LMDC works out plan for downtown's lean streets.
The Greenwich Street South Redevelopment Plan represents the single-largest development opportunity downtown after the World Trade Center site. Although there are no funding mechanisms in place or a start date, the Lower Manhattan Development Corporation is gathering further input to implement the plan in the near future.
"The study is conceptual and we are currently engaging feedback from the community, as well as city and state agencies, in order to enhance the proposal before we move forward on a firm timeline," said Sara Banda, LMDC spokesperson.
The architectural firm H3 is currently working with the LMDC and the city to develop the plan. "We see Greenwich Street South as an opportunity to renew a devalued neighborhood in the heart of Lower Manhattan." said Hugh Hardy, FAIA, of H3.
The plan is intended to expand revitalization of Lower Manhattan beyond the WTC site. It incorporates goals in Mayor Bloomberg's 2002 "Vision for Lower Manhattan."
The goals for the plan are to clean up the environment, create more parks, connect destinations, clear bus and truck traffic, catalyze a critical mass and cultivate culture.
Prior to Sept. 11, the Greenwich Street South area, between Liberty St. and Battery Place, from Broadway to West St., was experiencing a steady rebirth, as pockets of outdated office buildings were being converted to residences. The collapse of the WTC cut off access to the rest of the city followed by the yearlong recovery effort, nearly stopping the area's redevelopment.
The plan explores opportunities for additional housing through new development or conversions of existing commercial space, proposals for a new park to be built over the entrance to the Brooklyn-Battery Tunnel, and improvements to ease pedestrian connections with Battery Park City, the Financial District, Battery Park, and the WTC site.
Greenwich Street, has the potential to be brought back as a thriving residential neighborhood that links Tribeca, one of New York's most desirable residential neighborhoods, to Battery Park.
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|Title Annotation:||Construction & DESIGN|
|Publication:||Real Estate Weekly|
|Date:||Apr 20, 2005|
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