Oct. 23, 2014 By Capital New York
Amtrak is considering developing Sunnyside Yards in Queens as part of a nationwide evaluation of its real estate portfolio and could turn to investors as early as next spring to find partners willing to explore potential uses for those properties, the company’s chairman, Anthony Coscia, said Thursday.
Executives have been in talks with the de Blasio and Cuomo administrations about the site, Coscia told reporters at a global real estate conference at the Jacob Javits Convention Center in Manhattan. Coscia mentioned the plans during a panel discussion moderated by former deputy mayor Dan Doctoroff.
The Sunnyside Yards is one the largest undeveloped parcels in New York City and holds virtually limitless potential to developers willing to build a platform above the tracks. Planners have long dreamed about what could be built on the property, which remains an active rail yard used by several train companies.