The Howard Hughes Corp. is completely reconstructing Manhattan's historic Tin Building as part of its ambitious $1.4 billion proposal to revitalize the city's Seaport District. The 53,000-square-foot marketplace is expected to reopen next year sporting a robust e-commerce platform for its mix of retailers and restaurants.
The company's proposal, unveiled in October, will also bring mixed-income development and the area's first affordable housing units to the market in decades. The project is located on a full-city block surface parking lot at 250 Water Street in the South Street Seaport Historic District area.
To spearhead the Tin Building's e-commerce initiative, the company has hired Nathaniel Milner—an industry veteran with almost 20 years in the E-commerce and culinary realms—as vice president of E-commerce and Logistics. Another chief player in the marketplace's revamp is chef Jean-Georges Vongerichten, who will curate a new culinary experience for visitors.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
