 5,000 housing units, 60 percent of which will be affordable to middle class, are expected to be developed on the site. As of Spring 2017, the project had attracted $2 billion from private investors.Garfield, Leanna (April 6, 2017"11 billion-dollar mega-projects that will transform New York City by 2035"''Business Insider'' Hunters Point South is part of the greater Queens West project and district. Description The plan calls for a 10-year build-out of 5,000 dwelling middle-income units, 1,100-seat intermediate/high school, waterfront park of , for commercial development, of community space. A November 2008 ''New York Times'' article reported that critics of the plan said it goes too far in benefiting middle-class households at the expense of lower-income ones, wh ...
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Jamaica, Queens
Jamaica is a neighborhood in the New York City borough of Queens. It has a popular large commercial and retail area, though part of the neighborhood is also residential. Jamaica is bordered by Hollis, St Albans, and Cambria Heights to the east; South Jamaica, Rochdale Village, John F. Kennedy International Airport, and Springfield Gardens to the south; Laurelton and Rosedale to the southeast; Richmond Hill, South Ozone Park, and Aqueduct Racetrack to the west and southwest; Briarwood to the northwest; and Kew Gardens Hills, Jamaica Hills, and Jamaica Estates to the north. Jamaica's original designation was for an area greater than the current neighborhoods, and was settled under Dutch rule in 1656. It was originally called '. Under English rule, Jamaica became the center of the "Town of Jamaica"; the name is of Lenape origin and wholly unrelated to that of the country. It was the first county seat of Queens County, holding that title from 1683 to 1788, and was ...
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The Hub, Bronx
The Hub is a major commercial center for the South Bronx, New York (state), New York. It is located where four roads converge: East 149th Street, Willis Avenue, Melrose Avenue, and Third Avenue, Third Avenues. It is primarily located inside the neighborhood of Melrose, Bronx, Melrose but also lines the northern border of Mott Haven, Bronx, Mott Haven. The Hub, short for "the Hub of the Bronx," has also been called "the Broadway (Manhattan), Broadway of the Bronx". It is the site of both maximum traffic and architectural density. In configuration, it resembles a miniature Times Square, a spatial "bow-tie" created by the geometry of the street intersections. It is a primary shopping district for Bronx residents, and many new hip hop trends can be found in the Hub long before they spread to the rest of New York City and the world. The area is part of Bronx Community Board 1. History The Hub is the oldest major shopping locale in the Bronx. Between 1900 and 1930, the number of B ...
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The High Line
The High Line is a elevated linear park, greenway, and rail trail created on a former New York Central Railroad spur on the West Side of Manhattan in New York City. The High Line's design is a collaboration between James Corner Field Operations, Diller Scofidio + Renfro, and Piet Oudolf. The abandoned spur has been redesigned as a "living system" drawing from multiple disciplines which include landscape architecture, urban design, and ecology. The High Line was inspired by the long (tree-lined walkway), another elevated park in Paris completed in 1993. The park is built on an abandoned, southern viaduct section of the New York Central Railroad's West Side Line. Originating in the Meatpacking District, the park runs from Gansevoort Street—three blocks below 14th Street—through Chelsea to the northern edge of the West Side Yard on 34th Street near the Javits Center. The West Side Line formerly extended south to a railroad terminal at Spring Street, just north o ...
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Essex Crossing
Essex Crossing is a mixed-use development in New York City's Lower East Side, at the intersection of Delancey Street and Essex Street just north of Seward Park. Essex Crossing will comprise nearly of space on and will cost an estimated . Part of the existing Seward Park Urban Renewal Area (SPURA), the development will sit on a total of nine city blocks, most of them occupied by parking lots that replaced tenements razed in 1967. Essex Crossing, approved on the site of the Seward Park Urban Renewal Area, was developed by Delancey Street Associates (a joint venture of L+M Development Partners, BFC Partners, and Taconic Investment Partners). SHoP Architects and Beyer Blinder Belle designed the master plan. The development has over 1,000 housing units, including affordable housing and senior housing; commercial venues such as a bowling alley, food hall, cinema, and museum; and of publicly accessible open space. The plan was presented to the public in September 2013 by then-May ...
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125th Street (Manhattan)
125th Street, co-named Martin Luther King Jr., Boulevard is a two-way street that runs east–west in the New York City borough (New York City), borough of Manhattan, from First Avenue (Manhattan), First Avenue on the east to Marginal Street, a service road for the Henry Hudson Parkway along the Hudson River in the west. It is often considered to be the "Main Street" of Harlem. Notable buildings along 125th Street include the Apollo Theater, the Adam Clayton Powell Jr. State Office Building, the Hotel Theresa, the Studio Museum in Harlem, the Mount Morris Bank Building, Harlem Commonwealth Council, the Harlem Children's Zone, the St. Joseph of the Holy Family Church (New York City), Church of St. Joseph of the Holy Family, and the former West End Theatre (New York), West End Theatre, now home to the La Gree Baptist Church. History The street was designated by the Commissioners' Plan of 1811 that established the Manhattan grid plan, street grid as one of 15 east–west streets th ...
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Sunset Park, Brooklyn
Sunset Park is a neighborhoods of Brooklyn, neighborhood in the western part of the New York City borough (New York City), borough of Brooklyn, bounded by Park Slope and Green-Wood Cemetery to the north, Borough Park, Brooklyn, Borough Park to the east, Bay Ridge, Brooklyn, Bay Ridge to the south, and New York Harbor to the west. The neighborhood is named for a Sunset Park (Brooklyn park), public park of the same name that covers between Fifth and Seventh Avenues from 41st to 44th Street. The area north of 36th Street is alternatively known as Greenwood Heights, Brooklyn, Greenwood Heights, while the section north of 20th Street is also called South Slope, Brooklyn, South Slope. The area was initially occupied by the Canarsee band of Munsee language, Munsee-speaking Lenape until the first European settlement occurred in 1636. Through the late 19th century, Sunset Park was sparsely developed and was considered part of Bay Ridge or South Brooklyn. The arrival of elevated railwa ...
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Coney Island
Coney Island is a neighborhood and entertainment area in the southwestern section of the New York City borough of Brooklyn. The neighborhood is bounded by Brighton Beach to its east, Lower New York Bay to the south and west, and Gravesend to the north and includes the subsection of Sea Gate on its west. More broadly, the Coney Island peninsula consists of Coney Island proper, Brighton Beach, and Manhattan Beach. This was formerly the westernmost of the Outer Barrier islands on the southern shore of Long Island, but in the early 20th century it became connected to the rest of Long Island by land fill. The origin of Coney Island's name is disputed, but the area was originally part of the colonial town of Gravesend. By the mid-19th century it had become a seaside resort, and by the late 19th century, amusement parks had also been built at the location. The attractions reached a historical peak during the first half of the 20th century. However, they declined in popularity aft ...
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Hunts Point, Bronx
Hunts Point is a neighborhood located on a peninsula in the South Bronx of New York City. It is the location of one of the largest food distribution facilities in the world, the Hunts Point Cooperative Market. Its boundaries are the Bruckner Expressway to the west and north, the Bronx River to the east, and the East River to the south. Hunts Point Avenue is the primary street through Hunts Point. The neighborhood is part of Bronx Community District 2, and its ZIP Code is 10474. The neighborhood is served by the New York City Police Department's 41st Precinct. NYCHA property in the area is patrolled by P.S.A. 7 at 737 Melrose Avenue located in the Melrose section of the Bronx. History European settlement Hunts Point was populated by the Wecquaesgeek, a Munsee-speaking band of Wappinger people, until English settlers first arrived in 1663. At this time, Edward Jessup and John Richardson arrived on the peninsula and purchased the lands from the Wecquaesgeek. After Jessup ...
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