The transformation of Pier 57, a derelict 1950s floating pier in New York City, into a mixed-use scheme has been declared “tantalisingly close to being realised”.

Seth Pinsky, executive vice president at property firm RXR Realty, has revealed work will begin soon on the 450,000sq ft (41,000sq m) development on the Hudson River – recently rebranded the SuperPier.

Speaking at a summit in NYC, Pinsky said the first two floors will feature a 40,000sq ft (13,000sq m) food market. World-class chef Anthony Bourdain has said he will oversee this gastro destination.

"With 100 international stalls and wholesale food shops centred around an Asian-style night market, this development will give New York City the kind of large-scale public market that doesn't currently exist,” he concluded.

Other elements will include a marina, educational facilities, and an 87,000sq ft (8,000sq m) outdoor green space on the roof, with unparalleled views in all directions.

The SuperPier will also have a movie and performance amphitheatre which will host screenings for the Tribeca Film Festival.

Space will be let to retail, restaurant and lifestyle brands and according to Pinsky, around 250,000sq ft (23,200sq m) has already been taken as office space by a “major technology company” – widely reported to be Google.

Construction will begin in early 2016, with work scheduled to be finished by 2018. The development of the site – which has been empty since 2003 – is being funded by US$350m (€328.m, £230m) of private capital and overseen by RXR and Young Woo & Associates. The duo have hired Handel Architects, LOT-EK Architecture & Design and landscape studio !melk to design the renovation.

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