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Big-Name Developers Team Up to Bid on SPURA Redevelopment

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Developers had until today to submit their bids for the Seward Park Urban Renewal Area (SPURA to us), the Lower East Side parking lots that make up the city's largest spread of undeveloped Manhattan land south of 96th Street. The requests for proposals was downloaded from the city's website more than 750 times, which will hopefully result in some variety in the final proposals. The city has said it plans to remain cagey about the entries, but the Journal has a partial list of developer names.

The names are will be familiar to the city's real estate obsessives. Bruce Ratner of the Barclays Center has partnered with affordable housing development non-profit the Metropolitan Council on Jewish Poverty for a proposal. L+M Development Partners, BFC Partners, Grand Street Settlement, and Taconic have also joined together on a proposal (L+M and BFC Partners have already worked together on Williamsburg's Schaefer Landing). AvalonBay Communities and Jonathan Rose have a team in the running, too. In the end, the site?1.65 million square feet that must contain market rate and affordable housing and office and retail space?could go to just one of these entrants or be divided among several of them. Have intel on the specifics of any of the proposals? We'd love to hear it.
· Developers Set to Bid on Seward Park [WSJ]
· SPURA coverage [Curbed]