New Water Street Corp.
City-funded organization
New Water Street Corp. is a commercial real-estate entity holding a $389 million no-bid lease registered through the NYC Department of Citywide Administrative Services for office space at 55 Water Street in Lower Manhattan occupied by the Department of Transportation; the city has paid nearly $400 million to date under contracts dating to 2008.
- Industry (per city contracts)
- Construction Services
- City contracts (active)
- $388,938,826 · 1 contract
- Awarded all-time
- $413,604,531 · 2 since 2008, incl. expired
- Paid to date
- $407,945,752
- Won without a fresh bid
- 100% of contract value · $413,604,531 · 2 contracts
- Chairman / CEO
- Daniel Palino
Holds contracts at
- Department of Citywide Administrative Services City agency
- Health and Hospitals Corporation City agency
City contracts
Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).
- 3rd.Amend/Lease DOT Expan. Premise 55 Water St.12th Fl., NY Department of Citywide Administrative Services · CT185620080029702 $388,938,826
- 55 WATER STREET LEASE RENOVATION & RELOCATE 346 Health and Hospitals Corporation · CT181920141410981 · ended 2014 $24,665,705