Showing posts with label Charles Wang. Show all posts
Showing posts with label Charles Wang. Show all posts
Thursday, July 15, 2010
Limiting the Lighthouse
From Fox 5:
An ongoing battle to develop 77 acres of prime real estate surrounding the New York Islanders' hockey arena had town officials and county brass feuding Monday over the size and scope of what should be built there.
The county, which owns the Nassau Veterans Memorial Coliseum and the land around it, has expressed general support for Islanders' owner Charles Wang's vision to develop the property into a $3.8 billion housing, retail and office complex with a refurbished coliseum as its centerpiece.
The property is one of the last remaining large parcels of undeveloped land in Nassau County, which considers itself America's "first suburb," because it is home to the post-World War II Levittown development.
Hempstead Town leaders, who have zoning jurisdiction over the property, proposed their own development plan Monday, essentially cutting Wang's proposal in half.
Wang's Lighthouse Project, first proposed in 2003 and amended several times since, calls for 35-story residential and office towers. Hempstead's proposal would limit building to no higher than a nine-story hotel currently occupying part of the land.
Hempstead Town Supervisor Kate Murray said the scaling back of the project would address concerns of residents who are worried about the impact of traffic and other lifestyle issues if Wang's larger project were approved.
Thursday, June 17, 2010
Islanders still pushing move to Queens
From Fanhouse:The owners of the New York Mets have begun discussions with a leading real estate firm to strategize for a potential arena in Queens that would house the NHL's New York Islanders, an industry source has told FanHouse.
Jones Lang LaSalle, the project management company for the upcoming $775-850 million renovation of Madison Square Garden, has begun work on a feasibility study for an Islanders arena at Willets Point -- the property surrounding Citi Field, the second-year home of the Mets.
"This is beyond the preliminary stage," said the source. "You don't bring in a big hitter like JLL unless you're serious. This tells me the Islanders and Mets have made progress in a partnership to take the hockey team to Queens. If Charles Wang and Nassau can't cut a deal, this will be a great option."
Maybe the Queens Historical Society can include this in their Queens sports exhibit...
Friday, May 14, 2010
Atlantic Yards, part 2?
Video:
From Newsday:
The news that Mets chief operating officer Jeff Wilpon has spoken to Charles Wang about building an arena in Queens and relocating Wang's Islanders hockey team to the site puts the spotlight on Willets Point: a 62-acre tract in Queens near Citi Field known as the Iron Triangle.
Last year, 29 potential developers formally filed paperwork with the New York City Economic Development Corp. to redevelop Willets Point. While Wang was not one of them, Sterling Equities, the Wilpon family's umbrella company, was, the EDC confirmed Tuesday.
The EDC said a formal request for proposals will be issued later
this year.
On the surface, a marriage between Wilpon, Wang and Willets Point seems ideal - there's a sports team already in place and the city wants to add housing, office space and retail. It was unclear Tuesday whether Wilpon would build an arena on the Willets Point land, or elsewhere near Citi Field.
Wang did not return calls for comment Tuesday.
Interviews show that developing Willets Point will not be easy. New York City officials have said they are not contemplating the idea of the Islanders, or Wang's $3.8-billion Lighthouse project, heading to Queens, because an arena isn't part of the approved plans for Willets Point. The entire process, they said, would have
to start over.
"There would have to be a very strong economic and development case made for it," said a New York City Economic Development Corp. official who asked not to be named.
Tuesday, Andrew Brent, a spokesman for Mayor Michael Bloomberg, said, "There are no plans for a professional sports facility" at Willets Point.
From NY1:
Major League Soccer Commissioner Don Garber says he would like to bring an expansion team to New York City as early as 2013.
Garber said he held talks with the Wilpons more than a year ago, but the Mets owners were preoccupied with the launch of Citi Field.
The Red Bulls, who moved into a brand new stadium in Harrison, N.J. this season, are in favor of adding a second team to the tri-state area.
They believe having a natural rival would help grow the popularity of the sport in the area.
Garber says he hopes to resume talks with the Wilpons, but that there are many other potential investors.
When will we stop condemning land and giving handouts to sports teams?
From Newsday:
The news that Mets chief operating officer Jeff Wilpon has spoken to Charles Wang about building an arena in Queens and relocating Wang's Islanders hockey team to the site puts the spotlight on Willets Point: a 62-acre tract in Queens near Citi Field known as the Iron Triangle.
Last year, 29 potential developers formally filed paperwork with the New York City Economic Development Corp. to redevelop Willets Point. While Wang was not one of them, Sterling Equities, the Wilpon family's umbrella company, was, the EDC confirmed Tuesday.
The EDC said a formal request for proposals will be issued later
this year.
On the surface, a marriage between Wilpon, Wang and Willets Point seems ideal - there's a sports team already in place and the city wants to add housing, office space and retail. It was unclear Tuesday whether Wilpon would build an arena on the Willets Point land, or elsewhere near Citi Field.
Wang did not return calls for comment Tuesday.
Interviews show that developing Willets Point will not be easy. New York City officials have said they are not contemplating the idea of the Islanders, or Wang's $3.8-billion Lighthouse project, heading to Queens, because an arena isn't part of the approved plans for Willets Point. The entire process, they said, would have
to start over.
"There would have to be a very strong economic and development case made for it," said a New York City Economic Development Corp. official who asked not to be named.
Tuesday, Andrew Brent, a spokesman for Mayor Michael Bloomberg, said, "There are no plans for a professional sports facility" at Willets Point.
From NY1:
Major League Soccer Commissioner Don Garber says he would like to bring an expansion team to New York City as early as 2013.
Garber said he held talks with the Wilpons more than a year ago, but the Mets owners were preoccupied with the launch of Citi Field.
The Red Bulls, who moved into a brand new stadium in Harrison, N.J. this season, are in favor of adding a second team to the tri-state area.
They believe having a natural rival would help grow the popularity of the sport in the area.
Garber says he hopes to resume talks with the Wilpons, but that there are many other potential investors.
When will we stop condemning land and giving handouts to sports teams?
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