From the October issue: For its first development project in New York City, the Howard Hughes Corporation set out to build a massive mixed-use hub in Lower Manhattan’s South Street Seaport — complete with a towering 500-foot condominium and a four-level shopping mall on the waterfront. But in the six years that Howard Hughes has controlled portions of seven buildings in the district, it has increasingly scaled back its vision for the area from a high-density wonderland to a midsize tourist trap.
The Dallas-based development firm initially proposed a 52-story skyscraper with condo units and hotel rooms at the site of the historic New Market Building. [more]