Having secured voter approval for increased building heights across the 28-acre-core of the Pier 70 site back in 2014, the Environmental Planning for Forest City’s massive project was soon underway. And yesterday, the 2000-page Draft Environmental Impact Report for the project was released.
Depending upon whether the development team decides to maximize the Central Waterfront site for residential or commercial use, the Pier 70 Project will include between 1,645 and 3,025 residential units; between 1.1 and 2.3 million square feet of commercial/office space; and up to 487,000 square feet of space for retail, light industrial and arts uses along with 3,400 off-street parking spaces and nine acres of open space.
New buildings will range from 50 to 90 feet in height, intermingled with a few rehabilitated structures across the site.
And assuming the project’s Impact Report is certified by the City and the redevelopment is approved as proposed, construction is currently slated to commence in 2018 and be phased though 2029.
The redevelopment of Pier 70’s Historic Core, a separate six acre project, is already underway.