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Old Posted Aug 14, 2018, 12:54 AM
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http://tribecatrib.com/content/howard-hughes-corp-talks-possible-dealmaking-win-variance-support

Howard Hughes Corp. Talks Possible Dealmaking to Win Variance Support









By CARL GLASSMAN
Posted Aug. 01, 2018


Quote:
Some dealmaking may be on the horizon between the Howard Hughes Corp. and community leaders over development of the company’s latest Seaport investment, 250 Water Street.

In June, Hughes Corp. bought the full-square-block parcel from Milstein Properties for $180 million. The company says it has yet to come up with plans for the site, now a parking lot bordered by Pearl, Peck Slip and Beekman. But limited by zoning to a 120-foot-tall, 290,000 square foot building, the developer is talking about possible trade-offs with the community and the city that might win them support for a taller structure.
Quote:
Scherl said the company has begun interviewing architects but “we don’t have plans to file next week, next month, for that matter probably even this year.” Proposals, he noted, will first be presented to the Seaport Advisory Group, an amalgam of community leaders, and elected and other city officials. (Previous discussions with Hughes Corp. about Seaport development took place behind closed doors with a similar body, the Seaport Working Group. It is unclear whether the public and press will be barred from observing these future talks.)
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