$250 Million Tech Hub Coming to Union Square
Space Will Be New Home for Civic Hall, Including Digital Training Hub for 21st Century Jobs and Flexible Work Space for Growing Startups
Friday afternoon, Mayor de Blasio met with the NYC tech community to unveil the designs and programs in a new tech hub coming to 124 East 14th Street, the current location of P.C. Richard & Son (watch the full announcement here). The New York City Economic Development Corporation (NYCEDC) RAL Development Services to redevelop the space, which will be anchored by Civic Hall, a collaborative work and event space advancing the use of technology for the public good. The project also includes a digital job training facility for all New Yorkers, flexible work space tailored to the needs of early stage startups, and retail at the street level.
The $250 million, 258,000 square-foot project, dubbed 14th @ Irving, will focus on bringing together growing startups and tech companies that make up NYC’s “Silicon Alley” while also helping more New Yorkers join the tech ecosystem.
"The project will bring together the best-in-class programs offering affordable digital skills training for New Yorkers seeing to join the 21st century economy," the Mayor's Office said in a press release. "The hub itself will generate 600 jobs in the tech ecosystem, and more than 800 construction jobs. The project will also be union-built and staffed, and in compliance with HireNYC guidelines"
The new Civic Hall plans to include the following workforce development partners: the New York City Foundation for Computer Science Education, General Assembly, Per Scholas, FedCap, Code to Work and Coalition for Queens. Key partners will provide discounted training, removing barriers to tech education and helping foster a culture of inclusivity and opportunity. The location in Union Square provides ample access to transit throughout the 5 boroughs and will allow New Yorkers across the City to access programming at the building, said the release.
“Anyone should be able to come in off the street and learn what they need to know," said Andrew Raseij, Civic Hall founder, about the project at a recent Community Board 3 meeting.
"Today’s announcement by Mayor de Blasio further solidifies Union Square’s position as the epicenter of New York’s growing tech scene with our area’s unrivaled transportation access, wide range of amenities surrounding Union Square Park, and our world-class Greenmarket," said Jennifer Falk, Executive Director of the Union Square Partnership. "We at the Partnership look forward to welcoming the Union Square Innovation Hub to the Union Square district and to its many years of success.”
The building will also offer 58,000 square feet of flexible office space designed to attract technology focused businesses that have outgrown co-working space, but aren’t quite ready to rent in the traditional commercial market, including smaller floor plates, flexible expansion opportunities, and shorter lease terms ranging from 6 months to 5 years.