New York, NY – December 8, 2011 – (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and redevelopment of an approximately 2,500 square foot property located at 135-15 40th Road in the heart of Flushing, one of the City’s most vibrant neighborhoods, right off Main Street. This area is located within the Downtown Flushing Transit Hub Business Improvement District with easy access to the subway, several bus lines, the Van Wyck Expressway, and the Long Island Expressway. The RFP aims to reactivate the site for commercial, residential, or community facility uses that take into consideration the site’s relationship to the community and the existing neighborhood.
“While the property is small in size, it represents a meaningful step towards creating a brighter future for Downtown Flushing as envisioned in Mayor Bloomberg’s Downtown Flushing Development Framework. To reactivate this vacant building presents an opportunity to the private sector to be a part of Flushing’s incredible, on-going renaissance,” said NYCEDC President Seth W. Pinsky.
“It is encouraging that with a looming budget deficit, the NYC Economic Development Corporation is looking for revenue generating opportunities. NYCEDC has decided to develop the old sanitation building on 40th Road to help Flushing continue to prosper economically and provide more jobs for local residents. As we all know Flushing is a vibrant community with many development opportunities. Therefore, I am confident that when the NYC Economic Development Corporation, elected officials and community leaders work together we can create a development plan that benefits everyone,” said Councilman Peter Koo.
The site currently houses an approximately 5,000 square feet, two-story building with a partial cellar that was built in 1950. The building was used by the New York City Department of Sanitation for administrative uses and has remained vacant since 2005, when it was structurally damaged by adjacent construction. NYCEDC is seeking qualified individuals and organizations to purchase the site, demolish the existing building, and develop the site in accordance with the above uses.
The City seeks to maximize the proceeds from the sale and tax revenue associated with the new development. The developer will expand and preserve quality jobs for local residents and allow for permanent employment opportunities for the City’s local and disadvantaged residents through participation in the HireNYC Program.
This property is within walking distance of the future Flushing Commons development and Sky View Center and further complements the Downtown Flushing Development Framework developed in 2003, under the direction of Mayor Bloomberg, aimed at positioning Flushing as a center of urban activity by enhancing opportunities for residential and commercial development, both east of Main Street and westward to the Flushing River. The Framework takes into account Flushing’s many great assets and addresses the challenges that the area faces; laying the groundwork for reconnecting the long-isolated Downtown with the neighboring amenities of Flushing Meadows-Corona Park, Citi Field, and the Queens Botanic Gardens.
To obtain a copy of RFP, please visit: www.nycedc.com/rfp. Responses are due no later than February 17, 2012.
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 and Twitter to learn more about NYCEDC projects and initiatives.
Contact:
Jen Friedberg
(212) 312- 3523
