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Stamford Plans Major Redevelopment
The city plans major changes for its southern neighborhoods.
Also, New York City takes ownership of several Brooklyn
piers poised for redevelopment.
Brooklyn Piers Change Hands
The Port Authority of New York and New Jersey announced that
it will transfer key waterfront parcels in Brooklyn to the
New York City Economic Development Corp. by next year.
The authority will release Piers 7 to 12 in March 2007, by
which time the development corporation will have gone through
the city's Land Use Review Process for the properties. The
city agency scheduled a detailed planning study for the piers
this month.
The authority has already transferred piers 1 to 5 to the
Brooklyn Bridge Park Development Corp., and the authority
will also transfer Pier 6 at the end of its current lease.
In addition, the Port Authority agreed to invest $75 million
to maintain its piers not serving passengers. Construction
of a new cruise passenger terminal and parking facilities
at Piers 11 and 12 in Red Hook should be completed this spring.
Stamford Redevelops South End
Demolition of a former Pitney Bowes complex in the South
End neighborhood of Stamford, Conn., marks the beginning of
a massive redevelopment expected to bring investment to the
underserved area.
The first stage involves removal of asphalt pavement from
the 22-acre site, as well as removal and abatement of lead
paint and asbestos from the buildings. The entire site is
expected to be leveled this May.
Antares Investment Partners of Greenwich, Conn., purchased
the site, one of three the developer acquired over the past
year in Stamford. The land comprises a total of 82 acres and
includes the Admirals' Ward and Yale & Towne sites. The
company had announced it would assign a master planner by
the end of last year.
The $2 billion multiphase redevelopment of South End involves
a series of public-private partnerships between Stamford's
municipal government, Antares, and the South End Neighborhood
Revitalization Zone, which is a local group established to
promote development and involve local residents in the process.
The arrangements vary by individual parcel, with the city
retaining ownership of some plots and leasing them to Antares,
as well as some joint financing of development efforts.
N.J. Approves Pay-to-Play Ban
New Jersey state leaders adopted a new law that extends its
so-called "pay-to-play" ban, allowing municipalities,
counties, and school boards to pass stronger laws restricting
the issuance of public contracts to private entities that
make political contributions.
The law builds upon legislation passed last March that restricts
the issuance of state contracts to companies that make certain
types of campaign contributions to candidates for state office.
Industry Association Chides Trump
The New York Building Congress admonished Donald Trump in
a letter sent late last year because of the New York developer's
testimony before a U.S. Senate panel about the planned United
Nations headquarters and the city's construction industry.
The building congress, which counts the Trump Organization
as a member, issued a letter criticizing the "denigrating"
statements that it contends Trump aimed at the construction
industry when he testified before the Subcommittee on Federal
Financial Management, Government Information, and International
Security last summer.
The organization asked the Senate to invite its industry
members to testify in the future. In addition, the building
congress asked Trump to provide the names of any unscrupulous
companies. According to transcripts of his testimony, Trump
used the word "slime" in a general reference to
city contractors. His office did not reply to a request for
comment.
Court Decision Limits Arbitration
A recent New York state court decision has struck down a
mandatory arbitration clause that architecture firms often
use in contracts with owners and developers.
The Appellate Division of the Second Judicial Department
in Brooklyn issued a unanimous ruling last fall in Ragucci
v. Professional Construction Services, striking down a mandatory
arbitration provision that the American Institute of Architects
had established to resolve residential architectural service
disputes. The court argued the arbitration clause violated
Section 399-c of the state's General Business Law, which prohibits
such clauses in contracts for the sale or purchase of consumer
goods.
The decision essentially equates architectural services to
such consumer goods. It was unclear whether the defendants
would appeal the decision.
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