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New York

CUNY, considering LIC hotel development, enlists Cushman & Wakefield

From left: CUNY Chancellor Matthew Goldstein and 28-02 Skillman Avenue (credit: PropertyShark)
From left: CUNY Chancellor Matthew Goldstein and 28-02 Skillman Avenue (credit: PropertyShark)

Cushman & Wakefield has been hired by the City University of New York to determine whether the school should develop a Long Island City hotel in an effort to expand its hospitality program, Crain’s reported.

The site in question is a 91,000-square-foot lot at 28-02 Skillman Avenue — an area bounded by Skillman Avenue, 47th Avenue, 28th Street and 29th Street. CUNY’s LaGuardia Community College owns the plot, and has since the college was founded in the early 1970s.

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The Long Island City lot is currently zoned for a development of up to 600,000 square feet, though CUNY told Crain’s that the development would not match that maximum limit.

Cushman will review site zoning, and could help CUNY find a developer or operating partner as well as explore financing. A CUNY spokesperson said the assessment should be done this fall.

Located nearby is CUNY’s new law school. [Crain’s]

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City University Of New YorkCushman & Wakefield