NEW YORK CITY-Perhaps looking to go out with a bang, Mayor Michael Bloomberg's 12th, and final, state of the city address—delivered Thursday at Barclays Center in Brooklyn—revealed an ambitious agenda for the remaining 320 days of Hizzoner's administration. The Mayor cited numerous projects on the commercial real estate front that he plans to move forward.
Among the tasks he is looking to complete: rezone East Midtown; complete the second construction stage of a third water tunnel; finalize construction on the number 7 train extension, complete the third and final section of the High Line, begin developing the sites around Seward Park on the Lower East Side; and move forward with plans to build a major retail complex and the world's largest Ferris wheel at St. George, in Staten Island, that would include a 350,000-square-foot retail complex and a 120,000-square-foot hotel.
In addition, the Mayor wants to begin the process of cleaning up Willets Point, in Queens, and see it converted into a swath of retail and hotel development; build the $50 million New York Genome Center in Lower Manhattan; open the new Steeplechase Plaza at Coney Island; open one of the largest track and field complexes on the East Coast at Ocean Breeze, a 110-acre park that was once part of the Staten Island University Hospital campus; move forward in converting the Domino Sugar Plant into housing and commercial space and begin the redevelopment of the South Street Seaport.
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