Proponents and opponents of the $250 million project plan to meet Monday to try and reach a settlement that would avoid more legal action in a conflict that has pitted media mogul Barry Diller and his wife, fashion maven Diane von Furstenberg, against Douglas Durst, the real estate developer and skyscraper baron.The plan to tear down the old, deteriorating Pier 54 on the Manhattan waterfront and replace it with a new structure, Pier 55, seemed like a fait accompli when it was first announced in 2014.Opposition emerged, though, partly based on environmental concerns about the pier's impact on aquatic life, and partly rooted in complaints from some over the way in which the project had been planned without broader public input."The way they've operated is like moving plants around their personal backyard," said Emery, a civil rights attorney representing the nonprofit City Club of New York, a civic group fueling the contrarian position.Durst recently acknowledged that he had quietly funded the lawsuits — two unsuccessful ones in state courts, and a third that resulted in a federal court revoking the project's permit this past March.Durst's estranged brother, Robert Durst, was acquitted in the death of an acquaintance in Texas and is now facing charges in Los Angeles that he killed a longtime friend because he feared she might divulge incriminating information regarding the 1982 disappearance of his first wife.
NYS Entity Status
NYS Filing Date
JULY 02, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2014 - OAKTREE REAL ESTATE OPPORTUNITIES FUND VII GP, L.P.
AROUND THE WEB
- Futuristic NY pier project pits billionaire vs billionaire
By VERENA DOBNIK, Associated Press - Sunday Jul 23, 2017
- This Week in Celebrity Real Estate: Houdini, Gabor, Hepburn
Friday Jun 23, 2017
The Harlem townhouse of iconic illusionist Harry Houdini hit the market for $4.6 million and a historic Los Angeles estate that was once home to both Audrey Hepburn and Eva Gabor (though not at the same time) is available for nearly $14 million.
- The buying conundrum for Silicon Valley (sponsored)
By James Harrison, President and CEO, MLSListings - Wednesday Sep 13, 2017
Silicon Valley's technology dominance has continued, despite markets like Los Angeles' "Silicon Beach" and Austin clamoring to achieve that same allure. The boundaries of "Silicon Valley" have traditionally been Mountain View, San Jose, Santa Clara, Sunnyvale, and Palo Alto, but they have since expanded to include the southern part of the San Francisco Bay Area and San Mateo County. The real estate market in these areas remains an extraordinary anomaly for California and even the U.S.
- Hedge fund pressures Dillard’s to unload real estate
By Carleton English - Monday Jul 31, 2017
Dillard’s is the latest retailer to come under attack by an activist who claims the department store’s real estate is worth more than its business. New York-based hedge fund Snow Park Capital amassed a 2 percent stake in the Dillard’s and is pushing the 294-store chain to monetize its real estate holdings. “Dillard’s is essentially...
- A Dip in the Living Room Pool
Friday Sep 15, 2017
In a slowing luxury real estate market, developers are investing in amenities to attract buyers. Explore Soori High Line, where more than half of the units come with private, saltwater pools.
- Hosting the 2028 Summer Olympics Could Fix Los Angeles' Transportation Network
By Aarian Marshall - Friday Aug 4, 2017
A rare opportunity to fulfill a long-standing goal of creating an exceptional mass transit system.