(Read more on the industrial market and themultifamilymarket.)
NEW YORK CITY-Gov. Eliot Spitzer, Mayor Michael Bloomberg, NewYork Council Speaker Christine Quinn, and MTA director and CEOElliot Sander opened two Requests for Proposals for development ofthe air space over the two development sites that comprise theMTA's rail yards today. The two sites, the Western Rail Yard andthe Eastern Rail Yard, sit on both sides of 11th Avenue, between30th and 33rd streets. The RFPs released call for developers tosubmit proposals for the creation of commercial and residentialdistricts over the active LIRR storage and maintenancefacility.
This announcement of the request for proposals comes less thantwo years after plans for a new Jets and Olympic stadium on theHudson Yards site were defeated.
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