The enlarged facility will contain approximately 355,000 sf oftrade show and conference space. The project will also feature a9,300-sf winter garden and accessible open space around theperimeter of Pier 94--amenities that will be maintained by thedeveloper. A 60,000-sf logistics center, located on Pier 92, willaccommodate loading and unloading, storage and otherback-of-the-house functions to relieve traffic congestion.

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The $100 million renovation will create about 1,200 constructionjobs, employ about 150 workers during trade show operations, andproduce about $360 million in economic activity over 25 years."This new, expanded facility will enable us to accommodate more ofthe mid-sized trade shows that we know want to come to New YorkCity," says Nycedc president Seth Pinsky, in a prepared statement."Convention business, including trade and consumer shows, last yeardrew nearly four million visitors to the City and injected $4.32billion into the local economy. This new, expanded facility willallow us to win a greater share of this multi-billion dollarbusiness."

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City Council Speaker Christine Quinn notes that "each year, NewYork City loses out on billions of dollars because we don't have anadequate trade show facility. This is an industry that createsgood, middle-class jobs that can support families and strengthencommunities. Expanding and improving the Pier 94 facility toinclude Pier 92 will allow our City to compete for decades tocome."

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Under the terms of the agreement, the developer will lease thepiers for 49 years, with two 25-year extensions. The developer willphase construction to allow for continuing operation of theexisting trade shows. The project will include approximately125,000 sf of trade show space on the ground floor and second levelof Pier 92, 85,000 sf on Pier 94, and 145,000 sf in the completelyrebuilt head house. The new facility will feature three separateentrances to accommodate a number of simultaneous trade show eventsefficiently.

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In addition to Vornado and Merchandise Mart Properties, thedevelopment team also includes Dattner Architects, SMWM Architects,and Philip Habib, traffic consultants. Vornado chairman and CEOSteven Roth says that "we want to create an economic engine atPiers 92 and 94 that helps everyone in our city."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.