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Howard Hughes Corp. Gets Final Approvals on $850M Seaport Mixed-Use
The Howard Hughes Corporation has gotten final approvals from the city for its $850-million 250 Water St. development project at the Seaport in Lower Manhattan. The 26-story mixed-use project, will include both affordable and market-rate rental apartments, in a switch from the original plan to offer for-sale housing.
A condition of project approval was HHC’s donation of $40 million to the South Street Seaport Museum, with another $10 million in museum funding from the city. HHC has also obtained approval from the City to extend the company’s ground lease for city-owned properties at the Seaport to 99 years.
“We are firmly committed to a bright future for the Seaport neighborhood, and our 250 Water St. project is at the heart of our vision for this vital and historic part of the city,” said Saul Scherl, president of the New York Tri-State region for HHC.
- ◦Development
- ◦Policy/Gov't

