Recent activity at New York City Economic Development Corporation
Meetings, budgets, and plans from this organization.
Nov 10, 2026·Board meeting agenda packet
New York City Economic Development Corporation Annual Meeting and Regular Meeting
The meeting encompassed the election of Directors and Alternates, the receipt of the annual report for the fiscal period ended June 30, 2026, and a report from the President. Key discussion topics included the lease agreement for the Peninsula, the disposition of the Coney Island West Parcel A, the New York Quantum Fabrication Facility, a governance committee report on board self-evaluation, and elections for officers and committees. Additionally, the Board addressed property disposition, investment and procurement policies, and annual/quarterly investment reports.
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New York City Economic Development Corporation Real Estate and Finance Committee Real Estate and Finance Committee Meeting
The committee discussed the sale of Parcel A in Coney Island, which involves the development of over 500 housing units, including permanently affordable housing, and the construction of a public parking garage. Additionally, the committee reviewed the NYC Grocery Program, an initiative to establish publicly owned, privately operated grocery stores in each borough to provide affordable goods. Discussions included site selection progress in the Bronx at the Peninsula and East Harlem, the project's phased delivery model, and the procurement process for third-party operators.
Sep 30, 2026·Board meeting
New York City Economic Development Corporation Meeting Minutes
The board meeting addressed several key projects, including the modification of a deed for an electric vehicle charging hub at the Wildflower JFK North site, which involves shifting requirements from slow to fast chargers. The board also reviewed the property sale of a site to the NYC Department of Housing Preservation and Development to facilitate affordable housing development. Additionally, the committee discussed the authorization of subleases for rooftop space at Bathgate Industrial Park for a community solar project and approved the terms for subleasing retail and storage space at the Whitehall and St. George Ferry Terminals.
Sep 30, 2026·Board meeting
New York City Economic Development Corporation Legal Affairs Committee Meeting
The committee meeting addressed the selection of a legal firm for the Spark Kips Bay project. Discussions included the review of proposals from six law firms, the rationale for selecting the chosen boutique land use firm due to specialized expertise and competitive rates, and the specific scope of work, which involves providing land use and zoning advice for tax lot subdivisions and associated remapping. The committee approved the authorization for the president or an empowered officer to enter into a legal retainer agreement for this project, with a budget of up to $450,000 using city capital funds.
