NEW YORK CITY—The New York City Economic Development Corp., RAL Development Services and the non-profit Civic Hall advocated for the proposed Union Square Tech Hub. The Manhattan Community Board 3 meeting was filled with almost 100 people. Approximately 80 attendees carried signs or wore stickers saying, “Tech Hub Must Include Zoning Protections.”
The public information session at the Lower East Side Girls Club in the East Village, held on Wednesday, was part of the City's Uniform Land Use Review Procedure, which is required for any land use changes.
New York City owns the property at 124 E. 14th St., currently leased to P.C. Richard & Son. This structure will be demolished and RAL will build a 20-story, 258,000-square-foot office tower, paying the construction costs that it estimates at $250 million. The City will lease this property to RAL for 99 years.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
