EDC to seek development proposals for massive Seward Park site
In the coming months, the New York City Economic Development Corp. will be seeking proposals from developers to put their stamp on the Seward Park Urban Renewal Area, Curbed reported.
The Lower East Side site covers 1.65 million square feet of vacant land. In October, the City Council unanimously approved plans for a new development project, 60 percent of which will be residential and 40 percent commercial. There will be 1,000 residential units, a new 30,000-square-foot Essex Market and 15,000 square feet of public open space.
The EDC sent out brochures telling developers to keep their eyes peeled for a request for proposals, which is planned to go out in January. Responses will be due in May. Developers can file proposals individually or in teams and can submit a proposal for a portion of the site. [Curbed] — Zachary Kussin