The New York Economic Development Corporation (NYCEDC) has filed permits to construct a 22-floor tech hub at 114 East 14th Street near Union Square, CityRealty reports. Officially known as the Union Square Tech Training Center, the 254,000-square-foot, $250 million, facility has big plans to ramp up NYC’s high-tech firepower: In addition to affordable office space for startups, market-rate office space for tech companies, and a retail and market area run by Urbanspace, the nonprofit Civic Hall will be running a new digital skills training center at the midblock site once occupied by a PC Richard & Son electronics store.
124 East 14th Street
The Landmarks Preservation Commission (LPC) on Tuesday voted to calendar seven buildings on Broadway in Union Square, marking the first step to designating them as landmarks. The buildings sit adjacent to the tech hub, a 21-story tech training center planned for 124 East 14th Street and approved by the City Council last month. With the hub’s approval, the area was upzoned without landmark protections, allowing for about 85,000 square feet of office space and 16,500 more square feet between Civic Hall, step-up space and the workforce development hub.
Rendering via NYCEDC
The New York City Council voted Wednesday to approve plans to build a new tech hub on city-owned land at 124 East 14th Street near Union Square. As Crain’s reported, last Thursday the building received the go-ahead from the zoning subcommittee that was reviewing the development of the 21-story building that supporters expect will be a resource for the “tech-for-good” community and provide jobs for lower-income workers. The project is being developed jointly by the city’s Economic Development Corp. and developer RAL Development Service; it is expected to open in 2020. The proposed tech center, which the mayor hopes will nurture budding entrepreneurs in the technology field and bring over 600 jobs to New Yorkers, is planned at the site of a P.C. Richard & Son store, in an area already filled with new developments with more on the way.
Rendering via NYCEDC
In what may be shaping up to be one of New York City’s biggest preservation battles of the coming year, Mayor Bill de Blasio’s application Monday for a rezoning in order to move forward with a proposed tech hub at 124 East 14th Street in Union Square led neighborhood preservation and affordable housing groups to escalate cries of protest. Community organizations, including the Cooper Square Committee and the Greenwich Village Society for Historic Preservation (GVSHP), restated the urgent need for assurance that rezoning would come with protections for the adjacent residential neighborhood. Preservationists fear the creation of a new “Silicon Alley” near Union Square will bring rent hikes and more condo and office towers. The proposed tech center, which the mayor hopes will nurture budding entrepreneurs in the technology field and bring over 600 jobs to New Yorkers, is planned at the site of a P.C. Richard & Son store, in an area already filled with new developments with more on the way.