It looks like a 21-story tech building could be coming to Union Square

Building dubbed the Union Square Tech Training Center would span 240K sf

TRD New York /
Aug.August 03, 2018 10:04 AM

A rendering of 124 East 14th Street (Credit: NYCEDC via Curbed NY)

The City Council’s land use committee voted unanimously on Thursday in favor of bringing a 21-story tech building to Union Square.

The building is known as the Union Square Tech Training Center and comes from RAL Development.  It will span 240,000 square feet at 124 East 14th Street, currently the home of a P.C. Richards, according to Commercial Observer.

Tech training nonprofit Civic Hall will be the anchor tenant on the fourth through seventh floors, and the second through fourth floors will contain 40,000 square feet for workforce development programs. The building will also include ground-floor retail and a food hall.

Floors eight through 12 will have affordable office space for companies in their early stages with rents at about $50 per square foot, while the top eight floors will be reserved for market-rate office space.

The site is owned by the city, and RAL will pay it $2.3 million a year on a 99-year ground lease. The project is expected to cost $250 million and create 600 jobs. The full City Council will vote on it on Aug. 8. [CO]  – Eddie Small


Related Articles

arrow_forward_ios
Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Microsoft CEO Satya Nadella (Credit: Getty Images and Microsoft)

Microsoft’s carbon negative goals could push other tech companies to catch up

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Fathom Holdings CEO Joshua Harley (Credit: Fathom)

Virtual brokerage Fathom Holdings files for IPO

The Wing CEO Audrey Gelman, WeWork co-CEO Artie Minson, and Teem CEO Shaun Ritchie (Credit: Getty Images, WX Summit)

WeWork offloads stake in the Wing and software startup

arrow_forward_ios
Loading...