Economy

Business / Environment

Cement terminal opens on East River waterfront

The Cielo di Gaspesie will make two monthly deliveries of cement from Quebec to a new terminal in Hunts Point.

The grounds feature a 100,000-square-foot, 24-hour operational terminal as well as a quarter-mile public access greenway that stretches between the terminal and the wetlands along the East River waterfront. 

Economy

Judge agrees to settlement between Popular Community Bank, plaintiffs

Judge agrees to settlement between Popular Community Bank, plaintiffs

Popular Community Bank has been ordered to pay over $7.4 million to some of its customers and their attorneys, after a judge in New York State Supreme Court in Manhattan approved a settlement in a class action lawsuit last week. Judge O. Peter Sherwood ruled that a settlement between the […]

Economy

Popular Community Bank awaits judge’s decision

Popular Community Bank awaits judge’s decision

A judge in New York State Supreme Court in Manhattan will decide on Aug. 6 whether a settlement should go forward in a class action suit that would require Puerto Rico’s biggest bank to pay nearly $8 million to some of its customers and their attorneys.

Economy

New proposal aims to keep out “hot sheet” motels, shelters

Hunts Point

Developers might not be able to build hotels in Hunts Point’s industrial area without a special permit, if Community Board 2 votes later this month to approve an amendment to the city’s zoning code.

Business / Food

Hunts Point food distribution market workers ratify new contract

The Hunts Point market on Edgewater Road.

A looming strike has been averted at the Hunts Point Produce Market, as workers voted today to ratify a new, three-year collective bargaining agreement.

Business

Bikini bar will stay open under new management

Mike Diaz

Community Board 2 approved the liquor license of Hunts Point’s last remaining adult entertainment club – Mr. Wedge — with a yawn, with only one person coming out to voice her disapproval.

Economy / Housing

New housing coming to Longwood

Renderings of a new building planned for 1000 Fox Street.

Renderings have been revealed for two new affordable rental buildings located around the corner from each other near the commercial district of 163rd Street, and a third is going through the city’s approval process.

Business / Economy

Small businesses brace for rough holiday season

Blueprint clothing store (15 years at the location)
Ronald Elike, owner
1038 Southern
PHOTOGRAPHER: Mohammad Sharif Hassan

Ronald Elike is the owner of the Blueprint, a clothing store, on Southern Blvd. He launched the business in 2002 when few online businesses were selling cloths. His business grew for about a decade, but started trending down about five years ago. 

 “The chain stores have an effect on us, but online is even worse – that’s taken a big chunk of our business away – because a lot of customers are now shopping online,” 41-year-old business owner said. 

Elike tried to embrace the online business in the hope to compensate the store decline. He created a website and started selling on Ebay. The website didn’t help. The Ebay sales, however, increased over time. 

Elike said his business is “tremendously down,” this holiday season. In addition to online and chain store growth, he has another problem – unfriendly weather. With the weather warmer this December, fewer people buy winter clothes. 

“This year in particular we had a lot of issues with weather. It’s been warm. Normally it supposed to be cold [in December]. So, we are selling winter cloths, but people don’t need it right now,” he said.

Though business owners often depend on the holiday season to boost flagging revenues, many in Longwood’s main shopping district along Southern Boulevard say they’re not optimistic as big box stores and online sales have eaten away at their ability to earn a living in recent years.

Business

Tech skills on offer for LGBTQ youth

Joseph Cancel, 20, (left) looks on as Chris Mercado (center) gives Bejan Merz, 29 (right) resume edits

A class offered at the BankNote building teaches technology and career readiness to LGBTQ youth who make less than $50,000 a year. It is the first of its kind dedicated exclusively to LGBTQ youth in the Bronx.