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 agrees to build part of 860-unit White Plains project
RXR agrees to build part of 860-unit White Plains project
RXR agrees to build part of 860-unit White Plains project
RXR Realty CEO Scott Rechler and 475 Clermont Avenue in Brooklyn (Getty, Douglas Elliman)
RXR gets $143M refi for Brooklyn apartment complex
RXR gets $143M refi for Brooklyn apartment complex
Nick Mastroianni II. and Nassau Coliseum at 1255 Hempstead Turnpike, Uniondale, NY (Wikipedia and Nick Mastroianni)
Can Nick Mastroianni pull off Coliseum project?
Can Nick Mastroianni pull off Coliseum project?
RXR CEO Scott Rechler (Getty, iStock)
RXR Realty requires staff, visitors to be vaccinated
RXR Realty requires staff, visitors to be vaccinated
Scott Rechler, CEO of RXR Realty and The Real Deal's Amir Korangy
Coffee Talk: Scott Rechler on beating the pandemic
Coffee Talk: Scott Rechler on beating the pandemic
iStar's Jay Sugerman and 32 Old Slip (Getty, RXR Realty)
iStar buys into ground under 32 Old Slip for $91M
iStar buys into ground under 32 Old Slip for $91M
Starrett-Lehigh Building at 601 West 26th Street and 1740 Broadway (iStock, EQ Office, Suma Industries)
Commercial landlords shake up offices to lure tenants back
Commercial landlords shake up offices to lure tenants back
Gotham Organization Chairman Joel Picket with the proposed development at 130 Felix Street. (Getty, 130 Felix)
These projects just beat the rezoning deadline
These projects just beat the rezoning deadline
arrow_forward_ios

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

Loading...