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City Solicits Interest From Developers for Applied Life Sciences Hub

The city's three-owned properties to be considered by respondents include 2469 Second Ave. in East Harlem; 455 First Ave. in Kips Bay and 44-36 44th Drive in Long Island City.

By John Jordan | Updated on January 24, 2018

City officials term the applied life sciences hub as the “signature initiative” for the $500-million LifeSci NYC, and a key component of Mayor Bill de Blasio's New York Works plan to create 100,000 quality jobs over the next decade. City officials term the applied life sciences hub as the “signature initiative” for the $500-million LifeSci NYC, and a key component of Mayor Bill de Blasio’s New York Works plan to create 100,000 quality jobs over the next decade.

NEW YORK CITY—The city is looking for developers and investors interesting in creating a hub for life sciences research and development and is seeding the initiative with up to $100 million in capital funding and is also offering three city-owned sites in East Harlem, Kips Bay and Long Island City.

The New York City Economic Development Corp. has issued a Request for Expressions of Interest for the applied life sciences hub and is looking for a development team that will build out at least 300,000 square feet of space at one of the three city-owned sites, at a new ground-up development or a retrofit of an existing building at a privately-owned site. Proposals are due on May 17.

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