NEW YORK CITY-Howard Hughes Corp.officially started the redevelopment of the South Street Seaport Thursday with a groundbreaking ceremony for the Pier 17 building. The company’s CEO, David Weinreb; president Grant Herlitz and senior EVP of development Chris Curry were joined by elected officials and community leaders—including Mayor Michael Bloomberg, City Council member Margaret Chin, Community board 1 chair Catherine McVay Hughes and Department of Cultural Affairs commissioner Kate Levin—for the ceremony overlooking the East River and Brooklyn Bridge.

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