Posts Tagged With: Mayor Michael Bloomberg

Development Could Mean Harlem’s First Brewery Since Prohibition

A rendering of the future brewery's building. (Photo courtesy of the New York Observer)

By Pamela Engel
New York Observer

A big-time private investment will bring two new commercial developments to a stretch of West 125th Street that could include the first brewery in Harlem since Prohibition.

The city’s Economic Development Corporation announced today that it has tapped both Janus Partners and Monadnock Construction for the former Taystee Bakery Complex project, while 125th Street Equities was selected to redevelop the Corn Exchange Building. Together, the sites comprise 350,000 square feet.

“We rezoned 125th Street to strengthen the famed Harlem corridor and enhance its historic role as a vibrant arts, entertainment and retail center,” said Mayor Michael Bloomberg in a news release. “The private sector commitments represent an enormous vote of confidence in Harlem’s future and 125th Street’s ongoing role in the area’s revitalization.”

The developments are expected to create 530 permanent jobs and 570 construction jobs, according to the city. The 328,000-square-foot Taystee Bakery Complex will become CREATE @ Harlem, a commercial and industrial space for creative industry tenants, and the Corn Exchange Building project will add 31,000 square feet of office and retail space to the Harlem corridor.

Read more from the New York Observer.

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Harlem RBI Reflects on 20 Years of Service and Beating the Odds in East Harlem

The month of June held major milestones for local non-profit Harlem RBI. The community-based youth development organization broke fundraising records with a 20th anniversary gala, announced an $85 million project with Mayor Michael Bloomberg and New York Yankees’ First Baseman Mark Teixeira and ultimately, celebrated the graduation of 33 high school seniors along with more than 200 family and friends in East Harlem.

“This has been a monumental way to mark 20 years,” said Harlem RBI’s Executive Director Rich Berlin. “We are so proud of this year’s graduating seniors and every boy and girl who is part of the Harlem RBI family. Together, we’re raising the expectations for each young person and providing the emotional and academic support needed to graduate from high school and continue their education.”

Year round, Harlem RBI serves more than 1,000 boys and girls, ages 5-21, with its unique approach to youth development including participation on a baseball or softball team and engagement in group-based academic and enrichment programming with the ultimate goal of building concrete skills to break the cycle of poverty. Since 2005, 97% of Harlem RBI graduates have received a high school diploma or GED, and 93% were accepted to college. Furthermore, 99% of Harlem RBI youth have avoided teen parenthood. This critical support and impressive results have gained attention from heavy-hitting supporters in New York City.

The organization celebrated its 20th anniversary on June 6 with a gala at Cipriani 42nd Street where a record-breaking $2.25 million was raised for its programs and Teixeira and Cantor Fitzgerald Chairman & CEO Howard Lutnick were honored for their steadfast support. Teixeira recently gave $1 million to Harlem RBI’s capital campaign to build a new home in East Harlem and has launched his own website and social media platform to raise additional funds. Lutnick’s longtime support over the last 10 years makes Cantor Fitzgerald the largest corporate benefactor of the non-profit.

Read the full press release from Harlem RBI on PR Newswire.

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NY Yankees Mark Teixeira, Harlem RBI Create Affordable Housing in Harlem

New York Yankees First Baseman Mark Teixeira (Photo courtesy of G. Newman Lowrance/Getty)

Mark Teixeira and Harlem RBI, in conjunction with Mayor Michael Bloomberg, announced on Monday a partnership to develop approximately 90 affordable housing units in East Harlem as part of the DREAM Charter School and Harlem RBI’s program and office space.

“This building will be a place where New York families can afford to live,” Bloomberg said. “…. East Harlem will experience the benefits of this development immediately.”

The buildings will be located on E. 104th St. between Second and Third Aves. The $85 million, thirteen story building is expected to open in the summer of 2014.

Read more from the ESPN Blog.

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