New York City has given Howard Hughes Corp. final approval for its $850 million development project at 250 Water St. at the Seaport in Lower Manhattan.
The 26-story mixed-use project will feature residential rental apartments, office, retail and community space.
One change since the project was first introduced: The building's market-rate residential component originally was going to be for-sale units. It will now offer market-rate residential rental units instead.
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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.
