Responses to Questions submitted on
BOEDC’s RFEI for the Development of a
Hotel and Conference Center near Yankee Stadium
- 1. Is the City selling or leasing the property?
The development of the Garage 8 site will require the approval of the various parties described in Appendix E to the RFEI. While BOEDC does not speak on behalf of BPDC or the City, we believe that if and when a viable development proposal for Garage 8 is vetted and approved by the BPDC Board, BPDC will then seek to amend its current Lease to provide for a long term lease of the Garage 8 site for the development.
- 2. Is there a benefits program required?
We are assuming that you are asking about a Community Benefits Agreement. None has been contemplated. However, as described in the RFEI, we are asking development proposals to include a local hiring plan and the use of MWBE and Bronx businesses and contractors.
- 3. Are there any projects going up in the area in the next three years?
We are finishing and starting quite a number of commercial and residential developments in the area:
- “Via Verde” is a 151-unit mixed-use residential project on Brook Avenue and East 156th Street. 71 units will be sold as Co-ops and commercial space will be located on the ground level
- “Melrose Commons” sites A,B,C, located between East 161st and East 163rd Streets between Park and Elton Avenues, calls for over 400 units of additional housing and retail being built by three development teams that will include a senior residence for current and former jazz musicians.
- The City recently installed tennis courts at Mill Pond Park which abuts the Harlem River and the Bronx Gateway Mall. The City is also developing a club house in the building adjacent to the tennis courts.
- Phipps Houses is developing another 76 residential units on East 162nd Street and Courtlandt Avenue, with commercial space on the first floor, in addition to the approximately 550 residential units being completed nearby on Courtlandt Avenue.
- The HUB Project on 149th Street and Third Avenue is a 35,000 square foot development, with an 8,000 square foot public plaza, that will create new retail space with parking, new restaurants, a large supermarket, a charter school and rental space for local doctors and non-profits.
- A Holiday Inn Express is under construction on 144th Street and Gerard Avenue.
- Additional housing is expected on two lot spaces located between the Gateway Mall and Grand Concourse (Site D).
- Hostos Community College will be expanding classroom and office space in the Historic Bronx Terminal Market located at 149th Street and River Avenue.
- The Melrose Building located at East 161st Street and Melrose Avenue, adjacent to the Concourse Plaza Mall, is being transformed into retail and law office space.
- The Mott Haven Education Campus located at Concourse Village West and 156th Street which houses four high schools with 1,200 students opened in the fall of 2010.
- A new office complex is being completed at the 161st Street Mall on Concourse Village West.
- Approximately 200 million dollars was spent in developing the park facilities adjacent to and in the vicinity of Garage 8 upon what was the foot print of the old Yankee Stadium that include a regulation running track that also serves as a soccer and football field; paddle ball and basketball courts; exercise apparatus; historically marked walking paths & view finders depicting great moments that took place in the old stadium, as well as three new state of the art ballfields that the new hotel site would be facing, along with unobstructed views of the new Yankee Stadium.
- A new Metro North station was also developed next to the proposed site, providing access to mid-town in minutes and the Northern suburbs. On Yankee game days, more than 3,000 passengers use the station.
- A waterway Taxi shuttling passengers from Manhattan and New Jersey to the Yankee Stadium dock is currently operating on game days.
- The Grand Concourse area from 149th Street to 138th Street, from the Harlem River to Morris Avenue has been rezoned recently to allow high density residential and commercial development. 161st Street between Park and River Avenues was also rezoned for higher residential and commercial density in the last two years. These areas have seen significant changes in the last decade, which will continue with the assistance of the recent rezonings.
- 4. Please provide the demographics of the area with a 10 block radius.
- 5. Are there any feasibility studies for the area?
No, most hotel developers prefer to rely on consultants that can provide them with a feasibility study based on their business model.
- 6. Do you have any area comp set?
- 7. Do you have any marketing and area information?
Yes, please call Angie Teran at 718-590-5623 to obtain a copy of BOEDC’s recently published Economic Development Guide. Click on links below for an immidiate copy of the guide and a recent article and video of the area.
- 8. Will there be a site visit?
Yes, we invite you to join us on October 27th at 10:30 AM to view the site and ask any other additional questions.
BOEDC Releases ‘Request for Expressions of Interest’
to Develop New Hotel Near Yankee Stadium
Today, the Bronx Overall Economic Development Corporation (BOEDC), the primary economic development arm in the Bronx, released a “request for expressions of interest” (RFEI) seeking written proposals for the development of a new hotel/conference center in the vicinity of Yankee Stadium.
The BOEDC has been authorized to seek interest in the site by the Bronx Parking Development Company (BPDC), the entity which manages the various parking lots surrounding Yankee Stadium. The document identifies a specific parking garage, located at River Avenue and East 153rd Street with Heritage Field at its immediate northern border, as the site slated for development as a new hotel/conference center.
The RFEI requests that developers meet certain requirements in their proposals. Those include a LEED-certified hotel and conference center, at least one high-end penthouse level restaurant, a concierge or condo level for long-term stays and a retail component. The developer is also asked to consider the inclusion of a Latino Baseball Hall of Fame as part of the project. Responses to the RFEI are due for submission to BOEDC on November 15, 2011.
Borough President Diaz specifically mentioned the need for a major hotel near Yankee Stadium as a priority in his 2011 “State of the Borough” address.
“A major hotel and conference center has been a priority for the people of the Bronx for decades, and we are getting closer and closer to seeing that dream become a reality,” said Borough President Diaz. “For years, my office and the BOEDC have heard from both developers and hotel operators expressing their desire to develop a new hotel and conference center in the vicinity of Yankee Stadium. This RFEI will show the city just how much interest there is in this site, and is the first step towards the eventual development of this parking garage as a world-class hotel and conference center,” said Bronx Borough President Ruben Diaz Jr.
“BOEDC is delighted to spear head this history effort the development of the Bronx’s first full service hotel conference center at the foot of Yankee Stadium will bring in over 125 jobs, enhance our tourism effort as well as maximize a valuable underutilized tract of land,” said Marlene Cintron, President of the Bronx Overall Economic Development Corporation.
“It is the hope of Bronx Parking Development Company LLC that this proposal may help to stabilize the financial situation we face so that we can ultimately meet our obligations to the bondholders and lower parking fees for those who park in the garages," said BPDC Vice President Chuck Lesnick. “The new hotel will be located at a midpoint in the recreation corridor between Times Square and the Empire City Racino at Yonkers Raceway and will attract tourists along with visiting ball clubs to this vital area.”
“We built the greatest stadium in the world, and because of this we have become the tourist attraction of the world. The borough of The Bronx has so many tourist attractions to offer. By building a hotel here, we will be the diamond of the five boroughs, creating jobs and boosting the economy. We support the building of the hotel by the stadium,” Lenny Caro, President & CEO of the Bronx Chamber of Commerce.
“Community Board #4 has long advocated the development of a major hotel and conference center and is pleased with the Borough President’s and BOEDC’s announcement. We have the opportunity of tying in economic development and tourism making this endeavor a catalyst for increased development and local entrepreneurship, resulting in job creation and business development opportunities and services to our community residents,” said Jose Rodriguez, District Manager of Community Board #4.
"A Yankee Hotel on River Avenue and 153rd Street would be a great anchor for the redevelopment of the entire area The BID welcomes the jobs, the vitality and the atmosphere that a premier hotel would contribute to the economy of the district,” said Cary Goodman, Executive Director of the 161st Street Business Improvement District.
“This hotel is a great project, one that would benefit not only the local community but the entire borough. This would benefit our major Bronx institutions, attract new tourists to our borough, create new jobs and help our economy, and I am proud to support it,” said Assembly Member Marcos Crespo.
"This is exciting news for the Bronx. I applaud the Borough President for having the vision necessary to continue the revitalization of the Bronx. The construction of a hotel near Yankee Stadium would be a strong vote of confidence in the Bronx and its leadership," said Assembly Member Jeffrey Dinowitz.
“For many years I have been a strong advocate for a first class hotel near Yankee Stadium. I look forward to working with the Borough President in developing a hotel that will attract visitors from all over the country and the world as well as providing a venue for conferences and events here in the Bronx,” said City Council Member G. Oliver Koppell.