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RXR Climbs Aboard Pier 57 Project

NEW YORK CITY—Joining forces with the retail and events hub's initial developer, Youngwoo & Associates, RXR is drastically revamping the complex's plans.

By Rayna Katz | Updated on September 17, 2014

NEW YORK CITY—Gaining RXR Realty as a joint venture partner, developer Youngwoo & Associates—the company that won the right to redevelop Pier 57 into a retail and events hub along 12th avenue—has reached a deal to build more of the complex as office space, according to Crain’s New York Business. RXR plans to convert 200,000 to 300,000 square feet of the pier space to office use, allowing it to jump on the increased interest in the area on the part of tenants.

“Being right out on the Hudson River, it is among the most unique spaces in the city and exactly the kind of environment, with open layouts, high ceilings, amenities and public space, where tenants want to be,” says Scott Rechler, RXR’s chief executive.

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