Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone
Untitled-1
Untitled-1
The Courier/Photos

The Bloomberg administration is nearing a deal with the Related Cos. and a real-estate firm controlled by owners of the New York Mets to build a retail and residential development on a gritty swath of Queens near Citi Field, according to people familiar with the matter.

But the tentative deal to develop Willets Point isn’t a home run. It would require significant revisions to a signature initiative of the Bloomberg administration: an ambitious $3 billion vision for the area that includes 5,000 apartments, stores and a hotel.

The idea was unveiled with great fanfare in 2007 and passed a complicated public-review process in 2008. But during recent negotiations, developers rejected the plan as financially impractical and called for some changes, the people said.

Read More: Wall Street Journal

Comments:

Join The Discussion



Related Stories
After a plan change, the future tallest building in Queens will be considered ‘supertall’
After a plan change, the future tallest building in Queens will be considered ‘supertall’
A woman got punched on the Sunnyside 7 train because ‘she was staring’
A woman got punched on the Sunnyside 7 train because ‘she was staring’
Popular Stories
Photo via Google Maps
Motorcyclist dies after crashing his ride on the Belt Parkway in Howard Beach
NYPD photo/Google Images
A string of parking lot thefts shake up the Whitestone Shopping Center
Google Maps
Whitestone Church sells half of its parking lot to pay off its $3M debt
Skip to toolbar