A $250 million office space is vying to be the future home for New York’s startup culture

Three years might as well be 50 in startup land. It’s hard to say precisely where New York City’s tech community will be by the time 2020 rolls around, but living in the Big Apple certainly doesn’t look to be getting any easier for recent grads looking to make a name for itself.

As Fast Company notes in a new profile on the upcoming 14th @ Irving workspace, the whole “Silicon Alley” concept has been nebulous one at best in a city that hasn’t traditionally be the most accommodating to news businesses.

But the $250 million, 254,000-square-foot project could, at very least offer a sort of hub as New York looks to further open itself to startups. Set to start construction in 2018, the building will occupy the building just east of Union Square that currently houses the electronics store PC Richards & Son, which itself will trim some fat and retreat into the building’s basement.

The space will sport classrooms and meeting rooms for startups on the lower levels, coupled with an Urbanspace-managed food court populated by startup food vendors. The upper levels, meanwhile, will be devoted to office space for fledgling companies.

Here’s the city’s Deputy Mayor, Alicia Glen, on the project, “There are a lot great kids at Harvard, but there are really great kids at Queens College. If we can make sure [local students] have not just technical skills, but can get in the door at Etsy, at Goldman, at Facebook—they’re going to perform.”