Pier 57 Gets New Proposals for Development

NEW YORK CITY-In a response to a request for proposals issued by the Hudson River Park Trust in July of this year, three development teams have submitted proposals for the redevelopment of Pier 57, a city bus garage until 2003. The site is one of two sites that are available for private commercial development on Manhattan’s Westside waterfront south of 59th Street.

The HRPT is the not-for-profit entity that is responsible for the design, construction, maintenance and operation of the 550-acre waterfront park in which Pier 57 is located. Proposals were received from the Durst Organization and C&K Properties; Related Cos.; and from Young Woo & Associates.

Located on the Hudson River at 15th Street, Pier 57 contains approximately 300,000 sf of built space. Through the RFP, HRPT sought proposals from developers that are consistent with the Hudson River Park Act which allows this historic pier to be reused for revenue generating commercial facilities that enhance the park. HRPT is now reviewing the three proposals to determine their compliance with the criteria spelled out in the RFP, including: compatibility of proposed uses with the park; capacity of the development team to complete the project; the design of the project, including its respect for the historic structure; and the financial feasibility of the project.