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

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

WeWork’s side businesses are fizzling

Normandy Founder Finn Wentworth, Columbia CEO E. Nelson Mills, 799 Broadway and 250 Church Street (Credit: Google Maps)

Columbia acquiring Normandy for $100M in New York real estate’s latest megamerger

WeWork abandons Seattle co-living plan, Barneys bidding begins: Daily digest

Alex Sapir’s massive Opportunity Zone site in Miami hits the market

Michael Cohen and Donald Trump (Credit: Getty Images, iStock)

Trump exaggerated building values to get financing, tax documents show

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

arrow_forward_ios