NYC Economic Development Corporation Seeks Developer for Prime Site in Downtown Jamaica

NYC Economic Development Corporation Seeks Developer for Prime Site in Downtown Jamaica

New York City, September 24, 2007– New York City Economic Development Corporation (NYCEDC) issued a Request for Proposals for the sale and redevelopment of an approximately 45,000-square-foot site in Downtown Jamaica, Queens. NYCEDC is seeking development consisting of retail space, market-rate and affordable housing and required accessory parking facilities. The site is located on the northeast corner of 93rd Avenue and 168th Street, bounded by Jamaica Avenue to the north, 169th Street to the east, 93rd Street to the south, and 168th Street to the west. Rezoning and disposition of the site were included in the City’s recent approval of the Jamaica Plan; therefore, development will not be subject to the City’s Uniform Land Use Review Procedure (ULURP).

“Approval of the Jamaica Plan rezoning was a tremendous move forward in helping Jamaica realize its potential to become one of New York’s premier business and residential districts,” said NYCEDC Robert C. Lieber. “This RFP is the first step in implementing that plan and seeks to create a dynamic retail and high-quality, mixed-income housing development complex that will be the model and catalyst for future growth in the area.”

The project will include 35,000 to 70,000 square feet of retail space. The residential component must include mixed-income units, with preference given to proposals attaining significant levels of affordability in terms of quality of units provided and depth of affordability achieved. Twenty percent of the units must be rental and permanently affordable. There is currently a two-story, 84,500-square-foot parking garage on the site that the developer will be responsible for demolishing. Off-street accessory parking must be provided to meet minimum zoning requirements.

“The responses to this RFP are extremely important and we look forward to the selection of a comprehensive proposal that will capitalize on the area’s ongoing revival and bring much needed housing, parking and retail space to one of our borough’s transportation hubs,” said Queens Borough President Helen Marshall. “I am also delighted that this redevelopment project will provide jobs in the local community through the City’s Economic Development Corporation’s Workforce Development Program. I look forward to working with the City and the Economic Development Corporation in a combined effort to secure the future of downtown Jamaica.”

The RFP seeks a project that features high-quality, sustainable design, and provides a source of quality construction jobs and sets Minority and Women-owned Business Enterprise (MWBE) hiring targets. The ideal project will also maximize permanent employment opportunities for the City’s local and disadvantaged residents through participation in the Targeted Hiring and Workforce Development Program.

“I am looking forward to the development of the 168th Street parking garage which will include two floors of retail space,” said Councilmember Leroy Comrie. “I am hopeful that this project will contribute to the economic renaissance of Downtown Jamaica and result in jobs for residents of Southeast Queens, as well as begin to help address the parking crisis in this community. I want to thank the Administration for its efforts in the matter and I look forward to working together in the future.”

The Site is located in Downtown Jamaica, one of New York City’s regional retail, employment and transportation hubs. The Long Island Railroad has its headquarters at Jamaica Station and provides a 20-minute connection to Midtown Manhattan and Downtown Brooklyn. Forty-nine bus lines, and the E, J, Z and F subway lines serve Downtown Jamaica. Over the past five years, Jamaica has seen private development in the downtown area for the first time in several decades following a series of key public investments. The most catalytic of these was the completion of the new AirTrain which offers direct connections to JFK Airport. In addition, Mayor Bloomberg has identified Jamaica as a priority Borough Business District, sparking further investment.

NYCEDC will use a number of criteria to evaluate and analyze the proposals, including economic impact on the City’s economy; the development team’s qualifications; financial feasibility of the project; its relationship to the surrounding community; and architectural and urban design. NYCEDC also supports green, sustainable design. The selected developer will be required to seek a Silver LEED rating for the project.

To download a copy of the full RFP, visit www.nycedc.com/rfp. There will be a site visit on Wednesday, October 10, 2007 at 10 a.m. An informational meeting will be held on Wednesday, October 17, 2007 at 10 a.m. at 110 William Street, New York, New York 10036, Fourth Floor. Those wishing to attend the site visit and informational meeting should RSVP by contacting Liliana Ruiz at 212-312-3840 or lruiz (at) nycedc (dot) com on or before Tuesday, October 9, 2007. Proposals are due no later than Thursday, November 29, 2007 at 4 p.m.

About NYCEDC

New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

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NYCEDC

New York City Economic Development Corporation (NYCEDC) is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

Contact:

Phone: (212) 619-5000

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