(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-For those who head downtown on a daily basis, navigating the labyrinthine Fulton Street station has become an exercise in patience – and has certainly helped many hone their direction skills (GPS is not ubiquitous underground.) According to the MTA, when the Fulton Street Center is complete, it will connect 11 subway lines, PATH service and the World Trade Center site. And now, the MTA announced in a recent release, it will also need a manager for its 65,000 square feet of retail space.
Aspiring management teams will have to get a leg up on the competition – and fast. According to the same statement, the MTA will be issuing a request for proposals starting August 2. (For those who are still in the throes of beachy bliss, that’s in two days.) Whatever company responsible for the space – which is said to include 50 revenue-generating multimedia display units - will also be expected to handle leasing and operations of the structure in addition to the Corbin Building, the Dey Street entrance and the attached concourse under Dey Street.
“This innovative leasing approach will go a long way toward creating a dynamic public/private destination for Lower Manhattan residents and visitors alike and will deliver an experience befitting a great civic space,” said MTA Capital Construction President Michael Horodniceanu in the same release.
Upon its completion, the building will likely be one of the greenest things in this area. The edifice on the southeast corner of Broadway and Fulton Street is expected to be LEED certified. The $1.4 billion Fulton Center is scheduled for completion in June 2014, and the MTA says that it expects to have the commercial usage areas and most of the retail spaces open and ready for business at this time.
As this process moves forward, keep checking back on Globest.com for further reports and – hopefully – news of the eventual management company for this retail property.
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