[NYguy]

https://www.realestateindepth.com/news/n...bay-health-care-hub-project-master-plan/

New York City Unveils $42-Billion Kips Bay Health Care Hub Project Master Plan





John Jordan
November 21, 2023

New York City Mayor Eric Adams, New York Gov. Kathy Hochul, the New York City Economic Development Corporation and The City University of New York unveiled on Nov. 17 the Science Park and Research Campus (SPARC) Kips Bay Master Plan for what city officials say will be a first-of-its-kind life sciences career and education hub that will anchor the industry in New York.

Arriving over one year since SPARC Kips Bay was announced, the master plan unveils key project details, including a new site plan and conceptual design, a new model for education and job training pipelines, and updated economic impact projections showing how significantly it will further New York City’s role as a global leader in creating and attracting accessible jobs in life sciences, health care, and public health by creating a pipeline from local public schools to careers in these essential sectors. The project is expected to create more than 15,000 total jobs and generate $42 billion in economic impact.

In addition to the master plan, the Adams administration launched a new community task force led by NYCEDC to shape and steer the project’s vision and released request for proposals (RFP) for design of key public space, community infrastructure, and a pedestrian bridge for the project’s first phase.

“It’s no secret that New York City has the most talented workers, and the SPARC Kips Bay campus will continue this legacy by creating more than 12,000 jobs right here in Manhattan,” said Mayor Adams. “This campus will be a bridge to the next generation, preparing New York City students of today for the jobs of tomorrow in a rapidly growing sector with higher education opportunities through our academic partners at CUNY and internships at every level. This project will help us create a healthier, more prosperous city through true community engagement and public-private partnership.”

“The SPARC Kips Bay Master Plan is New York’s road map to establishing a hub for innovation, job growth, and education in the life sciences right in the heart of Manhattan,” said Governor Hochul. “With a projected 15,000 jobs and $42 billion in economic impact over the next 30 years, SPARC Kips Bay will help to build on statewide efforts like New York’s transformative Life Science Initiative to grow 21st-century businesses and jobs and ensure that the future of medicine starts in New York.”c

With new details and projections released in the master plan, SPARC Kips Bay is now expected to create 12,000 construction and 3,100 permanent jobs in the life sciences sector; and transform an entire city block with up to 2 million square feet of academic, public health, and life sciences space, advancing the LifeSci NYC goal of 10 million square feet of life sciences space by 2030.

SPARC Kips Bay is expected to enter into the city’s Uniform Land Use and Review Procedure in spring 2024, break ground in late 2025, and be completed by the end of 2031.