Sentence:  "With the decline of water travel, Manhattan turned increasingly in on itself, looking away from dilapidated piers and <WSD>water-hugging</WSD> industrial areas — its manufactories, its markets and its abattoirs — to a glorious new interior asset, Central Park, which became and remains the focus of public life." 
Meaning of the word marked with <WSD> tags:  (of a building, a bridge, or a structure) that is located right over or right next to the water