by Howard Morrel & Leslie Hirsch
57th Street Report
A bold new vision is taking shape along the East River—one that could transform a long-overlooked stretch of Midtown into a signature destination for open space, culture, and community.
At the heart of the proposal is a 4.7-acre public park, set to rise on a currently undeveloped parcel just east of First Avenue between 38th and 41st Streets. If approved, the plan would deliver a full-block green oasis nearly the size of Bryant Park—complete with a waterfront promenade, lush lawns, and spaces designed for connection, play, and reflection.
Reclaiming the Waterfront
Dubbed Freedom Plaza, the project is led by the Soloviev Group as part of a broader mixed-use vision that includes housing, hospitality, retail—and a Mohegan-branded gaming venue. But the park itself is positioned as the true centerpiece.
Designed by OJB Landscape Architecture, the plan introduces over a mile of landscaped pathways, a sweeping 18,000-square-foot lawn, and a 700-foot riverside promenade offering uninterrupted East River views. Tree-lined promenades, curated garden terraces, and elevated overlooks will create a layered experience for visitors of all ages.
The park’s entrance plaza is expected to feature hundreds of native trees and plantings engineered to support biodiversity and manage stormwater—underscoring a long-term commitment to sustainability.
Built for the Community
The proposal includes a wide range of public amenities: a children’s play area, an outdoor amphitheater, six food kiosks, and a community center. A cascading water garden and serene retreats woven throughout the site offer quiet counterpoints to the vibrancy of Midtown life.
Soloviev has pledged to privately finance the park’s ongoing maintenance and operations, ensuring year-round accessibility and activation. A local advisory group will help program the space and encourage neighborhood engagement.
“Green space isn’t just a luxury—it’s essential,” said Michael Hershman, CEO of the Soloviev Group. “This park is about creating something lasting and inclusive for New Yorkers.”
A Cultural Anchor on the East Side
Adding to the civic energy of the proposal is the planned Museum of Freedom and Democracy, which would sit just blocks from the United Nations headquarters. The museum will spotlight global human rights and feature permanent installations including original sections of the Berlin Wall.
The overall Freedom Plaza site spans 6.3 acres and also includes two hotel towers, 1,325 residential units (with approximately 500 designated as affordable), retail tailored to local needs, and a daycare center.
A Competitive Field
This project is one of several competing for a limited number of downstate casino licenses from New York State. While Resorts World in Queens and Empire City in Yonkers are widely seen as front-runners, one final slot may remain up for grabs.
Still, the Soloviev proposal distinguishes itself by leading with public benefit—anchored by what could become one of Manhattan’s most ambitious new green spaces in a generation.
Want to learn more? Let’s talk!
All the best,
Howard Morrel & Leslie Hirsch
Christie’s International Real Estate Group
(212) 956-4823
mha@christiesrealestategroup.com
