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  #61  
Old Posted Feb 20, 2016, 5:17 PM
Dale Dale is offline
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Deadline approaches for Kingsbridge Armory developer to show city it has $158M

http://therealdeal.com/2016/02/19/de...y-it-has-158m/
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  #62  
Old Posted Mar 30, 2016, 6:24 PM
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^^^^

The deadline was extended in the last couple of days.

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Mark Messier tussles with mayor over Cuomo funding for Kingsbridge

Quote:
The de Blasio administration is locked in a lease dispute over the fate of the Kingsbridge Armory — a clash that is pitting the mayor's economic development agency against a company run by hockey legend Mark Messier.

In advance of a deadline on Saturday, the New York City Economic Development Corporation (EDC) agreed to grant the Messier-run Kingsbridge National Ice Center another month to produce $138 million in funding for the first phase of the complex it plans to build at the site of the vacant armory in the Bronx.

The EDC owns the lease to the site and has so far refused to release it from escrow. The agency argues the developer has not come up with the entire $158 million it committed to in an earlier agreement with the city, but the company insists that a promise of $138 million from the Empire State Development, an agency run by Gov. Andrew Cuomo, is sufficient for the city to turn over the lease. (The remaining $20 million is coming from other sources.)

"NYCEDC offered to extend the deadline for our escrow agreement with the Kingsbridge National Ice Center in order to give them additional time to secure the financing and documentation necessary to move ahead with this project," agency spokesman Anthony Hogrebe said in an email. "We hope they will use the time effectively and look forward to continuing our work with them and with the Kingsbridge community."

[...]

"Delivery of the lease is all that remains before Kingsbridge can move forward with construction," said William Brewer, a partner at Brewer, Attorneys & Counselors. "In the meantime, the Kingsbridge team continues to invest in this project and achieve key milestones in pursuit of the Kingsbrdige National Ice Center vision."


[...]
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http://www.capitalnewyork.com/articl...ng-kingsbridge
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  #63  
Old Posted Mar 31, 2016, 7:16 AM
minhtuybds minhtuybds is offline
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When Mark Messier first announced his intentions to build a new skating complex inside the Kingsbridge Armory, it sounded crazy. This is the Bronx, after all. When it was revealed there would be eight rinks in total, it sounded insane. But the Kingsbridge National Ice Center recently launched its social media campaign—what bid for a public project would be complete without one?—and on the project’s Facebook page are a number of models that show exactly how Mr. Messier and his team intend to pull off this wild engineering feat.

At the heart of the complex will be a main rink with 5,000 seats and Madison Square Garden-sized ceilings that go clear up to the the massive buildings roof. On either side of center ice will be four more, stacked two on top of each other. All of the rinks will be NHL or Olympics regulation size. There will also be some retail concessions, which are tentatively to be filled by local businesses, as well as 30,000 square feet of community space. The whole effort underscores just how massive the armory is in the first place.
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  #64  
Old Posted Oct 18, 2016, 7:34 PM
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Crown Heights pols want Bedford Union Armory transformed into 300 affordable housing units

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Crown Heights pols are asking the city to make the controversial development project at the Bedford Union Armory 100% affordable housing.

Developers are planning to transform the massive armory into 300 new apartments, half of them with restricted rents.

U.S. Rep. Yvette Clarke, state Sen. Jesse Hamilton, and Assemblymembers Walter Mosley and Diana Richardson penned a letter to the Economic Development Corporation urging them to instead make all the apartments below market rate, since the site is owned by the city.

“Our concerns with the proposed project outweigh the supposed good that the project does in the community. Public land is a public resource, and we only have one chance to get this project correct,” they wrote, noting the parcel is the last large-scale vacant site in the fast-gentrifying neighborhood.

The project was originally set to be developed by Slate Property Group and BFC Partners.

But controversy erupted over Slate’s involvement after the developer was accused of misleading the city to get a deed restriction lifted at Rivington House, a Lower East Side nursing home they are now turning into market rate housing. Under pressure from the city, Slate dropped out of the deal.

The development has continued to generate controversy among activists who say the apartments will be too expensive for the neighborhood. The Daily News reported last month that Carmelo Anthony, who had been supporting a sports center on the site, dropped out after being targeted by community groups.

The federal and state reps also want the number of apartments that give preference to current neighborhood residents increased from 50% to 80%, and for no more than 40% of the apartments to be studios and one bedrooms.

“We stand resolutely with our constituents who will not support this project until changes are made,” they wrote.
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http://www.nydailynews.com/new-york/...icle-1.2834892
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  #65  
Old Posted Jul 14, 2017, 1:04 AM
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Mayor eyes rescue of Crown Heights armory redevelopment

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Mayor Bill de Blasio said Wednesday he intended to intervene to save a controversial plan to convert the derelict Bedford Union Armory in Crown Heights into a recreation center, nonprofit offices and housing—vowing to sell its strong points to the neighborhood.

BFC Partners' planned renovation of the city-owned property would bring a low-fee swimming pool, basketball courts and indoor soccer field as well as discounted space for community groups to an empty shell occupying an entire city block. The company would cover the costs of those elements by also building a mix of affordable and market-rate rental and condominium units on the site.

It is that last element which has provoked outrage among some residents, politicians and activists. They have assailed the use of public property to construct housing beyond the price range of many longtime community members. Protestors shut down a hearing on the development at Brooklyn Borough Hall Tuesday.

"I understand the frustrations of the community," de Blasio said at an unrelated press conference in Manhattan Wednesday afternoon. "The neighborhood has changed a lot and there's a lot of fear of displacement."

Keeping the framework of the plan as city officials envisioned it is important to the de Blasio administration because it reflects the mayor's housing policy in general: to foster mixed-income projects in which developers include affordable units and other community benefits in exchange for being allowed to build more market-rate apartments than they could without government's say-so. The mayor has promised billions of dollars in subsidies to create even more affordability, but has said subsidies alone are not enough to make a big dent in the city's housing shortage.

The project is in trouble because Councilwoman Laurie Cumbo has come out against it, demanding every unit of housing be subsidized to keep rents low. The council usually defers to the wishes of the local member—and without the council rezoning the armory site, the project cannot be built.

Cumbo appeared amenable to the armory plan last year but it has drawn opposition from the local community board, Brooklyn Borough President Eric Adams, Public Advocate Letitia James, and perhaps most importantly, from a woman seeking to challenge Cumbo in September's Democratic primary.

But the mayor maintained that his office could and would change hearts and minds by highlighting the amenities that the project promises the neighborhood. He said he would urge BFC to "make the project as good as it can be for the people," though he declined to say what changes to the current designs he might recommend.
====================
http://www.crainsnewyork.com/article...-redevelopment
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  #66  
Old Posted Feb 20, 2019, 2:38 PM
mrnyc mrnyc is offline
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at the bx kingsbridge armory hockey center plan is still alive:


https://nypost.com/2019/02/19/why-am...ld-bronx-flub/
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  #67  
Old Posted Feb 20, 2019, 3:21 PM
RobEss RobEss is offline
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Quote:
Despite Related being willing to pay its own employees more, it could not force the future stores to pay the demanded $10, and then $11.50, per hour.
Jesus, why didn't they just ask McDonalds to open up shop and call it a day? I don't see the point of much-lauded private developments if they're going to pay poverty wages - it weakens the fabric of the city.
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  #68  
Old Posted Aug 14, 2019, 11:47 PM
Doubleu1117 Doubleu1117 is offline
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https://www.norwoodnews.org/id=29136...-deadline-set/

recent article, I really liked this idea, but i don't have much faith it actually get's done.
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  #69  
Old Posted Aug 15, 2019, 12:52 AM
Crawford Crawford is offline
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Geez, this project is taking forever already.

Related had a plan to build a giant retail center which would have opened 10 years ago (and produced far more jobs, tax base and community benefits) and here were are still waiting for construction to begin, even after the state gave $150 million for Phase I.
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