Pier 55, a 2.75-acre park “floating” in the Hudson River off of West 13th Street in Manhattan, was originally revealed by billionaire businessman Barry Diller in 2014 at a cost of $130 million. The park was to sit on a jumble of sculptural concrete pilings and included an amphitheater as well as two landscaped staging areas for performances, with the project’s costs falling solely on Diller and wife Diane von Furstenberg.
As those costs rose to $250 million, and as the nonprofit Hudson River Park Trust, responsible for managing the floating park, was buffeted by lawsuits from the Douglas Durst-backed City Club of New York, Diller withdrew his support and the project looked dead in the water.
That was all before some last-minute mediation between Governor Cuomo, Diller, and the City Club of New York that guaranteed ecological protections for the Hudson River and state funding for the unfinished 30 percent of Hudson River Park. With funding in place for the stretch of Hudson River Park that runs from Battery Park City to West 59th Street, it looks like construction is now back on at Pier 55. Concrete piles are being laid into the river for the walkways that will eventually lead to the park and performance space, and the southern path has already begun to receive its covering.
As revealed in a recent interview with Diller by the Hollywood Reporter, the concrete pods that will hold the park up are currently being fabricated, and work at the site actually began in earnest back in March.
Outside factors might still be able to throw the Pier’s construction off track yet again. Governor Cuomo has pledged $50 million in state dollars to finish the remaining stretch of Hudson River Park (no state funding is going towards Pier 55), but only if New York City matches the contribution. While the city seems game to put aside its own $50 million, the deal that revived Pier 55 could fall through if this funding pledge isn’t met; and even if it is, the Hudson River Trust pegs the total cost of finishing Hudson River Park at $619 million.
If construction on Pier 55 continues apace, it should be finished sometime in the next few years.