NYCEDC Issues Multi-Site RFP For Ground-Up Industrial Development
New York City Economic Development Corporation (NYCEDC) today announced the release of an RFP seeking the purchase and development of four primarily vacant and underutilized sites across the Bronx, Brooklyn, and Queens. The sites, all of which possess the potential to house growing industrial businesses looking for ground-up development of new facilities, including: a 95,000 square foot property located at 2399 Watson Avenue in the Zerega section of the Bronx; an 80,000 square foot property on Atlantic Avenue and Chestnut Street in East New York Brooklyn; a 53,000 square foot property on 24th Street and Third Avenue in Sunset Park Brooklyn; and a 40,000 square foot property at 28th Avenue and 122nd Street in the College Point Corporate Park section of Queens.Through the RFP, NYCEDC is looking to enable and enhance the growth of the City’s industrial base through the redevelopment of the sites for as-of-right industrial use, and expand and preserve quality jobs for the local community.
“Strengthening the City’s industrial base is among our top economic development priorities,” said New York City Economic Development Corporation President Seth W. Pinsky. “Through this RFP, we will make it easier for industrial companies looking to construct new facilities to find available locations, and in so doing, provide them with additional opportunities to grow and create high-paying industrial jobs across the City.”
“The College Point Corporate Park is an important component in the unique landscape of our borough,” said Queens Borough President Helen Marshall. “We look forward to the responses to this RFP in terms of enabling growth and appropriate redevelopment with much-needed jobs.”
“I am thrilled to hear about the new RFP for a site in Zerega here in the Bronx as well as other underutilized properties across the City. These properties possess great potential, and any future redevelopment will significantly enhance the quality of life and will lead to future economic growth. This new RFP offers an opportunity for a use that will benefit the Bronx and the entire City of New York for years to come,” said Bronx Borough President Ruben Diaz Jr.
“Brooklyn was once a manufacturing powerhouse, but sadly many of those businesses closed up shop, taking jobs with them. I applaud Mayor Bloomberg, Deputy Mayor Robert Steel, and the Economic Development Corporation and President Seth Pinsky for including in this RFP properties in Sunset Park and East New York—after all, the better East New York and Brownsville do, the better Brooklyn and New York City do—and for making important strides in reviving Brooklyn’s and New York City’s manufacturing and industrial base and creating the good-paying jobs we need today,” said Brooklyn Borough President Marty Markowitz.
NYCEDC is accepting responses to the RFP on a rolling basis which will allow respondents to submit one or multiple proposals during any of four consecutive quarterly periods. The first submission deadline is September 13, 2012.
The RFP is part of 22 initiatives announced in June 2011 by Mayor Bloomberg, in partnership with the City Council, that will revitalize, modernize, and preserve up to 9 million square feet of underutilized industrial space, and create and retain up to 30,000 direct and indirect industrial jobs, generate annual payroll earnings of more than $900 million and more than $150 million in City tax revenue. The industrial sector is an integral part of the City’s economy that has faced serious challenges in recent decades, but now offers real opportunities for growth and development.
The initiatives resulted from an inter-agency review of the City’s industrial policies, led by Deputy Mayor for Economic Development Robert K. Steel, New York City Economic Development Corporation President Seth W. Pinsky, Department of Small Business Services Commissioner Robert W. Walsh and City Planning Commissioner Amanda M. Burden. The review found that while the City’s industrial sector has been declining in line with national trends of 8 percent annually over the past 10 years, there are certain subsectors showing stability and growth. As offshoring costs increase, it is anticipated that industrial activities will continue to grow nationwide. New York City in particular offers unique location-based advantages for industrial activity, including a population of about 8.4 million, access to a large workforce and highly-skilled labor, and one of the nation’s busiest ports based on import volume. The review also found that industrial businesses in the City are challenged by a lack of building stock appropriate for modern industrial uses, higher costs, and difficulty maneuvering City processes. Industrial sectors account for 15 percent of New York City’s overall private employment and more than 23 percent of employment outside of Manhattan, and industrial jobs have a mean wage of $67,000.
To obtain a copy of the RFP, please visit: www.nycedc.com/rfp. Responses are due September 13, 2012.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.