NYC's Floating Park Gets Approval
✉️ Want to forward this article? Click here.

An ambitious plan to turn a dilapidated New York City pier into a park got the go-ahead on Thursday, according to DNAinfo. The Hudson River Park Trust voted unanimously to let the project move forward.
Back in November, billionaire real estate mogul Barry Diller announced his plans to turn a pier near Chelsea into a huge floating park called Pier 55. Diller and fashion designer Diane von Furstenberg, who are married, are financially backing the $130 million plan. The project still needs state permits as well as a permit from the Army Corps of Engineers, according to DNAinfo, though Governor Andrew Cuomo and Mayor Bill de Blasio have previously indicated their support for the plan.

The two were also major backers of the incredibly successful High Line project. $113 million in funding for the floating park and performance space would be financed by Diller’s foundation, which would also maintain the 2.7 acre park for 20 years. The remainder of the construction costs for the public project would be financed by the city, according to DNAinfo.
The design concept for the project offers up two football fields’ worth of green space up to the public, according to the New York Daily News. It includes an amphitheater, large lawns and gardens throughout.

The plan is somewhat reminiscent of the 11th Street Bridge Park project, a bold concept that would connect Anacostia and Navy Yard with a bridge covered in usable public space. Though a design for the bridge was selected in October, it’s still much more theoretical: Pier 55 had the distinct advantage of two high-profile, big-pocketed financial backers.

See other articles related to: barry diller, diane von furstenberg, nyc, pier 54, pier 55
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/massive_project_to_turn_nyc_pier_into_park_gets_approval/9528.
Most Popular... This Week • Last 30 Days • Ever

In this article, we will delve into what mortgage recasting entails and how it works.... read »

One of the more unusual properties in the District is the latest downtown conversion ... read »

The Zoning Commission is expected to take final rulemaking action on June 11.... read »

If you drive through downtown Bethesda, it seems like there is a new project going up... read »

The typical U.S. homebuyer put down $64,000 in March, a 1.5% decline from a year earl... read »
- What Does It Mean to Recast Your Mortgage?
- The DC Building With a Highway Running Through It Just Sold And The New Owner Is Thinking Conversion
- DC's Alley Lots Are About to Open Up for Housing
- The Bethesda Building Boom: One Neighborhood, 16 Projects and 6,500 Units
- Down Payments Slip as Buyers Hold Tight to Cash
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro










