Real Estate Hudson River Park plans to build 'Pier55', a futuristic waterfront park and performance space Print Share fbShare Tweet Email A deteriorated pier at Hudson River Park will be transformed into a futuristic park and performance space under a plan announced Monday. 'Pier55,' as the 2.7-acre space is being called, is expected to cost over $130 million. The Diller-von Furstenberg Family Foundation will foot most of the bill, with the City of New York set to contribute $17 million. The park will include an amphitheater and undulating topography with views of Manhattan and northern New Jersey. It's set to open in 2019. Comments We're revamping our Comments section. Learn more and share your input.