Friday, October 22, 2010

Willoughby Square Garage Development Opportunity RFP

Want to build a parking lot on the site of an Underground Railroad station? Now's your chance! Here's the Request for Proposals by the NYC Economic Development Corporation at Willoughby Square:
New York City Economic Development Corporation (“NYCEDC”) is seeking proposals for the development and operation of an underground parking garage (“the Garage”) and the construction of an approximately 1.15-acre street-level public space on top (“Willoughby Square”). Through this RFP, NYCEDC expects to select a developer to successfully develop and operate a below-grade garage under a long-term ground lease with the City. Respondents can submit garage proposals that accommodate up to a maximum of 694 spaces.

NYCEDC is currently developing schematic designs for Willoughby Square. The selected developer is expected to complete this design process at its sole cost and expense. The selected developer will also be responsible for the construction of Willoughby Square on behalf the City, for which the City expects to make funds available.