Wednesday, March 16, 2011

Navy Yard needs new developer

From the Real Deal:

The non-profit Brooklyn Navy Yard Development removed PA Associates as a designated developer on its high-profile Admiral's Row project a day after one of the firm's founders was charged in a $1 million federal bribery investigation. The quasi-governmental entity today “terminated the designation of PA Admirals Row LLC as the developer of the Admiral's Row site," the corporation said in a statement to The Real Deal. PA Admirals Row LLC is an affiliate of Midtown-based PA Associates, which was approved as the developer to partner with grocery chain ShopRite on the $60 million project to build a grocery store. Yesterday federal prosecutors charged Aaron Malinsky, a principal and founder of PA Associates, of funneling $472,500 in bribes to State Senator Carl Kruger.

1 comment:

Anonymous said...

If they would dredge the harbor then NYC would still be the shipping capital, instead of Halifax, Nova Scotia. Just like we would have energy independence if Toby wasn't in hots with against Marcellus Shale and Florio didn't kick out all the refineries.