Battery Park City Authority | State of New York Awards Facilities Contract to Brookfield Properties (December 2025)
Battery Park City Authority | State of New YorkState · New York, NY- Disclosed value
- $32.6 million upfront payment; approximately $1.9 billion estimated total rent through 2119
- From minutes
- Approved
- Dec 10, 2025
- Term
- Lease terms extended from 2069 to 2119
- Renews
- Free account
The 30-second brief
The Battery Park City Authority approved Amended and Restated ground leases with Brookfield Properties for Brookfield Place, extending the terms from 2069 to 2119. The leases include a $32.6 million upfront payment and are projected to generate about $1.9 billion in rent over the extended term under new performance-based and fixed rent structures.
Brookfield Properties holds this facilities contract with Battery Park City Authority | State of New York. Its other public contracts on record include work for City of New Westminster and City of Margate.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
Get pre-RFPs for work like this before the bid is out.
Get pre-RFP alerts freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Facilities
- Amount
- $32.6 million upfront payment; approximately $1.9 billion estimated total rent through 2119
- Document date
- December 10, 2025
- Term
- Lease terms extended from 2069 to 2119
- Renews
- On record
- Vendor
- Brookfield Properties
- Source document
- Hugh L. Carey Battery Park City Authority Minutes Meeting of the Members 2025-12-10 (Minutes)
Brookfield Properties's other public contracts
More Battery Park City Authority | State of New York contracts
Questions about this contract
Who was awarded the facilities contract by Battery Park City Authority | State of New York?
Brookfield Properties was awarded this facilities contract by Battery Park City Authority | State of New York, as recorded on December 10, 2025. The contract value is $32.6 million upfront payment; approximately $1.9 billion estimated total rent through 2119.
How much is the Brookfield Properties contract with Battery Park City Authority | State of New York worth?
The Brookfield Properties contract with Battery Park City Authority | State of New York is valued at $32.6 million upfront payment; approximately $1.9 billion estimated total rent through 2119, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Hugh L. Carey Battery Park City Authority Minutes Meeting of the Members 2025-12-10 (Minutes), dated December 10, 2025 from Battery Park City Authority | State of New York. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Brookfield Properties hold?
Brookfield Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Battery Park City Authority | State of New York currently buying?
Explore Battery Park City Authority | State of New York's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.