South Street Seaport community fears new tower

TRD New York /
Sep.September 05, 2012 02:30 PM

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.

The ULURP board will raise questions as to what the community would get in exchange for approving the complex, work to ensure there is enough open space and demand assurances that Howard Hughes has the financial wherewithal to complete the project. But it’s main concern is a master plan for the South Street Seaport area, which Howard Hughes has declined to provide.

“I think their master plan, which they don’t want to talk about right now, is probably going to include a tower on the site of the Tin Building and the New Market Building, which our community, of course, is going to be opposed to,” said John Fratta, who heads CB1’s Seaport Committee.

While Howard Hughes does not currently own the buildings, it has an agreement with the EDC to gain control of the properties, according to Fratta, who said the community supports an alternate proposal to expand the New Amsterdam Market into a permenant feature of the existing structures. [Downtown Express] — Adam Fusfeld


Related Articles

arrow_forward_ios
Howard Hughes’ Saul Scherl and a rendering of 250 Water Street (Getty, The Howard Hughes Corporation/SOM)

Howard Hughes to launch review process for $1.4B Seaport tower

Howard Hughes to launch review process for $1.4B Seaport tower
Howard Hughes Corporation CEO Paul Layne with former CEO David Weinreb (Credit: Getty Images)

As Howard Hughes tries to right ship, Seaport remains an albatross

As Howard Hughes tries to right ship, Seaport remains an albatross
Howard Hughes CEO David R. Weinreb and South Street Seaport (Credit: NYCgo)

Amid talks of company sale, Howard Hughes lands $250M loan for Seaport project

Amid talks of company sale, Howard Hughes lands $250M loan for Seaport project
From left: CEO David Weinreb and Chairman Bill Ackman

Developer Howard Hughes mulls sale amid continued financial uncertainty

Developer Howard Hughes mulls sale amid continued financial uncertainty
The site (left) and a rendering of 80 South Street (Credit: Google Maps; rendering via YIMBY by ATCHAIN)

China Oceanwide takes out $175M loan against supertall Seaport site

China Oceanwide takes out $175M loan against supertall Seaport site
250 Water Street and Howard Hughes Corporation CEO David Weinreb (Credit: Google Maps)

Howard Hughes faces more backlash at Seaport. This time, it’s over toxic contamination concerns

Howard Hughes faces more backlash at Seaport. This time, it’s over toxic contamination concerns
Ward Village (Credit: Howard Hughes Corporation)

Hawaii’s answer to Hudson Yards: This 60-acre megaproject in Honolulu

Hawaii’s answer to Hudson Yards: This 60-acre megaproject in Honolulu
(Credit: Rockwell Group courtesy LPC, illustration by Wons Noj via Wikimedia Commons)

Winter is coming: Rockwell Group to build pop-up “village” at Pier 17

Winter is coming: Rockwell Group to build pop-up “village” at Pier 17
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...