Wednesday, May 13, 2015

Roosevelt Island NY Public Library Plans, Update On Main Street Retail Master Lease, Outdoor Seating Request, Cultural Center Permitting And Westview Ground Lease Negotiation On Agenda For RIOC Real Estate Advisory Committee May 14 Meeting

The Roosevelt Island Operating Corp (RIOC) Real Estate Development Advisory Committee is meeting Thursday, May 14.

 Area Surrounding 503 Main Street Outdoor Seating Request

According to the Agenda:
PLEASE TAKE NOTICE that a meeting of the Real Estate Development Advisory Committee of the RIOC Board of Directors will be held on Thursday, May 14, 2015 at 5:30 p.m. at the RIOC administrative office, 591 Main Street, Roosevelt Island, New York.


Presentation of New York Public Library Plans for 504 Main Street.

Update on Master Retail Sublease.

Review of Outdoor Seating Request in Proximity to 503 Main Street.

Discussion of Cultural Center Community Space Permitting and Utilization.

Chair's Motion for an Executive Session for an Update on Westview Ground Lease Negotiations.

Any Other Committee Business That May be Brought Before the Committee
An audio web cast of the Public Session will be available soon thereafter.

The Roosevelt Island Residents Association (RIRA) Main Street Retail Committee Chair Anna Karinnen provided a retail update to the May 6 meeting of the Common Council.

Ms Kanninen reported that Hudson Related announced Winnick Realty will no longer be the retail broker for Roosevelt Island's Shops on Main Street

 Image Of Winnick Realty Leasing Sign at 503 Main Street

and that Hudson Related is in the process of selecting a new retail broker. Here's the rest of the RIRA Retail Report.

Also, the Executive Session to discuss the RIOC Westview Ground Lease extension

is because the Westview Co-op Non-Eviction Conversion Plan was sent to tenants earlier this month by the building's owner. One Westview tenant tweeted:

On May 1, I asked Westview building owner representative David Hirshhorn:
I understand that the Westview Non-Eviction Coop conversion offering plan has been released this week.

Is that true?...

Any comment from RY Management on matter. Can you provide details about the plan.
Mr. Hirshhorn replied:
Yes, the Red Herring was filed with the Department of Law and copies were provided today to all Westview residents. The Plan is very similar to the Island House plan. We have now asked RIOC to extend the Westview Ground Lease on the same terms that RIOC extended the Island House Ground Lease.
I asked the residents from the Westview Task Force for comment as well but have received no reply yet.

Here's information on the Island House conversion and ground lease extension cited by Mr. Hirshhorn