Economic development plan launched for Kennedy Sq. Apartment Complex

According to governor David Paterson, a redevelopment plan for the Kennedy Sq. Apartment Complex in the downtown area has been launched to jumpstart private sector development in the area and create an economic engine for the region. The plan includes the long-anticipated NYS Biotechnology Research Center as well as state of the art medical research, office and classroom space for SUNY Upstate Medical University. The Empire State Development Corp. (ESD) negotiated a groundbreaking collaboration among SUNY Upstate Medical University, the city, Onondaga County, and SUNY College of Environmental Science and Forestry and the Metropolitan Development Association. The stakeholders will revive several dormant projects to form a comprehensive development plan addressing the expansion needs of SUNY Upstate Medical University. The $30 million center develops research and business alliances between existing biotechnology companies and local academic institutions while fostering the creation of, and investment in, new regional biotechnology companies. SUNY Upstate's portion of the development plan will be a $40 million initial investment in biotechnology, biomedical research office and classroom space to serve as a platform for expanding the campus's programming.

Tags: Brokerage

Reprint

Previous Story Next Story

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

NAI DiLeo-Bram & Co. continues to connect expanding businesses with spaces across N.J.

Columns and Thought Leadership

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,