The New York City Economic Development Corporation has selected RAL Development Services to develop a high-tech office building at 124 East 14th Street, near Union Square. Civic Hall, an organization that describes itself as a “collaborative innovation center,” will anchor the new building, Politico reported. It’s unclear whether the project will include other uses. The 15,450-square-foot site, occupied by a vacant, two-story commercial building, can accommodate up to 92,700 square feet of commercial space. An additional 46,350 square feet of space could be built as residential or community facility space. Demolition permits have not been filed.
Long Island City is set to become a hub for office development in the outer boroughs. While some builders hope to put up massive commercial towers like One Court Square, others are creating office space in the neighborhood’s warehouses and loft buildings. One developer, Caerus Group, decided to convert and expand a two-story industrial building at 11-20 46th Road, a few short blocks from Court Square.
The Landmarks Preservation Commission recently approved an application that will see a TriBeCa building grow in height, but not in residential unit count. 51 White Street will go from five stories with 13 units to seven stories with nine units, in addition to office space on the ground and cellar levels.
RJ Capital Holdings is planning to develop an eight-story, 136,000-square-foot commercial building at 107-02 Queens Boulevard, located on the corner of 70th Avenue in Forest Hills.
After two years of negotiations, Related Companies has reached a deal to lease 15 contiguous floors, or 850,000 square feet, to BlackRock, the investment management corporation, at its planned 2.9-million-square-foot, 985-foot-tall office tower 50 Hudson Yards. The building is located along Tenth Avenue, between West 33rd and 34th streets, in the Hudson Yards district.