- Real Estate
- Under Cover
- Special Editorial
- In Pictures
The New York City Economic Development Corporation (N.Y.C.E.D.C.) has issued a Request for Proposals to allow design and architectural professionals the opportunity to brighten Lower Manhattan and give it a 24-hour appeal to business, residential and commercial individuals.
“The new [street] lighting will make visitors feel more welcome,” said Councilmember Margaret Chin said. “This project will further our vision for Lower Manhattan as a dynamic and forward-looking place to live.”
The N.Y.C.D.E.C. will provide the selected team up to $1 million to leverage other funding sources. N.Y.C.E.D.C. has identified South Street between Fletcher and Whitehall Streets, as well as the pedestrian area bordered by Exchange Place, Broad Street and Wall Street, as two potential locations that have the ability to engage a large amount of tourists, workers, and residents.
The initiative is scheduled to begin in late 2012.
Elizabeth H. Berger, President of the Alliance for Downtown New York said, “Downtown Alliance applauds E.D.C. President Seth Pinsky for this visionary plan.”