Pier 55 - Floating Park in Hudson River

Futuristic Floating Hudson River Park

Artist's Rendering CreditPier55, Inc./Heatherwick Studio

Media mogul Barry Diller and fashion designer Diane von Furstenberg plan to create a $170M floating park in the Hudson river near Chelsea and the Meatpacking District.

View from Manhattan 
CreditPier55, Inc./Heatherwick Studio

As reported by the New York Times, an additional $39.5M of funding for Pier 55, which has the support of Gov. Andrew Cuomo and Mayor Bill de Blasio, would come from the city, state and Hudson River Park Trust, subject to approval of the Trust's board.

 CreditPier55, Inc./Heatherwick Studio 

The Diller-Furstenberg Family Foundation will supply $130M. It will feature lawns, gardens and three performance spaces, including a 700-seat amphitheater.

The 2.7-acre project, dubbed Pier 55, would replace the decaying Pier 54 on West 13th Street and be connected to Hudson River Park in Manhattan via platforms.

Pier 54
Credit Mitchell Hall 

Approvals also must come from the Army Corps of Engineers and state Department of Environmental Conservation before construction can begin in 2016.