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When the city began its search for developers of a site in the Meatpacking District, the request for proposals encouraged inclusion of an “emerging developer.” Such a developer, the RFP described, had completed fewer than 10 projects in the past decade, each with fewer than 150 residential units, no more than 100,000 square feet and a cost below $30 million.  Still, the developer couldn’t be completely green; they needed some experience finishing projects in New York City or other urban areas. An emerging developer wasn’t a requirement of the project application, but prioritizing a more diverse applicant pool was part […]

This article originally appeared on The Real Deal. Click here to read the full story.

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