The top 10 biggest real estate projects coming to NYC

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Renderings of 1223 Spofford Avenue, Bronx, 153-10 88th Avenue, Queens and 1201 Spofford Avenue, Bronx (iStock, NYC Economic Development Corporation, Zara Realty) Two pieces of the city’s redevelopment of the former Spofford Juvenile Detention Center in the Bronx made the list of 10 largest projects filed in the five boroughs in November.“The Peninsula” project aims to transform the five-acre Spofford property into a mixed-use live-work community. The campus would eventually feature 740 units of affordable housing, 52,000 square feet of recreational space and 49,000 square feet of light industrial space.Gary Barnett-led Extell Development’s 534-key hotel project in the Diamond District also made the list.Seven of the 10 applications on the list had a multifamily component.ADVERTISEMENTThe full list of November’s top 10 biggest real estate projects is below:1. 1223 Spofford Avenue, BronxThe largest project application filed was for a 13-story, 224-unit mixed-use building, by the city Economic Development Corporation. The 185,338-square-foot building would include a 2,500-square-foot community facility, according to the filing. The project is part of the Peninsula development.2. 32 West 48th Street, ManhattanExtell Development plans to build a 33-story, 168,897-square-foot hotel in the Diamond District. The building would include 534 rooms along with retail space, a restaurant/bar, a gym and a lobby, according to the plan. It took several years for the New York-based developer to assemble the site, as well as the air rights. The proposed hotel would connect West 48th Street to the diamond block on West 47th Street.3. 153-10 88th Avenue, QueensZara Realty, under the entity Rufus King Park Development Company, is planning a nine-story, 223-unit mixed-income development in Jamaica. The proposed 157,265-square-foot building includes 6,569 square feet of community space such as a resident lounge and a gym, according to the filing.4. 38-20 Parsons Boulevard, QueensKenneth Liu with Eastone Parsons Holding plans to build a seven-story, 175-unit apartment building in Flushing. The 155,389-square-foot building would include nearly 36,000 square feet of community facility, such as parking garages, a bike storage, a children’s room, a business center, a conference room, a lounge and a gym. Last year, Eastone Parsons Holding purchased the former synagogue from Temple Gates of Prayer for $37.5 million.Read moreCity to finalize deal for $300M mixed-use redevelopment of Bronx jail siteBarnett to build large hotel in the Diamond DistrictZara Realty plans 218K-sf Jamaica development 5. 1201 Spofford Avenue, BronxThis is another piece of the Peninsula project, filed by the EDC. The 16-story, 129,277-square-foot building would include 135 apartments and 6,386-square-foot of community space, such as an amenity room, a play room and a gym.6. 1504 Macombs Road, BronxKIPP NYC, a charter school network, plans to build a six-story, 78,450-square-foot school building on the two lots that the group purchased for $21.5 million in July. KIPP Elements Primary School at 338 East 146th Street and KIPP All Middle School at 2502 Lorillard Place will be relocated to 1504 Macombs Road, according to the Bronx Times.7. 126 East 86th Street, ManhattanRybak Development plans to build a 20-story mixed-use building on this Upper East Side site, which the Brooklyn-based developer recently purchased for $26 million. The proposed 77,326-square-foot building includes 32 apartments and about 7,000 square feet of commercial space.8. 182-11 Eastern Road, QueensLogan Property, which shares the address with Logan Bus Company at 97-14 Atlantic Avenue in Queens, plans to build a two-story, 56,232-square-foot building to house a car repair shop and accessory offices.9. 26 Sherman Avenue, ManhattanShloime Gross, through the entity 26 Sherman Residence, plans to construct an eight-story, mixed-use building in the Inwood neighborhood. The 47,966-square-foot building would include 59 apartments, along with 7,538 square feet of commercial space and about 500 square feet of community space.10. 1591 Jesup Avenue, BronxGjushi Construction, under the entity Jesup Development, plans to build an eight-story, 43,411-square-foot building in the Morris Heights neighborhood. The building would include 59 residential units along with 3,623 square feet of community space.Contact Akiko Matsuda Email Address* Message*center_img Share via Shortlink Full Name* Tagseconomic development corporationExtell Developmentlast_img read more

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CASH founder tackles FSA on salt alternatives

first_imgA leading anti-salt crusader has criticised the Food Standards Agency’s (FSA’s) failure to support potassium-based alterna-tives to sodium chloride in food.Speaking at the launch of National Salt Awareness Week at the House of Commons last week, Professor Graham MacGregor, founder of Consensus Action on Salt (CASH), criticised the FSA for its stance on scientific grounds. “Where there are problems for food manufacturers taking salt out, they could easily use potassium as a substitute. We are disappointed that the Food Standards Agency and the industry has not taken this up,” he said.Tesco own-label bread is one of few to currently use potassium. MacGregor claimed that the FSA should endorse potassium as an alternative option for industry. He told BB: “The dangers of adding potassium to food have been greatly exaggerated. But worldwide, it will become much more common.”He pointed to two studies one from the Netherlands showing that a salt substitute containing potassium chloride lowers blood pressure in older people, and a second from Taiwan indicating that changing salt to a mineral salt within two to three years caused a big reduction in total mortality and cardiovascular death.British Baker challenged FSA chief executive Tim Smith over whether it would be willing to revisit the potassium issue. “We’re neutral-to-interested on the subject,” he said. “The balance of evidence at the moment suggests that reducing sodium chloride content is the biggest and simplest step we can take.”If the evidence can be marshalled that says substitutional products are better, then we would support that.”last_img read more

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Damian McLoughlin to head Premier Foods foodservice

first_imgPremier Foods has hired former Unilever sales director Damian McLoughlin to head up its foodservice division.McLoughlin has joined Premier as foodservice director after 17 years with Unilever. He replaces Simon Millard who is now UK sales director at IRI.During his time with Unilever, McLoughlin held roles including channel director (UK) for food ingredients and own label, as well as chain accounts director responsible for driving ice cream brands Magnum and Cornetto into the quick-service restaurant channel.“We are really delighted to have Damian on board to lead the future development of our strategy. We are confident he will continue to lead the foodservice division to success with a breath of new and fresh ideas, as well as expert industry knowledge and we can’t wait to see the vision develop as he settles into role,” said Gary Taylor, sales director at Premier Foods.“I am looking forward to getting fully immersed into the Premier Foods business. It is the success and passion I have seen from the foodservice division, coupled with such innovative campaigns and leading brands that I have admired,” McLoughlin added. “As a priority, I am committed to exploring new ways to use data and insights to generate actionable solutions that meet the broader business needs of our chefs, caterers and operators.”Premier’s foodservice team recently launched the fourth successive McDougalls Young Baking Team of the Year competition and the second stage of its award-winning Dysphagia Solutions Programme.last_img read more

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Commissioners approve lease for new communications tower

first_imgFARMINGTON – County commissioners unanimously voted to sign a lease agreement for space to build a tower to support emergency communications in northern Franklin County.The lease agreement with the land-holding company Weyerhaeuser will provide space for a new tower on the Kibby Range in Kibby Township. The county would likely construct the tower using Tax Increment Financing money during next year’s summertime construction period. The tower would be dedicated for first responder communications in northern parts of the county that currently have poor or no service.“It’s going to be a very valuable asset for communications in northern Franklin County,” Hardy said.Franklin County Emergency Management Agency Director Tim Hardy noted that the county had been discussing putting a tower on Kibby Mountain as far back as 2012 as part of a federal grant, but that effort had fallen through after negotiations overran the grant’s time frame. The new agreement would lease space from Weyerhaeuser at the initial cost of $1,200 per year. That cost would increase slightly over time, up to $2,100 in 2038.Commissioners also received the preliminary draft Unorganized Territory budget for the 2019-2020 fiscal year. Initially proposed at $1.17 million, the budget is under the LD1 cap, according to County Clerk Julie Magoon. It represents a $33,000 increase over the current fiscal year, with one of the bigger increases represented in the $22,000 increase in snow removal contracts that reached the end of their 5-year spans. One new, but relatively minor increase, was a $2,000 request from the Kingfield Library for U.T. residents using that facility.The U.T. budget is paid for by taxpayers of the U.T. and is completely separate from the county budget process.A public hearing on the U.T. budget will be held on Dec. 4 at 9 a.m. in Farmington.In other business, commissioners approved a new three-year contract with the National Correctional Employees Union, which represents staff at the Franklin County Detention Center. The significant changes in the contract include an alteration to how personal time is accrued, as well as annual pay increases for corrections officers, supervisors and transport officers.Commissioners also approved a pay raise for part-time dispatchers at the Franklin County Communications Center. There is a single part-time dispatcher that has been working since 2015 without an increase. Commissioners approved a rate at $1 less than the full-time dispatchers; for the current employee that would represent an increase from $14.76 per hour to $16.35 per hour.last_img read more

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The Roots Back Kesha For Acoustic Cover Of “The House Of The Rising Sun”

first_imgWhen Kesha visited The Tonight Show last week, she teamed up with The Roots to record a cover of “The House of the Rising Sun” by The Animals. While the singer occupied her television time to deliver a rendition of her own “Praying,” she still used the opportunity to collaborate with Questlove and company backstage for a deeper dive into music history with the 1964. An unlikely pair, we know, but it’s always nice to see pop stars pay homage to pioneers of rock and roll.Watch Kesha and The Roots perform “The House of the Rising Sun” below:last_img

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Vermont to get $66,500 in settlement for vitamin price-fixing conspiracy

first_imgThe State of Vermont will receive over $60,000 under a settlement with an international group of vitamin manufacturers. Attorney General William H. Sorrell, along with 22 states and class action plaintiffs, alleged that vitamin manufacturers engaged in a price-fixing conspiracy contrary to state and federal antitrust laws. Under the agreement approved today, the majority of Vermont s share will go toward improving the nutrition and health of Vermont residents. The Vermont Foodbank will receive nearly $50,000 and the Department of Forests, Parks and Recreation will receive $10,000 for the creation of a new multi-use trail in Sharon. The remaining funds, approximately $6,500, will go to the general fund for the State s costs. A separate fund has been created to compensate affected businesses. Vitamin manufacturers worked together to make consumers and businesses pay more than they should have, Attorney General Sorrell said. Price-fixing among competitors is not only unfair; it s illegal and intolerable, especially where consumers health is involved.Because of the extraordinary number of affected individuals and the difficulty in determining how much each consumer over-paid, the court approved distribution of the settlement funds to certain not-for-profit and governmental organizations with the express purpose of ensuring that the funds be used for the improvement of the health and/or nutrition of the citizens of each state. The Vermont Foodbank has pledged to use its share to strengthen its statewide food distribution efforts while the Department of Forests, Parks and Recreation will use its portion to help sponsor the creation of a new trail designed to encourage physical activity and promote healthy living at the Sharon Elementary School and surrounding areas. Vermont recently received national recognition for its trail-work though an Outstanding Trail Program award by the Washington D.C.-based Coalition for Recreational Trails.Businesses in Vermont that purchased any of the vitamins listed below between 1988 and 2000 may make a claim to the settlement administrator to obtain money from the commercial portion of the settlement. More information about making a commercial claim under the settlement is available here.The vitamins affected by the alleged price fixing conspiracy include: vitamin A, astaxanthin, vitamin B1 (thiamin), vitamin B2 (riboflavin), vitamin B3 (niacin), vitamin B4 (choline chloride), vitamin B5 (calpan), vitamin B6, vitamin B9 (folic acid), vitamin B12 (cyanocobalamine pharma), beta-carotene, vitamin C, canthaxanthin, vitamin E, and vitamin H (biotin), as well as all blends and forms of these vitamins.The companies subject to this settlement are: Akzo Nobel Inc.; Bioproducts Incorporated, Mitsui & Co., Ltd. and Mitsui & Co. (U.S.A.), Inc.; Chinook Global Limited and Chinook Group, Inc.; Evonik Degussa GmbH, successor to Degussa AG, and Evonik Degussa Corporation; Lonza AG; Merck KGaA, E. Merck and EM Industries, Inc.; Nepera, Inc.; Sumitomo Chemical America, Inc. and Sumitomo Chemical Co., Ltd.; Mitsubishi Tanabe Pharma Corporation and Tanabe U.S.A., Inc.; UCB Pharma, Inc.; and Vertellus Specialties Inc. and Vertellus Chemicals SA.More information about the Attorney General s plan to distribute Vermont s share of the settlement is available here.  Source: VAG. 6.18.2010last_img read more

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Peabody Bankruptcy Proceeding Moves Forward, Including Sale of Company’s Share in Prairie State Coal Plant

first_imgPeabody Bankruptcy Proceeding Moves Forward, Including Sale of Company’s Share in Prairie State Coal Plant FacebookTwitterLinkedInEmailPrint分享By Henry Lazenby in Mining Weekly: US metallurgical and thermal coal producer Peabody Energy has received final approval from the US Bankruptcy Court of the Eastern District of Missouri for its $800-million debtor-in-possession (DIP) financing facility, the company announced on Tuesday.  The approval provided Peabody with access to capital to ensure the company could continue operating its business during the Chapter 11 process, which it filed for in April. The financing by a lender group that included the participation of a number of secured lenders and unsecured noteholders, included a $500-million term loan, a $200-million bonding accommodation facility, and a cash-collateralised $100-million letter of credit facility. The court also granted final orders approving several other motions, including approval of the company’s long-term incentive plan for non-insiders, and approval for the planned sale of the company’s interest in the Prairie State Energy Campus. The DIP approval marked another important step as the company moved through the Chapter 11 process, aiming to better position the company for the long-term. No Australian entities are included in the filings and Australian operations were continuing as usual, the company advised. Peabody had retained Jones Day as its legal adviser, Lazard as its investment banker and financial adviser, and FTI Consulting as its restructuring adviser. Full article: http://www.miningweekly.com/article/court-approves-800m-dip-financing-for-peabody-2016-05-18/rep_id:3650Related Story on Morningstar.com:  Peabody Energy Gets Court Approval for Bankruptcy Financing: http://news.morningstar.com/all/dow-jones/market-digest/2016051710802/peabody-energy-gets-court-approval-for-bankruptcy-financing.aspxlast_img read more

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Alaska backs away from massive North Slope LNG project

first_imgAlaska backs away from massive North Slope LNG project FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Alaska’s decision to cut back staff at the state-run company developing a massive LNG terminal and shift its focus to only permitting amounted to an acknowledgment that the state no longer plans to work to commercialize the gas export venture or manage it long-term.That leaves Alaska LNG facing the same challenges it has for years: permitting obstacles, a lack of customers, and an estimated cost of $43 billion that is significantly higher than rival North American LNG export projects in an increasingly competitive landscape for developers.The state-run company, Alaska Gasline Development Corp., or AGDC, said in a July 10 statement from Interim President Joe Dubler that the organization would slash staff by 60% to eight people. The focus on finishing the permitting process would “substantially de-risk Alaska LNG and open the door to a wider range of potential project parties with the broad expertise required to unlock the value and manage the risks associated with a project of this magnitude,” the company said.What that meant was AGDC will not play the lead role in designing, funding, building or operating the project after receiving the necessary permits. “The future commercial structure for Alaska LNG will not be determined by AGDC,” company spokesman Tim Fitzpatrick said in an interview. “It will be determined by whoever takes this project on at the completion of the permitting process.”The state could end up supporting the project in other ways such as tax incentives or government-to-government operations. But questions linger about whether the project conceived of as a way to export resources of the North Slope, which has 35 Tcf of proven gas reserves, will advance even under private ownership.“The fundamental reality was that this project — $43 billion just for the midstream — it’s very difficult to make it work,” said Nikos Tsafos, a senior fellow at the Center for Strategic and International Studies and past advisor to the Alaskan legislature about the project as an oil and gas consultant. “The bottom line is that this is about as tough as it was a few years ago, and not much has changed.”More ($): Future of $43B Alaska LNG project in doubt as state cuts spending, shifts focuslast_img read more

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4 ways to tap the Hispanic market: Filene

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Tina OremCredit unions can play a leading role in serving highly-educated Hispanics if they capitalize on four opportunities, according to new research report from Filene.The report, based on research by George Washington University’s Global Financial Literacy Center, is the third in Filene’s financial capability series and uses data from 1,553 Hispanic respondents who reported “some college” or more as their highest level of education completed. continue reading »last_img

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Shoulder worry for Hammers hero

first_img Press Association “When you have got someone who has scored six in six you can ill-afford to lose them at any stage and if we lose him that is going to be a big blow.” Despite universal praise for his own side, especially a man-of-the-match display from Alex Song, Allardyce felt City’s own frailties led to a fifth league win of the campaign. “We put Manchester City’s back four to task and, in my opinion, they didn’t hold up,” he added. “The quality of our play in the final third is why we have won the game today. “When you have got quality players, quality players look forward to the big games where the less quality players can get anxious, but Song led us as a team today and the rest of the lads responded.” City boss Manuel Pellegrini could see his side fall eight points behind leaders Chelsea if the Blues win at Old Trafford on Sunday. The Chilean refuted claims a Champions League hangover, after their trip to draw 2-2 against CSKA Moscow, cost his side a victory and accepted it was the profligacy of his team which saw them lose. “I don’t think that the team felt what happened on Tuesday in Russia,” Pellegrini said. “Of course I’m very disappointed about the score as I don’t think we deserved to lose the game. “We had two or three clear chances we couldn’t score. West Ham played well in the first half but we improved a lot in the second, but if you don’t score that goal you can’t win. “I’m always concerned about my team, what the other teams do is not my concern – we will see what Chelsea will do but we have 87 more points to fight for.” Pellegrini also refused to blame referee Martin Atkinson or his officials, who failed to spot both Valencia and Sakho in offside positions in the lead-up to Amalfitano’s opener. “I don’t want to analyse the referee,” he said. “I said just one thing against Arsenal and I don’t want to continue me analysing the referee as that is not my duty – it was clear what happened and it doesn’t matter what I say.” Sam Allardyce saw serial goalscorer Diafra Sakho shoot down Manchester City but fears the striker may be set for a spell on the sidelines. Sakho then headed home his sixth goal in as many Premier League starts, with goal-line technology on hand to confirm his effort beat the despairing dive of Joe Hart. David Silva pulled one back almost immediately with a well-taken individual effort but it was Sakho’s goal which proved the difference as Allardyce was full of praise for the Frenchman and his strike partner Valencia. “Valencia and Sakho – I don’t think they really know what they have done yet,” Allardyce said. “I don’t think they really know how good they have been. They have just come here, they want to play football and I don’t think they realise what such a big impact they have made and the rest of the team has been lifted by those two. “We have goalscorers, we have players who believe they are going to score – none more than Sakho who has scored yet again today.” Signed from Metz during a busy transfer window, Sakho has now scored in his last seven West Ham appearances, dating back to his opening strike in the Capital One Cup defeat to Sheffield United. He has scored against Manchester United and Liverpool, as well as the match-winner against City, but Allardyce was worried after seeing him forced off following a collision with Hart. “We are four wins out of five and three wins on the trot,” Allardyce said. “But for me my biggest worry is that my leading goalscorer today came off with a shoulder problem towards the end and I sincerely hope that the damage is not severe and he recovers very quickly. The reigning Barclays Premier League champions fell to a 2-1 defeat at Upton Park as Allardyce’s West Ham moved to within a point of the visitors. Morgan Amalfitano, who opened his Hammers account in the recent win over Liverpool, grabbed his second goal since his summer move as he swept home Enner Valencia’s low cross in the first half. last_img read more

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