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City announces RFPs for 11 sites in two boroughs.

New York City Economic Development Corporation is issuing Request for Proposals (RFPs) for disposition and redevelopment of 11 City-owned industrial sites in Brooklyn and the Bronx. Brooklyn sites include Units B, C and D of the Bush Terminal in Sunset Park, as well as an additional site in Sunset Park and five sites in the East New York/Flatlands section.

Two sites in the Bathgate section of the Bronx are also included. The sites range in size from approximately 2,280 s/f to 460,000 s/f, for a total of more than 783,000 s/f. All sites are located in Industrial Business Zones (IBZs), which were established in 2005 to create specific districts that are cleaner safer and more business-friendly for industrial businesses.

"The Bloomberg Administration is committed to supporting the city's industrial sector and facilitating the development of quality space for industrial and manufacturing firms," said EDC Interim President Joshua J. Sirefman. "The City's 500,000 industrial jobs represent 15% of our workforce, and we are working to protect and add to those vital jobs. These RFPs will help us to achieve that goal."

"Finding space for growing industrial firms to expand is one of the biggest challenges facing this important sector," said Carl Hum, Director of the Mayor's Office of Industrial and Manufacturing Businesses. "The space being offered represents a commitment from the Bloomberg Administration to meet that need and keep these important, high-wage jobs in the city."

The RFPs are limited to industrial firms or developers committed to the development and maintenance of rental space for industrial uses.

EDC will use a variety of criteria to evaluate the proposals, including economic return to the city, financial feasibility, relationship to surrounding community, development team qualifications, and design considerations including architectural and urban design.

There will be an informational meeting today, Wednesday, July 19, 2006 at 10:00 a.m. at EDC's offices at 110 William Street, New York City. Copies of the RFP can be requested by calling (212) 312-3969, or downloaded at www.nycedc.com/rfp. Responses are due no later than 4 p.m. on Thursday, August 24, 2006.
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Title Annotation:Request for Proposals
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jul 12, 2006
Words:356
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