Port Authority to renovate George Washington Bridge Bus Terminal
The Port Authority of New York and New Jersey has given the green light to a $152 million renovation of the George Washington Bridge Bus Terminal. Designed in 1963 by Italian architect Luigi Nervi, the three level station, which is recognized worldwide for its innovative concrete structure, serves an estimated five million people a day and sorely needs a major overhaul.
Retail developer Acadia Realty Trust and New York architect STV have been tapped for the station job, which includes increasing retail space fourfold from a current 30,000 sq ft to 120,000 sq ft and accommodating 50% more bus capacity. The station currently has about a dozen ‘mom and pop’ shops but it is expected they will be forced out when renovations are complete as the Port aims to attract tenants of a national caliber to the site, a move that has angered many in the Washington Heights neighborhood.
Under the terms of the deal, Acadia will spend $102 million on the renovations, while the Port Authority will chip in $52 million.
Construction of the project is slated to begin late this year.