Long Island City To See Economic Boost As City Calls For 1.2M SF Of Office, Manufacturing And Residential Development
New York City is seeking developers to transform waterfront land in Long Island City into 1.2M SF of offices, manufacturing space and apartments.
The de Blasio administration put out a call for bids on two parcels across the inlet from Gantry Plaza State Park Thursday morning, the first attempt at commercial development on LIC’s waterfront since 2001.
The endgame is delivery of 300k SF of office or light manufacturing space, up to 1,000 apartments, a school and a park, Capital New York reports.
The sites are just across the river from midtown Manhattan and “just a stone’s throw from the new Cornell Tech campus rising at Roosevelt Island,” the proposal notes.
Before building can commence the land would need to be rezoned for uses other than manufacturing, and a restaurant and Department of Transportation building would have to be relocated or otherwise accommodated.
It shouldn’t be too hard to convince developers that office space is worth building in LIC–Uber’s New York HQ is there, and WeWork has opened a facility as well. [CNY]