Daily Clips: February 17, 2010

Ground Zero Arts Center gets go ahead
Crain’s New York Business
City officials told Crain’s last week that the Frank Gehry-designed theater at Ground Zero will be constructed on the originally planned site, and that below-ground construction work on the foundation will start next quarter.

Moynihan Station gets $83M in stimulus bucks
Crain’s New York Business
The perennially delayed plan to transform New York City’s main post office into a transportation hub got a boost Tuesday when Sen. Charles Schumer announced an $83.2 million federal grant to jumpstart the project.

In Des Moines, Downtown Revival Is a Team Effort
The New York Times
Square Feet
Des Moines’ leaders have invested in downtown, and private tenants are quickly moving in.

As Garment Industry Moves Out, Theater and Arts Move In
The New York Times
Square Feet
The Garment District’s cheap real estate has recently made it a haven for small theater companies, but will it last?

Walgreen to Buy Duane Reade for $1.1 Billion
The New York Times
Under the terms of the deal, Duane Reade stores will continue to operate under their current name for now, and most of its senior management team will remain for the time being.