City to fund $10 million maritime center on Pier 26

Port Authority to contribute $5 million, state an additional $4.75 million

TRD New York /
Apr.April 18, 2014 04:45 PM

The city has secured $10 million in state funds from a trio of agencies to build a stalled maritime education and research center on the Hudson River in Lower Manhattan.

The state-of-the-art so-called “estuarium” will sit on Pier 26, just south of the Holland Tunnel in Tribeca, between Hubert and North Moore streets.

The Port Authority of New York and New Jersey will reportedly contribute $5 million and the state’s Department of Environmental Conservation will shell out an additional $4.75 million to build the 10,000- to 12,000-square-foot facility. Additionally, the Department of State has agreed to match $335,000 in design and planning funds, the article said.

The state will soon issue a request for expressions of interest for a group to build and run the center. The project has been in the works since 2007.

The Hudson River Park Trust is also interested in the pier and is planning a 200-seat restaurant, slated to open in 2015, that will join the newly constructed boathouse, according to DNAinfo. [DNAinfo] Angela Hunt

Related Articles

(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

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M