City issues RFP for Applied Sciences NYC

TRD New York /
Jul.July 19, 2011 02:21 PM

New York City has issued an official request for proposals relating to Applied Sciences NYC, its initiative to build or expand a state-of-the-art engineering and applied sciences campus at one of three city sites, Mayor Michael Bloomberg, Deputy Mayor Robert Steel and New York City Economic Development Corporation President Seth Pinsky announced today.

“Our offer is straightforward,” Bloomberg said of the proposal, initially unveiled in December. “We will provide prime New York real estate — at virtually no cost, plus up to $100 million in infrastructure upgrades, in exchange for a university’s commitment to build or expand a world-class science and engineering campus here in our city.”

The city is offering real estate at three possible locations, he said — Governors Island, Brooklyn Navy Yard, and Roosevelt Island.

Responses to the RFP will be due in the fall and a winner will be selected by the end of 2011, with the opening of the first phase of the project scheduled for 2015. Each applying entity must explain how its proposal accomplished the project’s goals of developing research that will lead to the formation of new companies, creating construction and permanent jobs, developing a financially self-sustaining campus and contributing to the diversification of the city’s economy.

Once selected, the institution will be expected to meet a series of construction deadlines and have a certain number of students and faculty members.

“During the 1980s and 1990s, Silicon Valley — not New York — became the world capital of technology start-ups, and that is still true. But if I am right — and if we succeed in this mission — it won’t be true forever,” Bloomberg said.

Pinsky called the opportunity an “Erie Canal moment” for our city, “an opportunity to change the city’s economic trajectory for years to come.”

The city received a total of 18 statements of interest from 27 academic institutions after the initiative was first announced. The statements came from local colleges such as Columbia University, the City University of New York, Cooper Union and New York University, as well as from international colleges in Israel, Finland, India, Korea, Switzerland and the United Kingdom. — Katherine Clarke


Related Articles

arrow_forward_ios
Stay-at-home orders and virtual classes have asked serious questions of the once-booming market for student housing. (Photo: University of North Carolina at Chapel Hill via Getty)

Quiet dorms and distress storms: Student housing sector takes hit

Quiet dorms and distress storms: Student housing sector takes hit
A rendering of 100 Claremont Avenue, Melissa Burch of Lendlease and Ron Moelis of L+M Development Partner (Getty, Robert A.M. Stern Architects)

L+M, Lendlease snag $250M loan for UWS tower

L+M, Lendlease snag $250M loan for UWS tower
Michael Bloomberg and the Westlands in Meeker, Colorado (Credit: Bloomberg by Toni L. Sandys/The Washington Post via Getty Images)

Michael Bloomberg picks up $44M estate in Colorado

Michael Bloomberg picks up $44M estate in Colorado
Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live
Columbia University

Columbia offers small businesses free rent for April and May

Columbia offers small businesses free rent for April and May
TriArch Real Estate Group founder Chris DeAngelis and Pebb Capital principal James Jago

Student housing property near NYU trades for $104M

Student housing property near NYU trades for $104M
Congresswoman Nydia Velázquez, Congressman Jerry Nadler and Council Member Carlos Menchaca (Credit: Getty Images, Google Maps)

Pols pounce as city caves in on Sunset Park property

Pols pounce as city caves in on Sunset Park property
Liberty View Plaza at 850 3rd Avenue and Marvin Schein (inset) (Photo by Axel Dupeux)

City lets Salmar bring office tenants to Brooklyn industrial property

City lets Salmar bring office tenants to Brooklyn industrial property
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...