2001-02-03 / Front Page

Two Rockaway Sites Available For Development Mayor Giuliani Issues RFP

By John C. McLoughlin
Two Rockaway Sites Available For Development Mayor Giuliani Issues RFP By John C. McLoughlin

Two Rockaway Sites Available For Development
Mayor Giuliani Issues RFP

Mayor Rudy Giuliani announced this week that the New York City Economic Development Corporation (EDC) is issuing Requests for Proposals for the development of approximately 777,000 square feet of desirable city-owned real estate on 16 sites, with two such locations in Rockaway.

"We have been extremely successful in the past in encouraging private investment in city-owned property, and I am confident that these current offerings will result in many exciting proposals," Giuliani said. "We will capitalize on the city’s healthy economy, and put these under-utilized sites back on the tax rolls and create hundreds of new jobs for New Yorkers."

The properties include municipal parking facilities – a parking garage in downtown Brooklyn; a parking lot in Rosedale, Queens; and another parking garage in Kew Gardens, Queens. An entire city block is being offered in the Bathgate Industrial Park in central Bronx, as well as two adjacent industrial properties in the 550-acre College Point Corporate Park in Queens. Eight sites in East New York In-Place Industrial Park in Brooklyn and two industrial sites in Rockaway are also included.

The two vacant sites are in Rockaway are at Hammels boulevard between Beach 77 street and Beach 80 street.

"Located in the Bronx, Brooklyn, and Queens, the properties we are offering present a variety of excellent development possibilities," said EDC President Michael Carey. "I encourage anyone interested to submit proposals to take advantage of this opportunity to invest in New York City."

EDC will use a number of criteria to review and select the winning proposals for the sites. These include the economic impact of the proposed project on New York City, such as projected expenditures, purchase price, number of jobs and tax revenue generated by the project. EDC will also consider the development team’s qualifications, such as experience with similar projects, developmental skills and ability to bring the project to completion in a reasonable timeframe. Selected projects must be financed from conventional sources.

A project’s relationship to the surrounding community is another important criterion. In addition, architectural design, urban design and the maximization of the site’s potential must be consistent with applicable zoning, environmental and other regulatory controls.

There will be an informational meeting about the sites on Wednesday, February 14 at 9 a.m. at Guastavino’s Restaurant, 409 East 459 street, Manhattan. Proposals are due by 2 p.m. on Thursday, March 29, 2001. To attend the meeting or to request a complete RFP package for any of the sites, call 212-312-3969 or e-mail info@newyorkbiz.com, referring to "Opportunities for Development" in the subject line.

EDC is the city’s primary vehicle for economic development services. Using its real estate and financial resources, EDC helps develop businesses and create jobs throughout the five boroughs.


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