Streams

Developer Withdraws from Hudson River Pier Project

Friday, January 25, 2008

A developer who won a hard fought battle to turn a Pier on the Hudson River into a catering hall and exhibit space has withdrawn.

Almost three years ago the Witkoff Group was designated the preferred developer for Pier 57 at West 15th Street. A spokesman said that the company changed its mind because construction costs have risen and the ability to secure investors has become much harder.

The Hudson River Park Trust was counting on revenue from the project to help pay to operate the water front park, about 40% of which is complete. The Trust will likely look for another developer although a spokesman said it is not clear when.

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by