CUNY, considering LIC hotel development, enlists Cushman & Wakefield
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.
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.