Google Keeps Expanding In New York With Unique Pier 57 Deal

Pier 57 In 2012, As Viewed From The High Line In New York

Fresh off a massive reported office buy, Google is expanding even more in New York.

The tech behemoth has a tentative agreement to expand its planned 250K SF lease at Pier 57, which is being redeveloped by RXR Realty and Youngwoo & Associates, Crain's New York Business reports. If the deal goes through, Google would lease an additional 70K SF for offices and take 50K SF more to create public engagement and educational space.

The public space would be divided between a 5K SF waterside space, for harbor views on the south side of the pier, and a 24K SF area inside the building for educational and community events, both for Google's technology and for Hudson River Park Trust programming. Part of the latter space will be in a watertight basement underneath the pier, which helps it stay afloat.

The new agreement is subject to approval from the community board, which will vote in 60 days, but it has the backing of the Trust, which will also be receiving $20M from the lease, as part of its agreement with RXR and Youngwoo. The joint venture's $350M redevelopment of the vacant building is scheduled to be completed in 2019.

A long-planned part of that redevelopment has been a food hall by celebrity chef and TV personality Anthony Bourdain, but Google's new deal would shrink that component from 140K SF to 40K, according to Crain's. An additional 20K SF of retail space on the ground floor will include restaurants and shops, some of them slated for pop-up stores. Another restaurant is planned for the roof of the pier building, along with another public park.

Pier 57 is across the West Side Highway from 15th Street, making it a five-minute walk from Google's New York headquarters and the Chelsea Market building, which Google is under contract to buying for close to $2.5B.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

JPMorgan's Chicago Office Renovation Costing Bank Over $800M, Dimon Says

'Something Has To Give': NYC Economic Development Corp.'s Big Ambitions Collide With Red Ink

BXP Lands Equity Partner For Madison Avenue Office Project

High-Profile CBRE Chicago Exits Continue As 3 More Leave For Cushman & Wakefield

Foreclosure Suit Filed At Stalled Penn Plaza Life Sciences Project

Chicago Office Tower Sells For $550M To Zara Founder In Blockbuster Deal

Rents Smash Expectations At GPE

Developers Land $204M Loan For East Village Project: The N.Y. Deal Sheet

JPMorgan Relocating, Expanding Philly Office

JLL Nabs Brokerage Team With Over 75 Years Combined At Rival CBRE

WeWork's UK and Ireland General Manager On How Hospitality Is Raising The Bar For The Modern Office

Microsoft Sues JLL For Protection Against Lawsuit At NYC Office Project