January 2nd - January 6th, 2012

Hotels Sues over 130 Liberty Demolition

January 3 -- The owner of two hotels overlooking the World Trade Center site is suing the Lower Manhattan Development Corporation alleging lost revenue due to the Deutsche Bank building demolition at 130 Liberty Street, reported The Real Deal.

Cedar & Washington Associates, which owns Club Quarters at 140 Washington St. and World Center Hotel at 144 Washington St., reportedly said demolition work on the nearby Deutsche Bank building and a crane that was placed on Washington Street for two weeks in September 2010 generated noise and “stigmatized the hotels as unsafe.”

Cedar & Washington also reportedly sued organizations associated with the World Trade Center site in 2008, trying to recover money form alleged environmental cleanup costs related to Sept. 11. They lost the suit in September 2010 but filed an appeal, which is still active.

Pier A Work Meets Obstacles

January 4 – The cost of the redevelopment of Pier A has increased as officials discovered the landmark pier is in worse condition than initially believed, reported DNAinfo. The work on the 126-year-old building has risen to $36 million. Battery Park City Authority, which took over the pier in 2008, hopes to finish restoration and mechanical work by the end of 2012 at the latest. The building would then require an additional nine to 12 months of fit-out work.