New Initiatives

Con Edison East River Site

The East River Site, which includes the 99-year-old steam generating power plant known as Waterside, is arguably the most important land parcel to come on the market since the 12-acre Rockefeller Center site.

In November 2000 Fisher Brothers, in conjunction along with Sheldon Solow and the Morgan Stanley and Gordon Getty family interests, emerged as the winning bidder for the 9-acre site along First Avenue, just south of the United Nations.

After an international competition of many of the world's preeminent architectural firms, the partnership selected Pei Cobb Freed & Partners and Skidmore Owings & Merrill to jointly develop a master plan for the site, envisioned as a mixed-use community of residential and office towers of up to 5 million square feet with parks, shops and other recreational spaces.

Construction will commence after Con Edison re-powers its 14th Street plant and demolishes Waterside, along with other subsidiary structures, after which the site will be thoroughly remediated in accordance with DEC standards.