FOR IMMEDIATE RELEASE
March 6, 2000
Press Contacts: Carol Abrams (212) 863-5176
HPD ISSUES A REQUEST FOR PROPOSALS FOR DEVELOPMENT OF
COOPER SQUARE IN MANHATTAN
Commissioner Richard T. Roberts of the New York City Department of Housing Preservation and Development (HPD) announced the issuance today of a Request for Proposals (RFP) today for mixed-use development in the Cooper Square Urban Renewal Area in Manhattan. The RFP applies to four prime parcels located between Bowery, Second Avenue, Stanton Street, and East 2nd Street, a crossroads of four unique neighborhoods: the East Village to the northeast, the Lower East Side to the southeast, NoHo to the northwest, and Northern Little Italy (NoLIta) to the southwest.
The RFP calls for development of 500,000 square feet of mixed-income residential space composed of homeownership or rental units. 240,000 square feet of commercial and retail space can also be developed, of which 100,000 can be designated community and institutional space. At least 30,000 square feet of all non-residential space to be developed must be designated space for community recreational uses.
"The Cooper Square plan is the result of cooperation between the City and the community and adds to the residential and commercial vitality of an already dynamic area," said HPD Commissioner Richard T. Roberts. "The income mix and community facilities are a great match for the historic diversity of this part of Manhattan."
The greater of 120 units or 25% of all residential units at Cooper Square will be set aside as affordable housing for residents whose incomes do not exceed 60% of the Area Median Family Income for New York City, or currently $32,040. 30% of affordable units will be set aside for residents of local Community Board 3. There will also be 50 units of supportive housing. Affordable and market-rate units will be evenly mixed together throughout the proposed buildings.
For the past three years, the Cooper Square Task Force, an advisory task force composed of elected officials, Community Board 3, local community groups, and
several City agencies, including HPD, have worked to develop a community consensus around development of Cooper Square. This process resulted in several planning and developmental controls which are included in the Cooper Square RFP.
The four sites are now composed of unimproved land and four structures to be demolished by the selected developers. The Liz Christy Garden and Rock' n' Rose Garden on East Houston Street will be retained as permanent open space. A four-story chapel on East 1st Street will be retained and rehabilitated.
No public subsidies from the City of New York will be offered for the development of Cooper Square. However, developed properties may be eligible for 421-a partial tax exemption, which is applied to buildings constructed on vacant or underutilized land.
The RFP may be obtained in person from HPD, 100 Gold Street, Room 9-P, in lower-Manhattan, beginning today, March 6th, between 9:00 a.m. and 5:00 p.m. A $75 non-refundable fee in the form of a certified check, cashier's check, or money order payable to the "New York City Department of Finance" will be charged to cover the cost of reproduction of materials received. Inquiries may be made by calling (212) 863-6492.
A pre-submission conference will be held at 100 Gold Street, Room 1R-3, on Thursday, March 16, 2000, at 2:00 p.m. Interested organizations are strongly recommended to attend the pre-submission conference.
Persons with disabilities requiring special accommodations either to pick up the RFP or to attend the pre-submission conference should call (212) 863-6492 so that the necessary accommodations can be made.
Applications must be delivered by hand to HPD, 100 Gold Street, Room 9-P no later than 4:00 p.m. on Monday, May 1, 2000.
To be selected, the development team must have completed new construction of at least 350 units of mid- or high-rise housing with at least 100 units in a single development and at least 25,000 square feet of commercial/retail space within the last seven years.
HPD's mission is to promote quality housing and viable neighborhoods for all New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1994, the agency has completed the construction or rehabilitation of nearly 58,000 units of affordable housing.