CityRealty Insider > New Developments in the News

New Developments in the News

APRIL 19, 2010

The city makes WAVES with a new waterfront initiative; NYU unveils some grand expansion plans.

The mayor’s office has announced a new initiative intended to create a sustainable blueprint for the city’s 578 miles of shoreline. The new Waterfront Vision and Enhancement Strategy (WAVES) initiative contains both long- and short-term plans to address open space and recreation, the working waterfront, housing and economic development, natural habitats, climate change adaptation and waterborne transportation. Since 2002 the city has created a number of new waterfront parks like West Harlem Piers Park, Barretto Point Park, and Mill Pond Park.

NYU has announced that it needs an additional 600 million square feet for future growth in order to “create a vibrant intellectual community.” The university’s Framework 2031 statement, announced in early April, outlines opportunities for remote growth in the “health corridor” along First Avenue between 23rd and 34th Streets and in a new location at the Polytechnic Institute in downtown Brooklyn. The university also proposed plans for a new academic program on Governor’s Island.

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