New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NYCEDC Seeks a Garment Center Landlord
New York City Economic Development Corporation wants you to buy a Garment Center building.
NYCEDC has issued a Request for Expressions of Interest (RFEI) that seeks to identify respondents interested in acquiring and operating property in or around the Garment Center that will provide dedicated space, and therefore real estate stability, for fashion manufacturers.
“Garment production is critical to New York City’s identity as the fashion capital of the world,” said NYCEDC president and CEO James Patchett. “The acquisition of a building in the heart of Manhattan will ensure that garment manufacturing is not only preserved, but has a home in the historic Garment Center.”
Respondents to the RFEI will need to identify a property that would serve as a dedicated home for fashion production. The building will be required to provide affordable long-term leases to fashion manufacturing tenants. The city will commit up to $20 million toward acquisition costs.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
