Real Estate Weekly: Mayor Bill de Blasio has announced a plan for the East Side Coastal Resiliency (ESCR) project that will phase the reconstruction of East River Park and other open spaces so that access for local residents to large parts of the park can be maintained throughout the entire project.

Nearly half of East River Park will remain open throughout construction of essential flood protections. Details will be presented at a City Council hearing on Thursday.

The phasing plan will allow nearly half of East River Park to stay open at all times and will still deliver flood protection by hurricane season 2023, one full hurricane season earlier than under the previous project approach.

In order to enable the new park phasing plan, the schedule for completion of the overall project will be extended to the end of 2025.

While early ESCR construction work will commence in spring 2020, all of East River Park will remain open until Fall 2020.

Esplanade areas will follow a separate construction schedule.

To meet the needs of area residents, new and improved open space resources will be made available in the surrounding neighborhoods, including a new park adjacent to Pier 42 to be completed in spring 2022. Read more>>