Investing in New York City
SuperPier: Up, Up and Away!
When Pier 57 was constructed along the Hudson in 1952, it was hailed as an engineering feat. Rather than using standard piles, Pier 57 was Manhattan’s first pier built to float on concrete boxes. Over the years, the Pier’s “super” popularity waned, but one developer intends to bring Pier 57 back into the spotlight.
Enter SuperPier, the “most innovative experience in culture, entertainment, dining, and retail in NYC since the opening of Rockefeller Center in 1939.”
Developed by Youngwoo & Associates, the dynamic plan calls for 270,000 square feet of space to be transformed into a cultural hub, which will integrate art, fashion, design, film, food and more into a unique retail haven.
Leasing has opened on SuperPier’s website, and so far anchor tenants include a climbing gym from Brooklyn Boulders, an Opening Ceremony boutique and a restaurant and spa by Andre Balazs. Tenants at SuperPier will occupy “incuboxes,” which are essentially modular shipping containers. These available spaces range in size from 3,000 to 20,000 square feet.
Pier 57 is located in Chelsea at 15th Street along the Hudson River. SuperPier is coming to Chelsea as the neighborhood continues to grow in popularity. The High Line has been an incredible success, while Chelsea Market has evolved into one of the most visited city destinations. The has in as well.
The $200 million dollar project is aiming for a Summer 2015 opening.