United States Conservancy and RXR Reality Have Plans for the SS United Stated in Manhattan
|United States Conservancy and RXR Reality Have Plans for the SS United Stated in Manhattan|
The once proud ship of the United States Lines sailed between New York and Northern Europe at amazing speed. When she became too costly to operate in 1969, the famous ship was laid up in Norfolk Virginia. After years sitting idle, and various buyers / interested parties, the ship sits in Philadelphia totally stripped to her bulkheads.
In December, 2018, the United States Conservancy announced a partnership with RXR Reality and a plan to dock the ship in New York City as an entertainment center, hotel, residences, shops and more.
The Conservancy has issued the following statement
Today, we are pleased to announce an important development: The Conservancy has entered into an agreement with a prominent commercial real estate development firm, RXR Realty, which will begin to explore options for the SS United States’ revitalization.
RXR Realty is a respected, highly qualified commercial real estate developer that currently manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 million square feet of commercial properties, including a residential portfolio of approximately 2,600 units under operation or development.
Over the next several months, RXR Realty will be working to determine the viability of the SS United States’ redevelopment and will explore a range of potential locations for the historic vessel. In connection with its work, RXR will be paying a substantial portion of the ship’s carrying costs and making other investments during this option period. The company will soon be assembling a team to assess the vessel's interior spaces and explore concepts for the ship's revitalization. The Conservancy will work closely with RXR throughout this process and will continue to advance and refine our museum and curatorial plans.
In entering this agreement with the SS United States Conservancy, RXR Realty issued the following statement to our supporters:
"The SS United States is one of America's great vessels and an icon of American engineering and design. Given our history of repurposing and updating some of this country's most historic structures, we are now working with the SS United States Conservancy to explore what options might exist for the ship, going forward. We are currently at the very beginning of this process – a process that will require substantial work on all sides. At the end of this period, we will have a better sense as to whether we have a viable plan and, if so, the specifics of that plan and in which waterfront community it might be actualized."
We will keep you informed as this due diligence process advances. The Conservancy’s agreement with RXR Realty is still in its very early stages and much hard work lies ahead. However, we believe that RXR recognizes the SS United States’ iconic significance and has the vision, commitment, creativity and expertise needed to redevelop America’s Flagship.
For more information check out the Conservancy Website Here
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