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The Waterfront Alliance has announced that the South Battery Park City Resiliency Project has become the 13th project nationally to achieve Waterfront Edge Design Guidelines (WEDG) verification. This distinction places the project, which is located at 20 Battery Place in Lower Manhattan, at the forefront of resilient, ecological, and accessible waterfront design.

The South Battery Park City Resiliency Project is designed to protect a significant segment of Lower Manhattan, including landmarks like the Museum of Jewish Heritage, Wagner Park, and Pier A Plaza. This area has been planned to counteract events related to sea level rise, such as coastal flooding and storm surges.

Developed in collaboration between the Battery Park City Authority and AECOM’s design team, the project introduces a range of resilience features integrated into the site. Wagner Park will undergo a transformation that that will conceal its seawall and resilience infrastructure. The park’s elevation will increase by 10 feet as a result of the project, offering protection against storms and providing expansive views of the New York Harbor. Additionally, the existing stone riprap along Pier A Inlet will be replaced with new terraced plantings to attract marine life, coupled with an overlook for educational purposes.

Throughout the design process, emphasis was placed on stakeholder engagement, leading to design alterations such as lawn scaling, safety enhancements, and a realigned bikeway. The project also prioritizes universal access, ensuring that all park users can navigate the site.

“In Battery Park City, with the urgency and care the moment demands, we’re adapting our waterfront to address climate change and simultaneously creating an even more beautiful and accessible park space for our residents and visitors,” said Battery Park City Authority president and CEO, Raju Mann. “We are honored to attain WEDG Verification from the Waterfront Alliance, an organization that has helped shape the New York City’s waterfront. The South Battery Park City Resiliency Project, including the redesigned and revitalized Wagner Park, will set the new standard for waterfront design excellence, flood protection, and functionality for the next generation of New Yorkers.”

U.S. cities and states are experiencing severe and increasing financial impacts as a result of climate change and extreme weather events. From 2010-2019, the U.S. experienced 131 climate-related disasters that generated losses of more than $1 billion each; this is a stark comparison to 33 such incidents in the 1980s.1

To both mitigate and respond to future events, U.S. municipalities are exploring ways to fortify infrastructure and provide energy-efficient affordable housing. Sustainability bonds, which fund projects with both environmental and social benefits, are one key way that cities and states are raising capital for these efforts. Here’s what institutional and retail investors should know about the market for sustainability bonds and some of the ways they are making a difference.

Construction is moving along on the South Battery Park City Resiliency Project (SBPCR), an integrated coastal flood risk management system at the southern tip of Battery Park City. Led by architect and engineer AECOM, the $221 million project involves the creation of an elevated landscaped waterfront esplanade spanning from the Museum of Jewish Heritage to Pier A Plaza, as well as the reconstruction of the Wagner Park Pavilion with a new design by Thomas Phifer and Partners. The SBPCR is one component of the 3.5-mile-long Lower Manhattan Coastal Resiliency (LMCR) master plan, which is engineered to reduce the risk of flood damage from storm events like Hurricane Sandy. Hugh L. Carey Battery Park City Authority is the owner and EW Howell Co. is the general contractor for the property, which is addressed on permits as 20 Battery Place.

Recent photographs show the site fully cleared, with dirt raising its elevation higher than the street level of Battery Place. Some steel plates and columns have also begun to be placed for the new two-story Wagner Park Pavilion’s foundations. The 19,204-square-foot structure will sit 11 to 12 feet higher than its predecessor and contain a community room, a restaurant and public restrooms at ground level, storage space for staff, and an ADA-compliant roof deck. The building is being engineered to achieve ILFI Net-Zero Carbon Certification with geothermal heating and cooling systems, LED lighting, high-performance glazing, a highly insulated envelope, low-flow fixtures, and recycled building materials.