$27M redevelopment proposed for Hudson Square

October 10, 2012 05:30PM

Hudson Square Connection, a business improvement district, today proposed a $27 million redevelopment of the property at the mouth the Holland Tunnel downtown, Crain’s reported. The proposal seeks to develop more green space and a pedestrian haven for the underutilized space in the Hudson Square neighborhood.

The group said the work would last for five years and would take transform the space by adding trees, public seating and walkways. The BID hopes that the redevelopment will attract the likes of retailers and improve the safety of street crossings.

The bulk of the land in this neighborhood, located in between Soho, Tribeca and the Greenwich Village, is under the control of Trinity Church, which has proposed revised mixed-use zoning — allowing for more open space, homes and schools nearby. The plan is undergoing a seven-month-long public review. As it stands, the area is zoned for manufacturing. [Crain’s]