NEW YORK CITY-Robert Lieber, who spearheaded some of the Bloomberg administration’s biggest economic development projects, is leaving the public sector amid a very different climate than when he joined it. Where the economy and real estate market were booming as Lieber assumed the presidency of the New York City Economic Development Corp. in early 2007, both are still in the process of recovery as he winds down his tenure as deputy mayor for economic development. That has meant an agenda that has had to balance promoting economic diversity along with large-scale projects.

Lieber, who succeeded Daniel Doctoroff as deputy mayor for economic development in December 2007 after Doctoroff’s departure for the public sector, announced Wednesday that he’s joining Island Capital Group’s affiliated companies Anubis Advisors and C-III Capital Partners next month. A spokesman for the mayor’s office tells GlobeSt.com that no timetable has been devised yet for finding his successor.

During his 29-month tenure as the city’s development czar, Lieber spearheaded the city’s plans to remediate and redevelop a 62-acre swath of Willets Point in Queens and revitalize the Coney Island district in Brooklyn. He also led the initiative to put Governor’s Island and Brooklyn Bridge Park under city control, and took the lead on the Bloomberg administration’s efforts in 2009 to break the stalemate between Silverstein Properties Inc. and the Port Authority of New York and New Jersey over redevelopment at the World Trade Center site.

In a statement, Mayor Michael Bloomberg points out that Lieber also implemented “new, creative initiatives to spur entrepreneurship.” These included the creation of low-cost incubator office space in several locations, such as the Hive@55 created by the Alliance for Downtown New York and Rudin Managemernt; targeted business training to New Yorkers looking to start companies or join start-ups; and a fund to help start-ups bridge the gap between seed funding and venture capital.

“More than a half century after Robert Moses first conceived of a redevelopment of Willets Point, Bob and his team have helped us lay the groundwork to achieve it,” says Bloomberg in a statement. “At the World Trade Center site, Coney Island, Hunter’s Point South, Governors Island and so many other important city sites, Bob helped set paths for growth that will benefit generations of New Yorkers.”

Bloomberg adds that simultaneously, Lieber helped the city through “a period of unprecedented national economic turmoil” via expansion of job placement services, the small business loan program and anti-foreclosure efforts, He says that Lieber came into office “with a reputation for getting big things done, and in his time here he certainly has.”

A note of appreciation was also sounded by developer Larry Silverstein in a statement of his own. “Our city has benefited enormously from Bob Lieber’s leadership and vision, as well as his ability to forge consensus among all participants in the city’s economic development agenda, including government agencies, the private sector and the local community,” says Silverstein, president and CEO of SPI. “Together with Seth Pinsky, Josh Wallack and others on his team, Bob managed to steer the World Trade Center parties through long and difficult negotiations. And he did it with grace and charm, despite all the drama and complexity.”

Lieber’s successor will face the task of furthering the Bloomberg administration’s agenda with diminished public funds at both the city and state levels, and a slow rebound of the economic activity that helps replenish them. The mayor earlier his month proposed a budget that would eliminate more than 10,000 municipal jobs, although his four-year infrastructure capital plan remains funded at a high level.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.