The Howard Hughes Corp. has unveiled a comprehensive proposal for Lower Manhattan’s Seaport area, including the transformation of an underutilized full-block surface parking lot along the boundary of the South Street Seaport Historic District into a mixed-income development that would include some of the area’s first new affordable housing in decades.
The $1.4 billion proposal also provides for the long-term financial stability of the beloved South Street Seaport Museum, improvements to the Museum’s historic buildings that will allow it to reopen, and a design for a new Museum building on an adjacent vacant lot. HHC’s plan comes after more than a year of community input that significantly helped shape it. The plans were designed by world-renowned architecture and urban design firm Skidmore, Owings & Merrill (SOM). As the city focuses on economic recovery from the ongoing pandemic, the 250 Water Street development will help propel that recovery through more than $
