14th @ Irving

Community Benefits

Urban Space 4.jpg
 
Asset 38 (2).png

Market Space and Other Retail

 
urbanspace2.png
 
 
  • Ground floor will be dedicated to an Urbanspace Market
  • No retail space can be leased to tenants who have another location within 0.5 miles 0f the property or who operate more than five Manhattan locations
  • 25% of all market space booths shall be reserved for new businesses and entrepreneurs
 

Asset 11.png

Civic Hall Space

 
Asset 16.png
 
 
  • Civic Hall will occupy three floors, including one floor dedicated to an event space
  • The event space will be made available to the public at reduced rates a minimum of eight times per quarter for a total of 32 events annually
 

Asset 39.png

Digital Skills Training Center

 
  • Three floors of the building will be permanently dedicated to workforce development focused on under-served communities such as public school students, teachers, immigrants, people with disabilities, elderly, etc. Current training organization partners include Per Scholas, Computer Science for All NYC Students (CSNYC), FedCap, AccessCode and General Assembly

  • Civic Hall will be responsible for programming the workforce space for the term of its lease

  • For-profit partners, such as General Assembly, must offer scholarships or discounts for 20% of students equal to at least 50% of tuition

  • Digital skills training space is rent restricted to $50 per square foot, escalated at 2% annually
     

 

1.jpg

Step Up Office Space

 
  • Five floors will be dedicated step-up offices that will target technology, creative, or innovation companies with five to 15 employees that are seeking to expand into larger space at flexible terms
  • Lease terms must be no shorter than six months and no longer than five years
  • Reduced security deposit requirements
  • Tenant guaranties must be limited to 12 months’ rent and the Landlord’s contribution to tenant build-out
 

 

14th @ Irving

Want to learn more?