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New York city seeks developers for Seward Park mixed-use project

09 Jan 2013 (Last Updated January 9th, 2013 18:30)

New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) have issued a request for proposals (RFP) for the development of Seward Park mixed-use project in the US.

New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) have issued request for proposals (RFP) for the development of Seward Park mixed-use project in the US.

The 1.65 million ft² of mixed-use project on Manhattan’s Lower East Side will feature 1,000 residential units, of which half will be affordable housing.

NYCEDC president Seth Pinsky said, "With the transformation of six acres of underutilised 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 development will also feature 15,000ft² open space, a new and expanded Essex Street Market, a school and other community space.

Expansion and relocation of the Essex Street Market to the site on the southeast corner of Delancey and Essex will create space for current and new vendors, doubling the number of small businesses currently at the market.

HPD said that five of the sites included in the RFP were acquired as part of a 1965 federal urban renewal plan that called for commercial and housing development, with demolition of the sites started in 1967.

The RFP requires one or multiple developers to submit their proposals by 6 May 2013 and a decision will be taken by the end of the year.

NYCEDC said the development has already received all necessary public land use and environmental approvals.

The New York City Housing Development Corporation recently started construction on 161st Street Jamaica Apartments in Queens, which is expected to cost about $32.22m.

The development will feature 5,311ft² of commercial space, 4,525ft² of retail space, 51 parking spaces, 100 units in two nine-storey elevator serviced towers built over a connecting cellar, seven studios, 72 one-bedroom units and 21 two-bedroom units.