It's been 15 years since Vornado Realty Trust was chosen by the New York City Economic Development Corp. (NYEDC) to redevelop trade show space on Pier 94 on Manhattan's West Side.

The project as planned was going to create about 355K SF of exhibition space that would include and expansion of the existing facility between West 52 Street and West 54th Street onto neighboring Pier 92.

Now, the long-delayed plans are changing. Earlier this year, Vornado paused rent payments on Pier 92 after it was determined that the aging pier is structurally unsound.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.