Current RFPs: Week of June 12, 2017

If you are interested in pursuing business opportunities pertaining to procurement, please contact Mark Thompson or Tunisha W. Walker.

Capalino’s Latest Business Opportunities:

• OMH: Grant for 1.2K Units of Supportive Housing
  Advance the five-year goal of developing 6,000 units of supportive housing over five years for persons identified as homeless with special needs, conditions, or other life challenges. This RFP makes available up to $25,000 per unit annually in services and operating funds to support at least 1,200 units of permanent housing.
• NYPD: Vehicle Towing, Auction+Salvage Services
  Transport vehicles from NYPD locations, provide storage pending auction or salvage, and auction vehicles to members of the public or have them salvaged in compliance with the specifications
• NYC Department of Parks and Recreation
  – The Reconstruction of Parks in Staten Island
  Play Equipment, Safety Surfacing, Handball and Basketball Courts, Pavements, Fencing and General Site Work in Staten Island
  – Procurement of Street Trees from Region 1+2 for New York City, Citywide
  Estimated cost per region $10M
• EDC: Priority Mitigation Project at Bellevue Hospital
  Make the existing facilities more resilient and protect against future  storm and flood related disasters

Please see the full list of Request for Proposals recently issued by City government below:

Reconstruction of Paving, Fencing, Fountain+Planting in Manhattan

June 15, 2017- Please contact Mark Thompson.

Pin number: 84617B0151

Implement Software that Enables Caseworkers to Create Genograms+Ecomaps for their Practice

June 16, 2017- This software will help caseworkers identify what ACS does not know about the families.

Pin number: 06817P0002

Special Inspections+Materials Testing Services

June 19, 2017- Special Inspections and Materials Testing Services will include inspections and material testing on an as needed basis for any HHC facility within the five (5) boroughs. At least three (3) firms will be selected and awarded contracts.

Pin number: DCN 2247

Design+Construction of an Iconic Neighborhood Marker in Chinatown – Canal Street, NY

June 19, 2017- At the point of Manhattan’s Chinatown and the southern entrance to Little Italy’s historic Mott Street

Pin number: 84116MNAD033

Develop, Print+Ship Newsletter to MetroPlus Health Plan’s Members

June 19, 2017- As well as development of digital versions in multiple languages.

Pin number: 100912R140

Digital Signage Solution+Cost Effective Content Management System

June 22, 2017- NYPA is soliciting proposals through this Request for Proposals (RFP) from qualified vendors to provide a new Digital Signage solution with a Content Management System (CMS.) This RFP will go through the open bid process in order to select the best, easy to use and maintain and most cost-effective solution for NYPA. The solution must be easy to use by a variety of employees of differing experience with digital sign systems. All components must be easy to operate and maintain.  In addition to company news, the new system must be able to broadcast emergency announcements, plant operational data and other internal feeds, employee events, job openings, along with news, traffic, weather, and sports information.

Minority Owned Sub-Contracting Goal: 10%

Women Owned Sub-Contracting Goal: 10%

M/WBE please contact Tunisha W. Walker.

Planting of New+Replacement Street Trees

June 22, 2017– Please contact Mark Thompson.

Pin number: 84617B0130

Reconstruction of Walton Park Located at East 181st Street and Walton Avenue, Bronx

June 22, 2017- The Reconstruction of Walton Park located at East 181st Street and Walton Avenue, Borough of the Bronx. Contract X291-116M. This procurement is subject to participation goals for MBEs and/or WBEs as required by Local Law 1 of 2013. M/WBE please contact Tunisha W. Walker.

Bid Security: Bid Deposit in the amount of 5 percent of Bid Amount OR Bid Bond in the amount of 10 percent of Bid Amount. The Cost Estimate Range is $1,000,000.00 to $3,000,000.00.

Pin number: 84617B0161

Procurement of Street Trees from Region 2 for New York City, Citywide

June 28, 2017- Procurement of Street Trees from Region 2 for New York City, Citywide. Contract CNYG-4016M. Bid Security: Bid Deposit in the amount of 5 percent of Bid Amount OR Bid Bond in the amount of 10 percent of Bid Amount. The Cost Estimate Range is over $10,000,000.00.

Pin number: 84616B0201

Procurement of Street Trees from Region 1 for New York City, Citywide

June 28, 2017- Procurement of Street Trees from Region 1 for New York City, Citywide. Contract CNYG-3916M. Bid Security: Bid Deposit in the amount of 5 percent of Bid Amount OR Bid Bond in the amount of 10 percent of Bid Amount. The Cost Estimate Range is over $10,000,000.00.

Pin number: 84616B0205

The Reconstruction of Play Equipment, Safety Surfacing, Handball+Basketball Courts, Pavements, Fencing and General Site Work in Staten Island

June 29, 2017- The Reconstruction of Play Equipment, Safety Surfacing, Handball Courts, Basketball Courts, Pavements, Fencing and General Site Work, Borough of Staten Island. Contract RG-315MA1. This procurement is subject to participation goals for MBEs and/or WBEs as required by Local Law 1 of 2013.

Bid Security: Bid Deposit in the amount of 5 percent of Bid Amount OR Bid Bond in the amount of 10 percent of Bid Amount. The Cost Estimate Range is $1,000,000.00 to $3,000,000.00. To request the Plan Holder’s List, please call the Blue Print Room at 718-760-6576.

Pin number: 84617B0167

Design+Engineering Services for Ferry Landings Resilience Upgrades

June 29, 2017- NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, and demonstrated successful experience in performing services similar to those encompassed in the RFP.

This RFP is a Qualifications-Based Selection RFP.  Respondents must submit a completed “Standard Form 330 – Architect-Engineer Qualifications, which can be found at Exhibit 2 of the RFP.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.

This project is being funded with Federal Highway Administration funds through the New York State Department of Transportation. Therefore, this project has Disadvantaged Business Enterprise (“DBE”) participation goals and all respondents will be required to submit a Contractor Statement on DBE Goals with their response. Minority and Women Owned Business Enterprises (“M/WBE”) are also encouraged to apply. M/WBE please contact Tunisha W. Walker.

Renovation of Teaching Labs at Lehman College

June 29, 2017 – Renovation of the Carman Hall Science Eduaction teachinglab, the Davis Hall Anatomy and Physiology teaching lab I and the David Hall Anatomy and Physiology Teaching Lab II.

Pin number: CITYW-CUCF-04-14-04

Repair+Maintenance of Vehicle Tech

June 30, 2017- New York City Transit (NYCT) is seeking an expression of interest to identify and obtain information from firms experienced in repairing and maintaining a suite of on-bus technologies. This Request for Information is not a solicitation of actual bids, which may be solicited by means of a Request for Proposal (“RFP”) at a later date. The purpose of this RFI is to identify proven commercial hardware/software technology Service Providers who have demonstrable capabilities maintaining on-vehicle technologies in a state of good repair, specifically at other transit agencies or at companies with large sized fleet.

 Construction Management Services for Lower Concourse Improvements – Two Sub Projects in the Bronx

July 6, 2017- New York City Economic Development Corporation (NYCEDC) is seeking a consultant for construction management and related services for construction of the Lower Concourse Improvements project, located in the Bronx, which includes two sub-projects: the Lower Concourse Infrastructure Project and the Lower Concourse Park Project.

The Lower Concourse infrastructure project includes reconstruction of Exterior Street and associated infrastructure improvements. The project site is generally located along Exterior Street between East 150th Street and East 138th Street. The design of Lower Concourse infrastructure is contemplated to include roadway improvements, site grading, utility upgrades including water-main and sewer, gas main relocation, paving, sidewalks and curbs, lighting, signage, signals, and pavement markings.

The Lower Concourse Park project includes construction of a 2.3 acre park. The project site is near East 144th Street and bounded by the CSX/Oak Point rail line and the Harlem River to the West and the Major Deegan and Exterior Street to the East.  The design of the Lower Concourse Park is contemplated to include the esplanade as required by the Special Harlem River Waterfront District (SHRWD) zoning, waterfront improvements, landscaping, fencing/railing, lighting, park amenities, utilities, and a comfort station.

NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subconsultants proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP, and the proposed fee.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.

This project has Minority and Women Owned Business Enterprise (“M/WBE”) participation goals, and all respondents will be required to submit a M/WBE Narrative Form with their response. M/WBE please contact Tunisha W. Walker.

Priority Mitigation Project at Bellevue Hospital

July 7, 2017- NYCEDC, on behalf of the projects’ Construction Manager (“CM”) is seeking qualified firms for the following Priority Mitigation Project (“PMP”) at Bellevue Hospital, 462 First Avenue, New York, NY 10016: Vertical Transportation Mitigation (A.3.2).

NYCEDC, as the lead of an interagency team on behalf of New York City’s (the “City”) Health and Hospitals Corporation (“H plus H”), is currently focused on completing the PMP at Bellevue Hospital. This work will make the existing facilities more resilient and protect against future storm and flood related disasters. Once complete, these projects will further the City’s resiliency goals and ensure that these public hospitals have the necessary safeguards in place to operate during a storm, and mitigate damage and power loss.

NYCEDC is seeking qualifications for General Construction contractors, Mechanical contractors, Electrical contractors, and Elevator Maintenance/Operations contractors.

Pin number: 6251-00007

Invasive Species+Threats Posed to NY’s Natural Communities Feature Documentary

July 7, 2017- The Department of Environmental Conservation seeks a contractor to develop a feature length documentary intended to educate the public about the threats posed to New York’s natural communities, forests, waterways, and agricultural lands by invasive species, and what citizens can do to be a part of the solution. The documentary will be developed in cooperation with partners from public television stations to ensure that the content and formatting are appropriate for a statewide public broadcast. The storyline and script for the documentary will be developed in partnership with the Invasive Species Council, Advisory Committee, Department of Environmental Conservation, and the New York Invasive Species Research Institute. Original footage will feature interviews with state and regional invasive species subject experts and will also showcase on the ground prevention, management, and restoration efforts that are currently being undertaken to protect New York from the negative impacts of invasive species. The Contractor will oversee all phases of the project, including development, production, editing, and publicity.

Pursuant to the State Finance Law Sections 139-j and 139-k, this Invitation for Bid includes and imposes certain restrictions on communications between a Governmental Entity and an Offerer during the procurement process. Further information about these requirements, including a copy of the new lobbying law, can be found at:

http://ogs.ny.gov/Aboutogs/regulations/defaultAdvisoryCouncil.html Bidders shall adhere to the NYS DEPARTMENT OF ENVRIONMENTAL CONSERVATION GUIDELINES REGARDING PERMISSIBLE CONTACTS DURING A PROCUREMENT AND THE PROHIBITION OF INAPPROPRIATE LOBBYING INFLUENCE.

All correspondence and/or questions relating to this Invitation for Bid should be directed to the Department’s designated contact person lists in the Invitation for Bid

Total MWBE Participation Goals: 30%

Architectural+Engineering Design Services for Renovation+Rehabilitation Projects at Various Locations, Citywide

July 11, 2017- The New York City Police Department (“NYPD”) is conducting a solicitation which seeks an appropriately qualified vendor to provide a Multi year Requirements Contract for Architectural and Engineering (“AE”) design services for the renovation and rehabilitation projects at Various locations in the five boroughs of New York City. M/WBE please contact Tunisha W. Walker.

Pin number: PIN#05616P0005

Vehicle Towing, Storage, Auction+Salvage Services

July 17, 2017- The NYPD is seeking an appropriately qualified contractor to transport vehicles from Department facilities, provide storage pending auction (or salvage), and auction vehicles to members of the public or have them salvaged in compliance with the specifications that are set forth in the RFP. Vehicles that are auctioned will be sold “as is”, or vehicles will be sold for scrap metal (i.e. salvage) as determined by the Department. Up to 10,000 vehicles will be auctioned per year, with an average daily inventory of up to 1,500 vehicles. These vehicles are not owned by the Department. The majority of these vehicles are abandoned or recovered stolen and are unclaimed by the lawful owner. The contractor will be required to tow these vehicles from various Police Department locations around New York City. The contractor will safeguard, and follow the requirements stated in the RFP to manage up to 1,500 vehicles per day, including the salvage and auction of unclaimed vehicles and the return of claimed vehicles to their owner.

Pin number: 05617P0003

Help Schools Address+Overcome the Barriers to Providing Arts Education

August 23, 2017- The New York City Department of Education (NYCDOE) seeks providers of professional learning services for arts education. Professional learning services for arts education will support DOE teachers and administrators in successfully implementing standards-based arts education as outlined in the New York City curriculum Blueprints for Teaching and Learning in the Arts as well as provide services that will support teaching and learning in the various art forms: visual arts, dance, music, theater, and the moving image. The NYCDOE is also seeking proposals from individuals and/or organizations able to provide services to help schools address and overcome the barriers to providing arts education which include budgeting, instructional programming, and scheduling. M/WBE please contact Tunisha W. Walker.

Pin number: R1180040

Medical Experts

OPMC-MEO517- Medical Experts provide the medical expertise necessary for the successful investigation and prosecution of professional medical conduct cases. Their duties include reviewing patient records, researching current medical standards, writing opinions, providing guidance to staff, reviewing physician interviews, consulting with staff attorneys and providing expert testimony at State Board for Professional Medical Conduct Administrative Hearings.

Medical Coordinator

Proposals Continuously Accepted- Medical Coordinators provide professional medical consultation for the Office of Professional Medical Conduct. Their duties include reviewing professional medical conduct cases and patient records and conducting interviews with physicians either under investigation or on probation. Positions are filled throughout the year as needed by specialty.

Construct Infrastructure and Resiliency Improvements at H+H Facilities

June 28, 2018-New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements estimated at ~$173 million at four NYC Health and Hospitals (H+H) facilities: Bellevue Hospital (Manhattan), Coler Rehabilitation and Nursing Care Center (Roosevelt Island), Coney Island Hospital (Brooklyn) and Metropolitan Hospital (Manhattan). In October 2012, each facility suffered extensive flood damage as a result of Hurricane Sandy. Since then, each hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.

NYCEDC, as the lead of an interagency team, is now focused on completing priority mitigation projects at these four facilities. This initial work will make existing facilities more resilient and protect against future disasters.  Once complete, these initial projects will further the City’s resiliency goals and ensure that these public hospitals have the necessary safeguards in place to operate during a storm and mitigate damage and power loss.

NYCEDC plans to prequalify firms on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project.

NYCEDC and H+H will be contracting with multiple design and engineering firms for all contract documents associated with the Services.  The Construction Management firm (CM) will provide construction management services for the Project, including holding all construction subcontracts for the Project.

Notice of Funding Availability for the Preservation of Affordable Housing South of Houston Street

December 31, 2019– The City of New York Department of Housing Preservation and Development announces the availability of $11,800,000 in funding for the acquisition and preservation of affordable housing south of, and including properties on, East/West Houston Streets, bounded by the Hudson and East Rivers in Lower Manhattan to applicants who are funded pursuant to a Request for Qualifications issued by HPD (“RFQ”).

Purpose:
The purpose of the Lower Manhattan Acquisition Program is to preserve residential housing with apartments affordable to low-income households.

Program Description:

• Not-for-profit organizations qualified under the RFQ may identify privately-owned residential properties for purchase and long-term ownership in the Lower Manhattan area.
• Eligible buildings are multi-family buildings in the program’s target area, where at least one unit is or will be rented to and affordable to a household earning no more than 80% of the Area Median Income (AMI).
• Up to $125,000 per dwelling unit in acquisition funding may be available to fill the gap between private debt supportable by the acquired property or properties and the acquisition cost. The program funding will be based only on those units that are rented to and affordable to households earning no more than 80% of AMI.
• The program’s target area is Manhattan south of, and including properties on, East/West Houston Streets. (Boundary map is available at the website listed below).
• The program will run until the earlier of the time at which all funding has been exhausted or December 31, 2019.

Request for Qualifications (RFQ):
In order to become qualified for participation in the program, not-for-profit organizations must respond to the RFQ and be found qualified by HPD. Applicants may respond to the RFQ available at the website below. To be considered for qualification, applicants must demonstrate ownership, management and rehabilitation experience, as well as financial strength and stability. Please refer to the RFQ for more information on qualification.

Proposals:
Qualified not-for-profit organizations may submit proposals to request acquisition funding for eligible residential buildings. Proposals will be assessed on both the viability of the project and strength of the applicant’s experience. Proposals will be evaluated and funded on a “first-come, first-served basis” for the duration of the program. The City reserves the right to accept or reject any or all applications received as a result of this advertisement.

Notice Requirements:
All not-for-profit organizations entering into negotiations with building owners must comply with tenant and owner notification procedures in accordance with the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Information about these notification requirements will be provided to pre-qualified non-profits. The Request for Qualifications (RFQ), map of the program area, and additional information about the program are available on HPD’s website: http://www1.nyc.gov/site/hpd/developers/rfp-rfq-rfo.page. Interested parties should forward all requested documentation to the Department of Housing Preservation and Development; Attention of Lower Manhattan Acquisition Program RFQ Coordinator, 100 Gold Street—Room 9-O3, New York, NY 10038; or electronically to HPDPres@nullhpd.nyc.gov. This program is made possible by a grant from the Lower Manhattan Development Corporation, which is funded through Community Development Block Grants from the U.S. Department of Housing and Urban Development.

Andrew Cuomo, Governor
Bill de Blasio, Mayor
Alicia Glen, Deputy Mayor for Housing and Economic Development
Vicki Been, HPD Commissioner
David Emil, LMDC President
Avi Schick, LMDC Chairman

Develop Transitional Residences for Homeless Families + Drop-In Center for Adults

November 2, 2020- The Department of Homeless Services is soliciting proposals from organizations interested in developing and operating transitional residences for homeless adults and families including the Neighborhood Based Cluster Residence and drop-in centers for adults. This is an open-ended solicitation; there is no due date for submission. Proposals will be reviewed by the Department as they are received and contracts will be awarded on an on-going basis, until the agency’s capacity needs are met. DHS reserves the right to award a contract on the basis of initial offers received without discussion. Contracts will be awarded to responsible applicants whose negotiated offers are determined to be the most advantageous to the City, taking into consideration the price and other such factors and criteria set-forth in the RFP. Contract award will be subject to the timely completion of contract negotiations between the agency and the selected proposer.

It is anticipated that the transitional residence contracts will range from 3 to 30 years including renewal options and depending on the financial terms and conditions.

Pursuant to Section 312 (c) (1) (ii) of the New York City Charter, the Competitive Sealed Bid procurement method is not the most advantageous method because judgment is required in evaluating competing proposals, and it is in the best interest of the city to require a balancing of price, quality and other factors.

Thus, pursuant to Section 3-03 (c) of the Procurement Policy Board Rules, the open ended RFP will be used because the Department will select qualified providers to develop and operate transitional residences in order to address the need to create additional shelter capacity citywide. In addition, this open-ended method will provide interested applicants an opportunity to propose sites for the targeted population, as they become available for shelter development.

All proposers must meet the following minimum qualifications 1) must have a tax exempt status under 501 (c) (3) of the Internal Revenue Code and or be legally incorporated as a for-profit entity; 2) must demonstrate that they have, or can obtain by the contract start date, site control of the proposed Standalone facility location(s); and 3) must demonstrate an intent to enter into lease agreements with the owner(s) or management designee(s) for each property.

Pin number: 07100S003262

Infrastructure+Resiliency Improvements at Coney Island Hospital

May 31, 2022- New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements at Coney Island Hospital. Due its location, the hospital is vulnerable to extreme coastal storms and in October 2012, the facility suffered extensive flood damage as a result of Superstorm Sandy. Since then the hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.

NYCEDC, as the lead of an interagency team, is now focused on the Major Work project. The construction of the Coney Island Hospital campus project is currently envisioned to build a new resilient acute care hospital tower to be known as the Critical Services Structure (“CSS”) and to include the following work:
• Provide on-site valet parking for 300 cars
• Demolition of existing buildings, including Hammett Pavilion, Building 6, and various existing site improvements;
• Renovation and selective demolition of 60,000 gross sq. feet including portions of the existing Main Building and Tower Building; and
• Build a new permanent flood mitigation structure (s) (e.g. flood wall) around the campus.

NYCEDC is seeking qualifications for the following types of construction contractors:
• Concrete Contractors • Abatement Contractors • Demolition Contractors • Electricians • Plumbers • Elevator Contractor Scaffolding/Sidewalk bridge • Mechanical – HVAC • Fire Protection • Masonry • Site/Civil Work • Low voltage electrician • Site Fencing • Painting • Carpentry • MEP Insulation • Steel Work • Roofing and Waterproofing • Spray on Fire Proofing • Tile Work • Flooring • Windows • General Contractors • Exterior Façade

NYCEDC plans to select contractors on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s composition and experience in coordinating and implementing similar projects; the firm’s familiarity with public approvals, permitting and experience working with multiple governmental agencies; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project.  The Services described above will require extensive coordination and collaboration among the Construction Management firm (the “CM”) hired by NYCEDC, the other construction trades working within the Project Site, and the Project Team.

NYCEDC has contracted with NBBJ to lead the design effort for all contract documents associated with the Services. The CM will provide construction management services for the Project, including holding all construction subcontracts for the Project.  NYCEDC anticipates that initial projects will be procured in Q1 2017. Design packages will continue to be completed and released periodically with final projects’ anticipated completion in May 2022. NYCEDC will issue advertisements in the City Record and provide a notice on EDC’s procurement website (www.nycedc.com) of forthcoming design packages to be issued by the CM. Once NYCEDC posts an advertisement for a forthcoming design package, firms will have approximately 30 days to provide their qualifications in order to be considered for the prequalified list of firms who will receive the bid package from the CM.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.
The HHC Coney Island Hospital Major Work has a Minority and Women Owned Business Enterprises (“M/WBE”) participation goal of 30 percent. Companies who have been certified with the Empire State Development’s Division of Minority and Women’s Owned Business Development as M/WBE are strongly encouraged to apply to this RFQ. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit http://www.nycedc.com/opportunitymwdbe.  An optional informational session will be held on Tuesday, November 22, 2016 at 11:00 am at NYCEDC. Those who wish to attend should RSVP by email to CIHRFQ@nulledc.nyc on or before November 21, 2016.

NYC Industrial Developer “Fund” for Qualified Projects Seeking Fund Support

The NYC Industrial Developer Fund is a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City.  The Fund is designed to catalyze investment in 400,000 sf of new or renovated industrial real estate workspace across New York City, supporting the creation of as many as 1,200 quality and accessible industrial jobs by 2020.The Industrial Developer Fund supports industrial job-creation in New York City by providing public/private financing for industrial real estate development projects.  Total size of the Fund is $150 million, which includes approximately $60 million in public funds leveraging $90 million in private financing.

The Industrial Developer Fund provides qualified real estate developers with partial public gap-financing assistance in the form of grants, low-interest subordinate loans, and guarantees on senior private loans.  These public funds are intended to leverage owner equity so that the transaction merits traditional bank/senior lender financing provided under the Fund structure.

Qualified projects seeking fund support will be considered when high impact projects are unable to move forward due to funding gaps.  The Fund will consider both non-profit and for-profit entities.

New York City’s industrial and manufacturing sector employs 530,000 people, or 15.4 percent of the city’s private sector workforce.  The sector is a vital pathway to the middle class for many families, with median wages of $50,400 a year. In addition, more than 328,000 jobs in the sector (61.5 percent) are located outside Manhattan, 62 percent of the workforce comes from culturally diverse backgrounds, and nearly half are foreign-born. Finally, approximately 63 percent of jobs are available to individuals who do not have a college degree.

• Land/Building Acquisition, Construction and/or Renovation
• Project Size: Minimum of 25,000 square feet
• Geography: New York City’s 5 boroughs
• Use/Purpose: Projects must create long-term industrial real estate property and demonstrate creation of quality, permanent industrial jobs

For additional information, please contact the NYCEDC Strategic Investments Group at 212.618.5737 or SIG@nullnycedc.com, with “Industrial Developer Fund Inquiry” in the subject line.  Prospective applicants are encouraged to contact NYCEDC to determine eligibility and review in-depth financing criteria prior to submitting materials.