New York governor Kathy Hochul and New York City mayor Eric Adams have revealed the master plan of the Science Park and Research Campus (SPARC) in Kips Bay.

The new hub will comprise a life sciences job and education centre.

This master plan comes almost a year after SPARC Kips Bay was originally announced. It reveals key project details such as the new site's plan and conceptual design, a new model for education and job training pipelines, and updated economic impact projections.

The project is estimated to generate more than 15,000 jobs and $42bn in economic effect.

Hochul said: “The SPARC Kips Bay Master Plan is New York’s roadmap to establishing a hub for innovation, job growth, and education in the life sciences right in the heart of Manhattan.

“SPARC Kips Bay will help to build on state-wide efforts like New York’s transformative Life Science Initiative to grow 21st-century businesses and jobs and ensure that the future of medicine starts in New York.”

Along with the master plan, affiliated officials established a new community task force to shape and steer the project’s vision. They issued a request for proposals for designers to work on important public space, community infrastructure, and a pedestrian bridge for the project’s first phase.

Adams said: “This campus will bridge the next generation to the future, taking New York City students of today directly into the economy of tomorrow with higher education opportunities through our academic partners at CUNY and internships in every level.

"Through true community engagement and public-private partnership to shape this project, the possibilities are endless for all New Yorkers.”