New Building to Be Home for the Health Department

Summary


"I'm so pleased we finally got here," said Deputy Mayor Robert C. Lieber. "I think this is going to be huge for Long Island City. Hopefully, it will bring a vibrancy and more people to the area and catalyze the development" of more retail and service businesses.

Tishman Speyer obtained financing from Wells Fargo for the Long Island City building, which will be occupied solely by the health department under a 20-year lease. The city comptroller, William C. Thompson Jr., said on Thursday that two municipal pension funds were also investing a total of $18.6 million as part of an ongoing agreement with Tishman Speyer to back some of Tishman's New York projects. He said the deal had benefited the city and the pension funds.

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New Building to Be Home for the Health Department

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The Bloomberg administration and Tishman Speyer Properties have struck a deal to move t...

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