The Pier 57 redevelopment is slowly but surely inching towards reality. Google has signed a 15-year lease for 250,000 square feet of space at the pier, which is located on West 15th Street, the Wall Street Journal reports. What's more, a deal on the 155,000 square-foot, Anthony Bourdain-developed food hall is expected to close soon as well.
The $350 million revamp is being undertaken by RXR Realty and Youngwoo & Associates who want to transform the pier, that is part of the 4-mile long Hudson River Park, into a 480,000 square foot commercial and cultural venue.
The developers are still in talks with the Hudson River Park Trust to sign a 97-year lease on the pier. The Trust is in charge of overseeing the redevelopment of the waterfront along the Hudson River Park, and managing the park the as well. A vote by the board of the trust will determine the lease agreement with the developers.
In addition to Google's offices and Bourdain's asian night market, the pier will also have a rooftop park, and will eventually host the Tribeca Film Festival.
Just last week, the project got a major boost when Governor Andrew Cuomo came out in support of the project.
The redevelopment has an expected completion date sometime in 2018.
· Lease Deals Take Shape on Pier 57· Pier 57 Redevelopment Gets Green Light With Cuomo's Support [Curbed]
· Pier 57 Archives [Curbed]
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