Howard Hughes Corporation is expected to hold its last public meeting Wednesday before the South Street Seaport redevelopment project enters the seven-month Uniform Land Use Review Procedure.
The developer hopes to sway members of the Seaport Working Group who have been skeptical of the development’s public benefits. Construction of the proposed 42-story tower requires demolition of city-owned property.
The developer is looking to construct a taller and thinner structure than zoning currently permits. Opponents of the project are concerned about the proposed location and height of the building.
Howard Hughes is spending $300 million to fix the infrastructure of the pier and provide public amenities. David Weinreb, CEO of Howard Hughes, told the New York Post that the firm’s total investment in the project would be roughly $1.5 billion. [NYP] — Mark Maurer