RXR may lend a hand with Youngwoo’s SuperPier

560,000-square-foot, $200 million waterfront complex is scheduled to open next year

New York /
Jul.July 23, 2014 04:10 PM

Developer Young Woo is reportedly enlisting some help to bring a $200 million waterfront project dubbed the SuperPier to fruition.

RXR Realty is in negotiations to assist Youngwoo & Associates in developing the 560,000-square-foot retail complex on Pier 57 at West 15th Street, sources told Crain’s. Neither Youngwoo & Associates nor RXR confirmed the rumor. The size of the investment and the influence over the project RXR remains unclear, according to the news site.

The pier is scheduled to open next year. As currently envisioned, the project would rent out 430 shipping containers along the dock to entrepreneurs for as little as $3,000 per month. Youngwoo & Associates announced three large tenants last September: a spa and beach club spearheaded by hotelier Andre Balazs, clothing retailer Opening Ceremony and a climbing gym operated by Brooklyn Boulders.

Youngwoo & Associates is currently negotiating the terms of a 49-year lease at Pier 57 with the site’s administrator, the Hudson River Park Trust, Crain’s reported. [Crain’s] — Tom DiChristopher


Related Articles

arrow_forward_ios
RXR’s Scott Rechler and 1330 Sixth Avenue (Getty, RXR)
RXR, Blackstone move to sell 1330 Sixth Avenue
RXR, Blackstone move to sell 1330 Sixth Avenue
Material Bank's founder and CEO Adam Sandow (Material Bank)
Design supplies marketplace Material Bank worth $1.9B after fundraise
Design supplies marketplace Material Bank worth $1.9B after fundraise
Renovate or bust: NYC offices face risk of obsolescence
Renovate or bust: NYC offices face risk of obsolescence
Renovate or bust: NYC offices face risk of obsolescence
RXR's Joe Graziose and Georgica Green Ventures' David Gallo
(RXR Realty, ERASE RACISM, Google Maps)
RXR, Jericho firm picked for $125M transit-oriented project on Long Island
RXR, Jericho firm picked for $125M transit-oriented project on Long Island
DH Property Holdings’ Sunset Park warehouse project (Bridge Development)
Last-mile project, resi rentals nab biggest outer-borough loans
Last-mile project, resi rentals nab biggest outer-borough loans
RXR chief executive Scott Rechler and 5 Times Square (Getty Images, 5timessquare.com)
RXR seeking $1.5B refi for Times Square office tower
RXR seeking $1.5B refi for Times Square office tower
Anthony Wood, chief executive officer, Roku, and 5 Times Square in Manhattan (Getty Images, Wikipedia/Eden, Janine and Jim, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Roku racks up big lease at RXR’s 5 Times Square
Roku racks up big lease at RXR’s 5 Times Square
RXR Realty's Scott Rechler (Getty)
RXR, LBA Logistics lead filing flurry with $123M for massive Gowanus industrial portfolio
RXR, LBA Logistics lead filing flurry with $123M for massive Gowanus industrial portfolio
arrow_forward_ios

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

Loading...