(Read more on the industrial market and the multifamily market.)

NEW YORK CITY-Gov. Eliot Spitzer, Mayor Michael Bloomberg, New York Council Speaker Christine Quinn, and MTA director and CEO Elliot Sander opened two Requests for Proposals for development of the air space over the two development sites that comprise the MTA’s rail yards today. The two sites, the Western Rail Yard and the Eastern Rail Yard, sit on both sides of 11th Avenue, between 30th and 33rd streets. The RFPs released call for developers to submit proposals for the creation of commercial and residential districts over the active LIRR storage and maintenance facility.

This announcement of the request for proposals comes less than two years after plans for a new Jets and Olympic stadium on the Hudson Yards site were defeated.

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