Two of the area’s most powerful developers and a real estate firm controlled by the owners of the Mets are among the firms that submitted proposals for the right to redevelop Willets Point, real estate and political sources said.
The Related Companies has teamed up with Sterling Equities, which is controlled by Mets owners Fred Wilpon and Saul Katz, to submit a proposal to redevelop the 12.75 acres included in the project’s first phase, the sources said.
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If they don’t fix the franchise first, re-developing that area will be a huge waste of money.