Press Releases

NYCEDC Seeks Development of Historic Building in Lower Manhattan


Battery Maritime Building is Gateway to Governors Island.

New York City Economic Development Corporation (NYCEDC), on behalf of the City of New York, is soliciting proposals for the redevelopment of the Battery Maritime Building (BMB), a 140,000-square-foot, four-story industrial Beaux Arts-style building at the Southern tip of Manhattan at 10 South Street. The landmark building, built in 1908, features three ferry slips, including one dedicated to Governors Island, and a 10,000- square-foot waiting hall on the second floor, one of the City’s grand public spaces. There is about 40,000 square feet of office space on the third and fourth floors. Over the past five years, the City has invested approximately $60 million to restore the building’s exterior and stabilize its substructure. The selected developer will be responsible for renovating the interior spaces, as well as any additional exterior renovations necessary for the adaptive reuse of the building. The building is being offered for long-term lease.

“The Battery Maritime Building occupies a unique place in both the geography and the history of Lower Manhattan,” said NYCEDC President Andrew M. Alper. “Located at the tip of Manhattan with unsurpassed views of New York Harbor, it presents a rare waterfront development opportunity. With the right development program, it can become an integral part of the residential, commercial and cultural communities that make up Lower Manhattan. The City’s vision for this property is a plan that will result in both economic benefits and a public amenity that residents and visitors can enjoy.”

In exploring future uses for the Battery Maritime Building, NYCEDC commissioned a report that identified potential design options for a public market on the second floor. While developers may propose other uses, NYCEDC envisions the building as a mecca to food, incorporating such uses as retail and wholesale food markets, food production, culinary education, and outdoor farmers’ market and restaurant, as well as event space. Lower Manhattan, which is already home to thousands of office workers, is also one of the City’s fastest growing residential neighborhoods, and one that is underserved by high-quality food markets and eating establishments. Designed by Walker & Morris, the BMB is constructed of cast and wrought iron. Its elaborate exterior materials include structural steel, cast iron, copper, stucco and ceramic tiles in vibrant colors. The unrestored former passenger waiting hall on the second floor features unique plaster finishes, large cast iron columns, and dramatic lead-patterned glass windows. The 10,000-square-foot hall is 30 feet high and encircled by 21,775 square feet of support space. Respondents must preserve the historic features of the building and seek to restore the architectural integrity of structure to the maximum extent possible.

The Battery Maritime Building is also the gateway to Governors Island, the172-acre island located one-half mile from Lower Manhattan in the New York Harbor. Governors Island Preservation and Education Corporation (GIPEC) recently issued an RFP for the preservation and development of the Island and developers may include the BMB in proposals for Governors Island. The City and GIPEC will coordinate evaluations of the responses to the RFPs for both BMB and Governors Island. Information regarding the GIPEC RFP can be found at www.govisland.com

Ferry Slip 7 at the BMB currently provides the only access to Governors Island. It is anticipated that GIPEC will continue service to Governors Island from the BMB. One of the other three slips in the building will be renovated for use by private ferry operators, and the third will likely be used for over-flow ferry traffic from Governors Island and the private ferry operators.

About NYCEDC
New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

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Janel Patterson/Andrew Brent (212) 312-3523