LCOR named developer for 300,000-SF office project in Jamaica.Greater Jamaica Jamaica (jəmā`kə), independent state within the Commonwealth (2005 est. pop. 2,732,000), 4,232 sq mi (10,962 sq km), coextensive with the island of Jamaica, West Indies, S of Cuba and W of Haiti. Development Corporation designated LCOR Inc. for the development of a new $90 million 300,000-SF tower GJDC is sponsoring. The building will be the nexus of an aviation-related complex in downtown Jamaica. GJDC is leading the effort to attract airport-related office users by transforming a section of the downtown into an "airport village." Its Vision for Jamaica Center, released earlier this year, calls for the development of sites above and around the new AirTrain AirTrain is the name of several passenger railway operations connecting airports to city centres:
In early 2001, GJDC solicited interest from developers for the new tower. After reviewing responses from five qualified firms, GJDC designated LCOR based on the firm's proven track record, commitment to the community and ability to complete complex private-public developments. "I am confident that the addition of LCOR to our team will make the new structure happen. GJDC's enthusiastic support for AirTrain is based on the Governor Pataki's confidence that AirTrain is more than just transportation--it is local economic development as well," said Carlisle Carlisle, city, England Carlisle, city (1991 pop. 72,006) and district, Cumbria, NW England, near the junction of the Caldew, Eden, and Petteril rivers. The city of Carlisle is an important rail center. Towery, GJDC's president. "We are very excited by the opportunity to work with GJDC in bringing this development to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. ," said Kurt Eichler, executive vice president of LCOR. "The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. of AirTrain, the global business gateway at JFK and downtown Jamaica's assets will produce great benefits, supporting local businesses and providing economic opportunity for the community as a whole. Downtown Jamaica and the tax benefits it offers is a tremendous resource for companies that want to be near JFK airport; this development will offer firms a strategic location and will function as a transit-oriented development A transit-oriented development (TOD) is a mixed-use residential or commercial area designed to maximize access to public transport, and often incorporates features to encourage transit ridership. (TOD). The purpose of a TOD is to reduce the use of single-occupant vehicles A single-occupant vehicle (SOV) is a privately operated vehicle whose only occupant is the driver. The drivers of SOVs use their vehicles primarily for personal travel, daily commuting and for running errands. by bringing potential riders closer to transit facilities," said Eichler. |
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