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City Reaches New Willets Agreements

NEW YORK CITY-With the two additional accords, the Bloomberg administration now controls nearly 40% of the Queens brownfield it plans to redevelop for mixed use.

By Paul Bubny | Updated on November 03, 2008

NEW YORK CITY-Two more property acquisition agreements with Willets Point landowners bring nearly 40% of the 62-acre redevelopment site under the city’s control. The New York City Economic Development Corp. says it has reached agreements with House of Spices for 173,000 sf of land and with Prevete Brothers, an auto salvage company, for 12,000 sf. The House of Spices agreement is the largest to date of the several agreements negotiated with property owners in the Queens brownfield area.

Seth Pinsky, president of NYCEDC, says in a release, that the agreements, which follow on the heels of three others in September and several before that, represent “a significant step toward attaining our goal of transforming the area into an engine of economic growth and the first ‘green neighborhood’ in New York City. The city now controls almost 24 acres of land in Willets Point. We remain committed to working with the remaining landowners and businesses to reach as many negotiated acquisitions as possible as the project moves through the public review process.”

The agreements reached to date with Willets Point businesses encompass about 10 acres of formerly private land, coupled with 14 acres of public streets already owned by the city. In a release, NYCEDC says it’s continuing to work on additional agreements before the City Council’s vote this month at the conclusion of the Uniform Land Use Review Procedure. The City Council voted in September to approve the Willets Point master plan.

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