March 7th - March 11th, 2011

Lower Manhattan Agency Staff Cuts Expected

Sunday, March 6 – The NY Post reports staff cuts are expected at the Lower Manhattan Development Corporation (LMDC) and Lower Manhattan Construction Command Center (LMCCC) in the coming month. The LMDC would need staff as it is required by federal regulation to monitor the funding grants for another four to five years.

ESDC Names Chairwoman

Monday, March 7 – Governor Andrew Cuomo appoints upstate technology executive Julie Shimer to chair the Empire State Development Corporation. Crain’s NY Business reports Ms. Shimer the 58-year-old engineer holds masters and doctoral degrees in electrical engineering from Lehigh University.

WilmerHale Moving Downtown

Tuesday, March 8 – Silverstein Properties and the firm were close to reaching an agreement for the midtown firm to relocate to 7 World Trade Center. The NY Post reports, they were in negotiations to lease more than 200,000 square feet of space.

Pier A Redevelopment Group Selected

Tuesday, March 8 – The 125-year-old Victorian Pier A lease was awarded to Peter Poulakakos reported the New York Times. Mr. Poulakakos whose family operates Harry’s Café and Steak and several other downtown restaurants was selected the best candidate for development by Battery Park City.

Pace Dormitory Project Adds to Work Underway

Wednesday, March 9 – Pace University plans to build a 23-story dormitory across has added to the projects underway near Fulton Street. With the project in close proximity to residents, businesses and other major construction projects, the contractor’s have stressed that safety especially during deconstruction work, reported the Tribeca Trib.