The Hudson River Park Trust and the Diller–Von Furstenberg Family Foundation announced plans for a three-acre public green space and outdoor performance venue, Pier 55. The park, devised by British designer Thomas Heatherwick with New York landscape architect Mathews Nielsen, will sit just off Manhattan’s shore, in the Hudson River near 14th Street. Its undulating profile will be supported by hundreds of concrete pylons meant to evoke the piles that keep aloft the now decrepit Pier 54.
The project will replace the deteriorated Pier 54 and be funded primarily by the Diller –von Furstenberg family, which has established a new nonprofit, Pier55, Inc. (P55). P55 will build and operate the pier in cooperation with HRPT. Construction of the 2.7-acre pier is expected to commence in 2016 at a cost in excess of $130 million, to which the City of New York will contribute $17 million. Separately, New York State will provide $18 million for the construction of an expanded public esplanade that will run from Bloomfield Street to 14th Street.
Under a 20-year lease, P55 will fund the programming, operations and day-to-day maintenance of the pier, including landscape, lighting and other park amenities. P55 will oversee all of the pier’s programming while HRPT will maintain the park as it does all of the public piers in Hudson River Park. Pier55 will be open the same hours as the rest of Hudson River Park, and, through the lease, P55 is committed to providing maximum public access, including during most performances.