NEW YORK—The new Fulton Center, which will eventually host 11 subway stations and a glass-topped atrium upon completion, has 65,000 square feet of space on five floors available for retail and commercial development. The Metropolitan Transportation Authority (MTA) is seeking proposals for long-term leasing of the space, which will see nearly 300,000 daily transit riders.
“This innovative leasing approach will go a long way toward creating a dynamic public/private destination for Lower Manhattan residents and visitors alike and will deliver an experience befitting a great civic space,” said MTA Capital Construction President Michael Horodniceanu according to a release.
MTA Chairman and CEO Joseph Lhota says this leasing approach, which should encompass over 50 revenue-generating multimedia displays, will optimize rent going toward the MTA, enabling it to focus on its core mission: “getting our customers to where they need to go as safely and efficiently as possible.”
The space, designed by Arup and Grimshaw Architects with a light sculpture in collaboration with James Carpenter Design Associates, aims to optimize natural lighting. Retail space will be available through five floors, from the transit oriented belowground levels to the glass-enclosed upper-levels.
The new Fulton Center building will be located on the southeast corner of Broadway and Fulton Street, with an additional entrance via the eight-story Corbin building on the northeast corner of Broadway and John Street. The Corbin building is being renovated and integrated with the Fulton building, and the $1.4 billion Fulton Center is scheduled for completion in June 2014. The MTA expects to have commercial usage areas open for business by June 2014 as well.