New York NY – June 2, 2010 – (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the purchase and development of an approximately 109,000-square-foot vacant industrial property located in the Bathgate section of the Bronx. The full-block site just south of the Cross-Bronx Expressway between Bathgate and 3rd Avenue is part of the Bathgate Industrial Business Zone (IBZ), as well as the Bathgate Urban Renewal Area. The Site represents an excellent development opportunity for industrial businesses and developers looking for a large development site, with proximity to highways and public transportation, as well as availability of a local workforce in surrounding neighborhoods.
“Revitalizing the City’s industrial neighborhoods is a top priority of this administration,” said NYCEDC President Seth W. Pinsky. “This site represents one of the largest undeveloped parcels of industrial land left in the Bronx and provides a great opportunity for a prospective developer to create industrial space and provide new jobs to the people of the Bronx.”
The Bathgate IBZ is already home to approximately 30 industrial businesses that employ roughly 1,000 individuals. IBZs represent areas in which the City provides expanded assistance services to industrial firms in partnership with local development groups. Residential districts outside of the Bathgate IBZ boundaries provide a nearby labor pool within walking distance to Bathgate IBZ industrial businesses, while creating demand for neighborhood grocery options in this underserved community.
The site is also located within the Food Retail Expansion to Support Health (“FRESH”) program area, making it eligible for zoning and financial incentives to aid in the development of a neighborhood grocery store. As the project must first meet the requirement of the Bathgate Urban Renewal Plan, any potential grocery store must be associated with a wholesale produce or meat market. There is no ULURP required for the development if the proposal complies with the Urban Renewal Plan.
To obtain a copy of the complete RFP, please visit www.nycedc.com/rfp. Responses are due on Monday, August 16, 2010 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. Find us on Facebook to learn more about NYCEDC projects and initiatives.
