New York City Mayor Bill de Blasio has unveiled renderings for a massive tech center called the Union Square Tech Hub.
Announced on Friday, the center will house various tech companies, workspaces, events and a tech-focused training center.
It will be located at the current P.C. Richard & Sons location on East 14th Street, eventually replacing the appliance store with a 258,000-square-foot facility.
The project is being developed by premier real estate developer RAL Development Services at a projected cost of $250 million.
Designed by U.S. architectural firm Davis Brody Bond, the hub will be home to a food hall, 36,500 ft² of training space, 58,000 ft² of adaptable workspace (geared towards growth-stage tech companies) and a coworking center called Civic Hall.
“Welcome to Civic Hall, a one-of-a-kind collaboration center for the world’s civic innovators. We are a community space where social entrepreneurs, change-makers, government employees, hackers, academics, journalists, and artists can share knowledge, build tools, and solve problems together,” proclaims Civic Hall’s site.
There are several tech centers throughout New York City, but the Union Square Tech Hub will be NYC’s first official tech hub, comprised of myriad spaces catering specifically to the tech community.
As stated by Mayor Bill de Blasio in a Facebook post, “The Union Square Tech Hub will be a place where New Yorkers can create and grow businesses and get the skills they need for good-paying jobs. The tech community is responsible for 300,000 jobs in New York City – that’s a number we want to grow, particularly with local talent.”
“A graduate of our tech talent pipeline can make $65,000 a year on average. That’s a salary you can build a life on for yourself and your family. We are investing in jobs that will make life better and fairer for all, because this is your city,” he continued.
Union Square Tech Hub will reportedly create 600 tech industry positions and 800 construction jobs.
Currently, a specific date for the center’s grand opening hasn’t been released yet.