Wooden pier constructed as a cargo storage facility for The Grace Line
Santa Rosa leased to the Grace Line
A large fire engulfed the Pier lasting several days
Innovative design plans were introduced for the reconstruction
Reconstructed as the largest dock building in NYC
Operations began as the Hudson Pier Bus Depot
National Registers of Historic Places heralded the pier a modern marvel of engineering
Rooftop Park located in Hudson River Park Opens
Grand Opening of Market 57 and Community Spaces
An Ode to New York’s Maritime History — and a Glimpse of its Future
Originally built in 1907 as a shipping and storage terminal and reconstructed by the NYC Department of Marine and Aviation in 1952. Designed by Emil H. Praeger, Pier 57 is considered an engineering marvel due to its innovative use of three hollow concrete caissons to support the main structure, rather than traditional pylons. It reopened in 1954 as the terminal for the Grace Line. Pier 57 is listed on the National Register of Historic Places and is a significant part of New York City’s history.
Pier 57 reopens April 1, 2023 as a vibrant community destination and partnership between Hudson River Park Trust, Google, RXR Realty, Youngwoo & Associates, and Jamestown. The new Pier 57 honors the original design and looks to the future through technologically advanced and enriching opportunities for the local community.
RXR is an innovative investor, developer and place-maker committed to applying a customer and community-centered approach to building properties, services, and products that create enduring value for all stakeholders. Headquartered in New York with a national platform strategy, RXR is a 500+ person, vertically integrated operating and development company with expertise in a wide array of value creation activities, including ground up real estate, infrastructure and industrial development, uncovering value in underperforming properties, repurposing well-located iconic properties, incorporating cutting edge technologies and value-added lending. The RXR platform manages 91 commercial real estate properties and investments with an aggregate gross asset value of approximately $21.2 billion, comprising approximately 30.4 million square feet of commercial properties, a multi-family residential portfolio of approximately 8,000 units under operation or development, and control of development rights for an additional approximately 3,800 multi-family and for sale units as of September 30, 2022. Gross asset value compiled by RXR in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.
Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
Jamestown is a global, design-focused real estate investment and management firm with a 39-year track record and mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions totaling approximately $40 billion. As of September 30, 2022, Jamestown has assets under management of $13.2 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 400 people worldwide with headquarters in Atlanta and Cologne, and offices in Amsterdam, Bogotá, Boston, London, Los Angeles, Madrid, Milan, New York, San Francisco, and Washington, D.C. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam.
Hudson River Park
Hudson River Park is a 550-acre park and estuarine sanctuary spanning 4 miles along the West Side of Manhattan, from the northern boundary of Battery Park City in Tribeca to W 59 St. in Hell’s Kitchen. The largest open space to undergo construction in Manhattan since the completion of Central Park, Hudson River Park has transformed 4 miles of formerly industrial waterfront into a beloved, urban recreational paradise.
Hudson River Park was created by a New York State law as a partnership between New York State and New York City and is being planned, constructed and operated by Hudson River Park Trust under a financially self-supported model. As such, Pier 57 is an important contributor to the Park’s ongoing financial support.
The James Beard Foundation (JBF) is a 501(c)3 organization that celebrates and supports the people behind America’s food culture, while pushing for new standards in the restaurant industry to create a future where all have the opportunity to thrive. Established over 30 years ago, the Foundation has highlighted the centrality of food culture in our daily lives and is committed to supporting a resilient and flourishing industry that honors its diverse communities. By amplifying new voices, celebrating the people leading the way, and supporting those on the path to do so, the Foundation is working to create a more equitable and sustainable future—what we call Good Food for Good®. JBF brings its mission to life through the annual James Beard Foundation Awards; industry and community-focused initiatives and programs; and advocacy, partnerships, and events across the country.
Youngwoo & Associates
Founded in 1979, the Manhattan based Youngwoo & Associates (“YWA”) has identified and developed a variety of specialized projects in the New York metro area and throughout the United States. YWA prides itself on innovative thinking and the ability to anticipate changes in the real estate market. YWA’s success has been the result of pioneering approaches in emerging markets, implementing bold initiatives with new technology and developmental strategies, and most importantly, recognizing shifting real estate trends.
Throughout the years, YWA’s solid reputation has attracted prominent investment firms such as Angelo Gordon & Co., HSBC, Starwood Capital Group, ADCO Group, BRT Realty Trust and the Bristol Group. These partnerships have given YWA a strong financial base to explore a wide variety of real estate opportunities without geographic limitations.