Showing posts with label Douglas Durst. Show all posts
Showing posts with label Douglas Durst. Show all posts

Friday, March 8, 2013

Pier 40 Residential Development Not Going To Fly - The Villager Editorial





"...the Hudson River Park Act of 1998 doesn’t allow housing in the park — and for a very good reason. This is a park: It’s about open air and unbroken vistas."  



















Reality Settling In. The Pier 40 Champions plan includes two 22-story residential towers - which would apparently be see through according to the renderings - is be sited at the foot of the West Houston St  pier according to the proposal. What little political and public support the plan had is fading fast. 

Manhattan

More than 400 people turned out for a major forum on Pier 40 last Thursday evening. David Gruber, chairperson of Community Board 2, convened the forum and did an admirable job moderating it, and is to be commended for his efforts, according to an editorial in The Villager.
Much information was shared, and we all learned a lot. The major stakeholders had their say, including the backers of two competing concept designs for the pier: Douglas Durst’s adaptive reuse plan and the Pier 40 Champions’ proposal for two 22-story residential towers to be sited at the foot of the massive West Houston St. pier.
But last week’s forum, in our view, is just the beginning of what must necessarily be a carefully considered and ongoing dialogue. In short, the issues confronting Pier 40 are not going to be solved overnight — and are not going to be solved, for that matter, in the next seven months or the next 10 months.
Residential use has been pushed by the Hudson River Park Trust, the state-city authority that is building and operating the 5-mile-long park. Yes, residential could be the so-called “quick fix” that the Trust is looking for. It is after all the “highest use” in New York — the type of project that generates the most revenue. And revenue is precisely what’s needed to repair the 50-year-old former Holland-America shipping pier. But the Hudson River Park Act of 1998 doesn’t allow housing in the park — and for a very good reason. This is a park: It’s about open air and unbroken vistas. The park act wasn’t created overnight, nor should it be modified overnight.
(And, honestly, how many people are really going to want to live right next to a major athletic venue, with kids cheering wildly early on weekend mornings and adult leagues playing into the night under the lights? Residents would soon be asking to restrict the pier’s hours, etc.)
The Trust has been lobbying aggressively to open up the park act to allow a wider range of uses — chief among them being residential. But once residential is allowed, the die will have been cast. The Trust will put out a request for proposals, R.F.P., and guess which proposal will win? Residential, of course, since it’s the highest use. And that will be that. We will have massive towers on the waterfront — with the threat of only more to come.
As Assemblymember Deborah Glick has stated repeatedly, development pressure on the waterfront will never abate — even, seemingly, in a post-Sandy environment. This despite serious questions about whether we should now even be building in the flood zone, which Pier 40 is definitely in.
Madelyn Wils was brought in as president of the Trust only about a year and a half ago — in other words, very late in the game. In 10 months, New York City will have a new mayor, and the Trust itself may very well be overhauled, as a result.
Wils comes from the city’s Economic Development Corporation, where she spearheaded major building projects, like the Seward Park Urban Renewal Area plan. SPURA was a major achievement and Wils did a tremendous job, along with Community Board 3, in pulling it off,  painstakingly working to achieve community consensus. But Pier 40 and Hudson River Park are not SPURA, and there is hardly consensus in our community on residential use in the park — far from it.
Yes, without a doubt, the Lower West Side has experienced an amazing youth sports boom, and Pier 40, with its huge courtyard artificial-turf athletic field, is our youth sports mecca. The field was created on an interim basis after the first R.F.P. for Pier 40 failed in 2003. A second R.F.P. for the pier, in turn, failed in 2005. Meanwhile, the pier’s field has become an icon of the community, a family-centric safe zone where kids and parents congregate and experience a healthy, almost small town-like environment in the big city. It’s a wonderful thing, and it needs to be safeguarded.
All of Downtown and Lower Manhattan is starved for park space, in general. That’s a reality. We all want to save the sports field on Pier 40. But the pier — despite the Trust’s steady drumbeat of pronouncements — is not ready to sink into the river. In fact, as Durst has said, if repairs are started on Pier 40’s corroded piles now, the overall price of the repairs will be significantly less in the long run. And Durst’s cost estimates, in general, for the pier are far below the Trust’s. Durst is a pro, he’s not making up fantasy financials.
More to the point, there is simply no political will — really, almost zero — to allow residential in the park. Assemblymember Glick, new state Senator Brad Hoylman and state Senator Dan Squadron all have said they don’t support it.
And now, this week, in major news, Council Speaker Christine Quinn has added her voice to the mix, telling The Villager she also opposes residential use in Hudson River Park — though she does support saving Pier 40’s field, as well as creating more sports fields in the park.
For his part, Assembly Speaker Sheldon Silver is simply not going to go up against Glick, a part of his trusted inner leadership team and whose district contains the pier.
With Quinn’s statement, reality finally seems to be setting in, at least for some people. Tobi Bergman, a leader of the Champions effort, appears to have accepted the reality.
In a statement to The Villager on Wednesday evening, Bergman said, “Champions was never about residential development. We are about public open space and fields. We see a big win in the Speaker’s statement. For the first time, part of Pier 40, about 25 percent, will be designated for park use, and there’s a commitment to build more fields to meet the needs of a growing community so every child can play. We still have to figure out how to pay for the repairs needed to keep the pier open, but Champions are eternal optimists and team players, and we are ready to join a bigger team to get it done.”
It’s now time for the Trust to join that “bigger team” — to work with the community to find a solution we all can live with. But when we asked the Trust if they will now drop the plan for high-rise towers at Pier 40, they sent us a statement that indicates that Wils will still push for a legislative change to allow residential use in the park. The Trust’s statement said, in part: “In order to protect the future of the pier and achieve long-term sustainability for the park as a whole, the legislation needs to allow for as many options as possible because the park cannot afford another failed R.F.P.”
The word “quixotic” comes to mind. Again, yes, residential could be the easy quick-fix — but it’s not right for the park for so many reasons. The Champions and Trust have worked hard toward this one solution, but it’s simply not the right fit. Worse, it would be a major mistake. SPURA was a win-win. Twenty-two-story towers at Pier 40, however, would be a disaster.
It’s now time for the community to come together, as a “bigger team,” as Bergman said. The Trust’s fear-mongering about the pier, the manipulative riling up of local parents against our elected officials, is simply not constructive. We agree with Glick and others that incremental fixes can be made in the meantime while some acceptable, sensible ideas are worked out.
One good idea, for example, that we support is for a charrette, as the Trust did a few years ago, soliciting design concepts for the pier. New York City is full of so many creative, dynamic people — we’ve got to be able to come up with more than two plans for Pier 40.
Also, people need to stop seeing Douglas Durst as some sort of obstacle to saving the pier. He’s one of the city’s top developers — and, most important, he’s deeply committed to this park. He was, until recently, chairperson of Friends of Hudson River Park and has done a tremendous amount for the park, in terms of projects and fundraising. He’s got good ideas on how to save Pier 40, so let’s take advantage of his deep expertise in construction and development projects. The city’s administration will be changing in 10 months, but we feel pretty confident that Durst’s interest in the park won’t be going away. His knowledge is valuable. He needs to be part of the “bigger team” that can save Pier 40 and Hudson River Park. We hope that the Trust will be part of that team, too.
So, again, let’s scale back on the crisis-mode fear-mongering, and let’s get back to thinking — as a community — about how we can solve Pier 40. And the park act must not be opened — and it won’t be opened — until there is consensus in our community and our elected officials are onboard. To try to fight that realty in the last 10 months of Bloomberg’s last, lame-duck term — we just don’t see the point. Tone down the panic, anger and the hype, and let’s calmly work toward a constructive solution that we all can live with.
Again, do we really want 22-story towers on our unspoiled, glorious waterfront, towers that will be there for 100 years looming over the pier and the park?
There’s no emergency other than that which the Trust is creating. We need to think this through a little more carefully — make that, a lot more carefully.
Read More:

The Villager - Editorial  -  March 7, 2013  

Thursday, June 28, 2012

Friends of Hudson River Park's Improvement District Funding Scheme Rears Its Ugly Head Again


















Pay-To-Play. Prominent real estate developer Douglas Durst and the non-profit he runs, Friends of Hudson River Park (FHRP) want area residents and businesses to pay a special tax to pay Hudson River Park's upkeep instead of the City and State allocating funds. Last week NY State legislators refused to introduce a bill which would have allocated $15 million in emergency funds and approximately $7 million annually from cruise ships and water taxi fees. (Photos: Geoffrey Croft/NYC Park Advocates) Click on image to enlarge.

The tax proponents hope to generate $10 million annually from the funding scheme. The Park Improvement Area (PID) area could include 1,700 properties.

A similar Park Improvement District (PID) proposal supported by Mayor Bloomberg to pay for maintenance and operation (M&O) of the High Line esplanade in Manhattan was quickly scrapped after strong public criticism emerged. A similar scheme to fund Brooklyn Bridge Park was also not warmly received.

Mr. Durst is on the Board of Directors of the Bryant Park Corporation BID. His building, One Bryant Park, generates $150,000 of the BID's gross annual revenue. Bryant Park is a public park which the city allows to be run privately.

Dedicated funding streams from non-government sources create enormous disparities.

Durst is a director of the Real Estate Board of New York, The Trust for Public Land, and Project for Public Spaces. He is also the co-chair of Friends of the Hudson River Park. Durst Fetner Residential (DFR) hopes to begin building West 57, a 600-unit building on across the street from the park in 2012, and boasts, "courtyard open views towards the Hudson River." Mr. Durst's distinctive bright yellow New York Water Taxi fleet are a familiar sight along the park.

- Geoffrey Croft














Pier 40. Hudson River Park was never required to be self-sustaining according to the original law that established the park. Despite the fact that the park has generated billions of dollars in revunue for the city and state, they refuse to allocate the proper resources to maintain the park.


Manhattan

The Clinton/Hell's Kitchen Land Use Committee met last night to hear a presentation from the Friends of Hudson River Park, according to Curbed.

The gist: Hudson River Park needs a lot of money. Not that this is news or anything. The proposed Business Improvement District (BID) or, as it's now being called, Neighborhood Improvement District is, apparently, the largest-scale BID (or NID) ever proposed, and would tax residential properties 7.5 cents per square foot (median assessment: $99) and commercial properties 15 cents per square foot ($499) in order to raise a Total Amended First Year Budget of $10, 000, 000, which is around one tenth of what the park actually needs for day-to-day operations/development/integrating the park with the community/other things. And once the park is finished (it's currently at 70%) it will be generating more money from its commercial entities except maybe it won't and maybe those entities will even lose money because who knows? Not us. Confused yet? So were we.

Committee Member: So it’s unclear what the incremental increase in the operating revenue of the commercial entities will be once the park is complete.


Second Committee Member: It’s actually a little bit more complicated than that.

This is how the sausage gets made, people! Really confusingly. And expensively. It's like a one hundred million dollar sausage or something. This is a strategy that has already failed to come to fruition for the High Line and Brooklyn Bridge Park. It certainly seems like a desperation move, but then again, that's more or less what it is. And who knows—it could even end up working out. Maybe? Crazier things have happened. The BID is currently in the "Outreach Phase" and, if everything goes according to plan, will be voted on early next year.


Read More:

Hudson River Park Needs Money, Is Asking The People
Curbed - June 14, 2012 - By Jeremiah Budin

A Walk In The Park - March 17, 2011

A Walk In The Park - June 20, 2012


Thursday, March 17, 2011

Durst & FHRP In BID To Create New Tax For Hudson River Park


Pay-To-Play. A prominent real estate developer, and an area non-profit he runs, want area residents and businesses to pay a special tax to fund Hudson River Park's upkeep. Douglas Durst, chairman of the Durst Organization and Friends of Hudson River Park (FHRP) - which he is Co-Chair - are spearheading a funding scheme in the form of a new tax to help pay for the City/State park's operations. Under the proposal, residential and commercial properties could be required to pay a special tax which tax proponents hope will generate between $5 million and $10 million annually. The Park Improvement Area (PID) area could include 1,700 properties. (Photo: Geoffrey Croft/NYC Park Advocates) Click on image to enlarge.

The Neighborhood Improvement District Steering Committee pushing the new tax includes a number of area landlords. The committee plans to meet in April to review the initial responses and then, by early June, create a draft district service plan for the area. The group hopes to submit a final plan to the City Planning Commission and New York City Council for approval by the end of the year. The highly controversial plan is expected to face strong opposition.

A similar Park Improvement District (PID) proposal supported by Mayor Bloomberg to pay for maintenance and operation (M&O) of the High Line esplanade in Manhattan was quickly scrapped after strong public criticism emerged. A similar scheme to fund Brooklyn Bridge Park was also not warmly received.

Mr. Durst is on the Board of Directors of the Bryant Park Corporation BID. His building, One Bryant Park, generates $150,000 of the BID's gross annual revenue. Bryant Park is a public park which the city allows to be run privately.

Dedicated funding streams from non-government sources create enormous disparities.

Douglas Durst - Chairman
Douglas Durst, chairman of the Durst Organization. The company owns and manages more than 8.5 million square feet of office space and over 1 million square feet of luxury residential rentals according to their website. He is a director of the Real Estate Board of New York, The Trust for Public Land, and Project for Public Spaces. He is also the co-chair of Friends of the Hudson River Park. Durst Fetner Residential (DFR) hopes to begin building West 57, a 600-unit building on across the street from the park in 2012, and boasts, "courtyard open views towards the Hudson River." Mr. Durst's distinctive bright yellow New York Water Taxi fleet are a familiar sight along the park. - Geoffrey Croft

Manhattan

Property owners around Hudson River Park, which will ultimately stretch five miles from the southern tip of Manhattan to 59th Street, could be required to pay a special tax totaling million of dollars annually to fund the park's operations, according to The Wall Street Journal.

The Friends of Hudson River Park, a nonprofit, has begun the public process required for the creation of a business or neighborhood improvement district. Such districts have the right to assess a tax on property owners within their boundaries. By law, the district can't be formed if more than half of these property owners object.

While the formal boundaries of the improvement district have yet to be determined, they would loosely encompass all the property owners along what will ultimately be a 550-acre park, west of Hudson Street and 10th Avenue. The area could include 1,700 properties, and the tax assessment would apply to both residential and commercial properties.

A Hudson River Park neighborhood improvement district would likely rival the size of the Downtown Alliance, which has a $13 million tax assessment, the largest in the city. The Friends of Hudson River Park say it hopes to generate an assessment between $5 million and $10 million annually.

Although members of the steering committee say the assessment to any single property owner would be modest, they expect to face some resistance. "No matter what you do in New York, there's opposition," said Douglas Durst, a prominent landlord who is helping organize the improvement district.

Since the first business improvement district was established in 1984, 64 have been created in New York. All strive to supplement existing city services, be it through sanitation or programming.

On March 3, A.J. Pietrantone, the executive director of the Friends of Hudson River Park, sent a letter to the Department of Small Business Services announcing the first step in the public outreach process—the circulation of a district needs survey to area property owners.

Mr. Pietrantone sent the letter on behalf of the Neighborhood Improvement District Steering Committee, a group that includes Julie Menin, chairwoman of Community Board 1, and a number of area landlords, including Mr. Durst, chairman of the Durst Organization; Lisa Silverstein, senior vice president at Silverstein Properties; and Two Trees' head, Jed Walentas.

"I think we have come to accept the fact that because of the pressures on government funding, the private sector needs to play a role in maintaining parks the way we want them to be," Mr. Pietrantone said.

Hudson River Park is part of a new model for parks development, one that relies on revenues from privately run concessions within the park as well as tax assessments. It is an evolution of the sort of public-private partnership pioneered by the Central Park Conservancy and Prospect Park Alliance in the 1980s. Both are nonprofits that operate government parks relying, in part, on private donations.

The Friends of Hudson River Park maintains that because the park has bolstered real estate values in the area, it makes sense for those who have profited from those increased values to give back to the park. According to 2008 Friends report that used data analysis by the Regional Plan Association, "Approximately 20% of the value of properties within the first two blocks of the Greenwich Village section of the Hudson River Park can be attributed to the park."

"You've got all of these residential developers who have developed buildings all along the park…and when you look at their marketing brochures, they market access to Hudson River Park," says Ms. Menin.

The park was conceived following the 1985 demise of Westway, a controversial proposal to construct an underground highway off the West Side of Manhattan and build on top of it.

It was not until 1998 that the Hudson River Park Act was approved, allowing the city and state to appropriate $200 million toward the creation of a 550-acre park. The Friends of Hudson River Park took shape the following year.

According to Mr. Pietrantone, the park needs another $160 million for its completion, and is expected to be finished by 2018 at the earliest. The improvement district's assessment would also go toward improving access to the park, creating park-like areas in places where the park is narrower and perhaps augmenting the care of the city parks within the district's bounds.

Read More:

Resistance Expected From Owners
The Wall Street Journal - March 14, 2011 - By Dana Rubinstein

A Walk In The Park - August 4, 2009

New York Post - July 29, 2009