NYC’s 10 most active developers of 2020

first_imgRelated Companies’ Stephen Ross and 50 Hudson Yards, and Brookfield Property Partners’ Brian Kingston and Two Manhattan West (Related, 50 Hudson Yards, Brookfield, Manhattan West) Construction timelines were disrupted across the city this year as sites deemed unessential were shut down.Still, work at many projects — including some of the largest ongoing developments — either qualified as essential or received approval from the Department of Buildings to move forward. And despite some delays, The Real Deal’s ranking of the most active developers in 2020 closely mirrors last year’s list, as well as 2018’s, with some minor shuffling among the top firms.The ranking is based on the volume of work each developer has underway and the total square footage of those projects. Just as last year, one non-developer — a bank — made the top 10.ADVERTISEMENT1. Brookfield Property Partners | Square feet: 3.8 million | Project count: 6After two years of trailing Related Companies, Brookfield snagged the top spot in this year’s ranking. The firm’s largest project is Two Manhattan West, a 1.8 million-square-foot office tower being built on Manhattan’s West Side. The design of the tower is nearly identical to One Manhattan West, Brookfield’s recently completed adjacent office building.CEO Brian Kingston told TRD in June that it was moving “full steam ahead on the final tower,” noting that the company had secured approval from the city to continue work on the project when construction activity was restricted. Amazon reportedly considered leasing space in the tower, but announced last year that it was taking space at SL Green Realty’s 410 10th Avenue.2. Related Companies | Square feet: 3.6 million | Project count: 5Hudson Yards, the 28-acre development on Manhattan’s Far West Side, has kept Related at the top of TRD’s ranking for several years. The developer’s largest ongoing project this year is the nearly 2.3 million-square-foot office tower, 50 Hudson Yards. Late last year, Facebook agreed to take more than half of that space, along with 265,000 square feet at 30 Hudson Yards and 57,000 square feet at 55 Hudson Yards.Like Two Manhattan West, work was able to continue at 50 Hudson Yards when construction was limited to essential and approved work. The DOB temporarily stopped operations on the site, however, after finding that some unsanctioned work was happening.3. BRP Companies | Square feet: 3.1 million | Project count: 10BRP didn’t crack the top 10 list last year or in 2018. But projects in Jamaica, Queens, helped propel the firm this year to the third spot. The largest is a 500,000-square-foot, mixed-use building at 90-02 168th Street. The project is expected to include 614 units of mixed-income housing. The developer is also constructing a 490,000-square-foot, 669-unit apartment building at 147-40 and 148-10 Archer Avenue.4. Extell Development | Square feet: 2.5 million | Project count: 5Once again, Extell’s massive luxury tower at 217 West 57th Street is the firm’s largest ongoing project. Central Park Tower will rise 1,775 feet and span 1.2 million square feet. Sales launched in October 2018, with a projected sellout of $4 billion. In October, Extell brought in Corcoran Sunshine Marketing Group to serve as co-exclusive brokers alongside its in-house sales team.5. L+M Development Partners | Square feet: 2.4 million | Project count: 9Most of L+M’s ongoing projects are in Manhattan and Brooklyn. The largest is 575 Exterior Street, which is part of the two-phase Bronx Point waterfront development. The 23-story, 542-unit, mixed-use building is expected to span more than 550,000 square feet and is being co-developed with Type A Projects. Bronx Point will ultimately include some 1,045 units, of which more than half will be permanently affordable. The developer is also working on a 446-unit apartment building at 2926 West 19th Street in Coney Island with BFC Partners and Taconic Investment Partners.6. Tishman Speyer | Square feet: 2.2 million | Project count: 1The Bjarke Ingels-designed supertall at 509 West 34th Street, known as “the Spiral,” once again landed Tishman Speyer on this year’s ranking, taking the sixth spot for the second year in a row. The office tower is expected to span 2.2 million square feet (though, it is marketed as 2.8 million). Pfizer agreed to anchor the building, signing a lease in 2018 for 800,000 square feet.7. TF Cornerstone | Square feet: 2.1 million | Project count: 4The firm is working on a pair of affordable-housing towers in its Hunters Point South development. Together, the buildings — at 52-03 and 52-41 Center Boulevard — are projected to span more than 1 million square feet and include 1,200 apartments. The towers represent TF Cornerstone’s largest ongoing project.The second-biggest is part of the Pacific Park development in Brooklyn. In early 2019, the developer bought 615 and 595 Dean streets from Greenland Forest City for $143 million. TF Cornerstone is building two towers there, which will collectively span more than 900,000 square feet and include nearly 800 apartments.8. JPMorgan Chase | Square feet: 1.9 million | Project count: 1Despite a rise in office vacancies and a shift to remote work, the pandemic hasn’t put a damper on JPMorgan’s plans for a new headquarters at 270 Park Avenue in Midtown East. The bank is demolishing the existing office tower on the site to make way for a larger tower (marketed as 2.5 million square feet), marking the first project to take advantage of the recent rezoning of the neighborhood.9. Durst Organization | Square feet: 1.6 million | Project count: 8Most of the Durst Organization’s ongoing projects are located in Queens, the largest of which is a rental tower known as Queens Plaza Park. That project, at 29-55 Northern Boulevard in Long Island City, will include nearly 1,000 apartments and span roughly 1 million square feet. The firm is also chipping away at its seven-building, 2,002-unit rental complex known as Halletts Point. That project, however, has been repeatedly delayed, most recently in January by disagreements between the developer and City Hall. The firm has indicated it will wait until the next administration to move forward.10. United Construction and Development Group | Square feet: 1.5 million | Project count: 6All of United’s ongoing projects are in Queens. When complete, a 778-foot tower at 23-15 44th Drive in Long Island City will be the borough’s tallest. Appropriately dubbed Skyline Tower, the 780,000-square-foot project will have more than 800 condo units. The tower is being developed by United alongside FSA Capital and Risland US Holdings. Yimby reported earlier this month that work on the building’s exterior was in the final stages. SOURCE: TRD analysis of Department of Buildings data for jobs that have not received a temporary certificate of occupancy as of December 2020.Contact Kathryn Brenzel Message* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags2020 in ReviewBrookfieldRelated Share via Shortlink Full Name*last_img read more

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Signatures support PSA petition

first_imgMembers of Notre Dame’s Progressive Student Alliance (PSA) and other student groups gathered Thursday at the kickoff event for the PSA-sponsored petition to add sexual orientation to the University’s nondiscrimination clause, but this year’s petition includes another goal for the group, senior and PSA treasurer Mary Dewey said. “The petition to include sexual orientation in the nondiscrimination clause has been circulated nine times in total, but this year we added a statement about the recognition of AllianceND as an official club on campus,” Dewey said. AllianceND, the proposed campus gay-straight group, has applied for official club status 14 times since the 1990s but has been rejected by University administrators each time, senior and acting vice president of PSA Julia Duranti said. Past petitions have garnered over 2,700 student, faculty and staff signatures, Dewey said. PSA decided to include support for AllianceND in this year’s petition to make a more focused statement about the current environment on campus regarding sexual orientation. “We realized that there hasn’t been a positive response from the administration in the past, so we were trying to think of new approaches,” Dewey said. “It’s a demonstration of support from a majority of the student body and faculty, but we’re mostly pushing for AllianceND to get official club status.” Dewey said the large number of signatures in support of adding sexual orientation to the nondiscrimination clause demonstrates the need and desire of both students and faculty to have an informal outlet for discussion between gay and straight members of the Notre Dame community, ideally in the form of AllianceND. “There’s a general level of discomfort for straight students in learning and talking about [sexual orientation],” Dewey said. “A lot of people don’t know what they think about it, so we want a space where people can meet each other and talk in a comfortable environment.” Duranti said the University has countered the push to make AllianceND an official club by emphasizing the existence of the Core Council for Gay, Lesbian, Bisexual and Questioning students — a University committee made up of students and faculty. There are currently 12 council members. “The University’s biggest argument against the recognition of AllianceND is the Core Council, but it’s not really a space for gay and straight students to meet, talk about issues and form friendships,” Duranti said. “Core Council is directly controlled by the administration, so AllianceND would be an informal place for students to come together and break the ice about these issues.” Without official club status, AllianceND doesn’t have access to University funding, can’t meet officially in public places on campus and can’t set up a table at Activities Night, Duranti said. PSA also hopes to collect at least 3,000 signatures for the official presentation of the petition to the University administration at the end of March, junior and PSA co-president Jackie Emmanuel said. “While our most immediate goals for this campaign are changing, the nondiscrimination clause and getting recognition for AllianceND, the overall movement aims to create a more tolerant, accepting environment on campus for [lesbian, gay, bisexual and transgender] students,” Duranti said. Emmanuel emphasized the importance of the sexual orientation clause in creating a more comfortable environment for both students and faculty members. “Currently, much of campus doesn’t realize the trials gay faculty and students go through every day,” Emmanuel said. “Untenured faculty members may hide their sexual orientations for fear of being rejected from campus or losing their jobs with no explanation, and closeted students may have to hide who they are from their friends for fear of being cast out of their friend groups.” Boston College, Fordham University, Georgetown University and Saint Mary’s College, all Catholic universities, include sexual orientation in their respective nondiscrimination clauses. Duranti said the proposal to change the University’s nondiscrimination clause should not be construed as an attempt to challenge Church teachings. “There’s a misperception that we’re challenging Church doctrine, but it’s more of a question as to how strong the protections are for students who deal with harassment combined with an overall culture that isn’t the most accepting,” Duranti said. “We’re trying to hold Notre Dame to its Catholic ideals of nondiscrimination and universal love for all people, so Notre Dame has a long way to go to live up to that.” Dewey said the changes proposed by the petition may seem small but could prompt significant changes in the future. “It’s really not that controversial, and it’s a pretty small change, but it could go a long way in making a difference in campus culture,” Dewey said. “All of us love being at Notre Dame, so for most people the absence of AllianceND doesn’t matter much, but it’s important for LGBT students.” Emmanuel said several other student clubs are in favor of the petition, including MEChA, College Democrats and Feminist Voice, all of which have been helping to pass out petitions and to spread the word in general.last_img read more

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Paraguayan President Removes Army Commander From Office

first_imgBy Dialogo May 21, 2009 This Wednesday, government sources informed that the Paraguayan president Fernando Lugo has removed the Army Commander Alfredo Machuca from Office and named General Oscar Velázquez as his replacement. The change in command was announced after Lugo held a meeting with the leaders of the Armed Forces at the Presidential Escort Battalion Headquarters. Machuca’s dismissal took place after a week of harsh criticism against him for having agreed to provide a location for a meeting of young South American leftists at the Army’s Engineering Unit. More than a thousand of these young men met and held the so called “II Encuentro de Jóvenes Progresistas de Latinoamérica” (Second Congress of Latin American Progressive Youth) and they displayed flags and leftist slogans within the military installations. Parties from the opposition and retired military associations condemned what for them was considered to be an abuse. Machucha was blamed for having given his permission for this meeting to be held. The Constitution prohibits political meetings within the Armed Forces. A legislator from the opposition announced that he would file a request for a public trial against Lugo for this case.last_img read more

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Chinese-Latin American Relations Increase Mafia Presence

first_imgBy Gustavo Arias Retana/Diálogo March 01, 2019 The evidence speaks loudly in Latin American nations that strengthened their bonds with China in recent years: Asian shops are booming although funding sources are obscure, human trafficking cases with practices similar to slavery are escalating, while new players are picking up different illicit activities, such as counterfeiting of goods, documents, and money. According to Antonio Barrios, an international relations and security specialist at the National University of Costa Rica, Chinese mafias are behind these crimes. The mafias of the Far East expanded their operations in Latin America in the last 15 years and have an increasingly more destructive impact in the region. “As relations between Latin American countries and China grow deeper, illicit activities related to mafias are being noticed,” Barrios told Diálogo. “The Chinese government’s idea has always been to empower its Latin American colonies by establishing businesses. Their funding has been linked to mafias, and it’s with this funding that these criminal groups extended their tentacles throughout Latin America.” Alejandro Riera, a Spanish specialist in organized crime and author of the book “The Chinese Mafia: Triads, Secret Societies”, explained that violent actions used for rapid expansion over a territory are characteristics of criminal rings. “Violence is characteristic of Chinese mafias. We are seeing that in Argentina, where Chinese supermarket owners are shot for not paying the protection tax.” Chinese mafias’ activities in the region are based on violence. Juan Belikow, an Argentine security affairs specialist at the University of Buenos Aires, said that much of their income comes from extorting Chinese business owners in Latin America. “In our region, it’s normal for them to use extortion within their own Chinese community, and this is absolutely linked to Chinese supermarkets in Latin America,” Belikow said. “These shops sell stolen and counterfeit goods. These businesses also engage heavily in tax evasion, because they almost always use cash. Most importantly, shopkeepers have to pay a large portion of their income to the mafias to be safe.” According to the three specialists, the mafias fund Chinese nationals to settle in Latin America. In return, those have to pay a generous share of their monthly earnings from the businesses they operate in the region, such as supermarkets. They must also pay the debt accrued to travel to Latin America and the protection the mafias allegedly afford. Direct connection with narcotrafficking Narcotrafficking is yet another sector seeing Chinese mafias’ increased participation, Riera and Belikow said. According to a BBC report on the global industry of narcotrafficking, the Chinese mafia, better known as the Triad, gained a dominant role among narcotrafficking criminal networks in America, Asia, and Oceania. “One of the activities causing the most damage to health is methamphetamine, for example. Mafias are major producers and distributors of synthetic drugs in the region. They take it to Latin America, and from there they move it with their networks or the networks they create with other criminals in the region. There is also significant movement of drugs like marijuana in the Tri-border area shared by Argentina, Brazil, and Paraguay,” said Belikow. Barrios explained that Chinese mafias entered drug smuggling by establishing ties with other Latin American traffickers. Mafias facilitate money laundering from drugs processed in Asia. “The Chinese had to join local mafias that know the area well and how the governments and laws operate to get in and be able to play by the rules of each country,” Barrios said. “Chinese mafias had to associate with other criminal groups in countries they want to operate. And they made that bond by facilitating [money] laundering.” The U.S. Drug Enforcement Administration warned in its October 2017 National Drug Threat Assessment that criminal groups from Mexico, Colombia, and Venezuela were using their contacts with Chinese mafias to launder money through Chinese banks. “Asian TCOs [transnational criminal organizations] in the United States play a key role in the laundering of illicit drug proceeds. Asian TCOs involved in money laundering contract their services, and in some cases work jointly with other criminal groups, such as Mexican, Colombian, and Dominican TCOs,” the report indicated. Gate to corruption The advance of Chinese mafias in the region brings about other crimes, as rings seek to access power by corrupting government officials. “Undoubtedly, the government is somewhat complicit. It’s not very clear how some supermarkets obtained their permits, while others operate in a way that violates sanitary norms. It’s clear that there is some corruption going on, and that’s impossible to ignore. Mafias work this way, and wherever they go they reproduce their corrupt tendencies,” Belikow said. For Latin America, the presence of Chinese mafias is worrisome and represents a security threat. The close ties with the Asian country not only favor the Chinese government’s interests in the region, but also opened the doors to violent criminal organizations that have dire consequences. Their advance must be stopped.last_img read more

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North Amityville Hit-and-run Victim Killed

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A hit-and-run driver killed a 32-year-old Lindenhurst man when the suspect, who was driving a stolen SUV, crashed into the victim’s car in North Amityville on Tuesday night, Suffolk County police said.Reginald Celifie was driving a Honda Civic eastbound on Brefni Street when his car was struck by a southbound Chevrolet Trailblazer at the corner of Geraldine Avenue at 6:20 p.m., police said.Celifie was taken to Good Samaritan Hospital Medical Center in West Islip, where he was pronounced dead.The driver of the Trailblazer ran away from the scene. Investigators determined that the SUV had been reported stolen on Dec. 8.The suspect was described as a black man, approximately 20 years old, clean-shaven, between 5-feet, 7-inches tall and 5-feet, 8-inches tall with a slim build. He was wearing blue jeans, a black hooded sweatshirt and a black wool hat.Vehicular Crime Unit detectives are continuing the investigation and ask anyone with information regarding this incident to call them at 631-852-6555 or call anonymously to Crime Stoppers at 1-800-220-TIPS. All calls will remain confidentiallast_img read more

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Netizen approval of Jokowi falls over COVID-19 response

first_imgIt also found that positive responses had increased over the last week for the #diRumahAja (#StayAtHome) social media campaign encouraging self-quarantine. Meanwhile, the use of the keyword “volunteer” had surged across the web, indicating a public will to contribute to disease prevention and control.Read also: Indonesian netizens warm to idea of lockdown to contain COVID-19President Jokowi has repeatedly rejected the idea of imposing a lockdown on Jakarta, the epicenter of Indonesia’s COVID-19 epidemic.Authorities reported nationwide figures of 1,528 confirmed cases, with 136 deaths and 81 recovered cases on Tuesday. The cumulative figure included 747 confirmed cases in Jakarta alone, of which 81 were medical workers treating COVID-19 patients. Jakarta also reported 83 deaths.Both supporters and detractors had called on the President to ramp up the nations’ efforts to contain the outbreak, as Indonesia had recorded the highest number of deaths in Southeast Asia.The President on Monday imposed “large-scale social restrictions” and “civil emergency policies” to try and bring the growing spread of COVID-19 under control.Responding to rising tensions between the central and regional governments over the outbreak, Jokowi declared a public health emergency on Tuesday, effectively banning regional administrations from imposing localized lockdowns.Topics : The internet has spoken: Indonesian netizens do not approve of President Joko “Jokowi” Widodo’s approach in handling the COVID-19 epidemic, as seen in a report from a data and analytics consultancy. Statqo Analytics gathered data on negative comments targeting the President from March 23 to 30 using a web crawler, and then drew its conclusions using machine learning and algorithmic predictions.“Around 59 percent of coverage and discussions on online media and news sites using the keyword ‘Jokowi’ received negative responses from the public,” Statqo Analytics said in its report.last_img read more

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GC Rieber Secures Polar King Charter Extension with Nexans

first_imgGC Rieber Shipping (RISH) has agreed a charter extension for the CSV Polar King with Nexans Skagerrak, a wholly owned subsidiary of Nexans Norway.The charter for the vessel was extended by four months.The extended period will be in direct continuation of the ongoing charter, which started in January 2017.In addition to the four months, Nexans holds rights to extend the charter by an additional five-month period, potentially taking the vessel well into the summer of 2020.GC Rieber Shipping CEO, Einar Ytredal said: “It’s encouraging to see that we’re able to build on our good cooperation with Nexans and build additional backlog for Polar King. On the back of our newly expanded partnership, with ship management of Nexans Skagerrak, we look forward further servicing of Nexans under these broaden scopes.”last_img read more

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