Rail

N.Y. MTA to issue RFP for Fulton Center lease

Posted on July 31, 2012

The New York Metropolitan Transportation Authority (MTA) is seeking proposals from experienced developers and retail operators for the long-term master leasing of the Fulton Center. The master lessee will be tasked with handling leasing and operations of the structure as well as the historic Corbin Building, the Dey Street entrance and the attached concourse under Dey Street. The MTA will issue a Request for Proposals (RFP) for the space August 2.

The Fulton Center will eventually link 11 subway lines, PATH service and the World Trade Center site, improving travel for nearly 300,000 daily transit riders. This iconic development will include approximately 65,000 square feet of retail/commercial space and over 50 revenue-generating multimedia displays in the newly constructed Fulton Center complex.

“This out-of-the-box approach to managing our property will optimize rents coming to the MTA while ensuring the highest standards of daily maintenance are kept for our customers,” said MTA Chairman and CEO Joseph J. Lhota. “This new way to address long-term capital asset management will also allow us to focus our resources on our core mission — getting our customers to where they need to go as safely and efficiently as possible.”

The new Fulton Center building on the southeast corner of Broadway and Fulton Street has been designed by Arup and Grimshaw Architects and is expected to be LEED certified. It will be organized around a grand civic space, defined by a glass-topped atrium with a distinctive light sculpture designed in collaboration with James Carpenter Design Associates.

The “oculus” at the top of the atrium will amplify natural light in the space and allow it to penetrate into the subway concourse two levels below the street. Five floors of retail, from transit-oriented spaces below ground, to open retail areas at street level, to two glass-enclosed upper floors, will serve as a retail destination both transit riders and the Lower Manhattan community as a whole. The top two levels of the building will be dedicated to emergency egress and back-of house mechanical systems.

Listed on the National Register of Historic Places, the eight-story Corbin building on the northeast corner of Broadway and John Street is being restored, modernized and integrated with the Fulton Building. The ground floor will have a prominent retail space and the upper floors of the building may be developed for retail, office or hotel purposes.

The $1.4 billion Fulton Center is scheduled for completion in June 2014, by which time the MTA anticipates to have the commercial usage areas, and at least a majority of retail stores open for business.

View comments or post a comment on this story. (0 Comments)

More News

NJ TRANSIT hearing focuses on PTC

Some lawmakers expressed concern as to whether NJ Transit would be able to implement positive train control by the federally mandated deadline of Dec. 31, 2018.

Alstom to supply 14 metro cars to RATP, STIF

Due to circulate on line 4, the MP14 trains will help to increase the capacity and quality of transport on the line, with a targeted global service equivalent to that of line 1.

Development of iconic perfume threatened by high-speed rail plan

Chanel says it will leave Grasse, dubbed the perfume capital of the world, unless plans are dropped to drive a TGV line through the fields of flowers required to make the world’s most famous scent

MBTA employees to use 'biometric' time clock at rail facility

This new system, which has been in the works for more than a year, will enable employees to clock in and out by swiping their finger and tapping in a personalized PIN number.

Texas bullet train builder expands leadership, adds Aguilar as CEO

Tim Keith becomes president and will lead capital raising and external affairs.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close