Trust for Governors Island Opens Bidding to Repurpose Historic Military Structures

The Trust for Governors Island has officially launched a search for developers to breathe new life into two long-vacant military buildings. The initiative, announced Thursday, invites proposals to convert the structures into arts, cultural, or public recreation hubs, marking another step in the island’s ongoing transition into a year-round destination.

The two properties included in the request are Building 324 and Building 330. Building 324, a 26,000-square-foot Neo-Georgian brick structure completed in 1926, formerly served as the Army YMCA. Historically, the site provided service members with squash courts, an indoor pool, and a large auditorium. The Trust is currently overseeing a $7 million investment to stabilize the building’s structural elements and envelope in anticipation of its future use.

Also included in the solicitation is Building 330, known as the Fort Jay Theatre. Constructed in 1937, the 10,000-square-foot theater retains significant Art Deco architectural details, including a distinctive proscenium and high ceilings. While the building has been used sporadically for performances and exhibitions since the Coast Guard vacated the island in 1996, it remains largely preserved, complete with its original seating and a columned entrance portico.

According to the Trust, interested parties may submit proposals for either or both buildings. Plans are encouraged to incorporate outdoor space, such as entry plazas or public-facing programming areas, to enhance the indoor facilities. Any successful development must adhere to the Trust’s sustainability guidelines, which include a mandate for full-building electrification.

Clare Newman, president and CEO of the Trust for Governors Island, described the buildings as historic cultural anchors. She stated that the organization is looking for visionary partners to transform the properties into vibrant, accessible spaces for the public.

To assist potential respondents, the Trust has scheduled a series of virtual information sessions on August 5 and August 19, 2026. Additionally, site visits are slated for August 12, August 26, and September 9. Written inquiries regarding the request must be submitted by September 16, with final proposals due by October 26, 2026.

This effort follows several other redevelopment projects on the island, including the upcoming restoration of the 19th-century Building 140 and the development of a climate change research campus designed by Skidmore, Owings & Merrill.