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November 21, 2013

Howard Hughes unveils South Street Seaport redevelopment plans

Real estate developer Howard Hughes has unveiled preliminary plans for further redevelopment of the South Street Seaport district in New York, US, which includes a 50-storey hotel and apartment tower.

By admin-demo

South Street Seaport redevelopment

Real estate developer Howard Hughes has unveiled preliminary plans for further redevelopment of the South Street Seaport district in New York, US, which includes a 50-storey hotel and apartment tower.

The proposed developments include construction of a new marina, restoration of the Tin Building, a food market and a mixed-use building.

Plans also include replacement of the deteriorated wooden platform piers adjacent to the concrete Pier 17 structure, East River Esplanade and improved neighborhood connectivity to the water.

A plan to ensure the long term future for the Seaport museum and its tall ships are anticipated to be included in the final proposal.

The development will complement the Pier 17 renovation, which is currently under construction.

The company said under current zoning, the proposed lot, which combines the Tin Building, New Market and Pier 17 sites, will support an additional 700,000ft² of development and allow a 350ft-tall, 100ft-wide tower oriented north/south on the New Market site.

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Howard Hughes is proposing a taller and slimmer building oriented east/west on the New Market site to preserve the view corridors and the development also includes about 670,000ft² of zoning floor area.

Howard Hughes chief executive officer David Weinreb said the re-envisioned Seaport District will provide a catalyst for the revitalisation of Lower Manhattan.

"We are creating a one-of-a-kind experience incorporating the best that New York has to offer in entertainment, culture, shopping and dining in a development that is economically viable while effectively meeting the needs of the neighbourhood and showcasing the Seaport as a treasured part of New York City’s past and future," Weinreb said.

The plan must be approved by the New York City Landmarks Preservation Commission, which iwill go through a Uniform Land Use Review Procedure (ULURP) that requires consent from the New York City Council.

The company anticipates to start the process in early 2014.

Howard Hughes said the proposed plan has been designed to better protect the historic district and surrounding Front Street neighborhood from future storms.

The company notes that the Tin Building will be raised out of the flood plain and flood mitigation measures will be implemented west of FDR Drive.


Image: Seaport mixed-use aerial rendering. Photo: Courtesy of Business Wire.

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