A new 254,000-square-foot project, steps from Union Square and scheduled to break ground in 2018, could change all that. Dubbed 14th @ Irving, it will feature classrooms and meeting spaces on the lower floors and flexible office space, designed for early-stage companies, spread across a dozen higher floors. At street level, there will be a food hall for New York-based startup vendors, managed by Urbanspace.
For Deputy Mayor Alicia Glen, who oversees housing and economic development in the city, the $250 million project is an opportunity to create a central convening point for technology training and networking, open to all, and at the same time help young companies. "We’re really focused on space, we’re really focused on talent," she says, during an interview at her City Hall office. "That is the number-one thing I hear from business leaders: We simply don’t have enough human beings to fill those jobs."
Through partnerships, the city has made modest progress in training New Yorkers for those jobs. With 14th @ Irving, it will be able to accelerate that effort. "There are a lot great kids at Harvard, but there are really great kids at Queens College," Glen says. "If we can make sure [local students] have not just technical skills, but can get in the door at Etsy, at Goldman, at Facebook—they’re going to perform." Investments like this development, she argues, "are not only good for business but good for the kids who are here and deserve a chance."
14th @ Irving will open its doors in 2020, following two years of construction, if all goes according to plan.