Newsletter VOL.
I - ISSUE 2
Greetings from New York City! The New York
City Regional Center (“NYCRC”) is pleased to take this
opportunity to update you on your EB-5 investment.
This newsletter is the second of a series of updates we
will provide you over the coming years. We believe it is
important that you are kept informed on the status of
your investment, the progress of the project, and news
regarding the NYCRC. As always, we are here to answer
any questions that you may have.
NYCRC News
The NYCRC team in China is lead by our General
Manager Gregg Hayden. They have been traveling
throughout China meeting with investors and assisting
our immigration firm partners.
Jasmine Shim, Marketing Director of the NYCRC,
traveled to South Korea for a month this summer to
meet with investors in person. It was a great
opportunity for the NYCRC to meet with Korean families
and explore the Korean market in preparation for our
upcoming projects.
New Additions to Our Team
Lin Wu, Business Development Director: Lin is based in
our New York City Office and is fluent in English and
Chinese.
Zach Woods, Assistant General Manager in China: Zach
is based in Shanghai and is fluent in English and Chinese.
Gladys DeRienzo-Scott, Controller: Gladys is based in
our New York City Office and is fluent in English and
Spanish.
Nov
Vol. 1
BROOKLYN NAVY YARD
REDEVELOPMENT PROJECT UPDATE
The Brooklyn Navy Yard Redevelopment Project
officially 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 includes
the installation of what will be the City’s largest solar
panel on the roof of the new Green Manufacturing
Center. Tenants will be able to rent spaces ranging
from 5,000 to 50,000 square feet. Since most of the
BNY’s tenants are currently in spaces under 5,000
square feet, the environmentally efficient Green
Manufacturing Center will give new tenants a wider
range of choices and current tenants the opportunity to
expand and grow. Andrew Kimball, President and CEO
of the Brooklyn Navy Yard Development Corporation,
sees the growth of green manufacturing as directly tied
to New York City’s sustainability regulations and goals.
New York City now requires that building owners
maintain environmentally advanced buildings and use
cleaner energy sources. The State of New York is
providing nearly $16 million towards the Green
Manufacturing Center.
A Message from Andrew Kimball
“Thanks to New York City Regional Center financing and
funding from the City of New York, the Brooklyn Navy
Yard Development Corporation continues to move
aggressively on its $141 million construction and
infrastructure projects. A substantial portion of the
water, sewer, electric and road reconstruction is either
complete or in construction, including key infrastructure
work serving the Green Manufacturing Center (GMC).
Design for the GMC is 90% complete and BNYDC is now
negotiating with end users for space in the building. This
BNYDC project will create over 1,300 jobs.”
1 2010

Brooklyn Navy Yard Redevelopment
Project Featured on the News
The Brooklyn Navy Yard Redevelopment Project was
featured on NY1 television in July 2010. The story
highlighted the Green Manufacturing Center as one of
the largest redevelopment projects at the BNY. “We’re
going to reuse the steel and the structure, put a new
roof on, new siding and target it toward green
manufacturing, one of the growing industrial centers in
the Brooklyn Navy Yard,” said Andrew Kimball,
President and CEO of the BNYDC.
BROOKLYN NAVY YARD STEINER STUDIOS
EXPANSION PROJECT UPDATE
Steiner Studios is the largest film and television
production studio complex outside of Hollywood. EB-5
funds will be used to help renovate a historic 235,000
square foot building adjacent to Steiner Studios current
state of the art facility, construct 5 new television and
commercial soundstages, construct a new parking
facility, and upgrade an electrical substation. The
BNYDC and the United States Economic Development
Administration have already invested $5 million into the
project.
Nov
Vol. 1
www.nycrc.com
Steiner Studios works with top film companies such as
Disney, Sony, and Universal as well as leading television
networks like ABC and NBC. A wide range of movies and
television shows are being produced at Steiner Studios
such as “Men in Black 3” starring Will Smith and “Mr.
Popper’s Penguins” starring Jim Carrey.
“Steiner Studios plays a critical role in New York City’s
$1.5 billion film industry, and we are delighted that they
will now be doubling their presence at the Brooklyn
Navy Yard. The dramatic growth of Steiner Studios will
also create jobs for New Yorkers, generate tax revenues
and stimulate new economic activity.”
--New York City Mayor Michael R. Bloomberg
UPCOMING PROJECTS FOR THE NYCRC
Brooklyn Arena and Infrastructure Project
The NYCRC is pleased to announce another project in
conjunction with the governments of both the City of
New York and State of New York.
Located at the Atlantic Yards development site in
Brooklyn, this $1.4 billion Brooklyn Arena and
Infrastructure Project is a subset of the $4.9 billion
Atlantic Yards Project and is one of the most important
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, Forest
City. On September 23, 2010, all components and
documents of the Brooklyn Arena and Infrastructure
Project were fully approved by the United States
Citizenship and Immigration Services (“USCIS”).
2 2010
 Vol. 1
www.nycrc.com

Manhattan Waterfront Project George Washington Bridge Bus Station

Redevelopment Project
George Washington Bridge Bus Station is located on
property owned by the Port Authority of New York/New
Jersey, the largest publicly owned authority in the U.S.

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

Maritime Building located on the waterfront of lower
Manhattan will be transformed into a public accessible
space and a boutique hotel with a rooftop bar and
restaurant. The planned redevelopment of this
landmark is a complement to many of NYC’s key land
use initiatives.
This project will transform the 1960’s Bus Station into a
21st century retail destination and transit hub in Upper
Manhattan, to better serve the thousands of daily
commuters that pass through the station, as well as the
numerous employees and students of nearby Columbia
University and surrounding community.

The Project is one of the components of Mayor

Bloomberg’s Vision for a 21st Century Lower
Manhattan, East River Waterfront Esplanade and Piers
Existing Proposal
Project (“ERW”). The ERW was initiated in 2004 by the
Department of City Planning in cooperation with NYC Some of the anchor retail tenants include United States
Economic Development Corporation to transform a Postal Service, TD Bank, Applebee’s, Duane Reade,
two-mile stretch of long neglected waterfront into a Marshalls, Payless Shoes, Key Food and more.
spectacular waterfront esplanade.

*****
No offer to sell any security is made by this newsletter. The information in this
newsletter is not an offer to sell or solicitation of an offer to buy an interest in
any investment. Any such offer or solicitation will be pursuant to exemptions
from registration requirements set out in applicable securities laws and made
only by means of delivery of a confidential private offering memorandum
relating to a particular investment to qualified investors in those jurisdictions
where permitted by law.
New York City Regional Center, LLC © 2010 All rights reserved

Nov 3 2010