Request for Proposals to Develop 1.65 Million Square Feet of Mixed-Use Real Estate on Manhattan's Lower East Side
New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) today announced the next major step in transforming the largest parcel of under-developed City-owned land in Manhattan below 96th Street into vibrant, mixed-use space in one of New York’s most dynamic, diverse and historic neighborhoods. With the release of a Request for Proposals (RFP) today, nine sites located near the intersection of Essex Street and Delancey Street are on their way to becoming a 1.65-million-square-foot development including 1,000 units of housing with half of the units being permanently affordable. In addition, the RFP calls for new commercial space, a new and expanded Essex Street Market, open space, and the potential for a school and other community space. The development will create approximately 1,000 permanent jobs and 5,000 construction jobs.
“Today marks another historic milestone for the Lower East Side generally and Seward Park in particular. With the transformation of six acres of underutilized land into new housing, commercial and open space, we will not only create much-needed neighborhood amenities, but also generate thousands of new jobs. The release of this RFP is the culmination of an unprecedented community planning process, and we look forward to receiving a robust set of proposals that will ultimately reintegrate these sites back into this vital community.” - NYCEDC President Seth W. Pinsky
One or multiple developers may be selected to develop any or all of the sites, and it is anticipated that a designation will be made by the end of 2013. Proposals must be submitted by Monday, May 6, 2013. For more information and to download the RFP, visit: www.nycedc.com/sewardpark.