SPARC Kips Bay will continue a legacy of successful public-private partnerships to help New York grow its life sciences industry. Over the next year, the city and NYCEDC, in conjunction with the state and CUNY, will conduct a master planning process that will culminate in a conceptual site plan that will identify the site’s infrastructure needs, massing of buildings, open space and urban design, and potential zoning changes and other rights necessary to implement the project. The planning process will be informed by community engagement and subject matter experts, and supported by architecture, planning and engineering firm Skidmore, Owings & Merrill.
This public-private partnership underscores Governor Hochul’s commitment to driving growth and innovation in New York’s healthcare and life sciences sectors. Governor Continues to Move New York State Forward $620 million life sciences initiative to fuel the creation of cutting-edge healthcare solutions and increase the state’s ability to commercialize research. The initiative includes a $40 million New York State Biodefense Commercialization Fund created in response to the COVID-19 pandemic to capitalize on New York’s research and development assets and expertise.
Separately, Governor Hochul awarded the first $350 million Long Island Capital Fund grant to the Feinstein Institutes for Medical Research and plans to launch a $50 million life sciences business plan competition. dollars through the Fund in the coming weeks. The Governor also worked with the State Legislature to secure a record $2.2 billion for CUNY and SUNY school capital improvements and an additional $500 million for operating expenditures in the part of this year’s budget. And in August, the governor launched a $1.3 billion bonus program for healthcare and mental hygiene workers to recruit and retain top talent for New York’s healthcare industry.
SPARC Kips Bay is expected to cost $1.6 billion and will be jointly funded by the city and state with additional private investment. SPARC Kips Bay is scheduled to begin in 2026 and be completed by the end of 2031.
Representative Carolyn Maloney said: “For years, this community has advocated for a major life sciences center at this site, and I’m thrilled that day has finally come. There’s no better place to set up a cutting-edge educational campus in life sciences with some of the best medical schools, public hospitals and research centers nearby If we are to continue to be national leaders in the health professions, we need to make these types of investments and create the pipelines that bring New Yorker talent in the healthcare industry.”
Assemblyman Richard Gottfried said: “This effort will strengthen health care and career opportunities in New York, especially in combination with the expansion of the Diversity in Medicine program in New York. It is also a significant investment in public education and public higher education.
New York City Council Member Keith Powers said: “After years of uncertainty about the future of Brookdale, today represents a great opportunity for New York City. It is essential that our city continues to be a leader in life sciences and that our next generation is ready to lead cutting-edge industries. process continues, I look forward to receiving public feedback, reviewing this proposal with my colleagues, and having important conversations with the community. »
1199SEIU United Healthcare Workers East President George Gresham said: “Life sciences are vital to the future of health care, jobs, and a growing economy. New York City has the resources to be a global hub for medical research and training from cutting edge that will be a boon to good, union jobs and economic growth throughout the region CUNY is integral to training tomorrow’s healthcare workers and where many 1199SEIU members study, supported by our Fund We look forward to continuing to work with Mayor Adams and Governor Hochul on this initiative that will strengthen the delivery of health care in New York City.
Greater New York City Building and Construction Trades Council Chairman Gary LaBarbera said: “As New York continues to emerge from the pandemic, it is crucial to continue investing in critical development projects that not only improve our healthcare and life sciences infrastructure, but also create thousands of jobs. well paid and career opportunities for our working class members. new public health and education center in Kips Bay is another project that will make New York a leader in life sciences and health care and provide accessible middle-class career paths to New Yorkers. Hard-working Yorkers. We commend Mayor Adams and Governor Hochul for their continued commitment to advancing these initiatives that allow our city to come back stronger and dramatically improve the lives of all New Yorkers.”
LEXEO Therapeutics CEO R. Noland Townsend said: “As CEO of a New York-based biotechnology company, I am thrilled to see this landmark investment which is expected to further catalyze the growth of the life sciences sector in the city. Importantly, the ongoing collaboration industry, academic and government players has been essential in facilitating this acceleration of the pace and commitment to building and growing the life sciences sector in New York City.”
NewYorkBIO CEO Jennifer Hawks Bland said: “Stimulating innovation and supporting the development and growth of New York State’s life sciences industry is central to our mission. Mayor Adams and Governor Hochul’s partnership in SPARC Kips Bay is an unprecedented collaborative investment in advancing education and career paths for this vital industry. This investment will capitalize on New York’s position as a leader in life sciences and a home of scientific excellence, paving the way for tremendous growth in talent and, ultimately, start-ups and businesses.
Manhattan Community Board 6 President Kyle Athayde said: “Manhattan Community Board 6 has long advocated for a modernization of the Brookdale site and is thrilled that our leaders are heeding our calls and proceeding in a new and forward-looking way. We thank Governor Hochul, Mayor Adams, Chancellor Matos Rodríguez and President Raab for advancing and funding a plan that sets up Manhattan Community District 6 to lead the life sciences industry and thrive in the 21st century. Community Board 6 is also pleased to see that the plan includes some community improvements, which we have advocated for over the years, such as an ADA-accessible pedestrian bridge over FDR Drive to Waterside Plaza.Community Council 6 looks forward to actively engaging with our government partners during the planning process ahead.
Albert and Mary Lasker Foundation Co-Chair, Mayor’s Life Sciences Advisory Council and President Claire Pomeroy said: “We congratulate Governor Hochul and Mayor Adams on this historic announcement. The new SPARC Kips Bay is an essential and inspiring investment for current and future generations of scientists, clinicians and public servants whose work advances the health of our community. of New York City and people around the world. As Co-Chair of the Mayor’s Life Sciences Advisory Council, I am thrilled to support this new hub of education, skills training and innovation.
Lewis Thomas University Professor of Medicine, Weill Cornell Medicine, Mayor Harold Varmus Life Sciences Advisory Council said: “Today’s announcement by the Mayor and Governor is very welcome news for those of us who have advised NYCEDC on its multiple plans to encourage the expansion of life sciences companies in the city through capital investment, property development and nurturing local talent. Much progress has already been made and the new plans are expected to accelerate the pace of future development.”
Partnership Fund for New York City President and CEO Maria Gotsch said: “This new research center will accelerate the growth of life sciences in New York and create an expanded center in Kips Bay, currently anchored by the Alexandria Center. Thanks to significant public and private sector investment, life sciences have become a bright spot in our city’s economy – creating thousands of jobs and attracting millions of additional dollars in private sector investment. . The campus will also enhance the skills training and workforce development initiatives needed to close the skills gap and create a pipeline of life science talent. We thank Mayor Adams and Governor Hochul for their continued support of the industry.”
Village of Stuyvesant Town-Peter Cooper Tenant Association President Susan Steinberg said: “We are thrilled that the New York State-New York City partnership will use the Brookdale site to expand the existing health and biosciences corridor between 23rd Street and 34th Street. We look forward to this collaboration. for education, training and medical services that will benefit the community.
Waterside Tenants Association President Janet Handal said: “The Waterside Tenants Association is very pleased to learn of plans for the redevelopment of the Hunter Brookdale campus, which will bring a new secondary and vocational education program to the community and high quality jobs. We are especially pleased that a new program in line with at the ADA A walkway connecting Waterside to 25th Street will be constructed as part of the project.We look forward to working with NYCEDC on the community planning process to ensure community concerns and needs are incorporated into the plan. director.