Google Officially Signs Lease for 250,000 Square Feet at SuperPier
Just in time for construction to commence in the new year, things are swiftly moving ahead at Pier 57, aka the SuperPier. Last month, 6sqft uncovered a slew of new renderings of the the 450,000-square-foot, $350 million development, which is set to include 250,000 square feet of office space for a major technology company, a 170,000-square-foot food and retail market from Anthony Bourdain, and an elevated park with an outdoor movie and performance amphitheater on the roof to be used for screenings for the Tribeca Film Festival.
Google has long been assumed as the office tenant, and according to the Wall Street Journal, it’s official, as the company has “signed a 15-year lease with development team Youngwoo & Associates LLC and RXR Realty.” Bourdain’s food hall is also expected to close soon.
Google has more than 5,000 employees in the area and already occupies 900,000 square feet of office space in neighboring Chelsea. It’s expected that they’ll bring 1,000 employees to the Pier.
According to the Journal, the developers’ 97-year lease deal is still awaiting a vote by the Hudson River Park Trust’s board (the Pier is on the riverfront park’s land). They would make a $6.5 million down payment to the trust at the start of construction. It’s projected that the project would bring in $220 million over its first 25 years. Last week, Governor Cuomo announced his support for the project, and if all goes according to plan, it’s expected to be completed in 2018.
See lots more renderings of Pier57 THIS WAY >>
[Via WSJ]
