Construction is back on at Pier 55—for real this time

After years of controversy, work seems ready to proceed (relatively) smoothly

New York /
Apr.April 19, 2018 11:15 AM

Barry Diller and Pier 55 (Credit: Pier 55 Inc via Curbed)

Construction at Pier 55 is back on, and it might actually not get bogged down with lawsuits this time.

Work on the project has recommenced after years of controversy and delays, according to Curbed. After Barry Diller and Diane von Furstenberg announced that they were launching the park years ago, the City Club of New York repeatedly blocked work on it with lawsuits. Douglas Durst was eventually revealed as the funder behind some of those lawsuits.

Diller decided to back out of the project completely last year, but Gov. Andrew Cuomo then stepped in and persuaded the City Club to stop its lawsuits, bringing Diller back to his project.  Cuomo and the city also both pledged to commit $50 million to completing the project, and Manhattan Borough President Gale Brewer appointed Durst to the board of the Hudson River Park Trust.

Construction now appears likely to finish over the next few years. [Curbed]Eddie Small


Related Articles

arrow_forward_ios
From left: Silverstein Properties CEO Marty Burger; BedRock Real Estate Partners co-founder Tracey Applebaum; Council member Julie Won; a rendering of Innovation QNS in Astoria (Getty, BedRock Real Estate Partners, New York City Council)
Council approves Silverstein, BedRock’s $2B Innovation QNS
Council approves Silverstein, BedRock’s $2B Innovation QNS
Silverstein Properties' Marty Burger, City Council Speaker Adrienne Adams, BedRock Real Estate's Tracey Appelbaum, City Council member Julie Won and Mayor Eric Adams with rendering of Innovation QNS (Silverstein Properties, Getty, New York City Council, Innovation QNS)
5 lessons from Silverstein’s Astoria deal
5 lessons from Silverstein’s Astoria deal
Long Island developer Robert DiNoto (Getty, Google Maps, Robert DiNoto)
Tri-state roundup: LI developer divests after guilty plea
Tri-state roundup: LI developer divests after guilty plea
Crime, money laundering,
Scammer posing as real estate developer sentenced for laundering
Scammer posing as real estate developer sentenced for laundering
(Photo Illustration by The Real Deal with Getty)
For richer or poorer: The hidden cost of low-income housing
For richer or poorer: The hidden cost of low-income housing
Hudson Companies CEO David Kramer and a rendering of the planned project at 27-45 North Main Street and 28 Adee Street in Port Chester (Getty, Hudson Companies)
Hudson plans Port Chester mixed-use development
Hudson plans Port Chester mixed-use development
960 Franklin Avenue (Google Maps, Getty)
Hager buys controversial site by Brooklyn Botanic Garden
Hager buys controversial site by Brooklyn Botanic Garden
Hines' Dusty Harris and Gensler's Steven Paynter (Hines, Gensler)
Hines reveals secret sauce behind office-to-resi conversions
Hines reveals secret sauce behind office-to-resi conversions
arrow_forward_ios

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

Loading...