New Developments in the News

JULY 27, 2009




More park-straddling tower plans for the High Line; The Gov. steps in as the Ground Zero postponement rages on

More news on development in the High Line elevated park: A mixed-use complex consisting of a 20+ story residential tower, a hotel and commercial space is in the works for a spot between 28th and 29th street. The new project will straddle both sides of the elevated park. The new tower's residents will get a roof garden, and hotel guests can enjoy a rooftop bar, a nightclub, a spa, a tea garden and a lap pool. Another highlight: A glass-encased elevator will reportedly link the new building's commercial section with the park above it.

Governor David A. Paterson announced Monday that he would be stepping in to prevent World Trade Center redevelopment negotiations from going into binding arbitration to resolve the ongoing dispute between the Port Authority and financier Larry Silverstein. The Governor met with Mr. Silverstein, and they agreed to continue discussions over financing for the long-postponed redevelopment project. In other WTC news, it has been reported that a revived Performing Arts Center might rise on the site of the Deutsche Bank tower at 130 Liberty Street, as plans for a new JPMorgan Chase office tower at that site have been scrapped.