EDC picks developer.New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. , in conjunction with New York City Health and Hospitals Corporation The New York City Health and Hospitals Corporation (HHC) operates the public hospitals and clinics in New York City. It was created in 1969 by the New York State Legislature as a public benefit corporation (Chapter 1016 of the Laws 1969). , selected Pistilli Realty Group and D&F Consultants last week to acquire and develop an approximately two-acre site at Queens Hospital Center. The developers' plan calls for housing, retail and medical office space and an enclosed parking garage for the Queens Hospital Center located near the intersection of Parsons Boulevard and Goethals Avenue, off the Grand Central Parkway The Grand Central Parkway is a parkway that stretches from the Triborough Bridge in New York City to Nassau County on Long Island. At the Queens-Nassau border, it becomes the Northern State Parkway, which runs across the northern part of Long Island through Nassau County and into in Jamaica, Queens. "In the current climate of limited public funds, this project provides the private sector an economically feasible means to help expand the medical and health facilities on the campus of Queens Hospital while benefiting the residential and business communities of Jamaica as well," said EDC EDC See: Export Development Corp. President Andrew M. Alper. "This project is an excellent complement to the new Queens Hospital facility, as well as the other projects on the campus that are underway or planned for the near future." The developer proposes to invest over $50 million to construct approximately 200 units of middle-income and market rate rental housing; 26,300 square feet of medical office space, 11,000 s/f of retail space and a 450-car parking garage. The project will create approximately 100 permanent and 500 construction jobs. "From the beginning, the Borough President's Office has sought a comprehensive, community-friendly development plan for the entire Queens Hospital Center campus," said Borough President Helen Marshall. "A new hospital opened just over two years ago. Now a developer has been chosen to create housing, medical offices and retail uses that will expand opportunities in coordinated fashion for the local community and, at the same time, generate construction and long-term jobs." The construction of a modem, new 200-bed hospital facility enabled QHC QHC Quality in Health Care (journal) QHC Queens Hospital Center (New York City) QHC Quinte Healthcare Corporation QHC Honorary Chaplain to the Queen (UK) to redistribute and consolidate its operations, making a portion of its campus available for development. In 2003, EDC, on behalf of HHC HHC Home Health Care HHC Headquarters Company HHC Health and Hospitals Corporation (New York, NY) HHC Hand-Held Computer HHC Hiphopcanada Inc. issued a Request for Proposals for the two-acre parcel formerly occupied by the old hospital building. The Pistilli/D&F team was selected for this project as a result of that RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. . The RFP encouraged private investment that would assist in meeting the demands of the health care market and benefit the larger residential and business communities of Queens by expanding health services health services Managed care The benefits covered under a health contract , housing opportunities and office/retail development. "This exciting collaboration with the City's Economic Development Corporation supports HHC's healthcare mission in a variety of ways, while providing many additional benefits to the neighborhood," said HHC President Dr. Benjamin Chu. "The proposed development will provide an ongoing revenue stream to Queens Hospital while improving parking conditions in the community by adding 450 much-needed spaces for patients, staff and visitors." Pistilli Realty Group, founded in 1975, specializes in commercial construction in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. area. The company also manages more than 4,200 residential units and 225,000 s/f of commercial space. The company's recent projects include the conversions of the Eagle Electric Manufacturing plant and the former Steinway factory in Astoria, Queens, to residential buildings. Joseph Pistilli is also founder and chairman of First Central Bank in Whitestone, New York. |
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