High Line preservation may run $117M

TRD NEW YORK /
Jun.June 11, 2007 12:00 AM

A report prepared by Tishman Construction for the Durst Organization says that preserving the northern portion of the High Line will cost $117 million. The northern section of the elevated rail line will be sold by the MTA along with the rest of the 33-acre Hudson Yards site on the far West Side of Manhattan, and several developers are currently preparing to bid on the property. Thus, developers who bid on the land will have to take the projected cost into account in what amounts to something of a Catch-22 for the site’s buyer: A developer who plans a project for Hudson Yards that includes a teardown of the High Line will likely face fierce criticism from preservationists, but a developer who decides to keep the section of the High Line intact so that it connects to the rest of the future High Line Park will have to pay a hefty sum. more [Crain’s]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

CBRE CEO Robert Sulentic (Credit: Getty Images, iStock)

CBRE plans cuts to NYC tech team

Joe Moinian and 90 Washington Street (Credit: Google Maps, iStock)

Moinian sued for charging market-rate rents despite tax break

An illustration of Chairman of Starwood Capital Group Barry Sternlicht (Credit: iStock)

Sternlicht on retail’s woes: Tenants have done “incredibly shitty job” running stores

Clockwise from the bottom: Judge Arthur Engoron, JDS Development’s Michael Stern, L&M’s Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)

Judge deals another blow to Two Bridges towers

RFR Realty's Aby Rosen, 900 Third Avenue, and Paramount's Albert behler (Credit: Getty Images, Google Maps)

Aby Rosen in talks to buy Paramount’s East Side tower for $400M

arrow_forward_ios
Loading...