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    EDC seeks developer for Bush Terminal Complex site


    Economic Development Corporation  •  Request for Proposals  •  Sunset Park, Brooklyn
    12/15/2010   •    Leave a Comment

    Waterfront site is occupied by three buildings that EDC will demolish prior to execution of ground lease. On November 1, 2010, the City’s Economic Development Corporation issued a request for proposals seeking developers to lease and redevelop a 130,000 sq.ft. portion of the Bush Terminal Complex along the Gowanus Bay in Sunset Park, Brooklyn. The redevelopment site is generally bounded by 44th and 47th Streets to the north and south and is adjacent to the future site of the Bush Terminal Piers Park. The site contains three buildings occupied by tenants with short-term leases. EDC intends to demolish the buildings prior to executing a ground lease. In March 2007, EDC issued a request for proposals to purchase the site and existing buildings. 4 CityLand 47 (April 15, 2007).

    The redevelopment envisioned in EDC’s current request for proposals is related to the City’s Sunset Park Vision Plan, which created a framework for developing an environmentally sustainable and modern industrial waterfront. The area’s M3-1 zoning permits heavy manufacturing and industrial uses. EDC anticipates that any project would provide between 100,000 and 260,000 sq.ft. of floor space and include accessory parking spaces. According to EDC, it will not consider noxious uses on the site. Proposed projects are required to qualify for the United States Green Building Council’s LEED certification or achieve equivalent green-building and energy-saving standards. EDC intends to execute a lease for the parcel by Summer 2011.

    Responses must be received by January 28, 2011.

    EDC: Request for Proposals – Bush Terminal Site (Nov. 1, 2010).

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    Tags : Bush Terminal Complex
    Category : Economic Development Corporation

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