Notice Details

DOT’s Office of Cityscape & Franchises has awarded a License Agreement (“License”), pursuant to Section 1-13 of the Concession Rules of the City of New York, to Three Brother’s Baking at Pier 11, Inc (“Concessionaire”), whose address is 11 Evan Drive, Morganville, NJ 07751 for the operation, management, and maintenance of a food, beverage, and/or merchandise concession at a designated area of Pier 11. The term of the License will provide for one (1) five (5)-year term, commencing upon written Notice to Proceed, with one (1) four (4)-year renewal options, exercisable at the sole discretion of DOT. Compensation to the City will be an annual fee with a 5% increase each year, per the schedule below:

Year 1: $122,400
Year 2: $128, 520
Year 3: $134,946
Year 4: $141,693
Year 5: $148,778
Option Year 1: $156,217
Option Year 2: $164,028
Option Year 3: $172,229
Option Year 4: $180,841