It was nearly three years ago that Related Companies chairman Stephen Ross boasted that Hudson Yards‘ public art piece would be “New York’s Eiffel Tower,” and after an unveiling today of the massive sculpture that will anchor the central public space, it seems he might not have been too far off.

More details and renderings this way

On the heels of the news that Hudson Yards will add $18.9 billion to the city’s GDP and the reconfirmation that the developers will build an iconic $200 million sculpture at the center of the plan’s plaza, Related quietly launched a new Hudson Yards Living website, providing general information for prospective residents and a few new images of the $20 billion master plan.

More details and renderings this way

• Photo essay by Nathan Kensinger documents the changing Coney Island boardwalk. [Curbed]
• The city’s 10 oldest surviving commercial real estate dynasties. [BisNow]
• Thomas Heatherwick’s designs may be unique and evocative (just look at the renderings for his Pier 55 floating park), but at what price? [NYTimes]
• A new infographic from the Design Trust links urban agriculture to positive impacts in neighborhoods. [BuzzBuzzHome News]
• Potholes aren’t just terrible for cars; they’re terrible for the city’s budget. [WSJ]
• Designers weigh in on what they think NYC’s climate change museum should look like, that is if it comes to fruition. [Next City]

Images: Coney Island boardwalk by Nathan Kensinger for Curbed (L); Second Avenue pothole (R)

In February, the futuristic Pier 55 floating park planned for the Meatpacking District moved forward with a lease deal between the Hudson River Park Trust and a nonprofit group controlled by Barry Diller, the billionaire media mogul who pledged $130 million back in November to fund the $151.8 million park. Diller is allocating the funds through the Diller-von Furstenberg Family Foundation (his wife is fashion designer Diane von Furstenberg), but under the agreement he can pull his support if he feels renovations at neighboring piers aren’t up to par. And according to DNAinfo, the city’s backup plan in this event is quite underwhelming, completely scratching the floating island and creating a $30 million park similar to others along Hudson River Park.

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Last we heard about Pier55–the 2.4-acre futuristic floating park and performance space proposed by billionaire media mogul Barry Diller that would jut 186 feet into the Hudson at 13th Street–Community Board 2 had mixed feelings about the project. They liked Thomas Heatherwick’s design, but cited concern over the lack of transparency from Diller and the Hudson River Park Trust.

Despite these feelings, though, we’ve learned today from the Times that the Trust approved a lease agreement with Pier 55 Inc., a nonprofit group controlled by Diller, to help develop the $130 million public space. Diller has already pledged $113 million toward the project through the Diller-von Furstenberg Family Foundation (his wife is fashion designer Diane von Furstenberg). So, what’s next?

What’s to come for Pier 55

It’s been relatively quiet over the past six weeks or so as far as news about the proposed offshore park and performance space in the Hudson River known as Pier55. But this week, Community Board 2’s Parks and Waterfront Committee reviewed the project, and though they liked Thomas Heatherwick’s design overall, they cited their main concern as transparency.

The board’s issue stems from the fact that billionaire media mogul Barry Diller, who committed $130 million to the 2.7-acre park, and the Hudson River Park Trust had been working secretively for two years on the plans. According to Curbed, committee member Arthur Schwartz said, “Probably the main public critique of this project has been the way that so much of the design was developed in infinite detail before it even became a matter of public knowledge.”

More on the outcome of the public meeting

Last week, news broke that billionaire media mogul Barry Diller had been working with the Hudson River Park Trust for the past two years on an idea for an offshore park and performance space in the Hudson River. And though it seemed far-fetched at first, the fact that Diller had personally committed $130 million to the project and that detailed renderings had been created made it see much more plausible.

And now Thomas Heatherwick, the British designer behind the Pier 55 floating park, is opening up about how the decrepit West Side piers inspired his vision for the undulating, landscaped “aquatic High Line.”

Hear what Heatherwick has to say