The city’s Economic Development Corporation has requested proposals to develop the property at 124 East 14th Street, between 3rd and 4th Avenues in Union Square, according to Crain’s. Currently, a two-story commercial building housing a P.C. Richard & Son appliance store occupies the property. The site, however, boasts the potential for 140,000 square feet of residential development or 93,000 square feet of commercial development rights. The city is aiming to have an office building constructed, but the project could end up being residential or mixed-use. Existing retail leases in the building expire in February of next year, the same time proposals are due.
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