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, as The Real Deal previously reported.
Representatives from the company had initially told tenants that would be able to stay through May. Tenants have begun pressuring the company and the city to push construction back until October in order to capitalize on the summer retail spike. [DNAinfo]– Hiten Samtani