Posted Mar 16, 2012, 7:43 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,914
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http://retailtrafficmag.com/developm..._Hit_03152012/
Howard Hughes Corp.’s New York Project Promises to Be a Hit
Mar 15, 2012
By Elaine Misonzhnik
Quote:
The Howard Hughes Corp. unveiled its first project as an independent company this week and it seems to be off to an impressive start with a development plan that has become a smash hit in one of the toughest markets in the country: New York City. The project involves the redevelopment of the South Street Seaport in downtown Manhattan, a retail venue that boasts great demographics and enviable waterfront views, but which has been largely ignored by local residents because of its unimaginative design and merchandising mix...
The plans presented by the Howard Hughes Corp., a spin-off of GGP that focuses on mixed-use projects and development opportunities, would keep the Seaport’s current scale largely intact, adding only 20,000 sq. ft., but would replace the existing enclosed structure with one made largely of glass and steel. The project would feature an open-air rooftop garden and would aim to secure LEED Silver certification. Its glass doors would be kept open in the summer but come down in the fall and winter months to keep out cold air.
Howard Hughes officials still have to present the new design to the Landmarks Preservation Committee. Preliminary plans call for construction to start in 2013, with completion scheduled for 2015.
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