Posted Mar 26, 2014, 5:26 AM
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Join Date: Feb 2013
Posts: 214
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I think this explains it
South Street Seaport owner changes tack
http://nypost.com/2014/03/25/south-street-seaport-owner-changes-tack/
Quote:
Frustrated by community activists who don’t want them to build a 50-story tower on the north side of Pier 17, South Street Seaport’s operator is now taking on a sky- high project an anchor’s toss to the south.
We’ve learned The Howard Hughes Corp. is in contract to buy 80 South St., an 8,128 square-foot parcel at South and Fletcher streets where City Planning has already approved a 1,000-foot-tall tower designed by Morali Architects.
Once targeted for Sky Cubes, a quirky Santiago Calatrava design proposed by Frank Sciame, the fully permitted building was scrapped in 2008 when no one wanted to buy the 10, $29 million-to-$30 million townhome cubes.
Sciame, whose offices are still in the building, recently transferred a $14.5 million mortgage back to the site’s Queens-based owner, Cord Meyer, which is selling the site and plans to HHC.
Meanwhile, the Seaport’s pre-land use review community working group has complained that HHC’s proposed 50-story tower on the former Fulton Fish market is out of character for the ’hood.
Owning and shaping the 80 South St. hotel and residential tower, possibly with its own Seaport project’s SHoP Architects, will let HHC maintain area design controls and inject some taller character. Calls to all elicited no comments or were not returned. Stay tuned.
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Thank god we won't see that horror that was proposed.
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