The reinvention of Midtown West into a world-class hub for commerce received another big boost today with the release of a request for proposals seeking a commercial or mixed-use development for 418 11th Avenue. Referred to as "Site K," the 1.2-acre parcel is a prime piece of land bounded by 35th and 36th streets, and 11th Avenue and Hudson Boulevard West, and situated directly east of the Jacob K. Javits Convention Center.
Respondents have been invited to propose a commercial, hotel, or mixed-use destination that can work in tandem with the Javits Center, which itself is now undergoing a $1.5 billion expansion. Respondents have also been encouraged to submit proposals with a residential component, but with the caveat that 30 percent of units be made permanently affordable so as to be in compliance with the Affordable New York program.
The property, one of the last remaining vacant lots in the area, is currently owned by the New York Convention Center Development Corporation (CCDC). It is anticipated that the site will be leased to the winning developer through the CCDC under a long-term ground lease of 99 years. The RFP notes there may be an option to purchase the land during or after the lease term at the market price.
The development of Site K is part of Gov. Andrew Cuomo’s broader Midtown West redevelopment mission, announced as part of his 2021 State of the State agenda. In addition to the recently opened Moynihan Train Hall, other elements of the plan include the Javits Center expansion, the Empire Station Complex project, extending the High Line, replacing the Port Authority Bus Terminal, and transforming Pier 76 from a tow pound to a waterfront park. The scope of his vision covers broadly 100 acres of Midtown West.
- Midtown West (Urbanize NYC)