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New York City Region, Expansions and Contractions Last Updated 08/16/2018

Expansions and Openings

December 2018 

Bronx County  

None

Kings County 

Quip, a Brooklyn-based company that sells electric toothbrushes online, has raised $40 million through a combination of debt and equity financing, as it builds off a partnership with national retailer Target and looks to cultivate its relationship with dentists. Quip plans to use the money to add to its 70-person team and double to 17,000 square feet the space it occupies at its Dumbo headquarters at 45 Main St.

New York County  

Ikea announced that it has plans to open its first store in Manhattan. The new Ikea store on 999 Third Avenue will be the first city center location for the chain. New Yorkers will be able to shop at the new store next spring. The company will also remodel its Brooklyn store and recently opened a new customer fulfillment center in Staten Island.

Woolrich, the upscale outdoor clothing and workwear brand, has struck a deal to expand its SoHo store. The company is more than doubling its size on Wooster Street, taking a nearly 8,000-square-foot store next to its current location. Its new spot at 121 Wooster St., which has nearly 4,100 square feet on the ground floor and 3,700 square feet of selling space in the basement, will allow the company to showcase a growing collection of apparel and products. In a related deal, Woolrich signed a roughly 6,500-square-foot office lease at 121 Varick St. for a showroom it will use to market its products to wholesale buyers.

Alphabet Inc’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs. The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street. Google hopes to start moving into the building by 2022.  Earlier this year, the company announced a $2.4 billion purchase of the Manhattan Chelsea Market. It also has leased space on Pier 57 jutting into the Hudson, which will create a four-block campus. With investments in Google Chelsea and Google Hudson Square, the company said it would more than double the number of employees in New York over the next 10 years. The company has more than 7,000 employees in New York.

Queens County 

None

Richmond County

Lidl, a supermarket with German roots, will open its first New York store in the Staten Island Mall, New Springville, on Dec. 12. 

 

November 2018 

Bronx County  

None

Kings County 

Steiner NYC secured $228 million in construction financing for its Admirals Row project, located at the intersection of Flushing Avenue and Navy Street, in the southwest corner of the Brooklyn Navy Yard. Admirals Row will be a mixed-used development bringing the first Wegmans Supermarket to New York City, extending a full 75,000 square feet. The project will also include 85,000 square feet of additional retail space, a parking structure for 435 vehicles, a 266-space parking lot, and 356,000 square feet of light industrial and creative office space, leased to the Brooklyn Navy Yard Development Corporation. Steiner NYC did not wait for financing to start construction and a significant portion of the project has already been topped out. Wegmans is expected to opens in 2019. Construction on the entire project is anticipated to be completed in early 2021.

New York County  

Lyft Inc. plans to invest more than $100 million in Citi Bike during the next five years, more than tripling the number of available bikes in New York City and doubling the popular bike share’s service area. Ride-hailing company Lyft bought Motivate International Inc., the parent company of Citi Bike, earlier this year in a deal valued at roughly $250 million. Motivate operated eight bike-share systems across the U.S. Citi Bike in New York City is by far its biggest outpost, with 12,000 bikes at 750 docking stations. The New York City operation has been very popular, but transportation-advocacy groups have criticized it for not reaching enough people. The system currently covers Manhattan and the western edges of Brooklyn and Queens. Lyft says it will expand its docked system by 35 square miles.

Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz is making a return to New York. A new FAO opened in Manhattan's Rockefeller Center, about 10 blocks from its former home near Central Park. For more than 150 years, FAO Schwarz was known in New York City for its classy and sometimes extravagantly expensive toys. The fantasyland store it opened on Fifth Avenue in 1986 was a tourist attraction, replete with its own theme song, doormen who looked like palace guards and a musical clock tower.

CB Insights (also known as CB Information Services, Inc.) has signed a direct 11-year lease for 43,000 square feet at 498 Seventh Ave. The tech market intelligence company expanded their space, having leased 17,000 square feet on part of the 17th floor in the same building since 2016. Under the new lease, in June 2019, the company will move, taking the entire 12th floor, following its buildout by the owners. CB Insights has more than doubled team size and tripled revenue since moving into the building in 2016.

Queens County 

State and city officials announced a blockbuster deal to lure roughly half of Amazon’s planned second headquarters to Long Island City, where the company will build a multimillion-square-foot, waterfront campus, invest nearly $4 billion and hire as many as 40,000 employees. The tech giant will receive up to a $505 million grant from the state to build an up to 8 million-square-foot office campus around Anable Basin in Long Island City, according to a memorandum of understanding among Albany, City Hall and Amazon. The online retailer plans to spend close to $3.7 billion creating a campus that’s between 4 million and 8 million square feet on a collection of sites owned by the city and the plastics firm Plaxall. Amazon will begin its occupation of the site by March, moving into an existing 672,000-square-foot office property there that is now controlled by the city’s Department of Education. Officials have estimated that the state could sign off on plans for the new campus next November.

Richmond County

None 

October 2018 

Bronx County  

None

Kings County 

Fast-growing residential brokerage firm Compass is opening a large office in Downtown Brooklyn, establishing a presence in a neighborhood where a surge of large-scale development in recent years could translate into big business for the firm. Compass leased roughly 11,000 square feet at the base of 333 Schermerhorn St., a 750-unit rental tower that was recently finished by developer Steiner NYC. A spokeswoman for the company said the office will be home to about 95 brokers and four support staff. The firm plans to move into the location next year. Initially most of the brokers and staff there will be relocated from other Compass locations, with new hires coming later in the year.

The operator of the roughly 100-acre container terminal in Red Hook has renewed its lease to continue running the money-losing facility for at least five more years. The Port Authority of New York and New Jersey completed an agreement on Wednesday to essentially maintain the status quo at the terminal, whose yearly container volume is dwarfed by the Port Authority's shipping facilities in New Jersey.

New York County

A streaming-video startup for financial news that has been shooting on location around the country has found a permanent home in New York. Real Vision, whose offerings include interviews with business stars such as Mark Cuban and Jim Rogers, has opened its first major studio across two floors and 6,000 square feet on West 27th Street. The company, which already has offices abroad, has built up a local staff of 40 full-time employees and plans to hire more in the coming months.

TerraForm Power announced it has relocated its headquarters from Bethesda, MD to New York City. A spokesperson for the publicly-traded company that owns and operates clean power generation assets in the US said that the company signed a 10-year lease with Brookfield Properties. TerraForm Power is occupying 21,000 square feet at Brookfield Properties’ 200 Liberty St. in downtown Manhattan. With 176 megawatts of wind and solar assets in New York State alone, the company has brought 100 new jobs to the New York City metropolitan area. Its global assets, 100% with renewable power, total more than 3,600 MW of installed capacity. In moving to the Brookfield property, the company has brought 100 jobs to the New York metropolitan area.

Trader Joe’s has announced an October 19th opening at their new Lower East Side store at 400 Grand Street.  The company will celebrate with a grand opening event including “live music, food tastings, giveaways, and more,” beginning at 8am on Friday, Oct. 19th.  Trader Joe’s is opening in the basement of the new Essex Crossing building at 400 Grand Street (on the northwest corner of Grand and Clinton streets), beneath the Target store that opened in August.

Queens County

None

Richmond County

None 

 

September 2018 

Bronx County  

None

Kings County 

The art-storage company Uovo is in contract to purchase its second space in the city, a 150,000-square-foot, two-story warehouse in Bushwick. The new space will offer controlled climate conditions as well as high security, backup power, and protection from light and flooding. Uovo also operates two storage facilities in Rockland County. The Bushwick operation will open by the fall of 2019.

New York County

 FAO Schwarz is making a comeback in the Big Apple with a 20,000-square-foot location in Rockefeller Center. The retailer was acquired in October 2016 by California-based firm ThreeSixtyGroup, which launched a campaign to revive the brand. The new location, overlooking Rockefeller Plaza, will feature product demonstrators, magicians and costumed performers alongside traditional sales clerks. The news comes on the heels of the retailer's announcement that it will open its first airport concept toy store, at LaGuardia's new Terminal B, later this year.

The Squash Center has found a match at 25 W. 39th St., renting 13,400 square feet from the building’s owner, Thor Equities. The private, not-for-profit club will occupy the entire fifth floor, 13,400 square feet under a 15-year lease. The asking rent was $65 per square foot. Scheduled to open in early 2019, the Squash Center will offer amateur training and recreational play for adults, and programs for teenagers and children.

HomeAdvisor is doubling the size of its Manhattan office. The Golden, Colorado-based company expanded to 90,000 square feet at 330 W.34th St., taking a second full floor in the Vornado-owned office building. HomeAdvisor.com is a popular website where homeowners can search for contractors for home repair and improvement. The site derives its revenue from contractors who pay for leads to connect with potential clients in their area. Last year the firm signed for 45,000 square feet at the same building, taking the entire 10th floor. In the recent expansion deal, the company will now also lease the entire fifth floor.

Amazon is now branching all the way to the opposite coast by way of expanding a rollout of its checkout-free Amazon Go physical store concept. The e-commerce giant is planning to open a store in New York City, joining Amazon Go’s that are likewise planned for San Francisco and Chicago. Those would be in addition to three existing stores already up and running in Amazon’s hometown of Seattle. Amazon confirmed the news after posting several job listings for a New York-area Go store.

Union Square Eye Care, a private ophthalmology practice, plans to open shop uptown. It is now building a $2.9 million clinic at 1825 Madison Ave. to address a shortage of eye doctors in East Harlem. The new location will offer comprehensive eye care services ranging from routine exams to treatment of glaucoma and retinal disease. Physicians will perform surgeries at hospitals such as Mount Sinai and New York Eye and Ear Infirmary. The clinic will be about 5,000 square feet and served by five to six doctors and expects the practice to treat about 100 patients a day in its first year.

Business is booming for a Manhattan firm that provides translation services to global companies. TransPerfect, the world’s largest language-translation-services firm, generated huge profits and growth this year, adding 290 jobs so far, an increase from 252 during the same period last year. Revenues are up 20 percent and on pace to surpass $700 million, up from $615 million last year.

Queens County

None

Richmond County

None 

 

August 2018 

Bronx County  

None

Kings County 

None 

New York County

The luxury goods store Loro Piana is heading to the Meatpacking District,  according to sources familiar with the deal. Loro Piana has leased 3,000 square feet at 3 Ninth Avenue by Gansevoort Street, right by 46-48 Gansevoort Street, where high-end handbag purveyor Hermès inked a 10,000-square-foot lease last year.  The store will be split between 1,700 square feet on the ground level and 1,300 square feet on the lower level.

The 30-story, 298-room FiDi Moxy Hotel is nearly complete, with the final touches on the building’s exterior base currently underway. The 364-foot-tall, 129,000-square-foot hotel is one of five Moxy’s slated for New York, including in Times Square, Chelsea, the East Village and the Lower East Side. This Moxy sits on a through-block site facing both Ann and Fulton Streets, with the opening to the hotel’s lobby on Ann Street and the first two floors of its retail facing Fulton Street Aside from the building’s first and second floor retail, the third floor contains a bar and communal space and the hotel portion starts on the fifth floor.

Marshalls will be making its debut at the end of September in the condo building at 196 Orchard St. (Houston Street). According to Marshalls website, the grand opening is scheduled for Sept. 27. The 11 story building also includes an Equinox Health Club, which is supposed to be opening Aug. 28. The Lower East Side location will be the seventh Marshalls in New York City. Two mid-size Target stores recently opened – one on Grand Street and another on 14th Street, with more chain stores undoubtedly on the way.

Queens County

Chinese developer and school operator Yihai Group plans to build a 506-unit hotel and residential building in Flushing, according to a permit application filed with the city’s Department of Buildings. The application indicates the developer wants to bring a 19-story 200,000-square-foot project to Flushing’s downtown, with 360 hotel rooms on floors two through seven and 146 residential units on the floors above. Retail is also planned for the property.

Richmond County

Levi’s is the latest retailer to sign on at the Empire Outlets on Staten Island. The classic denim brand signed a lease for 5,450 square feet at BFC Partners’ 340,000-square-foot retail complex, the landlord told The Real Deal. It will be Levi’s first outlet store in the city. BFC principal Joseph Ferrara said the developer is targeting “New Yorkers and visitors from across the world” as the shopping and dining project prepares to open in the fall.

 

July 2018 

Bronx County  

None

Kings County 

Hospital for Special Surgery will open a 15,000- square-foot clinic at 35 Hudson Yards next year as it seeks to attract patients from among the workers and residents of the building complex. The specialty orthopedic hospital's clinic will share the 72-story, mixed-use tower with anchor tenant Equinox, which plans to use the building for its first hotel as well as a fitness center. The site also will also house 143 apartments and additional office space.

New York County      

Medidata, a SoHo-based health-technology company, acquired SHYFT Analytics for $195 million to expand the platform it provides to companies developing drugs and devices. The acquisition provides Medidata with access to more than 45 billion records kept by 2 million health care providers. Medidata is focused on clinical trials, while SHYFT incorporates data from patients' electronic health records and third-party information from sources such as insurance claims. About 900 of Medidata's 2,300 employees work in New York or New Jersey and more are expected to be shifted here from SHYFT’s Boston head office in the future.

Fast-growing "athleisure" brand Outdoor Voices is opening its second store in the city, on lower Fifth Avenue. The company is close to signing a deal for roughly 3,000 square feet at 142 Fifth Ave., where workout studios including Flywheel, SoulCycle and Peloton also have outposts. Outdoor Voices maintains a SoHo store and previously had pop-up locations on Lafayette Street and the Upper East Side.

Insurer Oscar Health has outgrown its Puck Building home and plans to move to a more spacious office on Varick Street. The company will receive $3.5 million in performance-based tax credits from Empire State Development if it meets its target of creating 289 jobs in five years. It plans to add employees with tech, data science and clinical expertise. The health insurer plans to move to its new 78,000-square-foot home in 1 Hudson Square, at 75 Varick St., in the first quarter of next year. The new office, all on one floor, will allow more space for new hires and team collaboration.

Target will begin rolling out speedy service for thousands of products by the end of the month in New York State, less than a year after spending $550 million to acquire the same-day delivery company Shipt. Rapid delivery has become the new front in retail, with every major player attempting to beat, or at least match, Amazon.com in its reach. Target already begun same-day deliveries using Shipt in other parts of the country, including Texas, Illinois, Michigan and Ohio. Target Corp. said that the same-day delivery of items like groceries and toys will start on July 31 in Hudson Valley and Kingston. It will launch in other areas, including Long Island, Manhattan, the Bronx, Brooklyn, Queens and Staten Island, in August. Consumers must sign up for Shipt, regularly priced at $99 for an annual membership.

Queens County

Lowe’s Home Improvement is set to move into a massive Queens site after the plan received approval from the city’s Board of Standards and Appeals this month. The hardware giant signed a 15-year lease with Ashkenazy Acquisition Corporation, which owns the Douglaston Plaza Shopping Center, sources said. The retailer will move into a 110,000-square-foot space replacing sections of a now-shuttered Macy’s and a cinema, MovieWorld, on the lower level. It will also require the removal of 100 parking spaces to expand the site.

Richmond County

Come early 2020, there should be 4,000 more jobs on Staten Island's West Shore. All those jobs will be contained within Matrix Global Logistics Park in Bloomfield, where companies like IKEA and Amazon -- which plan to hire more than 200 and 2,500 employees, respectively -- will become among the borough's largest employers. While IKEA's 975,000-square-foot warehouse distribution center should be finished soon, the 855,000-square-foot building occupied by Amazon is 75 percent complete. Matrix has begun working on the site's next warehouse, a 450,000-square-foot logistics facility on an approximate 50-acre parcel of the site. This building has yet to be leased with the steel frame going uplater this summer, and the shell for the spec building should be finished later this year. The building will be ready for occupancy by the end of the year. Rounding out the center will be a 960,000-square-foot warehouse; Matrix is already seeking "build-to-suit" tenants or those who will sign a lease before the building is constructed.

Chipotle Mexican Grill plans to open its second borough location July 3 at the Staten Island Mall, New Springville. The new restaurant is part of the Staten Island Mall's 242,000-square-foot expansion that has added a new Food District and a host of new retailers that all will be open by the end of the year. The restaurant is located in a free-standing building outside the Staten Island Mall, adjacent to the brand-new Shake Shack. The first Island-based Chipotle Mexican Grill opened in New Dorp in 2016.

Chick-fil-A is hiring up to 50 people to staff its first borough location in the Staten Island Mall, New Springville, the popular chain eatery has announced. The new eatery will be located in the Mall's new Food District that was constructed as part of a 242,000-square-foot renovation of the shopping center. Chick-fil-A is expected to open in late summer.

Dave & Buster's is opening it's first Staten Island location on July 21st. The entertainment venue, located in the Staten Island Mall in New Springville, will be filled with 40,000 square feet of arcade games, chef-crafted food, innovative cocktails, and a state-of-the-art D&B Sports Bar with dozens of HDTVs. . Employing 200 workers, Dave & Buster's is part of the Staten Island Mall's 242,000-square-foot expansion.

Not one, but two 7-story hotels are being planned for Port Richmond Avenue. One hotel is a La Quinta brand to be built at 109 Port Richmond Ave., which is the former site of a C-Town that was destroyed by fire. It will be a 75-room hotel with bottom-floor retail shops. The second hotel, at 35 Port Richmond Ave., will have 61 rooms under the Country Inn & Suites brand. No city Department of Building (DOB) applications were yet filed for 109 Port Richmond Ave. But a new building permit application for a 7-story hotel at 35 Port Richmond Ave. was filed on June 20, 2018, according to DOB agency records.

 

June 2018 

Bronx County  

The buyer of a $75 million, 20-acre development site in the Bronx plans to break ground early next year to raise a sprawling two-level warehouse building that will cost at least an additional $150 million. Innovo Property Group said it would begin building a 700,000-square-foot warehouse at 2505 Bruckner Blvd., the former site of a large movie theater surrounded by several parking lots, in the first quarter of next year. The firm plans to complete the building by 2020.

Kings County 

The Brooklyn Navy Yard is exercising an option to build ground-up office and light-manufacturing space atop a parking garage being constructed as part of a redevelopment of the Admirals Row section of the complex. The decision was made to build the 230,000-square-foot space after the city pledged to invest $40 million in the project. The city announced that it expects the new space to create 700 to 1,000 permanent jobs. Four of the floors would be reserved for small light-manufacturing tenants while the top floor, at 43,000 square feet, would be reserved for a single office user. The current building schedule calls for the final completion of the space sometime in 2021.

New York County     

Marx Development Group obtained an $88 million loan for a Marriott hotel it’s developing in Hudson Yards. The funds will be used for the project’s vertical construction, starting after the foundation is poured. The hotel’s construction is expected to conclude in late 2019. The hotel project will be located at 450 Eleventh Ave. on the corner of West 37th Street in Hudson Yards. The 42-story hotel will span approximately 235,000 square feet, having 441 rooms and 3,000 square feet of retail.

Brookfield Properties has selected Irvine, CA-based luxury brand Pendry Hotels to operate a hotel property within its Manhattan West development in the Hudson Yards district. Construction is expected to begin in the third quarter of this year on the Pendry Manhattan West hotel that will feature 164 rooms, including 30 suites. The property, which marks the flag’s entrance into the New York City market, is also expected to have a signature restaurant, a lounge, open-air terrace bar as well as meeting and event space. The Pendry Manhattan West hotel at the 7-million-square-foot mixed-use development is scheduled to open sometime in 2021.

NYU Langone Medical Center is growing its footprint at Vornado Realty Trust’s One Park Avenue considerably after inking a 150,000-square-foot expansion at the Murray Hill office building. The deal will take the hospital and medical school’s footprint to roughly 630,000 square feet at the 20-story, 947,000-square-foot property between East 32nd and East 33rd Streets. The medical center has also continued to grow in other areas of the city as well, having recently struck a deal to take all 200,000 square feet of space at Boston Properties’ 159 East 53rd Street in Midtown East for outpatient doctors’ offices. NYU Langone is also expected to open Kimmel Pavilion, its new 21-story, 830,000-square-foot hospital building at 424 East 34th Street.

Queens County

A New York City candy factory that was devastated by Superstorm Sandy has finally reopened for business. The Madelaine Chocolate Company located along Rockaway Beach in Queens had been one of the biggest employers in the borough.. Today, there's a revitalized factory helped by a $20 million loan from the Small Business Administration. The rebuilt factory now has electronics above the machinery, so if the water floods it again, the damage will not be as severe.

Lowe’s Home Improvement is set to move into a massive Queens site after the plan received approval from the city’s Board of Standards and Appeals this month. The hardware giant signed a 15-year lease with Ashkenazy Acquisition Corporation, which owns the Douglaston Plaza Shopping Center. The retailer will move into a 110,000-square-foot space replacing sections of a now-shuttered Macy’s and a cinema, MovieWorld, on the lower level. It will also require the removal of 100 parking spaces to expand the site.

Richmond County

The state Board of Regents has approved the proposal to establish the Bridge Preparatory Charter School, dedicated to meeting the needs of students who have dyslexia and other language-based learning difficulties. Like other charter schools, Bridge Prep will be tuition-free, and the application process will be open to all Staten Island students. Available seats will be filled by lottery. Now that the application has been approved, Bridge Preparatory Charter School will begin planning the logistical aspects of the school in the coming weeksincluding recruitment of staff, recruitment of teachers, recruitment of facilities and recruitment of funds.

The Staten Island Mall is growing its footprint to meet the demand for brick-and-mortar retail in the borough. The first retailer to open in the new wing of the Mall was Zara, an apparel retailer, in late April followed by Ulta Beauty in May. Shake Shack opened earlier this month, and Tommy's Tavern + Tap, a bar/restaurant, is slated to open July 15.

 

May 2018 

Bronx County  

None

Kings County 

Hispanic-focused television network HITN is expanding its New York headquarters at the Brooklyn Navy Yard. The broadcast and TV production nonprofit will more than double its space at Building 292, a 4-story, 250,000-square-foot site at the northernmost section of the 300-acre campus, which is controlled by the city. Mike Nieves, president and CEO of HITN, said the space will be used to increase the size of the network's production facilities. HITN has estimated it will add 50 to 60 jobs in the expansion. It presently has 57 employees, according to the Navy Yard. HITN will invest $14 million in the build-out. Nieves said the expansion will be complete by the end of 2020.

New York County     

Mount Sinai Health System opened its second Manhattan practice as part of a joint venture with National Jewish Health. The new practice will offer treatment for respiratory ailments including asthma and chronic obstructive pulmonary disease. The specialty hospital also has joint ventures with Saint Joseph Hospital in Denver and its parent, SCL Health, and Jefferson Health in Philadelphia. NJH generated $7.4 million in revenue from these joint ventures last fiscal year, which ended June 30.


Cannabis retailer MedMen opened its first dispensary in New York City as part of a bet on growth in the state. MedMen, based in Los Angeles, paid $26 million last year to acquire a firm that held one of two licenses for a dispensary in Manhattan. The dispensary is on Fifth Avenue, just a few blocks from Bryant Park and the New York Public Library. The shop will be open for on-site consultations with pharmacists to determine best-fit remedies for chronic pain and other ailments diagnosed by a doctor.


Away, a retailer of specialized luggage, was granted $4 million worth of state tax breaks for moving its headquarters to a larger location in Soho. The firm will move to 82 Mercer St., where it will occupy 56,000 square feet. Away employs more than 150 people and agreed over the next five years to add 249 jobs.

Queens County

None

Richmond County

BFC Partners, the developer of Empire Outlets, just signed a five-year lease with Old Navy. The casual and affordable family clothing store will open its doors alongside 100 other retailers in what’s billed as New York City’s first and only outlet mall. The Old Navy outlet will occupy a 13,382 square-foot space in the 340,000 square-foot, Staten Island shopping complex that’s scheduled to open this fall.

The developer of a new $350 million outlet mall on Staten Island is injecting more luxury into it. BFC Partners, which is building the 350,000-square-foot Empire Outlets, just signed a deal with Brooks Brothers. The upscale apparel brand will open in a 4,040-square-foot store at the retail complex, which BFC said will be finished in the fall.

 

April 2018  

Bronx County  

Wal-Mart-owned e-commerce site jet.com is growing its footprint in the city by leasing a space considered by its rival, Amazon. Jet has leased the entirety of a roughly 200,000-square-foot warehouse building at 1055 Bronx River Ave. to bolster its delivery capabilities in the five boroughs.

The NYC City Council approved a plan to demolish the former Spofford Juvenile Detention Center and replace it with middle-class and low-income housing, retail units, industrial space, a nonprofit and arts center, a small-business incubator and a 1.2-acre public plaza. The plan calls for 740 apartments to be priced for households earning 30% to 90% of the city’s federally-set area median income. Development of The Peninsula will occur in 3 phases, with phase I to be completed in 2021, phase II to be completed in 2022 and anticipated completion of phase III in 2024. The project is expected to create 177 permanent jobs and more than 1,600 temporary construction jobs.

Kings County 

None

New York County     

Target plans to open three small format stores in New York City as part of its nationwide strategy to attract younger shoppers. This includes expanding into urban areas, dense suburban neighborhoods and near college campuses where its traditional big box stores just don’t fit. The nation’s second largest retail discount store will open small stores on Manhattan’s Upper East Side, in Astoria, Queens and on Staten Island.

Supermarket chain Morton Williams will open soon at 1251 Third Ave., at East 72nd Street — the former home to sportswear store Talbot’s that has been vacant for over two years. Family-owned Morton Williams has 16 New York City locations. Construction has begun and the market is expected to open this year.

Queens County 

Target plans to open three small format stores in New York City as part of its nationwide strategy to attract younger shoppers. This includes expanding into urban areas, dense suburban neighborhoods and near college campuses where its traditional big box stores just don’t fit. The nation’s second largest retail discount store will open small stores on Manhattan’s Upper East Side, in Astoria, Queens and on Staten Island. The Astoria location is scheduled to open in 2022. It will be Target’s third small format store in Queens, alongside the Forest Hills location and the Jackson Heights store to be opened in 2019.

Richmond County  

Target plans to open three small format stores in New York City as part of its nationwide strategy to attract younger shoppers. This includes expanding into urban areas, dense suburban neighborhoods and near college campuses where its traditional big box stores just don’t fit.The nation’s second largest retail discount store will open small stores on Manhattan’s Upper East Side, in Astoria, Queens and on Staten Island. The Staten Island store will be Target’s first small format store in that borough. Target has signed a lease with Kimco Realty for 46,000 square feet as the sole tenant in the Forest Avenue Plaza, near the intersection of Forest Avenue and Marianne Street. It plans to open in 2019 and offer services like a CVS Pharmacy and Starbucks.

 

March 2018 

Bronx County  

Gilbane Development Company, along with Hudson Companies and Mutual Housing Association of New York, was selected by New York City Economic Development Corporation and Department of Housing Preservation and Development to transform the former Spofford Juvenile Detention Center in the Bronx’s Hunts Point community into a 5-acre campus featuring affordable housing and recreational space. The $300 million project will create 740 units of affordable housing; 52,000 sq. ft. of publicly accessible open space; 50,000 sq. ft. of light industrial space; 53,500 sq. ft. of community facility space; and 15,000 sq. ft. of commercial space. Called “The Peninsula”, the project’s development will occur in three phases. The first phase is expected to be completed in 2021, the second phase in 2022, and the third phase in 2024. The Peninsula is comprised of a five building that will provide 100% affordable housing for a diverse range of New Yorkers; from students to seniors to families. The expansive campus includes a mix of commercial and industrial businesses that will anchor The Peninsula, as well as a health and wellness center and educational and job training programs. The project is expected to create 177 permanent jobs and more than 1,600 temporary construction jobs.

Kings County 

None

New York County     

A Business software company founded in Bucharest in 2005 by a former Microsoft engineer has just raised $153 million on the eve of its move into a new Manhattan headquarters. UiPath, which specializes in the fast-growing sector known as robotic process automation, will use the money to fuel global expansion. It will also add machine learning and artificial intelligence algorithms to its digital “robots,” which perform back-office tasks. UiPath’s software, utilizing “computer vision,” can read and process everything from invoices to insurance claims. The company moved to New York in April and settled its marketing, sales and global administration staff in a Midtown WeWork space. In May, topping off a year and a half of rapid growth, UiPath expects to move its 100 New York employees into a 26,000-square-foot space across two floors at 90 Park Ave., in Midtown. The company is also opening offices in Washington, D.C.; Houston; Munich; Amsterdam; and Seoul. It expects to have more than 1,000 employees by this summer

Founded in San Francisco in 2013, Flexport opened a New York office in August 2016. But since then, the freight-logistics tech startup has blown past its expectations for its Northeast business and has signed a lease for a new office that’s more than double the size of its current one. The company expects to move into its new, 23,000-square-foot location at 111 W. 19th St. in July. San Francisco is still the company’s largest office, with about 300 staffers, but New York is expected to eventually take the lead. In the past two years the New York offices head count jumped to 70 from just three. The new office will have room for 200 employees, though the current plan is to expand to around 175. Flexport handles shipping, customs and tracking logistics for a wide variety of companies.

Queens County 

None

Richmond County  

Construction of the $180 million Boulevard shopping center that will replace the former Hylan Plaza is on track to be complete in fall 2019, according to its developer, the Long Island-based Kimco Realty. The demolition of the former Hylan Plaza shopping center is complete. The new shopping center will be anchored by ShopRite and Alamo Drafthouse Cinema. Alamo Drafthouse Cinema will offer a 41,000-square-foot dine-in movie theater with about 1,000 seats and nine or 10 screens, according to Kimco. When the new ShopRite of Hylan Boulevard opens it will be much more than a supermarket. An in-house pizzeria run by Staten Island restaurant operator Reggiano's Brick Oven Pizza, and a sit-down cafe with seating for 50 people will be included in the layout of the new 80,000 square foot supermarket. Leases already signed include Ulta Beauty, PetSmart and Chase. Modell's, which currently exists in a free-standing location on the property, will take up space in the new multi-level shopping center. Mandee's and GameStop, which were located in a portion of Hylan Plaza that was knocked down, will have stores in the new shopping center. Party City will also be moving from its current location at 2189 Hylan Blvd. to a 13,000-square-foot store in The Boulevard, according to the developer. The fourth Staten Island-based LA Fitness will open in The Boulevard.

Shoe brand Crocs has become the latest retailer to sign on for space at a soon-to-be-open discount mall in St. George, Staten Island. The company, famous for its molded-foam clogs, has leased 2,000 square feet at Empire Outlets, a 350,000-square-foot outlet center being developed by BFC Partners and scheduled to be finished in the fall. The store is one of several major brands that have taken space at the complex, a collection of retail buildings interspersed with 3 acres of outdoor space.

 

 

February 2018 

Bronx County  

None

Kings County 

None

New York County    

Kallyope, a medical start-up based in NYC, aims to develop new drugs by studying the way the brain and the digestive tract communicate through hormones and specialized cells with plans to focus on metabolic issues, including obesity and diabetes, and central nervous system disorders such as Parkinson’s disease. Kallyope is based on East 29th Street at the Alexandria Center for Life Sciences, a privately developed, 728,000-square-foot campus that houses Big Pharma tenants Eli Lilly & Co., Pfizer and Roche. Kallyope plans to expand from 44 to 60 scientists by the end of the year, with plans to hire more as the results of their research are revealed.

Google’s parent company, Alphabet, has reached an agreement to acquire Chelsea Market, an office and retail building across the street from the tech giant’s New York City headquarters, for $2.4 billion. Google already occupies at least 400,000 square feet in the roughly 1.2 million-square-foot Chelsea Market and owning the property will allow the company to expand its footprint farther. Jamestown, the real estate investment firm selling Chelsea Market to Google, also won approvals from the city in 2012 to add almost 300,000 square feet of space on top of the property—development rights that could allow Google to create state-of-the-art space.

Days after the news that Google’s parent company is purchasing a building next to the tech giant’s New York headquarters, Google has reached a tentative deal to grow even more in the city. Under the proposed arrangement, the company will expand at Pier 57, a large building on the Hudson River across the West Side Highway from West 15th Street. Google had previously agreed to lease 250,000 square feet at the complex and will now add another 70,000 to its offices there. It will lease an additional 50,000 square feet for public, cultural and educational activities and will also create a landing for ferry service. RXR, the developer of the site, has stated it is aiming to finish the pier project by the end of 2019.

Gothamist, the local news site that was shut down along with DNAinfo by their owner in November of 2017, is expected to be back in business by the spring. The site’s rescue was announced today by public radio station WNYC, which began talks in December to acquire the property and concluded a deal a week ago for the key assets of both Gothamist and DNAinfo, including their web archives and internet domains. For WNYC, the deal is about strengthening local coverage at a time when its business model is under siege—and continuing the expansion of the station’s own footprint, which has been growing on the strength of its podcasts and programming.

New York City is pushing to become the country’s cybersecurity hub, and has attracted several firms in recent months with a $30 million initiative. Jerusalem Venture Partners, an Israeli-based investment firm focused on cybersecurity startups, will announce this week it is reopening an office in New York in a bid to bring more Israeli companies to the city. Two other cybersecurity companies founded in Israel, D-ID and Intezer, are also opening offices in New York. They join Team 8, an Israeli cybersecurity think tank, which recently opened a hub in the city and Bay Dynamics, which relocated its headquarters from San Francisco to New York last year.

Campari America will be moving from San Francisco to the heart of New York City’s Midtown in the fall of 2018. The US subsidiary of Campari Group, the world’s sixth-largest spirits company according to its website, has signed a 10-year lease to occupy 64,648 square feet, the full 18th and 19th floors in the Grace Building. Owned by Brookfield Properties and the Swig Company, the Grace Building is a 48-story, 1.6 million square-foot, LEED Platinum-certified property. It is located at 1114 Avenue of the Americas, between W. 42nd and W. 43rd streets, across from Bryant Park. The new offices will house approximately 165 employees. It will accommodate the entire US team including marketing, finance, accounting, legal, human resources, product supply chain, IT and sales operations. The company offered all eligible employees relocation from San Francisco to New York but anticipates additional hires at the new office. Field sales teams will not be affected.

Queens County 

Newsday will be printed and transported to Long Island by The New York Times Co. from its production facility in College Point, Queens. Newsday, the commuter newspaper amNewYork and other Newsday Media Group products will begin to be printed in Queens later this year. The decision will mean the loss of 225 full-time jobs and about 300 part-time jobs, according to Local 406 of the Graphic Communications Conference of the International Brotherhood of Teamsters, which represents the affected employees. Under a labor contract ratified in January, all of the affected workers will receive severance and a majority of the full-time people will be eligible to work at The Times plant in Queens.

The Estée Lauder Cos. is reducing its presence in Melville, moving dozens of information technology jobs to a new office in Long Island City, Queens, according to an employee announcement. The number of affected employees is less than 10 percent of Manhattan-based Estée Lauder’s Melville workforce.  Estée Lauder’s new technology hub will be in rented space at 1 Queens Plaza North and will open in July. Many IT employees based in the New York area will transition to the new space in Long Island City.

Richmond County  

Triangle Equities, the developer of Lighthouse Point -- a $250 million, 115-unit luxury apartment complex to be equipped with retail, office space and a Westin Hotel in St. George -- has signed a lease to open a fresh food market in the fall. Lighthouse Point Market will offer healthy, affordable options -- including prepared foods, fresh breads, produce and meats -- in a 7,000-square-foot space equipped with parking for 300 cars.

January 2018  

Bronx County  

Developers of the nearly 1,000-unit La Central project in the South Bronx announced they have secured $335 million in financing for two buildings in the affordable-housing project—despite federal tax reform punching a $20 million hole in the budget. The $600 million La Central project, which was approved in the fall of 2016, is one of the biggest residential developments underway in the city. When finished it will comprise five buildings, a skate park, retail and a new branch of the YMCA. A partnership between Hudson Cos., BRP Cos., ELH Management, Kretchmer Cos., Breaking Ground and Comunilife scored the financing from public and private sources for two buildings slated for completion in 2020.

Kings County 

The design and engineering giant AECOM has opened an office at Industry City as the firm's portfolio of Brooklyn projects has grown. The company has leased 15,000 square feet at the Sunset Park complex and in recent weeks began occupying the space, which it is using to house about 80 employees in its urban design group. AECOM is handling design work for the triple cantilever, a section of the Brooklyn-Queens Expressway in Brooklyn Heights that is being rebuilt and involves a complex structure supporting the north and south lanes of the roadway and a pedestrian promenade above. The company is also involved in design work for sections of the Belt Parkway that are being rebuilt. Ward said that staff working on those projects would operate out of the Industry City space.

New York County    

Discovery Communications, the company that runs the Discovery Channel and several other cable networks is headed to New York City. Discovery told its employees that the move will happen by 2019. Approximately 1,300 people work at Discovery Communications in Maryland and a portion of the workforce will remain in Maryland, although it’s not yet clear what departments and how many people are expected to relocate.

Siemens has reached a deal to move its U.S. mobility division to 1 Penn Plaza. The German engineering and manufacturing company signed a lease to take 35,000-square-ft space, which also includes an option for Siemens to expand later. The bulk of the new space will be the national headquarters for Siemens' mobility division, which is relocating from 498 Seventh Avenue. The firm plans to move in by July.

Update: As a subsidiary of CVS Health Corp., Aetna Inc.. may have to adjust its plans to move to a new headquarters in New York City, which the company announced last June. Aetna’s move to New York was motivated by a need for workers in the knowledge economy: software developers, data specialists, and others. Aetna had planned to move more than 250 executives, with about 6,000 employees remaining in Connecticut. Although nothing definite has been announced, Aetna’s new parent company, CVS said that “…all Aetna locations will be evaluated during the integration planning process.” In the meantime, the NYC EDC cancelled the $9.6 million incentive package Aetna was offered for the move, although the company could still take advantage of $24 million performance-based tax credit offered through the ESD.

T.J.Maxx is doing so well at 250 W. 57th St. that it has extended its lease to 2030 and is expanding. The fashionista hot spot now includes the first and second floors, covering 27,400 square feet, and will gobble up the entire third floor of 19,000 square feet — for a total of 46,400 square feet. The store is opposite the upcoming Nordstrom’s department and men’s stores.

The Pod Hotels brand is expanding its New York City footprint with the opening of its flagship location in Times Square. The 28-story hotel, located at the intersection of 42nd Street and Ninth Avenue, opened its doors 1/23/2018, making it the biggest Pod Hotel to date, among the current five locations. BD Hotels, the group that runs the Pod Hotels brand, has upped the ante just a little bit at this newest location. In addition to its hotel rooms, Pod Times Square will also have 45 apartments that will be available for short-term and long-term leasing.

Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton, announced the opening of a newly-built hotel in New York City’s Midtown Manhattan. The hotel venture marks a significant milestone as the only full-service Hilton in the Midtown central and south areas. Embassy Suites by Hilton New York is located at 60 West 37th Street.

Queens County 

The fast-food chain Carl's Jr. said it will make its Manhattan debut at the end of the month. The franchise will open a restaurant across the street from Penn Station. The chain also opened a Coney Island location earlier this month. The chain currently has more than 1,300 restaurants, but fewer than 10 of them are located east of Oklahoma.

A North Shore Farms store will open in a former Waldbaum’s location in the Whitestone section of Queens this year and another will open in a former A&P space in Westchester County’s Mamaroneck in early 2019. Last week, North Shore Farms announced its plan to open a seventh Long Island store in a former Waldbaum’s location in Hauppauge this spring. North Shore Farms’ new stores will open in spots formerly occupied by supermarkets that closed when their parent company, Great Atlantic & Pacific Tea Co., filed for Chapter 11 bankruptcy protection in 2015. North Shore Farms plans to open its 23,000-square-foot Queens store this year, to be leased from the Feil Organization.  Its Westchester store will open in a space in Mamaroneck Centre that North Shore Farms is renovating and leasing from Brixmor Property Group.  Brixmor also will add 13,000 additional square feet of space for small shops in Mamaroneck Centre.

 

Richmond County 

Ikea announced plans to open a 975,000-square-foor fulfillment center on Staten Island in late 2018. The Swedish furniture giant is slated to open a warehouse in the Matrix Global Logistics Park, where Amazon recently announced plans for a fulfillment center. CEVA Logistics will operate the warehouse, which is expected to create 200 jobs, paying between $16 and $65 per hour. The NYC EDC said Ikea is slated to receive $1.2 million benefits from Con Ed, and a total of about $1.2 million in waived city and state sales tax on equipment purchased as a part of the project. 

As part of its expansion project, The Staten Island Mall has announced it will be adding international grocer, Lidl, to its list of new tenants. Lidl -- a grocery store with roots in Germany -- will be the first supermarket tenant at the more than four-decade-old New Springville Mall that is currently undergoing a major overhaul. The retailer will take up about 36,000 square feet in the Mall.

The Nicotra Group has entered into a partnership with Brooklyn Grange to manage a 40,000-square-foot organic rooftop farm at Corporate Commons Three, which is being built in Bloomfield. Brooklyn Grange -- a leader in rooftop farming -- will design and operate the farm, which will sit atop an eight-story office building being constructed on an 8.5-acre site inside The Teleport.

 

December 2017

Bronx County  

None 

Kings County 

Whole Foods Market 365 will open its first East Coast store at Two Trees Management’s property located at 300 Ashland in Fort Greene, Brooklyn. The opening of the 40,000 square-foot natural foods supermarket is scheduled for Jan. 31, 2018. The Whole Foods Market 365 chain offers organic, natural, health foods at less expensive prices.

Call9, a technology and medical startup, is more than tripling the size of its Sunset Park, Brooklyn, office after raising $24 million in venture capital funds three months ago. The fast-growing firm is moving into a 14,500-square-foot office at Industry City, upgrading from a smaller 4,500-square-foot space it has had since coming to the complex a year ago. Call9 provides medical staffing at nursing homes along with the technology and software to remotely connect that personnel with off-site physicians who can attend to medical situations and emergencies in real time. Call9 was accepted into the Start-Up NY program, a state incentive that allows companies to save on taxes within designated zones, including Sunset Park. Peck said the new space will allow the company to more than double its 35 office employees.

New York County    

Mastercard is expanding its New York City Technology Hub, leasing the entire 212,000 square-foot, 11-story building at 150 Fifth Avenue. The global payment company is relocating its employees, currently occupying 80,000 square feet on four floors of office space at 114 Fifth Avenue. The project is expected to create 473 new technology-related jobs by 2024, while Mastercard will also retain more than 250 existing research and development and tech jobs in New York City, according to the released statement. To encourage Mastercard’s expansion in New York, Empire State Development offered the company up to $13.3 million in performance-based tax credits through the Excelsior Jobs Program.

Queens County 

Regal Entertainment Group has signed a deal to open a movie theater in Sunnyside, Queens. The new 38,000-square-foot Regal Cinema will anchor a 145,000-square-foot project that will also feature medical and community facilities. Under the 20-year deal, the new cinema will take a part of the ground floor and the entirety of the second floor. The company currently operates the closest cinema to the neighborhood, United Artists Kaufman Astoria. The Sunnyside is expected to be completed in Spring 2019.

The Greenpoint Manufacturing and Design Center has acquired an 85,000 square-foot, former bicycle factory in Ozone Park, Queens. It plans to perform a gut renovation of the three-story structure with seventy-five thousand square feet of rentable space converted to production areas accommodating 20 to 25 small manufacturing businesses and up to 80 skilled workers. The facility is expected to open in the spring of 2019. GMDC forecasts the project to create 147 full-time construction jobs.

Richmond County 

For the second time, the opening date for Empire Outlets on Staten Island has been pushed back. Now, New York City's first outlet mall is scheduled to open in the fall of 2018. Initially set to open on Black Friday 2017, the opening date was pushed to March 2018 earlier this year to better coincide with the opening of the NY Wheel, which was being built adjacent to the outlets site. While that project remains in limbo after the NY Wheel developer fired its contractor in May, the outlet developers claim that the new delay for the mall is a good thing. The developers said that there has been a great deal of new interest in the project and that Empire Outlets is looking to include a number of well-known chains in the future mall roster.

Five Guys -- a chain restaurant known for its array of burgers and Kosher-style hot dogs -- is opening a nearly 2,000-square-foot location in New Dorp in January 2018. The second Staten Island location of the popular chain restaurant will open in the Tysens Park Shopping. The first Five Guys opened in New Springville in 2012. The new restaurant will seat 30 partons and employ about 45 people.

November 2017 

Bronx County  

None 

Kings County 

Sahadi's, an international foodstuffs purveyor, is preparing to open a second Brooklyn location. The new store will offer many of the same Sahadi-brand products, including hand-blended spices and homemade breads and pies, but with the added element of letting customers watch how the food is made. The new store, which is now scheduled to open late next year, will be in the Park Slope neighborhood of Brooklyn.

Fashion company Lafayette 148 New York is expanding its future headquarters in Brooklyn. The company is adding about 28,000 square feet to the 68,000 square feet it has already committed to at Building 77 in the Brooklyn Navy Yard. Building 77 has much larger floors than the firm’s current home at 148 Lafayette St., allowing it to expand while consolidating operations onto fewer floors. The space in the Navy Yard will house the bulk of the staff, including executives, sales and marketing personnel, designers and those who sew.

Brooklyn Boulders, which launched in Gowanus in 2009 before expanding to Long Island City in 2015, is aiming to lease 121 Morgan Ave. in Bushwick, Brooklyn, which, at about 35,000 square feet, would be the climbing chain’s largest outpost in the city. The facility will feature climbing walls that reach 40 feet or higher—taller than those at the Gowanus and LIC locations, which top out at 30 feet.

New York County    

Accounting and consulting firm EY announced a deal to take 600,000 square feet at One Manhattan West, a 67-story office tower being built by Brookfield. The company will occupy floors six through 22 in the 2.1-million-square-foot building. In exchange for a pledge to create 1,152 jobs in the next seven years, EY received $12 million in tax breaks through the state’s Excelsior Jobs Program. Right now, the company employs about 10,000 people in the city, most of whom work at 5 Times Square.

Three years after launching its ride-hail service in New York, Lyft announced that it is opening its first permanent office in the city. The 11,000-square-foot space at 245 West 17th Street will have room for 80 employees. They will include sales, marketing and engineering staff focused on infrastructure, marketplace, and work relating to autonomous vehicles.

Newell Brands, which owns a portfolio of household and consumer brands that includes Rubbermaid, Oster and Sunbeam, is opening a Dumbo office to support its growing e-commerce business. The company, which is based in Hoboken, signed on for 47,000 square feet at Empire Stores, a once-derelict warehouse at 53-83 Water St. on the Brooklyn waterfront that has recently been redeveloped into a creative office building with ground-floor retail space. "Newell Brands' new office in Dumbo will contribute to Brooklyn's thriving tech ecosystem and create hundreds of new, high-paying jobs for New Yorkers," ESD president and CEO Howard Zemsky said in a statement.

 

Queens County 

UPS signed a long-term lease for two large sites in Brooklyn and Queens spanning a total of 1.7 million square feet. New distribution centers will likely occupy both sites. One is the 12-acre Red Hook site, which holds six buildings spanning 350,000 square feet and offers a total of 1.2 million buildable square feet. The other site is a 475,000-square-foot warehouse in Maspeth, Queens, which was long used as a Duane Reade distribution center until it shuttered in May of 2017.

Richmond County 

The Swedish furniture giant Ikea is in negotiations to open a 975,000-square-foot warehouse distribution center in Matrix Global Logistics Park in Bloomfield. While the international company has yet to sign a lease, it has been engaged in negotiations to occupy the first building constructed at the 200-acre Matrix Global Logistics Park Staten Island.

 

October 2017 

Bronx County  

None 

Kings County 

Marketing firm Translation Advertising is growing its presence on Jay Street in Brooklyn’s Dumbo neighborhood. The firm, which is currently located in Midtown Mahnattan, took about 31,000 square feet at 10 Jay St. last year and will now occupy about 46,000 square feet with the expansion. The company will consolidate its operations at the new office and also plans to hire new staff once the move is complete early next year.

A Japanese cuisine–themed food market is about to open at Industry City, the sprawling creative office and manufacturing campus in Sunset Park, Brooklyn. Called Japan Village, the 20,000-square-foot space is designed to emulate other ethnic food halls, like Eataly and Le District, but with an Asian cuisine that has not been featured as expansively elsewhere. The market will be the largest among a growing collection of food purveyors at the complex, part of an effort by the property's partners to animate the once derelict campus with retail and outdoor spaces that attract visitors and serve as amenities for the building's office tenants. Japan Village will be located in Building 4 at Industry City in a space abutting a courtyard and Third Avenue. The new market, scheduled to open in the spring, is expected to feature a wide menu of foods offered through individual purveyors, including baked goods, matcha drinks, sweet rice cakes, noodles, sushi and a salad bar featuring Japanese vegetables, as well as street food such as savory pancakes and octopus balls.

 

New York County    

Group Nine Media, the company behind popular sites including Thrillist, is more than doubling its space at 568 Broadway. The company is renewing its lease at the 11-story SoHo property and adding another 60,000 square feet, bringing its total presence to about 100,000 square feet. The expansion deal would allow the company to consolidate all of its projects at one location, as well as adding space for future hiring needs.

A startup that launched in 2013 as a marketplace for unwanted gift cards has raised $60 million in its third major funding round. Raise, which calls itself the world's largest gift-card marketplace, also works with brands to market discounted, pre-paid payment cards. The company will be using some of its new investment to expand its operations in New York. Currently, Raise plans to hire 40 to 50 with product designers, mobile engineers, and sales people over the next year.

PepsiCo Inc. has created a 200-person business unit that’s tasked with spurring online growth in a fast-evolving grocery landscape. To further set the online business apart, it’s located in midtown Manhattan—about an hour from the company’s suburban headquarters in Purchase, New York. The group is focused on marketing and packaging PepsiCo’s products for online sellers, including Amazon.com Inc. and Box Inc., as well as traditional brick-and-mortar grocers that are trying to boost their digital footprint.

Amazon Inc. is set to open a large new office in New York City and create 2,000 high-paying jobs. The e-commerce giant, which already has several locations across the city, will expand its presence with a 359,000 square-foot office in Manhattan that will employ people in finance, sales, marketing and information technology earning an average of $100,000 annually. The company was offered as much as $20 million in performance-based tax credits through Empire State Development’s Excelsior Jobs Program to encourage further expansion. Although the exact timeline for hiring is still unclear, all jobs are expected to be filled by the end of 2018.

International entertainment operator Parques Reunidos plans to open an entertainment center where visitors will be able to live out the scenes when the plot thickens at some of Lionsgate’s most popular and top-grossing films. Fans wanting literally more drama in their lives will be able to join The Hunger Games, and in person add to the trilogy in the dystopian Chicago of Divergent. SJP recently signed a lease with Parques Reunidos for the opening of “Lionsgate Entertainment City” as the anchor tenant to bring visitors to the over 1.1 million-square-foot commercial tower at 11 Times Square. The build-out is estimated to take two years and to cost approximately $30 million. The opening is scheduled for August 2019.

Queens County 

A hotel with 194 rooms is on its way to Coney Island. The seven-story project from developer Gal Horowitz would rise at 2201 Neptune Avenue and span 95,450 square feet, according to plans filed with the Department of Buildings. The building would be divided up into 81,582 square feet of commercial space and 13,968 square feet of community space, and it would replace a one-story public facility currently on the site.

Richmond County 

Demolition of a portion of Hylan Plaza will begin this fall when construction commences on a new $180 million Boulevard shopping center to be anchored by ShopRite and Alamo Drafthouse Cinemas. The Boulevard -- a new 460,000-square-foot shopping center -- will be built in multi-level "Main Street" format. The section of the shopping center that formerly housed KMart, Toys R Us, Hylan Plaza movie theater and other retailers will be demolished when construction begins this fall. The project has gotten all the necessary city approvals for work to begin, and it's hoped construction will start next month. The project is expected to be complete in fall 2019.

A 10-auditorium, nearly 1,000-seat movie theater under construction in Charleston's Bricktown Commons will open next summer. Regal Entertainment signed a lease earlier this year to open a 90,000-square-foot movie theater in Charleston's Bricktown Commons. The theater, which will not be a dine-in venue -- is expected to be open for business in summer 2018.


 

September 2017

 

Bronx County  

Burlington Coat Factory (now known as Burlington) and Marshall’s are taking the South Bronx by storm. The two discount clothing retailers will open new stores early next year at 2948 Third Avenue, in a growing commercial swath of Melrose known as the Hub. Burlington will occupy 55,000 square feet, and Marshall’s will take 25,000 square feet. Renovation and expansion of the four-story, 120,000-square-foot retail property between East 152nd and East 153rd Streets is currently underway. Construction is set to finish by the end of the year

Kings County    

Ample Hills Creamery is opening a new factory in the historic building in Red Hook neighborhood of Brooklyn. At capacity, the 15,000-square-foot factory will produce about 1 million gallons annually. It will be the only ice cream plant of that size in all five boroughs of New York City when it opens in late September. The space will include a scoop shop, the bakery, and the dairy floor.  The small company had hit it big when it became the official ice cream of the Star Wars franchise, selling 40,000 online in the space of two weeks. In addition to the factory, the scoop shops, the team is working on growing their sales on Amazon and expanding nationally – all coming in 2018.

The Brooklyn off shoot of the NYU Langone Hospital is planning an $83.7 million ambulatory surgery center in Sunset Park, as its health system parent organization continues to invest in the Brooklyn campus it acquired in 2015. The new ambulatory surgery center will include six operating rooms and handle cases in orthopedics, general surgery, ophthalmology, otolaryngology, vascular surgery and breast surgery.

 

New York County    

Cornell Tech campus officially opened its technology-focused graduate school 09/13/2017. CIty officials hope the school will encourage the growth of the New York City tech sector. The campus was born of a 2010 competition started by the Bloomberg administration, which invited top-flight universities to compete to open an applied-science graduate center. Cornell University and its partner, the Technion-Israel Institute of Technology, were declared the winners and awarded $100 million along with a stretch of city-owned land on Roosevelt Island. “High-tech companies and new, small companies that will be the next big companies, they tend to be created where the founders go to school,” the former mayor Michael R. Bloomberg said in an interview. “You see that in Silicon Valley. Here was a chance to get a bunch of people educated and create the economy of the future for New York City.” To create that economy, Cornell Tech will offer about a dozen masters and Ph.D. programs in fields like information science and electrical and computer engineering. It has been operating out of the Google building in the Chelsea neighborhood of Manhattan since 2012. This will be the first academic year the institution, which now has about 300 students and 30 faculty members, will have its own home

Pearl River Mart, once a casualty of Manhattan’s skyrocketing retail rents, is now in expansion mode. The eclectic Asian-goods emporium only last November reopened in Tribeca after annual rent at its former SoHo home was about to increase from more than $1 million to $6 million. Now, the family-run retailer is planning to open another 3,500 square-foot store at Chelsea Market, a collection of mostly independent specialty shops and food vendors at the base of a former industrial building at 75 Ninth Ave. in Manhattan’s Chelsea neighborhood.

The clothing and home goods chain Muji opened its first Brooklyn outpost in Williamsburg in early September, and now it has leased space for another Manhattan location. The multinational retailer will take 13,000 square feet at 127 East 59th Street between Park and Lexington Avenues. The East 59th Street store will be Muji’s eighth in the five boroughs. The space, formerly home to cookware seller Williams-Sonoma, spans 5,700 square feet on the ground floor and 7,500 square feet below grade.

Queens County 

None 

Richmond County 

In an update to a recently reported news item, Amazon.com Inc. is opening its first fulfillment center in New York, part of an ongoing push to store inventory closer to customers to enable faster deliveries. The new 855,000 square-foot facility is planned for Staten Island. It will create more than 2,250 full-time jobs and feature innovative technology including Amazon Robotics working alongside employees to pick, pack and ship items.

 

 

August 2017 

Bronx County  

Boston Market, the rotisserie chicken eatery, announced further expansion plans in the greater New York City area with the opening of new restaurants this year. New locations are now open in Parkchester and at The Crossings at Southern in the Bronx, with an additional property scheduled to open at Bruckner Plaza in the fourth quarter. The openings come as part of the company’s 2017 expansion plan, and includes opening 14 new locations both domestically and internationally, three of which are in the New York metropolitan market.

A vacant Bronx lot in the Bronx’s Eastchester neighborhood will make way for a 127-room hotel. The project comes from developer Rajan Tewar, and it will be located at 3456 Conner Street in the northeast Bronx, according to plans filed on with the Department of Buildings. The project will be five stories and 61 feet tall, span 52,305 square feet and be located next to a bus depot along the New England Thruway. Elsewhere in the borough, prolific hotel developer Nehalkumar Gandhi filed plans for a new hotel. His will contain 66 rooms and be located in Tremont at 1893 Washington Avenue.

Kings County    

This October, luxury home furnishings retailer Mitchell Gold + Bob Williams will be opening a 10,000-square-foot store and upholstery repair shop in Sunset Park’s Industry City, Commercial Observer has learned. The lease is for 10 years. The company, founded in 1989 in rural North Carolina by Mitchell Gold and Bob Williams, manufactures and sells luxury home furnishings, including upholstery, lighting, rugs, accessories and wall art. 

New York County    

Manhattan startup Healthify raised $6.5 million in a Series A funding round led by BlueCross BlueShield Venture Partners. The company offers a software platform that helps managed-care plans and health care providers find available social services and coordinate referrals. Healthify allows customers to search for available services, track patients' social needs and referral patterns, and coordinate with community-based organizations, documenting when referrals are completed. The company currently employs about 30 people and plans to double that number in the next year.

The Walt Disney Co. is more than doubling what was already the largest television production project in the state with an extension of its live-action miniseries set in New York City and produced by Marvel Television for Netflix. The original agreement, made in 2014, was to create four series totaling 60 episodes—which grew to more than 80—based on Marvel's heroes Daredevil, Jessica Jones, Luke Cage and Iron Fist. The success of those shows led to a new commitment by Disney to shoot a total of 135 episodes in New York by the end of 2017. Twenty-six of those episodes are in production and an additional 23 episodes will be filmed by the end of the year. Although Disney would not comment on the terms of the deal, company insiders say that Disney may spend more than $400 million on the shows.

Netflix is coming to Chelsea this fall, after signing a lease for its first office in New York City. The Silicon Valley-based streaming giant inked a deal to sublease 11,592 square feet from Twitter at 245 West 17th Street.

Queens County 

Developer Antonio Mourtil is planning to build a nine-story hotel with 48 rooms in Astoria at 30-17 31st Street, according to plans filed with the Department of Buildings. The project would be roughly 19,000 square feet and include just over 5,500 square feet of community space.

Richmond County 

Staten Island could have a new production studio by the end of 2019 after the state completed the sale of the old Arthur Kill prison site to Broadway Stages. Construction is now anticipated to begin in spring 2018 and the first sound stage is scheduled to open in 18 months. Under the terms of the deal, Staten Island Stages, an assignee of Broadway Stages, will buy the land from ESD for $7 million. Broadway Stages would invest another $20 million to erect five sound stages there. The NYC EDC officials estimated the project will create 367 construction jobs in addition to 1,311 permanent positions, with employment preference given to the local population.

 

July 2017 

Bronx County  

None

Kings County  

Muji USA, the U.S. arm of the Japan-based home goods and apparel store, opened five stores in NYC in recent years and has plans for another one, in the Williamsburg section of Brooklyn, expected to open its doors by the end of 2017.

New York County  

Broadway Technology, a financial trading solutions firm will be relocating from a 13,000 square foot office at 140 Broadway to a 25,000 square ft property on the 50th floor of 28 Liberty Street. Founded in 2003, Broadway Technology recently closed a $42 million round of investment and projects that it will need a larger office to accommodate its expected growth. Precise job numbers were not released, although the company spokesperson said that job postings will be appearing soon on the Broadway Technology's website.

Muji USA, the U.S. arm of the Japan-based home goods and apparel store, is growing its corporate office space in the city. The company signed a lease for 6,250 square feet at 250 W. 39th St., more than doubling the roughly 2,900 square feet it previously had in the building. As part of the expansion deal, Muji extended its lease at the property for roughly another decade.

Aetna, the insurance giant, announced that it would move its headquarters to New York City. Scheduled to start in late 2018, the relocation will involve 250 current and new executive and digital jobs. Aetna is also investing $89 million to transform 145,000 square feet in a building on Ninth Avenue into its new home. Besides the state tax credits, which are based on the number of new jobs Aetna creates, the NYC EDC will provide $9.6 million worth of incentives through a combination of property and sales tax credits, among other benefits. Our business services team reached out to the company, but have yet to hear back.

Amazon is opening a third physical bookstore in Manhattan. The online retail giant will be taking 7,354 square feet at 72 Spring St., between Crosby and Lafayette streets, in SoHo. The new store will take up the ground floor and the basement. Amazon opened its first store in Manhattan, at the Time Warner Center, earlier this year and will open another, in Herald Square, this summer.

Bay Dynamics, a 16-year old cybersecurity company with around 100 employees, joined an emerging trend when it announced it had moved its headquarters to TriBeCa from San Francisco. The company, which raised $23 million in a Series B funding round a year ago, has satellite offices in Atlanta, Dallas and Washington, D.C. It has been growing its New York presence over the past few years by slowly migrating its executive team to a co-working space downtown. The company now inhabits its own 12,000-square-foot space at 99 Hudson St. The prime reason for the move was location. The TriBeCa office has 20 employees, compared to 30 in San Francisco, but Bay Dynamics expects to double the number in New York by the end of the year.

Queens County 

The Aqueduct racino is doubling down on its Queens footprint. Resorts World casino at Aqueduct Racetrack is breaking ground on a $400 million expansion that will include a hotel, restaurants, retail stores, and additional slot machines. The project is expected to generate $200 million in economic activity for the city, including 1,000 gigs at the casino and over 3,000 construction jobs, casino officials said. The extension in Jamaica is expected to be finished in mid-2019.

Altice USA plans to move its headquarters from Bethpage to Long Island City, Queens, by the end of 2017 to be closer to advertisers and business partners. The provider of broadband, cable and telephone services said the move to rented space will relocate top executives and corporate departments, such as finance, human resources and communications. An undisclosed number of Altice employees will be transferred to the new headquarters from Bethpage and from an office in Manhattan. The headquarters change will be accompanied by improvements to the Bethpage office to allow for the consolidation of five satellite offices located within 10 miles of Bethpage.


The Kaufman Astoria Studios complex in Queens is adding 100,000 square feet of office and production space to meet the growing demand. Kaufman Astoria Studios broke ground last month on the project that involves the construction of a new four-story building on the site of a former parking lot at 34-11 36th St. in Astoria. The building will feature 68,000 square feet of office space and will include two production stages of 6,000 square feet and 9,000 square feet with offices on the upper floors. Among the building’s amenities are wraparound windows, high ceilings, terraces and underground parking. The new development will augment the more than 500,000 square feet of sound stages, production office and service space that currently exist at the KAS property.

Richmond County 

Amazon’s ability to quickly ship stuff to New Yorkers, from Kindle readers to kayaks, is about to get a major boost. The Seattle-based Web giant is preparing to open a massive distribution hub in the Big Apple — the company’s first major facility in New York state — by summer’s end. The Amazon “fulfillment center” will span nearly 1 million square feet on the west shore of Staten Island, amping up Amazon’s access to millions of online shoppers in Manhattan, Brooklyn, Queens and Long Island. The bold move marks a new chapter for Amazon in one of the company’s most crucial markets.

 

June 2017 

Bronx County  

York Studios broke ground on a $100 million movie studio on a 10-acre vacant lot off the Bruckner Expressway in Soundview. The production complex is about 2 miles from Silvercup Studios' new $40 million facility in the Port Morris neighborhood, which opened last August. The new production center will be the second for York Studios. According to the company executives, York specifically looked for space in the Bronx because of its easy access to Midtown, Westchester, and Queens. The first phase of construction will yield a 170,000-square-foot facility housing five soundstages and support space at a cost of $45 million. Three of the stages will be 15,000 square feet, and two will be 18,000 square feet. They are expected to be up and running by October 2018. The next phase will create three larger stages. When completed, the development will have nearly 350,000 square feet of production space. The studio is projected to generate nearly $100 million in new tax revenue for the Bronx, employ more than 400 industry professionals and create hundreds of construction jobs. The city has already approved $33 million in tax benefits for the site over the next quarter century.

Kings County  

The Hello Living company plans to build a 100-key hotel at 291 Livingston Street in Downtown Brooklyn. The 21-story project would appear to be the first hotel for what is one of Brooklyn’s most active residential developers. Plans call for a 40,721-square-foot structure with five hotel rooms per floor and coffee shop on the ground floor. Hello Living’s largest project, a 132-unit rental building at 1580 Nostrand Avenue in Prospect-Lefferts Gardens, is still under development and is expected to wrap construction in 2018.

Rabsky Group filed plans for a 104-room hotel on Bedford Avenue in South Williamsburg. The company plans to build an 11-story property at 361 Bedford Avenue, which is currently the site of a small parking lot. The developer became one of the most active firms in Brooklyn by building rentals and condos in the northern section of the borough, but has recently branched out into commercial development.

New York County  

Vericred, a Manhattan startup that sells health insurance data on plans, provider networks, and drug prices, has raised $5.5 million in a Series A funding round. When the company launched in 2014 it was using its data to power Plan Compass, a platform to help consumers choose health plans based on price and whether their doctors were in-network. But after the 2016 open-enrollment period, the company decided to move in a different direction. Vericred now sells its data to companies across the country, including fellow Manhattan startup Wellthie. The company plans to use its new funding to build its data sets and sales team, and expand from 22 to 35 employees.

The online men’s grooming products retailer Harry’s is making a “major New York City expansion” and creating new technology jobs, thanks in part to state tax credits. To encourage Harry’s expansion, Empire State Development is offering $1.5 million in Excelsior Jobs Program tax credits, as the firm moves its headquarters to NYC and hires at least 188 people over the next five years. The jobs are slated to be in software engineering and research and development.

J.P. Morgan Chase & Co. is more than tripling its office space on Midtown Manhattan's far West Side. The bank has closed on a 15-year lease deal for about 300,000 square feet at Five Manhattan West, expanding office space for its digital teams from 125,000 square feet to 428,000 square feet. J.P. Morgan, which initially took space there in late 2014, has had success recruiting and keeping workers on its digital teams over the years, prompting its decision to take more space. J.P. Morgan eventually expects to have 2,000 to 2,500 people at Manhattan West. The bank plans on eventually filling the space with new employees, but no there have been no immediate hiring announcements.

Queens County 

Elmhurst Hospital Center, a 545-bed facility in the Health + Hospitals system, is proposing a $6.8 million renovation to construct a second-floor addition to its emergency department. The addition will serve as the new home of its Adult Partial Hospitalization Program an outpatient intensive and structured program to stabilize adults with mental health and substance abuse disorders, who at the time of admission are experiencing acute psychiatric symptoms of their mental illness. The space where the PHP is presently located, in Elmhurst's H building, will be used for a planned expansion of its outpatient mental health and substance-use-disorder clinics to better integrate primary care and behavioral health care.

Richmond County 

None

May 2017 

Bronx County  

None

Kings County  

NYC officials announced a plan that would offer free, full-day preschool to all 3-year-olds within four years. New York would be one of few cities in the country to offer free preschool to every 3-year-old, with expected enrollment of 62,000 children a year by 2021. In contrast to the program for 4-year-olds, which tripled the number of prekindergarten seats in two years, the new plan would be rolled out over four years. The program would start in two of the city’s lowest-income school districts, District 7 in the Bronx and District 23 in Brooklyn, and offer a seat to every 3-year-old in those districts by the fall of 2018. The city would expand the program to an additional six districts, still to be chosen, by the fall of 2020 and to all districts by 2021. The city said it expected that roughly half of the seats would be in public schools, and roughly half in community-based centers and religious schools, and that an additional 4,500 teachers would eventually need to be hired. 

New York County  

A tech firm that helps car dealerships target their sales and marketing efforts to potential customers is quadrupling its office space in a move from lower Manhattan to Midtown. AutomotiveMastermind has signed a lease to move into 32,000 square feet at 1 Park Ave. from 8,000 square feet at 123 William St. The firm recently raised $45 million from JMI Equity, a private-equity firm that specializes in funding software startups. The company was founded in 2012 and has grown rapidly since, to its current headcount of 70 employees. The company founder said the new space will allow it to almost triple its workforce in the city, from 70 to 200. The lease also includes future options that will allow the firm to grow and expand, should it need the space.

CityMD sold a majority stake in its urgent-care chain to private-equity firm Warburg Pincus as it seeks to accelerate its expansion. Founded in 2010, the chain has opened approximately 50 locations in the downstate area, providing an alternative to emergency rooms. Its walk-in clinics claim to serve more than 1 million patients annually. The company currently has and has about 300 employees (public information). The company plans to use the money raised by the acquisition to expand further both in the local area as well as the tri-state region.

Alamo Drafthouse Cinema is about to sign a lease to open a 10-screen, 40,000 square-foot luxury film complex next year at 28 Liberty St., the landmark skyscraper that was formerly known as Chase Manhattan Plaza. Alamo Drafthouse will open in 2018 on the tower’s third below-ground level, sources said. Dramatic exterior and interior signage will guide moviegoers through a confusing maze of entrances and walkways to ten-plus cinema screens and up to 600 seats under 20-foot-high ceilings. Founded in 1997, Alamo Drafthouse has 26 locations around the US including in downtown Brooklyn.

Orangetheory Fitness has inked a deal at Vanbarton Group’s 45 West 45th Street for its fifth location in Manhattan and eighth in the city. The growing gym concept, which provides one-hour group workouts, plans to open the new outpost in March 2018. The fitness company currently has more than 250 locations in the country. Its other Manhattan locations are at 51 Astor Place between Broadway and Lafayette Street; and 124 West 23rd Street between Seventh Avenue and Avenue of the Americas. Also it is opening new locations soon at 321 West 37th Street between Eighth and Ninth Avenues and 605 Third Avenue between East 39th and East 40th Streets. And it also has three gyms in Brooklyn.

Rumble, the trendy boxing gym concept backed by investors such as “Rocky” star Sylvester Stallone and Justin Bieber, has inked a deal for its third Manhattan location. The chain is leasing an entire five-story building owned by landlord Samy Mahfar at 1495 Third Avenue between East 84th and 85th streets, sources told The Real Deal. The 12,500-square-foot, 10-year deal is valued at about $1 million a year, sources added. Rumble already has a location in Chelsea and is planning to open another in Noho this summer.

Queens County 

A developer of a massive Queens project has signed a long-term lease with a local grocer to open a supermarket at the site, a deal that was helped by the replacement this spring of a real-estate tax-abatement program. Brooklyn Harvest Market will open a 25,000 square-foot store at the first building under construction at Halletts Point, a 2.4 million-square-foot Astoria project developed by the Durst Organization. The first tower is expected to be open by spring of next year, with the supermarket opening in the early summer of 2018.

Richmond County 

The developer of a new warehouse complex in Staten Island that will cater to growing demand from e-commerce retailers says it is on track to lease 2.5 million square feet by the end of the summer. Matrix Development Group, a New Jersey firm that specializes in industrial and warehouse space, is finishing up the first building in what it is calling Matrix Global Logistics Park, on the west side of Staten Island near the Goethals Bridge. The company is planning to build four properties totaling 3.5 million square feet. The first building, which is largely complete, is 975,000 square feet and features 40-foot ceilings. Matrix is preparing to soon break ground on a second speculative warehouse, 450,000 square feet in size.

With many Hylan Plaza stores already closed or liquidating stock, work on the new $180 million Boulevard shopping center will begin in the fall. The developer, the Long Island-based Kimco Realty, recently announced several tenants that have signed leases to take up space in the new shopping center, slated to open in summer 2019. ShopRite and Alamo Drafthouse Cinemas will be two of the anchors in the new shopping center, which will house about 50 stores in a 460,000-square-foot multi-level "Main Street" format.   

 

April 2017 

Bronx County  

None

Kings County  

New York City’s initiative to bring ferry service to the five boroughs will add at least 200 new jobs to the city’s economy as Hornblower Cruises hires deckhands, captains and other crew members in the coming months. The company plans to add 19 boats to its fleet for a total cost of $75 million as the initiative is rolled out during a planned two-year period. The company currently lists about a dozen openings on its website, several of them for entry level positions such as ticketing takers, deckhands, or seasonal help staff (all paying under $25,000 per year) alongside more skilled titles such as staff accountant, port captain, and mechanical engineer. 

New York County  

A maker of reusable beverage bottles has quadrupled its office space in the Flatiron District of Manhattan. Launched in 2010, S’well Bottle moved into a 25,000 square-foot space at 28 W. 23rd St. that will allow the company to house all members of its expanded staff under one roof. The current lease is for two years, which let the rapidly growing business to expand again when the current lease runs out.

Vroom Inc., an online used-car retailer, is quadrupling its New York offices as it relocates from the Flatiron District to a 22,549 square feet space at 1375 Broadway at the corner of West 37th Street. Vroom’s expansion outpaced its expectations about a year and a half ago, when the company signed a five-year lease for about 5,600 square feet at 149 Fifth Ave. The company had about 15 to 20 people in its New York office at the time, but within six months it hired 50 more and is planning to hire again in the near future.

Glossier, the beauty brand born on the internet, is growing offline, big-time: it's adding 282 new jobs to its current workforce of 61. The startup will also relocate from its Lafayette Street headquarters in New York's Soho to a larger space in nearby 13-floor One Soho Square, where they've taken a whole floor.

Glencore, a Stamford, Conn.–based commodities producer and trader, is moving to Midtown. The company just leased 60,000 square feet at 330 Madison Ave., taking the 39-story building's entire seventh floor and a portion of the sixth floor for rents in the low $70s per square foot.

Queens County 

None

Richmond County 

The Tilted Kilt -- a sports pub that likens itself to the old public houses of America, England, Scotland and Ireland -- is known for classic Celtic decor with a selection of over 35 draught and bottled beers on tap with a large list of craft beers. The 5,700-square-foot restaurant will include about 46 big screen televisions and seating for 180 people. The independently owned franchise location is expected to create over 100 new jobs.

HomeGoods and Ashley Furniture HomeStore will soon occupy the space where Pathmark was formerly located in New Springville. The supermarket in the Richmond Shopping Center at 2875 Richmond Ave. has sat dormant since Pathmark closed more than year ago as a result of The Great Atlantic & Pacific Tea Company Inc. (A&P) bankruptcy in 2015.Nowthe two big-box retailers could be up and running by the fall.

 

March 2017 

Bronx County  

The Sheridan Expressway in the South Bronx, long viewed as a barrier that cuts neighborhoods off from the Bronx River, will be redesigned to reopen access to the waterway and parks, and ease traffic. The $1.8 billion project would transform the expressway, also known as Interstate 895, into Sheridan Boulevard. The plan calls for integrating pedestrian walkways so residents in the South Bronx could access Starlight Park and the Bronx River. Residents have long complained about the design of the roadway, which is slightly more than a mile. The project is expected to create more than 4,200 jobs. The first phase of the plan, which will be funded with $700 million in this year’s state budget, is slated to begin next year and be completed by the Spring of 2019. “The project includes building flyover ramps connecting Sheridan Boulevard and Bruckner Expressway to Edgewater Road, providing direct access to the Hunts Point Produce Market, a wholesale foods market.

The popularity of farm-to-table eating has created demand in the city for a local farmers’ wholesale market. The State committed $20 million to fund a 75,000-square-foot food-distribution hub in Hunts Point and chose GrowNYC to develop and operate it. The 40-year-old nonprofit runs farmers’ markets and community gardens as well as recycling, composting and education programs. The Bronx distribution hub is the biggest project Marcel Van Ooyen has taken on in his 10 years as GrowNYC’s head. He said he hopes it will open in early 2019. The hub will source, aggregate and distribute locally grown produce to food-access programs and like-minded restaurants and retail outlets. It is anticipated well over 100 farmers will benefit. Farmers who grow for the wholesale markets will deliver large quantities to the hub where it will be broken and distributed to public and private buyers. They'll be additional space for farmers to store food, and eventually light processing. The current hub for local farmers is only 5,000 square feet

Kings County  

Tesla Motors is growing its footprint at LIVWRK’s office conversion at 160 Van Brunt Street in Red Hook. The company inked a deal for an additional 6,500 square feet above its existing Brooklyn showroom. The additional square footage will be used as office space. About a year ago, Tesla signed a lease for a 40,000-square-foot showroom and service center on the ground floor of the property, marking its first entry into Brooklyn. 

New York County  

Compass, the technology-driven real estate platform, has expanded to fully occupy the office space at 90 Fifth Ave. The tenant leased another 25,000 square feet over two additional floors, bringing its occupancy at the Midtown South building to 115,000 square feet on floors 3 through 11.  The firm has more than quadrupled its presence at 90 Fifth Ave. since signing its initial lease in the summer of 2014.   In the first seven weeks of 2017, Compass has already added offices on the Upper East and West Sides. 

Target has leased 43,000 square feet for a new store that will open this fall at 112 W. 34th St., across the Street from the Macy’s flagship on Herald Square, The Post has learned. The Target store will anchor a 92,000-square-foot retail complex, also housing a Sephora, a Foot Locker and a Swatch store. When the Target location opens in October, the West 34th Street entrance across from Macy’s will greet visitors with Target fashions. A second entrance on West 33rd Street will offer grab-and-go food, as well as a CVS pharmacy.Target’s bread and butter has long been mega-stores in suburban strip malls that reach well over 100,000 square feet. But increasingly it has opened smaller formats as it looks to expand into denser urban areas. Target already has a smaller format store in Tribeca at 255 Greenwich St., while larger ones are at East River Plaza in Harlem and Atlantic Yards in Brooklyn. Still-smaller Target stores are in the works: one at 400 E. 14th St. that will open in 2018, and one at 615 10th Ave. in Hell’s Kitchen that will open in 2019.

Brookfield Property Partners announced  a 60,000-square-foot lease with Whole Foods at 5 Manhattan West in Hudson Yards. The upscale grocer leased a spot at 10th Avenue and 31st Street.

Queens County 

The city in late January selected developer Omni New York to redevelop an underutilized New York Police Department garage occupying roughly half a block along 168th Street in Jamaica, Queens. The winning proposal helps revive a years-long effort to make Jamaica—which is served by four subway lines, a major Long Island Rail Road junction and the AirTrain to John F. Kennedy International Airport—more than just a way station. Omni plans to build a 450,000-square-foot mixed-use development that will include more than 350 residential units, all of them designated as affordable, as well as ground-floor retail and commercial space, underground parking for the NYPD and what the city’s Economic Development Corp. describes as “a substantial community facility.” Another mixed-use development is under construction less than a mile away. The Crossing at Jamaica Station, being built by BRP Cos. on a 50,000-square-foot site at the corner of Archer Avenue and Sutphin Boulevard, will include a Hilton Garden Inn and 580 residential units.

New York City’s initiative to bring ferry service to the five boroughs is expected to add at least 200 new jobs to the city’s economy. Hornblower Cruises will expand and hire deckhands, captains and other crew members in the coming months, company executives said. The privately owned company will add 19 boats to its fleet for a total cost of $75 million as the initiative is rolled out during a planned two-year period. The first phase of the ferry expansion is set to begin this summer. The Rockaway line will connect the Rockaway peninsula in southern Queens to the Brooklyn Army Terminal and Wall Street. The Astoria line will link the northern Queens neighborhood of Astoria to Roosevelt Island, Long Island City, East 34th St. and Wall Street. And the South Brooklyn line will connect Bay Ridge, the Brooklyn Army Terminal, Red Hook, Brooklyn Bridge Park and Wall Street. Two more routes are expected to launch next year. If the years-long initiative is fully implemented, it will mark the first time in a century New York City has had ferry service in the five boroughs.

Richmond County   

None 

February 2017 

Bronx County  

None

Kings County  

Whole Foods Market is planning to open an outpost of its lower-priced grocery store brand at the base of a high-end residential building in Fort Greene. The store, called 365, will be the first in the tristate area. Whole Foods has already opened three outlets around the country, and has plans for 20 more. The company created the '365' brand to shake its image as a high-pricer grocer. The story is expected to open in early 2018.

New York County  

SoHo-based investment firm Two Sigma Investments signed a lease for 9,200 square feet of space at Cornell Tech, a new college currently under construction on Roosevelt Island. The firm, which builds computer systems that make complex stock trades, plans to use the space for its Collision Lab. Two Sigma hopes that it will find young scholars with a talent for crunching the type of economic and financial data the company needs to succeed.

Updater, a tech firm that helps people move, is relocating. The six-year-old firm is opening a 9,200-square-foot office at 19 Union Square West, taking the 12-story building's entire top floor. The lease was signed for 10 years. Updater's business model aims to take care of the hassle of moving by hiring movers, making sure customers get their mail forwarded, are set up with utilities, and have insurance. The company works with real estate brokers to provide the service rather than with clients directly. Updater currently handles about 10% of the 17 million households that move per year in the country. The new office space is slightly larger than the firm's previous location and will allow it to grow to about 80 employees from around 60, according to the company’s CEO.

Queens County 

The city selected a developer to turn a former NYPD parking garage in Jamaica, Queens, into a large, mixed-use complex with more than 350 affordable apartments.  The project will also include ground-floor retail, a new NYPD parking garage, community space, and possibly a hotel. Specific timeline for the project’s completion isn’t yet available.

Richmond County   

None 

 

January 2017 

Bronx County  

None

Kings County  

New York University is planning a $500 million expansion of high-tech campuses in Brooklyn, school President Andrew Hamilton said. The investment the university will make over the next decade builds on its existing NYU Tandon School of Engineering in Downtown Brooklyn, which opened in 2014 and has 5,212 students enrolled in white-hot fields such as computer coding and video game design. The facility will add 500,000 square feet of university space by developing the former transit headquarters on Jay St. When it opens in summer 2017, it will nearly double the area’s 600,000 square feet of NYU space. NYU will start moving academic programs into the Jay St. facility in fall 2017.  Officials said the Jay St. building will be the largest NYU facility in Brooklyn and will provide space for 1,100 students and 40 faculty members.

Lafayette 148 New York, a locally-based fashion brand, has decided to relocate its 200-person headquarters and other Soho-based operations to the Brooklyn Navy Yard. The firm has leased 68,000 square feet in the Navy Yard’s Building 77. The brand’s new site will be about the same size as its existing space at 148 Lafayette St., where the company was founded 20 years ago. Its relocation is slated to bring jobs to the Yard that will range from senior level executives to designers and cut and sew workers. The company will retain a presence in Manhattan with its concept store at the Soho location. The company will retain a presence in Manhattan with its concept store at the Soho location.

Education-technology company 2U is relocating to 78,000 square feet at Dumbo Heights. The company, which is now headquartered in 20,000 square feet at Chelsea Piers, is taking space on the upper floors of 55 Prospect Street.

New York County  

The Herald Square shopping area that flows into NoMad is getting a Nordstrom Rack at 855 Sixth Ave. on W. 31st Street. The huge, approximately 46,500-square-foot store will open in the ground, lower level and second floor of a newly constructed mixed-use tower. This store will join the one at 60 E. 14th St. to become the second Rack in Manhattan, with others in Brooklyn and Queens. The parent company is expected to open its first city Nordstrom flagship in 2019.  

Brazilian luxury interior design brand Ornare’s first store in New York, at 150 East 58th Street will open in March 2017. This will be the brand’s third store in the U.S., in addition to Miami and Dallas. The location — commonly known as the Architects & Designers Building — houses some of the world’s finest interior design showrooms, including Alno USA, Gaggenau and the Miele Experience Center. Ornare will showcase its high-end kitchen, bath and closet designs in 3,267 square feet on the fourth floor.

Spotify finalized a deal for 378,000 square feet of office space at 4 World Trade Center. The Swedish-based music-streaming company was reportedly debating between One World Trade Center and 4 World Trade Center late last year. The company had settled on 4 World Trade Center, Silverstein Properties’ 2.5 million-square foot office tower. The company will receive up to $11 million in rent credits over the next 15 years through the state’s World Trade Center Rent Reduction Program. Spotify plans to add another 1,000 employees to its new office, while retaining its 832 jobs. It currently occupies 140,000 square feet at  620 Sixth Avenue.

Queens County 

None 

Richmond County   

The State has authorized another $20 million grant to developers of an outlet mall on Staten Island, bringing the total amount of state subsidies on the project to $67 million. The grant was approved by the board of Empire State Development, the state’s economic development authority. It is the third round of subsidies the state has sent to Empire Outlets, which will bring stores, restaurants and a hotel to a site next to the St. George Ferry Terminal that are projected to employ 1,300 people. Officials and the mall’s developers say the money is offsetting the cost of infrastructure that benefits the nearby Staten Island Railway and protects against storm surge.  

 

Layoffs and Closings

Verizon says 10,400 U.S. managers have accepted a voluntary buyout offered as the company seeks to trim costs to invest more into its push into the next-generation network known as 5G. That's about 7% of its global workforce. Verizon offered the buyouts to 44,000 employees earlier this year. Those accepting the buyout will get up to 60 weeks of salary, bonus and benefits, depending on length of service. NYC impact isn’t yet clear.

Barclays PLC is continuing the transfer of its office of the CFO functions across the river to Whippany, NJ. The second round of transfers will take place between February 27 and March 31, 2019 and involve approximately 380 people. All those being transferred received job offers in Whippany.

Mic Network, a digital publisher, is closing its doors and laying off all of its staff of approximately 120. The reason cited for the closure was a cancellation of a major contract by a customer.

Iowa Consultants, Inc., the management company that had been running Manhattan Plaza Inc fitness facility, had lost the contract and is laying off all of its 146 employees. The layoffs are expected to be completed by March 7th, 2019.

Fedcap Rehabilitation Services, operating under the name of WeCare, has lost its contract with NYC and will be laying off 107 people from several locations in NYC. The affected workers are expected to be laid off by the end of January 2019.

Home improvement retailer Lowe's will close both its Manhattan locations as part of a purge of more than 50 underperforming North American stores. The location on the Upper West Side is already closed while the status of the Chelsea stores is not immediately clear. The company said it expected to finish all planned closures by February 1st.

Laboratory Corporation of America Holdings is moving its operations out of NYC and laying off 114 of its employees. The relocation of operations will result in the permanent elimination of positions assigned to the accessioning, administration, anatomical pathology, client services, cytogenetics, distribution, flow cytometry, histology, molecular, oncology genetics and quality departments. The layoffs will start on December 8th and continue until January 31st, 2019.

As part of a restructuring, financial giant Santander will close three Staten Island branches. The three branches slated for closure are: 257 New Dorp Lane, 1630 Forest Ave., and 1630 Richmond Rd. The closures will occur between January and March of 2019, the number of impacted employees isn’t yet clear.

The developers of the New York Wheel announced that the 630-foot Ferris wheel will not be built. The developers were hoping to create one of the world’s tallest observation wheels along the St. George waterfront on land owned by the city. But as cost projections reached $590 million, more than double original estimates, concerns mounted that the project wouldn’t work out. The area is also home to Empire Outlets, NYC first planned outlet mall, which is expected to open on schedule in the spring of 2019.
 

The 123-year old Henri Bendel will close all 23 of its stores including its flagship Fifth Ave. location in January 2019. The Bendel website will also shut down. L Brands, which took over the specialty store in 1985, announced that the move will let the company concentrate on its more profitable brands. In NYC, 112 employees will be impacted.

Warner Media, LLC (formerly Time Warner Inc.) will lay off 104 workers beginning 11/9/2018.

FJC Security Services, a security company recently under investigation for multiple incidents of abuse and violence at NYC’s homeless shelters, lost its contract with the Department of Homeless Services, resulting in all 782 of its employees losing their jobs. The layoffs started on 9/6/18 and will continue until the end of September on a rolling basis.

GuildNet, one of the state’s longest-serving managed long-term care providers, is pulling out of New York state beginning in December, leaving more than 7,400 members to find an alternative. The company will lay off 213 workers effective 12/31/18.

The New York Daily News laid off 96 employees on 10/14/2018

Kmart will close it's Middle Village, Queens store and lay off 126 workers effective 10/14/2018.

Eastern Consolidated which was founded in 1981, and has a team of approximately 100 brokers and 40 full-time employees, is shutting down in July 2018.

Chevys Fresh Mex, a Times Square casual Mexican restaurant, will close and lay off all of its 134 employees in September 2018. Real Mex Restaurants, the chain restaurant’s owner, hired advisors at Piper Jaffray in May in order to consider a sale, which didn’t materialize in time.

The Coffee Shop, the all-night Union Square diner famous for employing up and coming fashion models, is closing its doors on October 11th 2018 after the building’s landlord refused to extend the restaurant’s lease. All 150 employees are being laid off.

Cardinal McCloskey Community Services, which ran some of NYC’s Head Start programs, lost its contract with the Department of HHS and On July 1st 2018 laid off 205 employees across a number of sites in the Bronx.

Lord & Taylor is abandoning plans to keep a store in the Fifth Avenue flagship it is selling, as the chain's owner closes more stores and focuses on online sales. The announcement Tuesday comes about seven months after the company said it would sell the building to office space sharing company WeWork. Hudson's Bay Co. had said then it would keep less than a quarter of the 11-story building for a Lord & Taylor store. The flagship store is expected to close in early 2019.

Gingerbread Learning Center located on Staten Island, which serves special needs children, will be closing on Aug. 10, 2018, according to a letter from the owner of the preschool, who was recently indicted for siphoning $771,000 in taxpayer funds. According to a media source, a teacher at the school said the staff -- comprised of 99 people-- was informed by Mosesman that some of the teachers, therapists and paras would lose their jobs on June 30, and the remainder would be let go on Aug. 10.

Barclays Bank, which hasn’t made a profit since 2015, is trying to get a handle on matters by lowering costs. To help achieve that goal, the Britain-based bank has begun transferring about 7% of its New York workforce to New Jersey. The company said 440 back-office employees would be relocated from its U.S. headquarters on Seventh Avenue to a corporate campus in Whippany, N.J. The bank said the transfers would be complete by September 7th 2018 and additional 112 employees will be affected in further transfers later in the year.

AllianceBernstein announced that it will move its corporate headquarters to Nashville and transfer 1,050 legal, finance and marketing jobs. The relocation will began in 2018 and will take several years to complete. The company plans to invest $70 million to establish its new headquarters and is expecting to receive financial incentives, in the form of state grants and tax breaks, to help defer the cost of moving. AllianceBernstein, which manages about $550 billion in client assets, has been shrinking its New York footprint for several years. It occupies 17% less space in its 1345 Sixth Ave. headquarters than in 2014 and two years ago, the company shortened the lease on its Midtown headquarters by five years. The positions being transferred are mostly back office and support staff, with front office talent including portfolio managers, research analysts, traders, and financial advisers, remaining in New York.

Nine West Holdings Inc. filed for bankruptcy with a plan to sell some assets and reorganize others. The Chapter 11 filing in New York listing debts of more than $1 billion. The company will use the bankruptcy to sell its Nine West and Bandolino brand while reorganizing around other businesses including the Anne Klein name. Most creditors have already agreed to support a reorganization, and a $300 million loan will fund operations during the process. The company announced plans to lay off 203 workers by July 2018.

Gap Inc. is shutting down its Banana Republic New York City headquarters. Some 112 corporate staffers who work on store and product design, human resources, communications and operations were told that their jobs are being moved to Gap’s San Francisco headquarters by May 2018.

Following the takeover of the magazine publisher Rodale last year, Hearst magazines announced layoffs of the 124 of the 200 NYC Rodale staffers. The company intends to relocate the business, with layoffs being completed by the end of the first quarter of 2018.

Banana Republic intends to relocate its design, development, and operations departments to San Francisco, starting in June and continuing until the end of 2018. Some of the 112 positions that are slated to be eliminated were offered as transfers to current employees, so exact impact of the move isn’t yet clear.

Liberty Coca Cola, a beverage manufacturer and distributor, is closing its doors in Queens and laying off 115 workers as a result. The closing date will be the end of April 2018. Some of the employees belong to the Teamsters Local 812, which is helping its members to negotiate a severance package.

Union Beer Distributors, an independent brewing company, is relocating its warehouse and distribution units to New Jersey at the end of April 2018. The company is laying off 233 employees, some of whom belong to the Teamsters Local 812.

The Gap store in the Staten Island Mall will be closing by the end of February 2018. Gap announced in September that it was gearing up to close about 200 "underperforming" Gap and Banana Republic stores and although no official announcement has been made, media reports cite the Staten Island store as one of the ones to be tied to the shuttering of underperforming stores.

Hedge fund manager Neil Chriss is closing his $2.2 billion firm Hutchin Hill Capital LP after a period of poor performance. Chriss, whose firm is made up of teams that trade different strategies, wrote to clients on November 30th that the best way forward is to "proactively return capital as expeditiously as possible." All 121 employees will be laid off by 2/28/18.

DNA-Info and the Gothamist, two online media outlets that focused on local news, are being shut down in the wake of a union vote. Between the two organizations, 115 journalists will be laid off, with the effective date of 2/2/2018.

Shiel Medical Labs announced that it’s plans to lay off all of its 239 workers in the wake of the acquisition by Quest Disgnostics. Our Rapid Response team reached to the company and was told that about half of the employees have accepted offers of employment from Quest at other locations throughout NYC, while the rest of those being laid off are receiving assistance though an outplacement services firm. The effective date of the layoff is 12/31/2017.

Toronto Dominion Bank is laying off 100 workers from its NYC offices at 31 West 52nd street in Midtown Manhattan. The effective layoff date is 5/30/2018.

Entertainment Weekly is preparing to move closer to the film stars and TV personalities it covers. In March of 2018, the magazine plans to leave the company's NYC headquarters and relocate to Los Angeles, moving into offices that also hold People magazine's West Coast operations. A spokeswoman said that around 40 to 45 of the publication's 66 New York staffers are expected to make the move west, with some editorial employees who don't want to move able to continue working from New York.

Shiel Medical Laboratory, a division of Fresenius Medical Care, announced it will layoff 239 workers in advance of the division’s purchase by Quest Diagnostics. Most of the impacted workers work in Brooklyn. The layoffs are effective 12/31/2017. 

Cascades Containerboard Packing Inc. is closing its NYC factory and laying off all its 148 employees by the end of 2018. Layoffs will begin on November 27, 2017 and progress in stages over the next 12 months as the company’s operations in New York are wound down. Some of the employees belong to the Folding box, corrugated box and display workers local 381 United Steel Workers International Union AFL-CIO-CLC.

Lion Re:Sources continued to lay off employees as the Publicis-owned staffing agency seeks cost savings after its parent company acquired the back office support company Sapient, whose services largely duplicate those of Re:Sources. The latest round of layoffs will affect 154 people and will be completed by December 1st, 2017.

 

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