$7 million plaza reaching a higher level reopens
By Ellen Keohane
Walking by 55 Water St. in Lower Manhattan, there's little evidence that a landscaped open space with trees, benches and a boardwalk exists just 30 feet above street level. But ascend a set of stairs or escalators, and you'll discover a newly redesigned public park that delivers views of the East River, Governors Island, Brooklyn Heights and the Brooklyn Bridge.
"I think it's going to be one of the most sought-after spaces in Lower Manhattan," said Joel Kopel, a Community Board 1 member and resident of nearby 3 Hanover Square, which overlooks the plaza. "We're very excited about it."
As of Wednesday, "the Elevated Acre," a newly renovated privately owned public space at 55 Water St., was officially opened to the public. The $7 million project has been in the works since 2002.
The $7 million redevelopment of The Elevated Acre at 55 Water St. overlooking the East River marks the first park development in Lower Manhattan since 9/11 and will be completed in spring 2004 - Brief Article
Real Estate Weekly, July 23, 2003
Buildings/Housing/Parks • (0) Comments • Wednesday, October 26, 2005 • Permalink