Friday, March 22, 2013

NYC Council Approves $200M South St. Seaport Redevelopment




National Commercial Real Estate News From CoStar Group





NYC Council Approves $200M South St. Seaport Redevelopment



The New York City Council unanimously approved developer Howard Hughes Corp.'s plan to transform the dated South Street Seaport on Pier 17 on the East River into an upscale shopping and dining center.

The council approved the plans after Howard Hughes Corp. (NYSE: HHC) agreed to delay eviction of current tenants and construction until after the summer season, giving Lower Manhattan merchants a chance to recoup proceeds and recover from the economic...






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