East 125 th Street Development Taskforce Summary of RFP Reponses April 5, 2007

RFP Submissions Developer A – Harlem East Developer C – East Harlem Media Entertainment and Cultural Center Developer E – no name

Developer A – Harlem East

Program Residential Space – 800,000 sf Residential Space – 800,000 sf Retail Space – 480,000 sf Retail Space – 480,000 sf Cultural Facility – 37,000 sf Cultural Facility – 37,000 sf Media/Creative/Office – 300,000 sf Media/Creative/Office – 300,000 sf Parking – 600 spaces Parking – 600 spaces TOTAL – 1.71 mm sf TOTAL – 1.71 mm sf

Developer A – Harlem East Urban Design Elements 4 story retail base on East 125 th Street 4 story retail base on East 125 th Street Two 13 story residential towers on top of 2 story base Two 13 story residential towers on top of 2 story base One 21 story office tower on East 125 th Street and Third Avenue One 21 story office tower on East 125 th Street and Third Avenue 15,000 sf of Public Open Space (including a stepped amphitheater) 15,000 sf of Public Open Space (including a stepped amphitheater) 29,000 sf residential Green Roof 29,000 sf residential Green Roof Parcel C is 10 stories with ground floor retail Parcel C is 10 stories with ground floor retail Parcel A & B each have 300 parking spaces Parcel A & B each have 300 parking spaces

Developer A – Harlem East Developers 1 East Harlem Affordable Housing Developer (17.5%) 1 East Harlem Affordable Housing Developer (17.5%) 1 Low-Income Housing Developer with office in East Harlem (17.5%) 1 Low-Income Housing Developer with office in East Harlem (17.5%) 1 Major MWBE Investment Partner 1 Major MWBE Investment Partner 1 Real Estate Advisory Firm from CB10 1 Real Estate Advisory Firm from CB10 1 Experienced NYC developer with large portfolio (principal developer) 1 Experienced NYC developer with large portfolio (principal developer)

Developer A – Harlem East Housing – Total 828 units 47% homeownership, 53% rental 47% homeownership, 53% rental 49% 2 and 3 bedroom units 49% 2 and 3 bedroom units Taskforce Developer A - Rental Developer A - Homeownership Low30%56%0% Moderate35%44%25% Middle35%0%75% Market0%0%0%

Developer A – Harlem East Retail Anchor – Department Store Anchor – Department Store Sit-Down Restaurant Sit-Down Restaurant Century 21 Century 21 Borders Borders Bestbuy Bestbuy Applebees Applebees Chili’s Chili’s Pizzeria Uno’s Pizzeria Uno’s LOCAL RETAIL – 50,000 sf LOCAL RETAIL – 50,000 sf

Developer A – Harlem East Media/Creative/Office V-Me – Letter of interest V-Me – Letter of interest Performing Arts Space Performing Arts Space Film/Video/Multi-Media Studios Film/Video/Multi-Media Studios Art Exhibition Space Art Exhibition Space Cultural Component Operated by AHA & CATCH Operated by AHA & CATCH Host musical concerts, theatre, conferences, art shows Host musical concerts, theatre, conferences, art shows

Developer A – Harlem East Hiring Plan Willing to work with community develop hiring strategy Willing to work with community develop hiring strategy Job Creation 1200 Office 1200 Office Property Managers Property Managers 700 Retail 700 Retail 32 Residential Property Managers 32 Residential Property Managers Cultural Related Cultural Related 1850 Construction Jobs 1850 Construction Jobs

Developer A – Harlem East Local Investment Fund Details to be determined Details to be determined Work with a local business development partner Work with a local business development partner Contribution to Parks/Waterfront No mention No mention

Developer C – East Harlem Media Entertainment and Cultural Center

Program Residential Space – 955,000 sf Residential Space – 955,000 sf Retail Space – 396,000 sf Retail Space – 396,000 sf Cultural Facility – 30,000 sf Cultural Facility – 30,000 sf Media/Creative/Office – 230,000 sf Media/Creative/Office – 230,000 sf Hotel – 104,000 sf Hotel – 104,000 sf Parking – 800 spaces Parking – 800 spaces TOTAL – 1.71 mm sf TOTAL – 1.71 mm sf

Developer C – East Harlem Media Entertainment and Cultural Center Urban Design Elements Towers Towers 2 residential towers, along Second Ave. (210 ft.) 1 office tower on East 125 th Street and Third Avenue (210 ft.) Hotel entry on East 126 th Street, 8 stories Hotel entry on East 126 th Street, 8 stories Parcel C is cultural component w/ retail base Parcel C is cultural component w/ retail base 800 parking spaces on Parcel B 800 parking spaces on Parcel B 25,000 sf of open space 25,000 sf of open space

Developer C – East Harlem Media Entertainment and Cultural Center Developers 1 large residential investment company with NYC portfolio (33.3%) 1 large residential investment company with NYC portfolio (33.3%) 1 large retail developer with ownership interest in more than 200 regional shopping centers (33.3%) 1 large retail developer with ownership interest in more than 200 regional shopping centers (33.3%) 1 residential housing developer (33.3%) 1 residential housing developer (33.3%) No local developers - need help to identify partner (will receive ownership interest) No local developers - need help to identify partner (will receive ownership interest)

Developer C – East Harlem Media Entertainment and Cultural Center Housing – Total 938 units 50% homeownership, 50% rental 50% homeownership, 50% rental 80% 2 and 3 bedroom units 80% 2 and 3 bedroom units Condominium Homeownership Condominium Homeownership Taskforce Developer C - Rental Developer C - Homeownership Low30%30%30% Moderate35%35%35% Middle35%35%35% Market0%0%0%

Developer C – East Harlem Media Entertainment and Cultural Center Housing Proposed 30% low-income home ownership not feasible (HPD) Proposed 30% low-income home ownership not feasible (HPD) Also have a 50% affordable housing scenario, which only effects purchase price, rest of program stays the same Also have a 50% affordable housing scenario, which only effects purchase price, rest of program stays the same

Developer C – East Harlem Media Entertainment and Cultural Center Retail NY Sports Club (letter of interest) NY Sports Club (letter of interest) Other possibilities: JC Penny’s, Kohls, American Eagle, Footlocker, Nine West, Restaurants, Cinema, etc. Other possibilities: JC Penny’s, Kohls, American Eagle, Footlocker, Nine West, Restaurants, Cinema, etc. 44,000 sf of local retail 44,000 sf of local retail Project Start-Up Community Based Retail Development Program Community Based Retail Development Program $1,000,000 to create/expand business opportunities $1,000,000 to create/expand business opportunities 10 selected entrepreneurs will receive capital to set up new businesses 10 selected entrepreneurs will receive capital to set up new businesses

Developer C – East Harlem Media Entertainment and Cultural Center Media/Creative/Office No information No information Cultural Component 3 story arts center (atop of 3 story retail base) 3 story arts center (atop of 3 story retail base) Will not collect rent for cultural space Will not collect rent for cultural space Gallery, performing arts, educational space Gallery, performing arts, educational space Have compiled a list of local organizations to program space Have compiled a list of local organizations to program space Haven’t identified a local partner to operate; seeking Taskforce input Haven’t identified a local partner to operate; seeking Taskforce inputHotel 150 rooms - Letter of Interest from Comfort Inn 150 rooms - Letter of Interest from Comfort Inn

Developer C – East Harlem Media Entertainment and Cultural Center Hiring Plan Viable M/WBE plan included in proposal Viable M/WBE plan included in proposal Development team is willing to work with local community Development team is willing to work with local community Job Creation 32 parking attendants 32 parking attendants 767 office 767 office 94 property management 94 property management 480 retail 480 retail 100 hotel 100 hotel 30 cultural related 30 cultural related 960 restaurant 960 restaurant

Developer C – East Harlem Media Entertainment and Cultural Center Local Investment Fund $5 million commitment $5 million commitment Contribution to Parks/Waterfront $2 million commitment $2 million commitment

Developer E – no name

Program Residential Space – 902,000 sf Residential Space – 902,000 sf Retail Space – 466,000 sf Retail Space – 466,000 sf Cultural Facility – 46,000 sf Cultural Facility – 46,000 sf Media/Creative/Office – 200,000 sf Media/Creative/Office – 200,000 sf Hotel – 100,050 sf Hotel – 100,050 sf Parking – 700 spaces Parking – 700 spaces TOTAL – 1.73 mm sf TOTAL – 1.73 mm sf

Developer E – no name Urban Design Elements Retail base throughout Retail base throughout National Anchor Retail on upper floors National Anchor Retail on upper floors Specialty Local Retail on ground floor Specialty Local Retail on ground floor Towers Towers ft. residential tower on Second Avenue between East 126 th Street & East 127 th Street ft. mixed use tower (ground floor retail, topped by office, topped by residential) on Third Avenue and East 125 th Street Infill capped at 8 stories Infill capped at 8 stories Parcel C – 150 ft. residential Parcel C – 150 ft. residential

Developer E – no name Urban Design Elements Hotel on Third Avenue between East 126 th Street and East 127 th Street Hotel on Third Avenue between East 126 th Street and East 127 th Street 10,000 sf of open space 10,000 sf of open space Cultural Component located off central plaza Cultural Component located off central plaza Cinema located at end of open space on Parcel A Cinema located at end of open space on Parcel A 80,000 sf of roof-top open space for residential and office 80,000 sf of roof-top open space for residential and office 700 parking spaces on Parcel B (both commercial and residential) 700 parking spaces on Parcel B (both commercial and residential)

Developer E – no name Developers 1 large acquisition firm active in NYC (50%) 1 large acquisition firm active in NYC (50%) 1 Experienced NYC Affordable Housing Developer (25%) 1 Experienced NYC Affordable Housing Developer (25%) 2 Local East Harlem Based Affordable Housing Developers (12.5% EACH) 2 Local East Harlem Based Affordable Housing Developers (12.5% EACH)

Developer E – no name Housing – Total 975 units 49% homeownership, 51% rental 49% homeownership, 51% rental 80% 2 and 3 bedroom units 80% 2 and 3 bedroom units Taskforce Developer E - Rental Developer E - Homeownership Low30%62%0% Moderate35%11%42% Middle35%17%42% Market0%10%15%

Developer E – no name Housing Overall Affordability: Overall Affordability: 31% Low, 26% Moderate, 29% Middle, 13% market Willing to explore long term affordability Willing to explore long term affordability

Developer E – no name Retail Letters of Interest from the following possible tenants: Letters of Interest from the following possible tenants: Bob’s Discount Furniture Lowes Dallas BBQ BJ’s Outback Steakhouse Carrabbas Italian Grill IHOPStarbucks Regal Entertainment Group 51,000 sf for Local Retail 51,000 sf for Local Retail

Developer E – no name Media/Creative/Office Attracting Major Office Tenants Attracting Major Office Tenants Media/Creative Tenants Media/Creative Tenants Cultural Component Built to meet museum standards Built to meet museum standards Building core/shell – no money for fit out Building core/shell – no money for fit out Will be owned as a condominium by a 501c3 formed by developer Will be owned as a condominium by a 501c3 formed by developer 501c3 will rent out space (at below market rent) to cultural organizations for programming 501c3 will rent out space (at below market rent) to cultural organizations for programmingHotel 175 Rooms, limited service 175 Rooms, limited service Letter of interest from Hilton and Starwood Letter of interest from Hilton and Starwood

Developer E – no name Hiring Plan 30% MWBE contractors for construction 30% MWBE contractors for construction Local employment initiative Local employment initiative Target and train low income/underemployed local residents Partner with local workforce development providers (STRIVE and EHCCI) Job Creation 622 Retail 40 Cinema 622 Retail 40 Cinema 254 Office20 Fitness center 254 Office20 Fitness center 134 Restaurant50 Residential parking 134 Restaurant50 Residential parking 49 Hotel 49 Hotel 35 Cultural Related 35 Cultural Related

Developer E – no name Local Investment Fund Called “Enterprise Fund” Called “Enterprise Fund” Board of Directors will be selected from community leaders Board of Directors will be selected from community leaders No monetary commitment outlined in proposal No monetary commitment outlined in proposal Contribution to Parks/Waterfront No mention No mention