The Broadsheet

Lower Manhattan Wades with Baited Breath as Plus Pool Crawls Closer to Reality The long-heralded plan for a floating swimming pool in the East River – written as “+Pool” and verbalized as “Plus Pool” – has been delayed until 2027 for its proof-of-concept demonstration, and likely until 2028 for a full, public opening.

Governors Island Project Advances Carbon-Capture Measurement The Trust for Governors Island is partnering with a New York-based climate change technology firm to refine measurements of how nature-based carbon removal works in an urban setting. Founded in 2022 (and based in the Meatpacking District), Chestnut Carbon specializes in “afforestation” – the process of cultivating woodlands on land that has not been forested for many decades, thus converting barren or idle acreage into new tree groves.

Hedge Fund Manager Headquartered in World Trade Center Arrested for Fraud The founder of a hedge fund based in Lower Manhattan has been arrested by the FBI and charged by federal prosecutors with securities fraud and wire fraud.

Mamdani’s Citywide Housing Plan is Challenged by Lower Manhattan New York City’s first ever Fair Housing Growth Strategy, recently published in draft form by the Mamdani administration, applies to the five boroughs, but offers striking insights into the state of housing and affordability (as well as the prospects for both) in Lower Manhattan.

Bike Path Link Between East and West Sides Reopens The Battery Park City Authority and the Battery Conservancy formally opened the last phase of the South Battery Park City Resiliency Project on Thursday, by returning to public use the bike path that winds along the border of the historic park at Manhattan’s southern tip. The new path, part of which is elevated, reconnects the Hudson River Greenway (along West Street) and the East River Esplanade.

Sailing Vessel Melds 21st-Century Tech with 18th-Century Vision Grain de Sail II, a modern cargo sailboat, 170 feet long, skippered by adventurers out to prove that sustainable seafaring is possible, docked at South Street Seaport’s Pier 17 this past week. “The vision is to decarbonize maritime transport,” said Jacques Barreau (right), who, with his twin brother Olivier, founded the sustainable shipping company. Their first boat, Grain de Sail I, was designed in 2018 and operational in 2020.

Litigation Resumes Over Safe Haven Residence at the Seaport The parents of students at the Peck Slip School who litigated against City Hall last year to prevent the opening of a homeless shelter at 320 Pearl Street (located adjacent to the school) has restarted their lawsuit.

City Hall Expands Lower Manhattan Project Size, But Sticks to Bare Minimum on Affordability The administration of Mayor Zohran Mamdani announced on Tuesday that it is expanding the scope of a new residential development on publicly owned land at 100 Gold Street, alongside the Brooklyn Bridge. The revised proposal calls for approximately 4,000 homes at the two-acre site, roughly 1,000 of which will be affordable – up from 3,700 apartments (with 925 affordable units) under the previous version.

Battery Conservancy Chief Reflects on Challenges and Opportunities After Nearly a Year at the Helm “I was already in love with the Battery,” reflects Tribeca resident Paula Recart, who last November took over as president of the Battery Conservancy from founder Warrie Price. “But I didn’t know this job would be so much fun.

Anonymous Owners Prepare Legendary FiDi Bank Building for Unspecified Use After standing vacant for more than a quarter of a century, the former J.P. Morgan headquarters at 23 Wall Street may soon stir back to life.