RXR, Vantage tapped to overhaul JetBlue terminal at JFK

Project to cost $2 to $3B

New York /
Mar.March 27, 2018 08:30 AM

Rendering of JFK International Airport

JetBlue Airways Corp. tapped RXR Realty and Vantage Airport Group to expand its terminal at John F. Kennedy International Airport.

The project is expected to cost between $2 and $3 billion and will add wider gates — as many as 12 — to JetBlue’s terminal, which can currently only accommodate narrow, older model planes, the Wall Street Journal reported. JetBlue awaits approval from the Port Authority of New York and New Jersey, which is in the process of a $10 billion renovation of the airport. Port Authority is considering bids from the airports private operators to determine how to proceed with the redevelopment.

JetBlue selected the development team from nine other companies.This will be RXR’s first airport development, though a company spokesperson noted it has experience working on public-private partnerships. RXR CEO Scott Rechler formerly served as vice chairman of the Port Authority. He’s now on the Metropolitan Transportation Authority board and is chairman of the Regional Plan Association. Vantage has more than 20 years of experience working on airports and is part of the team redeveloping Terminal B at LaGuardia Airport[WSJ]  Kathryn Brenzel 


Related Articles

arrow_forward_ios
Connecticut Governor Ned Lamont (Registered Citizen, Getty)
Half of Section 8 vouchers have gone unused in Connecticut
Half of Section 8 vouchers have gone unused in Connecticut
City Council Member Robert Holden (Getty)
Bill would expose Council members’ rent-stabilized status
Bill would expose Council members’ rent-stabilized status
(Getty Images)
LA developer doubled as abusive porn director, documentary alleges
LA developer doubled as abusive porn director, documentary alleges
(Getty Images)
Millions of housing units are needed in the US
Millions of housing units are needed in the US
From left: Silverstein Properties CEO Marty Burger; BedRock Real Estate Partners co-founder Tracey Applebaum; Council member Julie Won; a rendering of Innovation QNS in Astoria (Getty, BedRock Real Estate Partners, New York City Council)
Council approves Silverstein, BedRock’s $2B Innovation QNS
Council approves Silverstein, BedRock’s $2B Innovation QNS
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Empire Capital Holdings' Josh Rahmani, Hakimian Capital's Michael Hakimian, RXR's Scott Rechler and 1330 6th Avenue (Getty, Hakimian Capital, Empire Capital Holdings, 1330aofa.com)
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
MSquared's Alicia Glen, Mack Real Estate Group's Richard Mack and Association for Neighborhood and Housing Development's Barika Williams (Getty, ANHD)
Richard Mack: New York developers “made to feel like the devil”
Richard Mack: New York developers “made to feel like the devil”
arrow_forward_ios

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

Loading...