Case Study

Chelsea Piers

Manhattan, New York

Chelsea Piers, a 30 acre sport complex located on Manhattan’s west side water front, was one of many Commercial Losses NFA handled after the facility took on over 5 feet of floodwaters from Superstorm Sandy.

Chelsea Piers has a long-standing history that spans over 100 years. Originally constructed in 1910, Chelsea Piers was designed to service Luxury Ocean Liners, some of which included the famous Lusitania and Mauretania. Chelsea Piers was also the intended destination for the maiden voyage of the Titanic. However, the “un-sinkable ship” struck an iceberg and sank on April 14, 1912, just two days prior to its scheduled arrival.

After sitting vacant and in disrepair for over 25 years in 1994 Chelsea Piers began a $100 Million dollar, privately funded reconstruction project bringing the facility back to life as a sports and entertainment complex. Chelsea Piers now featured a golf club, skating rink, bowling lanes, a health club and gymnastic center, as well as television and film production studios.

On October 29, 2012 Superstorm Sandy wreaked havoc to a large section of Chelsea Piers. The facility quickly took on over 5 feet of water, causing damage to the entire first floor of the facility; including the gymnastics field house, soccer field, basketball courts, multi-level golf driving range and ice skating rink.

NFA was instrumental throughout the claims process and with NFA’s hard work and dedication, NFA was able to negotiate enough of an advance payment from the Insurance Company that Chelsea Piers was able to re-open a large section of their complex within one month of the storm. Working closely with Chelsea Piers dedicated staff and through careful negotiations with their insurance carrier, NFA settled their insurance claims far beyond what Chelsea Piers had anticipated.