RIOC Real Estate Committee Meeting Today To Review Roosevelt Island Main Street Master Leaseholder Proposals

According to the Roosevelt Island Operating Corp (RIOC):

PLEASE TAKE NOTICE that a meeting of the Real Estate Development Advisory Committee of the RIOC Board of Directors will be held on Wednesday, November 17, 2010 at 6:00 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.

The agenda for the meeting will be:

1. Review of the Jones Lang LaSalle Americas, Inc. Report on the Commercial Master Lease Proposals; and

2. 2. Extension of Trellis Lease.

More on the Roosevelt Island Main Street Retail Request For Proposals here.

An audio webcast of the meeting will be made available soon thereafter (usually with 2 business days).

UPDATE  11/18 - The Jones Lang LaSalle representative reported at the Real Estate Committee meeting that there were 2 bidders for the RFP. After reporting the number of bidders, the RIOC Real Estate Committee went into executive session and the public, including me, were asked to leave. The reason given for holding the rest of the meeting in Executive Session was so that no confidential information be made public that could impact any negotiations between the Master Leaseholder bidders and RIOC/Jones Lang LaSalle. No other information regarding the Master Leaseholder RFP was provided by RIOC.

Also, Trellis did not get any lease extension at this time. Questions remain regarding Trellis complying with previous fire safety and ventilation issues and need to be resolved by Trellis before any lease extension can be considered by RIOC.

More later.