http://therealdeal.com/blog/2013/10/...-up-for-grabs/
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Plans call for a developer to demolish the current structure along with two adjacent buildings and redevelop the site, according to the New York Post.
The winner “will be able to commence the redevelopment under the proposed upzoning immediately after the MTA vacates the property,” according to the new call for proposals.
If rezoning is approved by the City Council and signed by the mayor, development should be able to start two to three years sooner than the 2017 date originally planned on.
Rezoning would also most likely help the MTA see a higher price for the long-term lease it will award to the winning developer, according to Steven Spinola, president of the Real Estate Board of New York.
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http://nypost.com/2013/10/11/mta-see...quarters-site/
Quote:
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The agency is seeking fresh proposals from real-estate developers, citing changes to the Midtown East rezoning proposal, after receiving a first round of bids in mid-August.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Last edited by NYguy; Oct 14, 2013 at 3:01 PM.
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