NEW YORK CITY-Not long after New York Governor Andrew Cuomo outlined plans for redeveloping the site where the Javits Center sits on the far West Side of Manhattan and building the nation’s largest convention center in Jamaica, Queens, CRE reactions continue to flood in.

As GlobeSt.com reported, the governor’s plan calls for the demolition of the Javits Center, the city’s largest convention center—located on 11th Avenue between 34th and 39th Streets. Renovations at the center are underway and scheduled to be completed by 2013. Nonetheless, under Cuomo’s plan the site would be razed and redeveloped into 18 acres of planned development, along the lines of Battery Park City to the south.

In its place, the nation’s largest convention center—at 3.8 million square feet—would rise in Jamaica, Queens at the Aqueduct Race Track site. That construction would be funded by a $4 billion private investment; the redevelopment of the Javits Center site would be funded by $2 billion from the private sector.