It’s Official! Construction on Barry Diller’s Futuristic Offshore Park to Begin This Summer
Earlier this month, Barry Diller’s futuristic offshore park got closer to reality when the Manhattan Supreme Court dismissed a case against the development that claimed it could have a negative environmental impact. And now the $130 million project known as Pier 55 has cleared its final hurdle, gaining regulatory approval from the U.S. Army Corps of Engineers. According to Crain’s, the Hudson River Park Trust revealed today that construction will commence this summer.
In February 2015, a 20-year lease deal for Pier 55 was set between the Hudson River Park Trust and a nonprofit group controlled by Diller and his wife Diane von Furstenberg. The nonprofit is contributing $113 million towards construction of the 2.7-acre park on pilings, which will include large, sloping lawns for wintertime sledding and summertime lounging, an open-air stage, and another space for large events.
Correction: 6sqft previously noted that construction would begin on May 1st. We’ve now come to understand that it will begin this summer; an exact date has not yet been pinned down.
[Via Crain’s]
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