The Real Deal New York

Posts Tagged ‘South Street Seaport’

  • seaport-city

    Seaport City rendering

    FiDi community leaders will get a heads up from the city next week on where it is in the process of getting a feasibility study done on the Seaport City project.

    Officials with the Economic Development Corp. are meeting with the community board Monday to review the request for proposals from prospective consultants on the study. The public session is slated to begin at 6:30 p.m. at University Settlement, at 184 Eldridge Street. [more]

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  • The South Street Seaport

    Updated, 4:55 p.m., Apr. 1: The Howard Hughes Corporation may build a hotel, retail space and market-rate residential apartments at the South Street Seaport, a letter of intent seen by Downtown Express reveals, ending months of speculation about the developer’s plans for the megaproject.  [more]

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  • City approves Pier 17 development

    February 06, 2013 02:00PM

    From left: Howard Hughes CEO David Weinreb and a rendering of Pier 17

    The City Planning Commission unanimously approved development plans for South Street Seaport’s Pier 17 project, though it insisted that the controversial rooftop signage be removed, Curbed reported. The proposed signage had irked neighborhood residents and had been described by City Planning Commissioner Amanda Burden as a “blight” on the area. The commission also requested the developer, the Dallas-based Howard Hughes Corporation, to add moorings for Maritime use. … [more]

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  • Sizing up South Street Seaport

    January 29, 2013 10:00AM

    From left: Julia Bryzgalina, Susie Park, Jackie Chan-Brown, Sharon McGrail, Marc Palermo and David Wanamaker

    From the January issue: The South Street Seaport had to forgo its usual stream of shopping bag–toting tourists this holiday season as it continued to recover from the devastation it suffered during Hurricane Sandy. Indeed, while the Pier 17 mall, which juts out onto the East River, has reopened, some of the businesses (along with a bunch of others in the neighborhood) remain shuttered. “For the first time, I think the South Street Seaport may really sink,” Faith Hope Consolo, chairman of Douglas Elliman’s retail group, told the Wall Street Journal in late November. This month, The Real Deal checked in with residential brokers who work in the burgeoning area — which has seen a burst of new residential development since the Fulton Street Fish Market relocated to the Bronx in 2005 — to see how sales and rentals are holding up. [more]

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  • Howard Hughes CEO David Weinreb and a rendering of Pier 17

    Businesses at South Street Seaport’s Pier 17 have been ordered to vacate the premises in anticipation of a major redevelopment project to begin in July, DNAinfo reported. The Dallas, Texas-based Howard Hughes Corporation owns the pier and is slated to begin construction on an all-glass two-story structure with approximately 120,000 square feet of high-end retail space. Retail in the neighborhood — which has seen steadily rising prices and several new residential project — was brought to a dramatic halt by Hurricane Sandy … [more]

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  • Howard Hughes’ David Weinreb and Bridgewaters

    Bridgewaters, a high-end catering hall at South Street Seaport, has filed a breach of contract suit against the property’s landlord, a subsidiary of the Howard Hughes Corporation. The suit alleges that the popular venue has been blocked from reopening after Hurricane Sandy, and that its landlord is now threatening to evict the tenant from the property.  [more]

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  • A rendering of a remodeled Pier 17

    Lower Manhattan tourist hot-spots like the South Street Seaport and the Statue of Liberty remain closed following Hurricane Sandy, hurting tourism and local businesses, Crain’s reported. Retailers, restaurants and other Lower Manhattan businesses that count on the constant flow of hundreds of thousands of tourists will likely continue to suffer as sightseers favor parts of the city with less storm damage.

    “We are starting to get questions now about whether downtown is open,” Travis Noyes, senior vice president of New York Water Taxi, a commuter-service operator that also offers harbor tours to visitors, said. [more]

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  • From left: Faith Hope Consolo and a rendering of Pier 17

    The future of the proposed South Street Seaport revitalization project is uncertain, the Wall Street Journal reported. The culprit: Hurricane Sandy, whose landfall in Lower Manhattan not only damaged the South Street Seaport Museum, but also could have damaged Pier 17, where Howard Hughes Corp. is planning a redesigned mall.

    Now that the site is closed, and could be closed for two years with construction, retailers could get cold feet in signing leases and the site may have problems getting visitors, real estate experts told the Journal. “People have a short time span to remember,” Faith Hope Consolo, chairman of Douglas Elliman’s retail group, told the Journal. [more]

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  • A proposed tower for South Street Seaport that was rejected by LPC

    Though the city’s Economic Development Corp. approved Howard Hughes Corp.’ overhaul of the South Street Seaport retail complex, the local community was quick to tell Downtown Express that it’s far from a done deal. The project still has to undergo the Uniform Land Use Review Procedure, which usually endures for seven months, and there are still significant concerns, according to Michael Levine who directs Land Use and Planning for local Community Board 1. [more]

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  • From left: Howard Hughes CEO David Weinreb, EDC President Seth Pinsky and a rendering of the project

    Howard Hughes Corp. announced today that it has reached an agreement with the city’s Economic Development Corporation to overhaul Pier 17 in Lower Manhattan, Crain’s reported. Construction is projected to begin next year, and be completed by 2015. [more]

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  • Fulton Street Transit Center rendering

    The Metropolitan Transportation Authority is issuing a request for proposals Thursday to find a manager for 70,000 square feet of high-end retail space under construction at the Fulton Street Transit Center. While the Wall Street Journal noted that this is just some of the nearly 1 million square feet of new retail space being prepared for the area, retail brokers believe there is enough demand to fill the flood of new supply. [more]

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  • A rendering of 80 South Street

    The South Street Seaport area could finally be getting a new skyscraper. Curbed reported that there are now plans to construct a 300,000-square-foot, 780-foot mixed-use tower at 80 South Street, with a mix of hotel, residential and community space.

    Cord Meyer Development owns the plot, and according to Curbed, is examining the property’s air rights to see if half of the proposal’s square footage can be dedicated for residential use. [more]

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  • A rendering of the plans for the South Street Seaport

    Regarding Pier 17, that misbegotten pile that opened in August 1983 on the East River and dominates the South Street Seaport, the most recent “AIA Guide to New York City” (dated 2010) says it best: “What was intended as a time capsule of the early 1800s has become an inadvertent time capsule of the early 1980s. … The best thing about it is the East River lapping cheerfully about the foundations and the cry of gulls overhead. The worst thing about it is everything inside.” [more]

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  • A rendering of the plans for the South Street Seaport

    The South Street Seaport in its current form is not long for this world, it seems, the New York Times reported. In a hearing yesterday with the Landmarks Preservation Commission, owner the Howard Hughes Corporation outlined its ambitious plans to “turn Pier 17 into a glass-clad shed dominated by two 60,000-square-foot sales floors on the upper level,” the Times said, which would mean that no large-scale retailers could be accommodated. And so far, the LPC seems receptive. [more]

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  • Howard Hughes CEO David Weinreb (top), Crown Acquisition Chairman Stanley Chera and a rendering of South Street Seaport's Pier 17

    Howard Hughes Corp. finally made renderings public for its planned renovation of South Street Seaport’s Pier 17, and according to the New York Post, it brought in Stanley Chera’s Crown Acquisitions to attract new tenants and help manage the mall.

    As previously reported, the new glass-shrouded, three-story mall will take the same footprint as the existing structure, and feature a rooftop park, walkways bisecting the mall and 250,000 square feet of selling space (see the rendering at right). [more]

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  • Howard Hughes meets with LPC on Pier 17

    January 11, 2012 01:30PM

    Howard Hughes Corp., which leases the South Street Seaport, has begun sharing its plan for redeveloping Pier 17 with the Landmarks Preservation Committee, according to Crain’s. Monday was the most recent meeting between the developer and the city commission.

    The developer hopes to file its plan with the committee sometime early this year. Community Board 1 has indicated they would prefer plans for both Pier 17 and the seaport as a whole, that are not too tall and don’t attract so many tourists. [more]

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    Howard Hughes CEO David Weinreb and Pier 17

    South Street Seaport leaseholder Howard Hughes Corp. unveiled plans to the local community board to replace the mall that currently sits on Pier 17 with a three-story glass retail building. According to the Tribeca Tribune, the community walked away impressed with the plan — but aware that a taller tower will likely follow.

    “You can’t just be doing one building without knowing what your master plan is for the rest of the pier,” said John Fratta, chair of Community Board 1′s Seaport Committee. “I’m willing to bet there is going to be a high-rise in the future.” … [more]

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  • Demand to purchase in the residential enclave of South Street Seaport is growing so rapidly that some properties are sold before they are publicly listed, Phyllis Pei, an agent at Prudential Douglas Elliman, told the New York Times, a sign that the area is rebounding, independently of the Financial District.
    So far in 2011, 273 sales have closed in the Seaport/Fulton Street area stretching west to Broadway, with an average sales price of more than $915,000, Streeteasy.com data shows. The average rent for the area is $3,775.
    South Street Seaport, the 13-block historic district bounded by the East River and and Dover Street and the Brooklyn Bridge to the north, is a neighborhood with two very different faces, the New York Times said — a residential area is growing in the North, and to the South, a tourist destination served by Pier 17.
    [more]

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  • A construction project to transform the South Street Seaport that is set to start this weekend after many delays could force around 30 restaurants and small businesses in the area to close, am New York reported. The project is intended to transform Peck Slip Plaza into a park. Part of the construction will involve shutting off water to several of the restaurants at different hours and the business owners point out that it would be illegal for them to operate without running water. The owners also say that noise from jackhammers and scaffolding will keep customers away from the scenic outdoor seating that is the area’s draw. They suggest postponing the project until winter. The city’s Department of Design and Construction pointed out that the construction will take four years regardless of whether it starts this summer. … [more]

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  • South Street Seaport to see a revival

    January 07, 2011 10:01AM

    Plans to redevelop the South Street Seaport are once again up for discussion, according to the Downtown Express. Its owner, the Howard Hughes Corporation, a spin-off of General Growth Properties, has acknowledged that it is reviving the plans, which include a hotel, a condominium tower and retail shops. In 2007, General Growth developed a plan to enhance public access to the waterfront at South Street Seaport, intending to create pedestrian-only streets that extend beyond the city grid. … [more]

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