The Real Deal New York

Howard Hughes hatches 50-story tower for Seaport

November 19, 2013 01:30PM

Howard Hughes Corporation’s plans for the South Street Seaport redevelopment include a 50-story hotel and apartment tower. The developer, which controls the seaport through a lease with the city, said the building would be the catalyst for the rehabilitation of the pier and neighboring buildings.

“The re-envisioned seaport district will transform the piers’ iconic waterfront setting into a vibrant, highly engaging area, while providing a critical catalyst for the revitalization of Lower Manhattan,” David Weinreb, CEO of Howard Hughes Corporation, told the New York Times. The tower will be built on the north side of Pier 17, at the site of the currently vacant New Market Building.

The developer will show the area’s Community Board 1 preliminary plans for the development today, according to the newspaper. Along with the new tower, the plan calls for the reconstruction of the historic Tin Building and the addition of a marina, as well as a large new mall at Pier 17.

Now-bankrupt General Growth Properties controlled the seaport’s lease prior to Howard Hughes Corporation and in 2008 announced its own plans for a 42-story apartment tower, according to the newspaper. [NYT]  – Hiten Samtani