The Real Deal New York

Google officially inks 15-year lease deal for Pier 57

Search giant grabs 250K sf; Anthony Bourdain will soon finalize lease

December 26, 2015 09:00AM


Rendering of Pier 57 on the Hudson River (credit: SuperPier) (inset: Sergey Brin and Larry Page)

The “SuperPier” officially has its anchor: Google signed a 15-year lease for 250,000-square-feet with Pier 57 development team Youngwoo & Associates LLC and RXR Realty on Friday.

In addition, chef and television personality Anthony Bourdain is close to inking a deal for his 155,000-square-foot international marketplace on the Meatpacking District pier, the Wall Street Journal reported.

Bourdain’s “Asian night market” on the pier’s main concourse and mezzanine will boast around 100 culinary vendors, the New York Times reported earlier this year.

The transformation of the former freight terminal and bus depot in Hudson River Park has banked on commercial tenants gravitating toward 24/7 neighborhoods and high demand for work space in the Midtown South office market.

“If you think about Midtown South, where are you going to get 250,000-square-feet of space, unique, big floor plates, incredible views…a marketplace, parks where you can sit outside?” RXR Realty CEO Scott Rechler told the Journal.

RXR and Young Woo agreed a 97-year ground lease with the Hudson River Park Trust for the property. The $350 million redevelopment is slated to cover 480,000-square-feet of office and retail space.

The Trust’s board still needs to vote to approve the lease. Earlier this month, Gov. Andrew Cuomo gave the thumb’s up for the project, green-lighting state approval.

The pier’s revamp will also include adding two mezzanine floors and a roughly 80,000-square-foot rooftop public park. [WSJ] — TRD