Real estate developer The Howard Hughes has broken ground on the Pier 17 building that forms part of the South Street Seaport redevelopment project in New York, US.
Upon completion, the Pier 17 building will feature a mix of retail, dining and entertainment facilities.
The building will also feature a 1.5-acre rooftop that will include a restaurant, two outdoor bars and an amphitheatre capable of accomodating 4,000 people for concerts and special events.
The building will have a glass façade that will feature an array of restaurants and shops.
Howard Hughes said that with 40% more open space, the new development will provide views of the New York Harbor, Statue of Liberty, Brooklyn and Lower Manhattan.
The redeveloped Pier 17 is anticipated to open in 2016 and the project is estimated to generate more than $260m in total economic output during construction.
New York Mayor Michael Bloomberg said, "The investment by The Howard Hughes Corporation will bring even more visitors to the Seaport and more revenue to the city – and it’ll make one of New York’s most scenic sites even more attractive."
The Pier 17 renovation plans have been designed by the US-based SHoP Architects.
SHoP Architects principal Gregg Pasquarelli said the design for the Seaport’s Pier 17 combines the density needed to support active street life on the waterfront with retail corridors.
"The building’s network of interior streets connects to its historic context as well as a series of public spaces designed with James Corner Field Operations, the landscape architect who envisioned New York’s High Line," Pasquarelli said.
South Street Seaport features historic buildings located near the East River in Lower Manhattan.
Image: The Pier 17 building will feature a mix of retail, dining and entertainment facilities. Photo: Courtesy of Business Wire.