New York City Mayor Adams announced on December 8th that the city will invest around $150 million in collaboration with the “Fifth Avenue Future Partners Program” to transform Fifth Avenue from Bryant Park in Midtown to Central Park into a world-class pedestrian-friendly thoroughfare. The aim of this project is to enhance this historic commercial corridor, promote economic development, and create more job opportunities.
The plan includes expanding sidewalks by 46% and reducing pedestrian crossing distances by one-third, reducing the number of lanes from five to three, adding over 230 trees and 20,000 square feet of greenery to provide more seating and pedestrian space, as well as upgrading infrastructure such as underground drainage systems and water pipes concurrently with surface and underground construction.
The announcement of the project coincides with the 200th anniversary of the construction of Fifth Avenue. The new design draws inspiration from international renowned commercial streets such as the Champs-Élysées in Paris, Oxford Street in London, and Ginza in Tokyo, aiming to make Fifth Avenue one of the most vibrant city centers globally.
“Fifth Avenue is the economic engine of New York City, supporting over 313,000 jobs and contributing $44.1 billion in wages and $111.5 billion in economic output annually. This investment will make Fifth Avenue more pleasant and greener,” said Mayor Adams.
The “Fifth Avenue Future Partners Program” brings together various entities, including the New York City government, the Fifth Avenue Association, Grand Central Terminal partnership, Central Park Conservancy, and Bryant Park Management Company. The design plans are expected to be completed by the summer of 2025, prioritizing pedestrian safety and convenience during the construction period.