- REAL ESTATE EDUCATION
- GIVING BACK
Real Estate Board of New York Testimony before the City Planning Commission on the TWA Flight Center Hotel at JFK Airport
February 24, 2016
The Real Estate Board of New York, Inc. (REBNY) is a broadly based trade association with 17,000 owners, developers, brokers, managers and real estate professionals active throughout New York City. We support the TWA Flight Center Hotel at JFK Airport.
This project will preserve the iconic TWA Terminal, designed by the noted architect Eero Saarinen, which opened in 1962; it will rehabilitate the national landmark and include an innovative museum focusing on New York as the birthplace of the Jet Age, on the storied history of TWA, and on the Midcentury Modern design movement.
The project will ensure this center remains an architectural treasure that honors our aviation history and will help modernize the transit hub with important upgrades necessary for growth and economic success.
In addition, it will deliver a world-class hotel to New York that is LEED-certified. The new TWA Flight Center Hotel will continue to help New York City grow and thrive as an important global hub of commerce and tourism, will add to the growing supply of hotel rooms and will demonstrate that the market can provide for full service hotels where there is a clear need for such facilities.
The redevelopment plan will be part of a public-private partnership between MCR Development, JetBlue, and the Port Authority of New York and New Jersey. It will be union built and operated, delivering more than 3,700 construction and permanent jobs.
MCR Development’s project is setting a leading example for how New York can balance economic growth with preservation-sensitive development.
We offer our support for this ULURP application for the many benefits it brings to the airport, the City’s historic property and to the construction and permanent jobs this investment will create.