A proposal by AECOM would transform the Red Hook waterfront with 25-45 million square feet of residential.
"One of the city's largest construction and engineering firms is floating a plan to transform a huge swath of the Red Hook waterfront into a residential neighborhood with a new subway connection, acres of parkland and waterfront-flood protections that would revitalize and protect the low-lying neighborhood from storms and future sea-level rise," according to an article by Daniel Geiger.
The firm behind the proposal is AECOM, and the plan will be revealed today at the NYU Rudin Center for Transportation. So far AECOM estimates the price tag for the subway expansion (which comes with three new stops) would be $3 billion. The proposal also envisions as many as 45,000 units of housing.
If the project comes to fruition, a new residential neighborhood almost double the size of Battery Park City and several times as large as Hudson Yards on Manhattan's far West Side—the biggest development project currently underway in the city—would be created.
Geiger also provides additional details about the plan would be financed and points out the admitted lack of detail for some portions of the proposal.
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