The Real Deal New York

Posts Tagged ‘Pier 57’

  • superpier

    From left: Young Woo, SuperPier rendering and Robert De Niro

    Young Woo & Associates, the developer planning to turn the historic Pier 57 into a cultural hub and creative center to be called SuperPier, faces a $100 million lawsuit over allegedly backing out of a deal to bring the Tribeca Film Festival to the project. [more]

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  • From left: Lee Schrager, Piers 92-4 and Pier 57

    From left: NYCWFF’s Lee Schrager, Piers 92-4 and Pier 57

    The New York City Wine & Food Festival, after five cramped years in the Meatpacking District, is plunking down its Annabelle the Cow sculpture and delectable delights on Vornado Realty Trust’s Piers 92 and 94 between West 53rd and West 55th streets. [more]

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  • From left: Young Woo, a rendering of SuperPier (Credit: Pandiscio Co. / QuickHoney) and Andre Balazs

    From left: Young Woo, a rendering of SuperPier (Credit: Pandiscio/ QuickHoney) and Andre Balazs

    Updated, 11:25 a.m., Sept. 4: Pier 57 has a new name — SuperPier — and its first three tenants, the project’s’ developer announced today. Youngwoo & Associates now can count on hotelier Andre Balazs, a rock climbing gym and a fashion retailer taking up a large chunk of the 270,000-square foot site. Balazs, of the Standard Hotel fame, will operate a nearly 30,000-square-foot  beach club, a spokesperson for Youngwoo told The Real Deal. [more]

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  • Pier 57 (Photo by Billy Farrell Agency)

    Pier 57 (Credit: Billy Farrell Agency)

    When the bidding for Pier 57 kicked off in the early 2000s, developer Young Woo wasn’t quite ready to commit to the mammoth 480,000-square-foot project. But he’s been fascinated by the structure for a long time, he said, and when the city put it back on the market in 2009, though Woo was up against the Durst Organization and the Related Companies, he wasn’t going to miss his shot. [more]

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  • A rendering of Pier 57

    Updated, 12:51 p.m., May 24: At least five retailers will open stores at Pier 57’s 19,000-square-foot headhouse after Memorial Day, the project’s developer Young Woo & Associates announced at an International Council of Shopping Center‘s RECon 2013 event attended by Crain’s.

    The pop-up shops set to open include: coffee shop Cold Process, Nolita-based fresh juice bar Butcher’s Daughter, Gowanus-based eatery Fletcher’s BBQ, shoe retailer Soludos and design firm Grey Area. The headhouse is part of a 440,000-square-foot building on the pier next to Hudson River Park that Young Woo recently won the right to convert into a shopping center and cultural hub. [more]

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  • From left: Young Woo, City Council Speaker Christine Quinn and a Pier 57 rendering (courtesy Young Woo & Associates)

    UPDATED, 5:01 p.m., April 9: The City Council today unanimously approved Young Woo & Associates’ plan to transform Pier 57, a historic pier located at 14th Street and the Hudson River, into a cultural hub and creative center. [more]

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  • Pier 57 rendering

    Manhattan Community Board 4 is set to support the planned transformation of Pier 57 into a retail hub on the Hudson River, DNAinfo reported. Located on the waterfront between West 16th and West 17th streets, the current bus depot would become a space hosting about 260,000 square feet of restaurants and retail built inside recycled shipping containers.

    The board is set to vote today on whether to send a letter supporting the project to the City Planning Commission, which will also have a say on whether the proposal goes ahead. “The redevelopment of Pier 57 is a crucial element in the ongoing revitalization of Hudson River Park,” the community board members wrote in the draft letter. [more]

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  • Youngwoo & Associates’ plan to transform Pier 57, a 900-foot Hudson River pier near the Meatpacking District, into a retail and recreation complex is entering the city’s land use approval process, the Wall Street Journal reported.

    The plan, which has been received more favorably by the city than previous proposals, includes almost 300,000 square feet of markets, restaurants and other commercial space, the Journal said.

    In order to proceed, Youngwoo must also sign enough commercial leases to put together a private financing package for the project, the Journal said. [WSJ][more]

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  • The Hudson River Park Trust unveiled detailed plans for the $210 million renovation of Pier 57, off West 15th Street, DNAinfo reported. The plan includes 375,000 square feet of space devoted to a two-floor public marketplace, a two-acre rooftop open space and a 115-slip marina designed by Handel Architects, Lot-Ek and others. The project is being developed by Youngwoo & Associates, which first earned the contract in July 2009 and hatched the current plan for the site a month later (note: correction appended). … [more]

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  • Madelyn Wils, executive vice president of the New York City Economic Development Corporation, is leaving her role at EDC to become president and chief executive of Hudson River Park Trust, a body that manages public lands along the river below 59th Street, according to the New York Times.

    In her new position, Wils will be charged with increasing revenue from waterfront properties to fund the continued development of piers along the river. So far, the trust has spent approximately $400 million in development costs to revive maritime buildings and convert them into recreational spaces. Its managers are regularly frustrated with community oppositions to the projects, including at Pier 57, where they were forced to scrap various proposals. … [more]

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  • Youngwoo & Associates, the development group selected to design and build the Pier 57 site at 15th Street and the Hudson River, has a tall task ahead of it. Since being awarded the project in August, Greg Carney, chief investment officer at Youngwoo, says the group has been working hard to craft a lasting development on the Far West Side, a region already crowded with popular project like the High Line. Youngwoo, which beat out the Durst Organization and Related Companies in the bidding process, currently is working to attract vendors and other businesses to work on the Pier 57 development, Carney told Black Swan Media. “We are fully geared up on the pre-development process,” Carney said. “We’re taking out the rest of the spaces to the market and trying to refine the concept and refine the design and start to fill out the rest of the space.”

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  • New Pier 57 details emerge

    August 11, 2009 10:38AM

    Now that Youngwoo & Associates has been tapped for the Pier 57 project, new details are emerging about how that long-vacant space will be used. The $210 million project will include a rooftop garden, cafes, an auction house, art galleries and an art library. The designers’ plan favors an environmentally friendly approach to land development, incorporating recycled materials into the center, Greg Carney, a Youngwoo partner, said. He explained that the Pier 57 plan follows the cultural moves cultivated in some of Manhattan’s trendier neighborhoods. “We saw a real opportunity to extend what is happening in the Meatpacking District and West Chelsea,” Carney said. “It’s an extension essentially of 15th Street to create a city street environment in the pier structure.”

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  • Youngwoo & Associates won development rights yesterday for Pier 57 with a plan that calls for a concert venue, galleries and an auction house in one 375,000-square-foot building at the pier. Youngwoo had been widely expected to win the contract. The developer’s two competitors, the Related Companies and the Durst Organization, had reportedly decided the project was no longer feasible because of the frozen credit markets. Under Youngwoo’s plan, the Tribeca Film Festival will establish a permanent venue at the pier, and the space will also host a 170,000-square-foot public market. … [more]

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  • The board of the Hudson River Park Trust was slated to announce today which developer it has selected for a renovation plan at Pier 57. The project aims to install cultural attractions in a 375,000-square-foot building that occupies the entire pier. One developer, Youngwoo and Associates, has garnered massive support from the community. Manhattan Community Board 4 voted in favor of Youngwoo’s proposal, which includes plans for a concert venue, galleries and an auction house.

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