Posts Tagged With: New York Observer

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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Bloomberg Wants Solar Panels, Green Loans, for NYC

Michael Bloomberg, with Al Gore, painting a rooftop in Queens, in 2009. (Photo courtesy of Azi Paybarah / NY Observer)

By Azi Paybarah
New York Observer

In an ambitious push to reduce New York City’s carbon footprint, Mayor Bloomberg will announce tomorrow plans to build solar panels on city landfills, and the creation of a city-run non-profit to help building owners fund their own green upgrades, according to city officials.

More details on Bloomberg’s plans will be announced tomorrow morning in Harlem, where the mayor will deliver a major speech about the environment. Aides are billing the speech as a major update to the mayor’s sweeping environmental agenda, first outlined in 2007.

The proposals tomorrow are, in a way, Bloomberg’s effort to generate some new momentum in a key part of his agenda.

Bloomberg aides say the solar panels could accommodate about 50 megawatts of solar power. (To put that in perspective, when Governor Paterson announced a plan for New York to acquire 50MW of green energy, a news article noted that “as of the end of 2007, only three electric utilities in the US had 30 or more megawatts of solar electricity on their grid.”)

Aides say the solar panels will generate energy during the summer, when electricity demands reach their peak.

And the city wants to help lower the cost for building owners to retrofit their buildings.

Bloomberg will announce he’s creating a non-profit corporation that will make loans available to building owners who want to make energy-efficient upgrades to their property. Aides say the New York City Energy Efficiency Corporation will partner with private lenders, as well as tap into about $40 million in federal stimulus funds.

Read more from the New York Observer.

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