Expected to open near Yankee Pier in 2028, the physical expression of The Exchange on Governors Island will complement our programs, serving as a living laboratory that itself is a subject of study. The Exchange is designed to showcase sustainable, accessible, and innovative design and engineering solutions that reduce greenhouse gas emissions and support climate resilience on Governors Island.
As New York City’s first large-scale mass timber development, The Exchange will be a model for sustainable, regenerative and resilient urban environments, using renewable energy and zero-waste technologies to dramatically reduce our carbon footprint. The site will include New York City’s first building to be certified by Living Building Challenge, setting a new standard for the built environment. The development will embrace the unique historic character of the island and include restoration of multiple buildings within the historic district, including large portions of the iconic Liggett Hall.
The Exchange’s site will include classrooms, research and demonstration labs, public gathering spaces, a reimagined resilient shoreline, and more than 4.5 acres of new public space. A primary goal of the design is to celebrate and enhance the existing natural and cultural resources that make Governors Island unique.