NEW YORK CITY—The Howard Hughes Corp. has confirmed its interest in expanding its investment in the South Street Seaport District with the proposed acquisition of 80 South St.
The two sites are separate—and sit a few blocks apart—but are separate projects. 80 South St. has been approved for a 1,000 foot tower. However, Howard Hughes is not under obligation to close on the acquisition of 80 South St. and is currently undergoing feasibility analysis of a potential development on the site.
At the Seaport, Howard Hughes Corp. is redeveloping Pier 17 and is working with the community on its proposal for a mixed-use project that includes a mixed-use building with hotel and residential uses, a new marina, restoration of the Tin Building, an extension of the East River Esplanade, a food market and a plan to ensure the long term future of the Seaport Museum.
“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,” says Chris Curry, senior EVP of development for Howard Hughes. “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.”
The company declined further comment.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
