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STATE OF NEW YORK CITY OF NEW YORK
EXECUTIVE CHAMBER OFFICE OF THE MAYOR
GEORGE E. PATAKI, GOVERNOR RUDOLPH W. GIULIANI, MAYOR

Press Office
Press Office
518-474-8418 (212) 788-2958
(212) 681-4640
http://www.state.ny.us
http://www.ci.nyc.ny.us
FOR RELEASE: IMMEDIATE
Thursday, December 14, 2000


GOVERNOR, MAYOR, AVALONBAY BREAK NEW GROUND AT QUEENS WEST
$2.3 Billion Queens Waterfront Rebirth Continues with First of 3 AvalonBay Towers

Governor George E. Pataki, Mayor Rudolph W. Giuliani, Queens Borough President Claire Shulman, Port Authority Vice-Chairman Charles A. Gargano and AvalonBay Communities Executive Chairman and CEO Richard L. Michaux today broke ground on a new 372 unit apartment building at Queens West.

The building is the first of three new luxury rental buildings to be built by AvalonBay Communities at Queens West, the $2.3 billion residential and commercial development project covering 74 acres at Hunters Point in Queens.

"Queens West is an outstanding example of the great things we can accomplish when the public and private sectors work together toward a common goal," Governor Pataki said. "The future has never looked brighter for the Borough of Queens and this exciting new project will provide greater public access to the waterfront, offer one of the City's most spectacular views, and add even more momentum to Queens' ongoing economic resurgence."

Mayor Rudolph Giuliani said, "Today's groundbreaking is a significant next step in the development of Queens West. When complete, AvalonBay Towers will provide new homes for more than a thousand New Yorkers as well as approximately 75,000 square feet of retail space. Our efforts in developing Queens West serve as another example of what we can achieve when the public and private sectors work together for the benefit of all New Yorkers."

Queens Borough President Claire Shulman said, "Avalon Riverview's 372 units of market-rate rental housing is a sure success and another step forward in fulfilling the Queens West project. I thank the Governor, the Mayor, the Port Authority, the Empire State Development Corporation and the Economic Development Corporation, for their ongoing support and commitment to Queens West."

Fred Harris, Vice President of Development for AvalonBay Communities, said, "AvalonBay is proud that its first New York City community will be part of the Queens West waterfront development. We look forward to welcoming our residents to one of the finest apartment communities in the United States."

AvalonBay's new buildings will be located on Center Blvd. in Queens, directly across the East River from the United Nations. The first building will be located between 49th and 50th Avenues and will be known as Avalon Riverview. Avalon Riverview, a $102.5 million investment, will be 32 stories with 372 apartment units and a 130-car parking garage. It is expected to open in Spring 2002.

Avalon's plans for three residential buildings completes the first stage of the Queens West project, which includes the 40-story, 522 co-operative Citylights apartment building that opened in April 1997; Gantry Plaza State Park a 2.5 acre park that opened in 1998; P.S. 78Q, a 17,500 square-foot public school for pre-K to 5th grade; the New York Foundation for Senior Citizens' planned 80 residential units; and 97,500 square feet in new commercial and retail space.

Charles A. Gargano, Chairman of Empire State Development and Vice-Chairman of the Port Authority of New York and New Jersey, said, "Queens West exemplifies a new paradigm in urban renewal. Instead of the public sector subsidizing development, we are leveraging the private sector's expertise and financial resources to generate new businesses, job opportunities, housing and improved quality of life for the people of Queens."

Michael Carey, President of the NYC Economic Development Corporation, said, "Queens West is an excellent example of a successful public/private partnership. I look forward to the announcement of the next phase of this exciting development which will include over two million square feet of commercial and retail space."

Oversight for the Queens West project is provided by the Queens West Development Corporation, a subsidiary of Empire State Development Corporation, and is made up of representatives from the State, City, Queens Borough President's office and Port Authority of New York and New Jersey in a joint effort to revitalize the Queens waterfront.

AvalonBay Communities, Inc., headquartered in Alexandria, Va., currently owns or holds an ownership interest in 136 apartment communities containing 39,819 apartment homes in 12 states and the District of Columbia, of which ten communities are under construction and two communities are under reconstruction. AvalonBay is in the business of developing, redeveloping, and acquiring and managing luxury apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's web site at http://www.avalonbay.com.

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New AvalonBay Queens West Residential Building Locations and Specifications

QW Project Location Building Details Construction Schedule
Site #11 Bordered by 49th Ave. on the north, Center Boulevard on the west, 50th Avenue on the south. 32 Stories; 372 rental apartments; 130-car parking garage; 9,800 SF of retail space. Groundbreaking occurred December 14, 2000; occupancy expected in Spring 2002.
Site #8 Bordered by 47th  Road on the north; Center Blvd. on the east; Gantry Plaza State Park on the South; Peninsula Park & East River on the west. 14 stories; 104,000 SF of residential space; number of rental units TBD; 35,000 SF of retail space. Expected groundbreaking Fall 2002; 18 month construction schedule.
Site #9 Bordered by 47th Road on the north; 5th Street on the east; 48th Ave. on the south; Center Blvd. on the west. 32 stories; 435,000 SF of residential space; number of rental units TBD; 30,000 SF of retail space. Expected groundbreaking Fall 2003; 18 month construction schedule.

AvalonBay Media Contact: Fred Harris - 212-309-2984

 

STATE OF NEW YORK
EXECUTIVE CHAMBER
GEORGE E. PATAKI, GOVERNOR

Press Office
518-474-8418
212-681-4640

http://www.state.ny.us

FOR RELEASE: IMMEDIATE
Thursday, May 21, 1998

GOVERNOR DEDICATES STATE PARK AT QUEENS WEST'S GANTRY PLAZA
Dedication Marks First Opening of Queens Waterfront to Public in 100 Years

Governor George E. Pataki and Queens Borough President Claire Shulman today dedicated Gantry Plaza State Park at Queens West, the 74-acre residential and retail project along the East River.

"For the first time in this century, the people of Queens will have access to their waterfront," Governor Pataki said. "Families will have a wonderful new place to spend time together and build an appreciation for New York's magnificent natural resources.

"Queens West is an ambitious $2.3 billion project that is sparking the renaissance of the Queens waterfront and economic growth for the neighborhood," the Governor said. "It is a joint effort among the private sector, the federal government, the State, the City and the Port Authority -- who should all be congratulated for their efforts in bringing this day about.

"When the first building, City Lights, opened last fall it was an instant hit -- who can argue with the magnificent backdrop of the Manhattan skyline as a place to call home -- there is a brand new, thriving elementary school right here and before long a second building will rise along the East River shore," Governor Pataki said. "In short, Queens West tells the story of New York as we enter the 21st Century: strong economic growth, good schools and a better environment for our families to enjoy."

Queens Borough President Claire Shulman said, "Today we celebrate the reclamation of this beautiful waterfront site for the community of Queens. Weeds and train yards have been transformed into this park, a spectacular centerpiece of the Queens West development that offers waterfront access, while recognizing the historical integrity of the site's past.

"We look forward to the continuing development of the entire 20 acres of waterfront open space with its magnificent views and the continued reformation of this underutilized land into a hub of housing, commercial and retail activity," Borough President Shulman said.

Gantry Plaza State Park is located at the end of 48th Avenue at the East River. The 2.5 acre park will be the first State-operated park in Queens. The other Queens State park, Bayswater on Jamaica Bay, is operated for the State by the Audubon Society.

The park incorporates two historic gantry float bridges, where cargo was moved, and four piers jutting into the East River recalling the Queens waterfront's heyday as an industrial power and shaper of the Port of New York.

When completed, Queens West will occupy 74 acres along the East River with 15 residential buildings totaling 6,400 units, three commercial buildings offering 2 million square feet of space, a hotel and conference center and 20 acres of parks and open space.

Mayor Rudolph W. Giuliani said, "It's wonderful to see the opening of Gantry Plaza State Park. This new development will provide 20 acres of parks and open space, over 6,000 new residential units, 2 million square-feet of commercial space and perhaps, most importantly, new jobs. Queens West is yet another example of how private and public partnership has been able to transform underutilized areas of the City to benefit all New Yorkers."

Charles A. Gargano, Chairman of Empire State Development Corporation and Vice Chairman of the Port Authority of New York and New Jersey, said, This project is a perfect reflection of Governor Pataki's economic policies at work in New York's stunning, historic economic turnaround. Today, we see the first fruits of the transformation of the Queens waterfront. This is a public-private partnership that will take us into the next century with economic opportunity, jobs and affordable housing."

State Parks Commissioner Bernadette Castro said, "I want to thank Governor Pataki and Chairman Gargano for all their work in creating this new State park in Queens. We are so delighted to be opening another State park to be enjoyed by all the people of New York City and across this great State."

Charles E. Millard, President of the New York City Economic Development Corporation and a member of the Queens West Development Corporation Board, said, "Governor Pataki, Mayor Giuliani and the City of New York are proud to provide the residents of Queens and the entire City with access to the spectacular Queens waterfront. This is another excellent example of our working together to capitalize on our assets for the greater good of both the City and State of New York."

State Senator Serphin R. Maltese said, "Governor Pataki has the vision, Governor Pataki has the commitment and Governor Pataki gets things done for all New Yorkers. Today, he has made a difference for the people of Queens. I hope everyone takes advantage of this beautiful new State park."

Assemblyman Denis J. Butler, who sponsored the legislation creating Queens West more than a decade ago, said, "This is a day that I have looked forward to for a long time. It shows when government at all levels and the private sector join together great things can be accomplished."

Vincent Albanese, Chairman of Queens West Development Corporation, said, "It's a wonderful feeling knowing that a project that had been talked about for more than a decade is now going ahead full-steam under the leadership of Governor Pataki. It's a remarkable achievement."

The park will feature an educational interpretive zone with native tidal march grasses and other wetlands planting , a children's playground, a fishing pier and fish cleaning station and a performance lighting system for outdoor events on the lower plaza .

Oversight for Queens West is provided by the Queens West Development Corporation (QWDC), a subsidiary of Empire State Development Corporation, and is made up of representatives from the State, the City and the Port Authority. To date, the Port Authority, which pledged $125 million for Queens West, has contributed $50 million for land acquisition and design, the City has contributed $30 million for capital construction and infrastructure and Empire State Development has provided $3 million for administrative expenses.

On May 23, 1996, Governor Pataki presided over the groundbreaking for City Lights, the 42-story, 522 unit co-op developed by Manhattan Overlook (MO) Associates, which represented the largest loan in three decades--$85.6 million-- made by the AFL-CIO Housing Investment Trust and backed by a federal Department of Housing and Urban Development loan guarantee.

Mellon Bank, the Dreyfus Corporation and Zeckendorf Realty, LLP are the private sector partners of MO Associates.

A developer for a second residential building at Queens West will be named later this year. Before City Lights opened, the first building, it had a list of 4,000 prospective buyers and is approaching a full sell-out of this moderate income family housing.

Queens West is accessible by subway, car and a ferry which offers daily service across the East River from East 34th Street in Manhattan.

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ESD Contact: Maura Gallucci (212) 803-3740

 

CONTACT:
Public Affairs: (212) 803-3740
www.empire.state.ny.us
FOR RELEASE: 
IMMEDIATE: Wednesday 
February 28, 2001 

QUEENS WEST, DESIGNATES ROCKROSE AS PREFERRED DEVELOPER
Northern Parcel Slated for $1 Billion Investment, 3,000 Residential Units, Two Parks

Charles A. Gargano, Chairman of Empire State Development, the parent organization of the Queens West Development Corporation (QWDC), today announced that Rockrose Development Corporation has been designated by Pepsi-Cola, Inc. and QWDC to develop the northern parcels of Queens West for residential use. Rockrose's nearly $1 billion development plan, designed by Arquitectonica, calls for approximately 3 million square feet for 3,000 apartment units in seven buildings.

The project's northern area, or Stage 2 of the Queens West project plan, totals 21.75 acres, of which 13.5 acres will be set aside for parks and public space, including a waterfront esplanade, a two acre active recreation park and streets.

"The proposal submitted by Rockrose offers the greatest overall benefit to the future of Queens West," said Chairman Gargano. "The New York City market is crying out for additional housing. This development plan will help fill that need, offer some of the best views of Manhattan available and create thousands of new construction jobs.

"Queens West is one of the most exciting development projects in New York today thanks to Governor Pataki's leadership since 1995. Just one month ago we broke ground on the first of three Avalon residential towers and announced LCOR as the designated developer for the 2 million square foot commercial core. We look forward to finalizing the deal with Rockrose and continuing the momentum we have achieved at Queens West over the past few months."

QWDC and Pepsi, which currently owns the majority 96 percent of the site, will now enter into final negotiations with Rockrose to purchase the property. Included in the transaction will be an agreement to maintain the famous Pepsi-Cola sign on the Queens waterfront.

"Midtown needs to expand and this is where it's going to go," said K. Thomas Elghanayan, President of Rockrose. "Queens West offers one of the most dramatic views in the world, and Hunters Point is a terrific community that's only one stop from Grand Central Station on the subway.

"Our firm is known for producing high quality residential developments in Manhattan. We view this site as an extension of Manhattan living. Queens West will be New York City's antidote for the intense competition for tenants that the New Jersey waterfront developments are creating."

Rockrose is well known in New York for pioneering new residential neighborhoods, such as Battery Park City, Wall Street, and the West Village. The company is now completing major residential developments on two entire blocks of 7th Avenue in the 20s.

Queens West is a $2.3 billion residential and commercial development project covering 74 acres at Hunters Point in Queens. Located directly across the East River from the United Nations, it is easily accessible by the MTA's #7 train, as well as the Midtown Tunnel and the 59th Street Bridge.

Chris Ward, Chief of Planning and External Affairs for the Port Authority and a member of the Queens West Board, said, "Following the Port Authority's recent announcement of $65 million in new funding for Queens West, we are pleased that this critical new housing initiative can now go forward, in concert with the earlier designation of LCOR to carry out a large-scale commercial core development project. This project continues the Port Authority's historic role in improving the economy and quality of life in New York City."

"Today's announcement represents the Giuliani Administration's continued contribution to the revitalization of the City's waterfront," said Michael G. Carey, President of the New York City Economic Development Corporation. "The project's 2 million square feet of commercial space will attract quality development, while its 6,000 residential units will provide much-needed housing with spectacular views of the Manhattan skyline. I welcome Rockrose Development Corporation and Pepsi- Cola, Inc. to the Queens West team."

Queens Borough President Claire Shulman said, "Today's announcement is another step forward that adds to the momentum to Queens West, a project that is absolutely appropriate for waterfront property."

Today's announcement, made following the February meeting of the QWDC Board of Directors, follows other recent milestones for the Queens West project. On January 24, 2001 QWDC announced the designation of LCOR to develop 13.5 acres of Queens West waterfront property into more than 2 million square feet of commercial space. LCOR's initial plans call for investing $500 million to construct five new buildings, including Class A office space and potential new retail and hotel development.

On December 14, 2000, AvalonBay broke ground on the first of three luxury apartment buildings at Queens West. These three rental buildings will join the successful Citilights, the sold out 522 unit co-operative apartment building that opened in 1997.

QWDC is a subsidiary of Empire State Development Corporation and is made up of representatives from the State, City, Queens Borough President's office and Port Authority of New York and New Jersey in a joint effort to revitalize the Queens waterfront.

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Queens West Development Corporation
A subsidiary of Empire State Development Corporation

Empire State Development Corporation