The New York Times looks at area-wide development coming to Staten Island’s North Shore:
“We really believe that this is a transformational moment for the North Shore of Staten Island,” said Seth W. Pinsky, the president of the city’s Economic Development Corporation. “Staten Island is entering into a golden age.”
Image credit: Concrete via NYTimes
On April 16, NYCEDC hosted developers, not-for-profits, Community Development Entities, investors and others for a full day of programming on development finance tools and incentives. Find out more about the sold-out event.
April 2013 Economic Snapshot: Housing Ownership and Rental Trends
Do you rent or own in New York City? For our April 2013 Economic Snapshot, NYCEDC looked at the City’s housing ownership and rental trends in the nation’s largest housing market with more than 3 million total units of housing for 8.2 million residents. Some facts we found:
- New York’s home ownership is on the increase, at a rate of 31.3% in 2011, higher than its rate of 30.2% in 2000 and nearly ten percentage points higher than its rate of 23.4% in 1980.
- At the borough-level, Brooklyn was home to the largest share of the City’s occupied housing units in 2011 (29.8%), slightly below its share of population (30.8%).
- In 2011, Staten Island had the highest home ownership rate of any borough at 68.9%, which was also higher than the national rate of 64.6%. The ownership rate in Queens was 43.0%; in Brooklyn it was 28.7%. The Bronx had the lower ownership rate at 19.0%, just below the rate of 21.9% in Manhattan. Every borough, however, has experienced an increase in ownership rate since 1980.
We are just one month away! Seats are filling up fast with attendees ranging across hundreds of companies. Register today for the 8th Annual NYC Development Finance Conference.
With over 20 event speakers and panelists from the top public and private institutions in the development industry, key agenda areas will feature Tax Credit Programs, such as New Market Tax Credits and Historic Tax Credits, New York City Industrial Development Agency programs, Build NYC tax exempt financing, New York State Excelsior, and many other informative topics. Thanks to our conference partners Brookfield, US Bank, Goldman Sachs, Cannon Heyman & Weiss LLP, and Nixon Peabody LLP.
Get the conference agenda and full list of attending companies and organizations.
After Years of Delay, a Lower East Side Gap Is Ready to Be Filled (The New York Times)
Find out more about Seward Park, one of the largest development projects of Mayor Bloomberg’s administration.
Photo credit: Todd Heisler/The New York Times
Are you an NYC business that occupies or is looking for high-quality, affordable office space? If so, please consider participating in a short 5-7 minute survey.
This survey is part of a study that NYCEDC in partnership with Alvarez & Marsal Real Estate Advisory Services and JRT Realty is conducting to better understand the growing demands for office space from emerging and high-growth industries. Your input will help inform policies to ensure NYC is poised to meet the future space needs of the City’s rapidly growing sectors.
The information provided to us will be kept strictly confidential and used only for the purposes of this study. Please take the survey now.
NYCEDC and HPD Announce Request for Proposals to Develop 1.65 Million Square Feet of Mixed-Use Real Estate on Manhattan’s Lower East Side
The development of the fully approved site will fill a gap in New York City’s urban fabric that has persisted for 45 years, creating 1,000 housing units, hundreds of thousands of square feet of new commercial space, 1,000 permanent jobs and 5,000 construction jobs. For more information and to download the RFP, visit: www.nycedc.com/sewardpark.