In October of 2015, the Port Authority of New York & New Jersey (PANYNJ) approved a multi-billion-dollar redevelopment plan to build a new Port Authority Bus Terminal, located on the site of the existing one between West 40th and 42nd streets along Eighth Avenue. The design competition has since narrowed down to five finalists, Crain’s reported.
The 15th anniversary of the 9/11 terrorist attacks is less than two weeks away, and there is new and noticeable progress that has been made on the construction of the World Trade Center.
The World Trade Center’s Liberty Park is now receiving its finishing touches for its grand opening today. The Financial District’s new, one-acre public park is 25 feet above street level and measures 336 feet along Liberty Street between West and Greenwich streets. It will feature 19 planters, a half-dozen species of plants, seating made out of recycled teak, and a 300-foot-long “Living Wall” of greenery along its northern base. Pictures of it ahead of its opening can be seen in a New York Times report. It will be open to all from 6 a.m. to 11 p.m. each day. Aecom’s Joseph E. Brown is the landscape architect, and the Port Authority of New York & New Jersey is behind the project. The Santiago Calatrava-designed St. Nicholas Greek Orthodox Church can also be seen taking shape on the site’s eastern end. That portion of the project is expected to be complete in 2017. YIMBY last brought you an update on Liberty Park when construction was in its final phases in May.
The building of the new World Trade Center is about to take one big step closer to completion. 3 World Trade Center, the fourth office tower to be rebuilt following the terrorist attacks of September 11, 2001, will be topped out later this morning.
Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.
