Chase subsidiary finances Hollis Center shopping mall.Chase subsidiary finances Hollis Center shopping mall The Chase Community Development Corporation (CCDC CCDC Cambridge Crystallographic Data Centre CCDC Centre City Development Corporation (San Diego, California) CCDC Consultant in Communicable Disease Control CCDC Certified Chemical Dependency Counselor CCDC Colorado Cross-Disability Coalition ), a subsidiary of The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. , has provided the bulk of the financing -- $1.95 million -- for Hollis Center, the first neighborhood shopping mall serving this minority area of Queens. Hollis Center, at the corner of Hollis Avenue and Francis Lewis Boulevard Francis Lewis Boulevard is a boulevard in the New York City borough of Queens. The roadway is named for Francis Lewis, a Queens resident who was a signer of the United States Declaration of Independence. , celebrated its official opening with a ribbon cutting by Queens Borough President Claire Schulman. The 16,000-square-foot complex is the result of a public-private sector partnership involving The Queens County Overall Economic Development Corporation, the Hollis Local Development Corporation and developer Roger Fisher. Current tenants are Walgreen's Drug, Blockbuster Video and Domino's Pizza. In addition to the Chase loan, the total construction cost of $2.6 million was financed by a $300,000 grant from the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Urban Development Corporation, a low-interest loan of $150,000 from the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Office of Business Development and equity from the developer. Mark A. Willis, president of the CCDC, said, "Two years ago Chase pledged $200 million to housing and economic development in low and moderate-income communities. Significantly, the commitment is a two-pronged one. Building housing is important, but is must be accompanied by a shoring up of the neighborhood's economy. The two are not rationally separable sep·a·ra·ble adj. Possible to separate: separable sheets of paper. sep ." Willis noted that Chase had provided $2 million in financing for a year-round farmer's market in Jamaica (Queens). This facility, sponsored by the Greater Jamaica development Corporation, is designed to anchor and sustain that community's downtown shopping area. Willis also said that the CCDC was working with community group to structure financing for the revitalization of commercial strips in East Tremont (Bronx) and Coney Island (Brooklyn). |
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