George Washington Bridge bus station to get $183M renovation

New York /
Jul.July 27, 2011 09:38 AM

A long-delayed plan to refurbish and expand the 294,000-square-foot George Washingon Bridge bus station at 4211 Broadway in Upper Manhattan is back on track, the New York Times reported, with the Port Authority of New York & New Jersey voting to proceed with a $183.2 million renovation.

The Port Authority has teamed up with principals from Palm Beach, Fla.-based SJM Partners and New York’s Slayton Equities. Together, the team will manage the space for 99 years under the terms of a lease signed July 21. The Port Authority will give $83.2 million toward the renovation project while the developers will contribute $100 million.

“There’s been a long time when we’ve wondered, how do you transform what’s really just plastic unappealing space?” said Christopher Ward, the executive director of the Port Authority. “The challenge is, the industrial architecture of 1960s transportation facilities does not always lend itself to a modern retail world.”

The renovation will quadruple the retail space at the station to 120,000 square feet and increase the number of gates to 22 from 17, to help alleviate crowding, the Times said.

The renovation is slated to start in 2012 and be completed by spring 2013. Previous plans for renovations were shelved as a result of the financial crisis. [NYT]


Related Articles

arrow_forward_ios
CBRE CEO Robert Sulentic and One World Trade Center (CBRE, iStock)
Port Authority taps CBRE to manage WTC
Port Authority taps CBRE to manage WTC
Silverstein Properties’ Larry Silverstein and Brookfield’s Brian Kingston (Getty/Illustration by Kevin Rebong for The Real Deal)
Port Authority taps Silverstein, Brookfield to build 5WTC
Port Authority taps Silverstein, Brookfield to build 5WTC
Douglas Durst of the Durst Organization, Port Authority Executive Director Rick Cotton, and Conde Nast CEO Roger Lynch. (Getty)
Condé Nast isn’t paying rent at 1WTC amid lease dispute
Condé Nast isn’t paying rent at 1WTC amid lease dispute
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
TRD's Erik Enguist and Port Authority's Rick Cotton
Port Authority, out $3B, has waterfront land to sell
Port Authority, out $3B, has waterfront land to sell
TRD's Erik Enguist and Port Authority's Rick Cotton
Can the Port Authority bring NYC back? Tune in to TRD Talks Wednesday
Can the Port Authority bring NYC back? Tune in to TRD Talks Wednesday
Port Authority Bus Terminal and AECOM CEO Troy Rudd (Roger Rowlett via Wikipedia; AECOM)
“Worst place on earth” may be buried underground
“Worst place on earth” may be buried underground
Anna Wintour of Condé Nast, One World Trade Center and Douglas Durst (Wintour by Dia Dipasupil/Getty Images; 1WTC via iStock; Durst by Patrick McMullan via Getty Images)
Condé Nast wants out at 1WTC. Durst may not be OK with that
Condé Nast wants out at 1WTC. Durst may not be OK with that
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...