Howard Hughes Corp. sets sights on 80 South Street

Property close to company's controversial planned project at Pier 17

TRD New York /
Mar.March 26, 2014 08:20 AM

UPDATED, 2:08 p.m., March 26: The Howard Hughes Corporation has entered contract for land just south of its planned 50-story tower at South Street Seaport’s Pier 17. The 8,128-square-foot parcel at 80 South Street has already received the go-ahead from the City Planning Commission to be transformed into a 300,000-square-foot mixed-use tower.

Queens-based Cord Meyer Development has opted to sell the proposal and site itself to Howard Hughes. Morali Architects was behind the design of the tower, which would hold a residential component, a hotel and a community space. Before the recession, Frank Sciame designed plans for a different tower, with 10 townhome cubes priced at roughly $30 million. After the project was canceled due to lack of interest from buyers, Sciame transferred a $14.5 million loan to Cord Meyer.

“The Howard Hughes Corporation is committed to Transforming The South Street Seaport, and today we are reaffirming our belief in the future of the area by expanding our investment,” said Chris Curry, senior executive vice president of development at Howard Hughes, said in a statement. “Our immediate priority is the rebuilding of Pier 17, bringing great new retail back to the historic district and advancing our proposed mixed-use project with its vital pier infrastructure investments.”

Neighbors of the South Street Seaport are currently protesting Howard Hughes’ 50-story condominium-and-hotel tower project set to rise next to Pier 17, as previously reported. [NYP]Mark Maurer


Related Articles

arrow_forward_ios
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
Milstein lends $130M on Seaport site it long owned

Milstein lends $130M on Seaport site it long owned

Milstein lends $130M on Seaport site it long owned
arrow_forward_ios

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

Loading...