Wednesday, August 29, 2012
CUNY wants to enter hotel business
The City University of New York has retained Cushman & Wakefield Inc. to help the school determine if it should proceed with a plan to build a hotel in Long Island City, Queens in order to expand its hospitality program.
The school said the assessment should be completed some time this fall. In January, CUNY began looking for a consultant to help the school evaluate a 91,000-square-foot lot it owns at 28-02 Skillman Ave. for potential hotel use. The property is part of CUNY's LaGuardia Community College campus. Cushman & Wakefield is working with a number of other CUNY colleges that offer hospitality and tourism programs, including New York City College of Technology and Kingsborough Community College, to evaluate the development project.
The lot under evaluation is bounded by Skillman Avenue to the north, 29th Street to the east, 47th Avenue to the south and 28th Street to the west. It has been owned by CUNY since LaGuardia Community College was founded in 1971 and is ripe for development. The property is currently zoned for up to a 600,000-square-foot development, but the school said it does not plan to build to the maximum size. If built, the hotel will be linked to a new hospitality program at LaGuardia.