nycrc newsletter november 2010

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reetings from New York City! The New Yorkty Regional Center (NYCRC) is pleased to take this

pportunity to update you on your EB-5 investment.

is newsletter is the second of a series of updates we

ll provide you over the coming years. We believe it is

portant that you are kept informed on the status of

ur investment, the progress of the project, and news

garding the NYCRC. As always, we are here to answer

y questions that you may have.

BROOKLYN NAVY YARD

REDEVELOPMENT PROJECT UPDATE

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YCRC Newse NYCRC team in China is lead by our General

anager Gregg Hayden. They have been traveling

roughout China meeting with investors and assisting

r immigration firm partners.

smine Shim, Marketing Director of the NYCRC,

aveled to South Korea for a month this summer to

eet with investors in person. It was a great

pportunity for the NYCRC to meet with Korean families

d explore the Korean market in preparation for our

pcoming projects.

ew Additions to Our Team

n Wu, Business Development Director: Lin is based in

ur New York City Office and is fluent in English and

hinese.

ch Woods, Assistant General Manager in China: Zach

based in Shanghai and is fluent in English and Chinese.

adys DeRienzo-Scott, Controller: Gladys is based in

ur New York City Office and is fluent in English andanish.

The Brooklyn Navy Yard Redevelopment Projecofficially began in October 2009 and is well under way

The NYCRC is proud to help assist the green makeover

of the Brooklyn Navy Yard (BNY). This plan include

the installation of what will be the Citys largest sola

panel on the roof of the new Green Manufacturin

Center. Tenants will be able to rent spaces rangin

from 5,000 to 50,000 square feet. Since most of th

BNYs tenants are currently in spaces under 5,00

square feet, the environmentally efficient Gree

Manufacturing Center will give new tenants a wide

range of choices and current tenants the opportunity t

expand and grow. Andrew Kimball, President and CEO

of the Brooklyn Navy Yard Development Corporation

sees the growth of green manufacturing as directly tie

to New York Citys sustainability regulations and goals

New York City now requires that building owner

maintain environmentally advanced buildings and us

cleaner energy sources. The State of New York i

providing nearly $16 million towards the Gree

Manufacturing Center.

A Message from Andrew KimballThanks to New York City Regional Center financing an

funding from the City of New York, the Brooklyn Nav

Yard Development Corporation continues to mov

aggressively on its $141 million construction an

infrastructure projects. A substantial portion of th

water, sewer, electric and road reconstruction is eithe

complete or in construction, including key infrastructu

work serving the Green Manufacturing Center (GMC

Design for the GMC is 90% complete and BNYDC is no

negotiating with end users for space in the building. ThBNYDC project will create over 1,300 jobs.


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Steiner Studios works with top film companies such a

Disney, Sony, and Universal as well as leading televisio

networks like ABC and NBC. A wide range of movies an

television shows are being produced at Steiner Studiosuch as Men in Black 3 starring Will Smith and M

Poppers Penguins starring Jim Carrey.

Steiner Studios plays a critical role in New York City

$1.5 billion film industry, and we are delighted that the

will now be doubling their presence at the Brookly

Navy Yard. The dramatic growth of Steiner Studios wi

also create jobs for New Yorkers, generate tax revenue

and stimulate new economic activity.

--New York City Mayor Michael R. Bloomberg

ROOKLYN NAVY YARD STEINER STUDIOS

XPANSION PROJECT UPDATE

einer Studios is the largest film and television

oduction studio complex outside of Hollywood. EB-5

nds will be used to help renovate a historic 235,000

uare foot building adjacent to Steiner Studios current

ate of the art facility, construct 5 new television and

mmercial soundstages, construct a new parking

cility, and upgrade an electrical substation. The

NYDC and the United States Economic Development

dministration have already invested $5 million into theoject.

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rooklyn Navy Yard Redevelopment

roject Featured on the News

e Brooklyn Navy Yard Redevelopment Project wasatured on NY1 television in July 2010. The story

ghlighted the Green Manufacturing Center as one of

e largest redevelopment projects at the BNY. Were

ing to reuse the steel and the structure, put a new

of on, new siding and target it toward green

anufacturing, one of the growing industrial centers in

e Brooklyn Navy Yard, said Andrew Kimball,

esident and CEO of the BNYDC.

UPCOMING PROJECTS FOR THE NYCRC

Brooklyn Arena and Infrastructure Project

The NYCRC is pleased to announce another project i

conjunction with the governments of both the City o

New York and State of New York.

Located at the Atlantic Yards development site in

Brooklyn, this $1.4 billion Brooklyn Arena andInfrastructure Project is a subset of the $4.9 billion

Atlantic Yards Project and is one of the most importan

development initiatives underway in New York City

today and one of the largest job-creating projects in

over a decade. EB-5 funding will be combined with

significant funding from the City of New York, the State

of New York, and the developer of the Project, Fores

City. On September 23, 2010, all components and

documents of the Brooklyn Arena and Infrastructure

Project were fully approved by the United StateCitizenship and Immigration Services (USCIS).

www.nycrc.com
http://www.nycrc.com/http://www.nycrc.com/


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he Project is one of the components of Mayor

oombergs Vision for a 21st Century Lower

anhattan, East River Waterfront Esplanade and Piers

oject (ERW). The ERW was initiated in 2004 by the

epartment of City Planning in cooperation with NYC

conomic Development Corporation to transform a

wo-mile stretch of long neglected waterfront into a

pectacular waterfront esplanade.

Manhattan Waterfront Project

uilt in 1909, this historic New York City-owned Battery

aritime Building located on the waterfront of lower

anhattan will be transformed into a public accessible

ace and a boutique hotel with a rooftop bar and

staurant. The planned redevelopment of this

ndmark is a complement to many of NYCs key land

e initiatives.

*****No offer to sell any security is made by this newsletter. The information in t

newsletter is not an offer to sell or solicitation of an offer to buy an interest

any investment. Any such offer or solicitation will be pursuant to exemptio

from registration requirements set out in applicable securities laws and mad

only by means of delivery of a confidential private offering memorandum

relating to a particular investment to qualified investors in those jurisdictiowhere permitted by law.

New York City Regional Center, LLC 2010 All rights reserved

George Washington Bridge Bus Station

Redevelopment Project

George Washington Bridge Bus Station is located onproperty owned by the Port Authority of New York/New

Jersey, the largest publicly owned authority in the U.S.

This project will transform the 1960s Bus Station into

21st century retail destination and transit hub in Uppe

Manhattan, to better serve the thousands of dail

commuters that pass through the station, as well as th

numerous employees and students of nearby Columbi

University and surrounding community.

Existing Proposa

www.nycrc.com

Some of the anchor retail tenants include United State

Postal Service, TD Bank, Applebees, Duane Reade

Marshalls, Payless Shoes, Key Food and more.
http://www.nycrc.com/http://www.nycrc.com/

nycrc newsletter november 2010

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