NYCEDC Seeks Expressions of Interest For Development at the Teleport on Staten Island
100-acre Site Available for Expanding Existing Office Park or for New Visions
New York City Economic Development Corporation (NYCEDC) and the Port Authority of New York and New Jersey (Port Authority) today issued a Request for Expressions of Interest (RFEI) for development at the Staten Island Industrial Park known as the Teleport. The RFEI will seek ideas from developers to expand or transform the site, or to utilize the site more efficiently. Currently, half of the Teleport is used as a data center and office park, while the remaining half, another 40 acres, is available for development. Respondents can propose development ideas for portions of or for all of the available land, or submit a vision that encompasses the entire site.
"The Teleport property on Staten Island possesses great potential, and any additional development on the site is sure to significantly benefit Staten Island,” said NYCEDC Executive Director Kyle Kimball. “We look forward to seeing the creative solutions that the development community comes up with to enhance quality of life and lead to future economic growth in the area.” The Teleport was initially developed as a partnership between Merrill Lynch, the City of New York and the Port Authority of New York and New Jersey in the mid-1980s with the goal of creating economic activity through development and job creation. The park was developed with a focus on technology, utilizing satellite and extensive fiber optic connectivity to offer high-speed voice, data and video services. It has attracted large data centers as tenants who have been joined in recent years by medical and education-related businesses.
“The Port Authority believes there is a significant development opportunity at The Teleport that can be unlocked with private sector ideas and capital,” said Port Authority Executive Director Pat Foye. “Exploring options to turn over our lease to the private sector is consistent with our Agency’s efforts to focus on our core transportation mission, while helping to spur growth on Staten Island and create jobs for the region.”
"In recent years, the Teleport has proven to be a great site for companies to do business, but it is currently under-utilized,” said Staten Island Borough President James P. Molinaro. “As we seek to develop our West Shore as our 'business' coast, I look forward to continued growth at the Teleport."
"This is a truly unique piece of property that offers a wide array of possibilities," said Council Member James Oddo. "It is set in the Staten Island Corporate Park, a rural oasis with a New York City address - and with major highways only a stone's throw away, both Manhattan and New Jersey are easily accessible. I firmly believe there will be widespread and diverse interest in the Teleport, and I'm confident we will be able to sit down with the Bloomberg Administration and select a project that will offer great benefits to the developer, the borough of Staten Island and the city of New York.”
The Teleport office park is located on a 100-acre campus which currently includes five commercial buildings with 700,000 square feet of office space, as well as another 40 acres on five development parcels that are primed for development. The Teleport is ground leased from the City of New York to the Port Authority. Individual parcels were subleased to building owners who developed their own sites.
The Teleport remains an important piece of Staten Island’s economic development and job creation strategies, and figures prominently in the Working West Shore 2030 vision plan. NYCEDC and the Port Authority are jointly issuing the RFEI to the development community to test market interest in the site. Respondents are encouraged to propose a project that incorporates either all or a portion of the site, that involves either a purchase or a lease, or that either develops the property or manages it as presently built, based on the development expertise of the respondent.
To obtain a copy of the RFEI, please visit www.nycedc.com/TeleportRFEI. Responses are due no later than October 10, 2013.
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.