Walentas in Running for Pier 1 Hotel; RFP Out For Pier 5 “Bubble”

As we observed earllier, the Brooklyn Bridge Park corporation issued a Request for Proposals to build a hotel, retail, and residence complex on the landward side of Pier 1, adjoining Furman Street, early this month. According to the New York Observer, one of the bidders is Two Trees, owned by DUMBO developer David Walentas. The Observer has published a list of the fifteen entities that have responded to the RFP so far. In addition to Two Trees, it includes established hotel owners and developers like Starwood and Muss (developer of the Brooklyn Marriott), mega real estate outfits like Hines and Related, and distinguished architectural firms like FXFowle and TEN Architectos.

The BBPC has also issue3d an RFP for a temporary structure to enclose a playing field on Pier 5, enabling it to be used in the winter months.

Crain’s New York Business: The Brooklyn Bridge Park Corp. will grant the group submitting the winning proposal a five-year contract to operate and maintain the structure each year from Dec. 1 to March 31. The winning bidder will also be responsible for designing and building the structure, which will be dismantled in warmer weather. The city has an option to renew the permit for three additional seasons. The request for proposals said the city will favor those that include free or low-cost programming elements. The winner will also be in charge of all capital costs over $750,000 associated with the construction and installation, of the bubble at Pier 5, including preparation costs.

The Crain’s story quotes BBPC President Regina Myer as saying the structure “will enrich the park by encouraging year-long active recreation use at this world-class location”.

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