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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Thu Jan 26, 2017 11:34 am 
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Legend of NYFS

Joined: Mon Jun 10, 2013 10:11 am
Posts: 28082
Location: NYC
Ralf wrote:
I'm interested to see if the plans have been altered at all to include a new arena for the Islanders.


Was going to mention this. Would be a nice anchor there.


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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Thu Jan 26, 2017 12:08 pm 
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All Star

Joined: Fri Jun 11, 2010 1:35 pm
Posts: 2243
That would be cool - and a couple nice hotels too


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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Thu Jan 26, 2017 12:49 pm 
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Legend of NYFS

Joined: Mon Aug 17, 2009 2:16 pm
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Just what we need, more traffic getting into the stadium. LIRR here I come!


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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Sat Nov 10, 2018 10:38 am 
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Practically A Wilpon

Joined: Tue Jul 10, 2012 7:03 pm
Posts: 9002
Quote:
A development site in Willets Point spanning about three acres is hitting the market with an asking price of about $217 a buildable square foot.

The 137,000-square-foot site is located at 129-02 Northern Boulevard and allows development of 277,000 as-of-right buildable square feet. This make it the largest available assemblage in Northern Queens.


Quote:
The city reached a deal with Related Companies and the Wilpon family earlier this year to develop six acres at Willets Point Boulevard and Roosevelt Avenue with 1,100 affordable apartments, retail, a school and open space.


https://therealdeal.com/2018/11/07/big-willets-point-development-site-hits-the-market/

_________________
Original drummer for the Wilpons Are Cheap. Here's why:

Net Ballpark Revenue $75m
TV/Radio Revenue $150m
Net Ticket Revenue $50m

"We were still getting revenues, lots of revenues, but those revenues are going to pay off [personal] debt."

Source: Forbes, 2016 and Daily News, 2013


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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Sat Feb 02, 2019 12:44 pm 
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Practically A Wilpon

Joined: Tue Jul 10, 2012 7:03 pm
Posts: 9002
Nearly 6 years since this thread started, and 15 years since they started talking about redevelopment of the area, we MAY be seeing an end (beginning?) in sight.

Quote:
The city signed an agreement Thursday that charts a path forward for development in Willets Point.

The de Blasio administration signed a letter of intent Thursday with a joint venture between the Related Cos. and Sterling Equities. The pact lays out a timeline for the development team to hash out the details on two potential scenarios drafted by a community task force for 17 acres to the east of Citi Field in Queens. One of the scenarios includes a hotel and soccer stadium, while the other is more traditional, presenting a mix focusing on housing and retail. In roughly a year, according to the letter, the city will decide which path to pursue and draft a final development agreement after soliciting public input.


Quote:
While working out a more granular plan for the mixed-use development scenario would be fairly straightforward, vetting plans for a soccer stadium would be more involved. Building an arena would require the developers to secure a letter of intent from a franchise, according to Glen. The team would likely be newly created within the United Soccer League, an organization with nearly 40 squads that play in smaller stadiums than Major League Soccer, a league that counts New York City Football Club among its members. While the task force recommended a stadium of up to 25,000 seats, the developers envision a facility with up to 15,000 seats, according to the city.


https://www.crainsnewyork.com/real-estate/city-signs-willets-point-letter-intent

Quote:
The task force delivered its recommendations to the Economic Development Corp. in September. And after initially denying it had received them in a bizarre case of finger-pointing, the city publicly posted summaries of two development scenarios this week.

One calls for a soccer stadium of up to 25,000 seats, according to the documents. Parking for the venue would be shared with Citi Field. In addition, the plan calls for retail, open space, a school, new police and fire stations and a residential building.

The second scenario follows a more typical mixed-use format that would produce six blocks of residential development, retail, open space, a high school and a fire station along with a health center.


https://www.crainsnewyork.com/real-estate/city-releases-two-willets-point-proposals

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_________________
Original drummer for the Wilpons Are Cheap. Here's why:

Net Ballpark Revenue $75m
TV/Radio Revenue $150m
Net Ticket Revenue $50m

"We were still getting revenues, lots of revenues, but those revenues are going to pay off [personal] debt."

Source: Forbes, 2016 and Daily News, 2013


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 Post subject: Re: Key hurdle cleared in Willets Point redevelopment
PostPosted: Tue Feb 05, 2019 1:39 am 
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Legend of NYFS

Joined: Sun Apr 27, 2008 8:01 am
Posts: 24978
Location: Harlem
Went to an event with the head of the Queens Chamber of Commerce last week. He was saying that the affordable housing piece is key to pushing the redevelopment through (that's the housing they're referring to).

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Baseball has a way of ripping your ❤️ out, stabbing it, putting it back in your chest, then healing itself just in time for Spring Training. - Thor


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