Complex Redesign Project Announced for NYC’s Historic Pier 17
- Aug 31, 2012
Howard Hughes Corporation (HHC)—a company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.—and the New York City Economic Development Corporation (NYCEDC) have reached an agreement for a multi-year revitalization project of a 195,000-square-foot building at South Street Seaport, one of Manhattan’s most popular areas. South Street Seaport dates back to the 1600′s and was recently named the 26th most-visited tourist attraction in the world by Travel & Leisure Magazine.
HHC’s proposed revamp plan calls for a complex transformation of Pier 17, according to a recent press release. The redesigned building will feature an open rooftop with space for concerts, music and other events, as well as a glass-enclosed retail center with stores, restaurants and neighborhood shops.
“The re-envisioned Seaport transforms the pier’s iconic waterfront setting into an energetic, highly engaging destination for shopping, dining and entertainment in Lower Manhattan,” said Howard Hughes Corporation CEO David R. Weinreb.
Designed by SHoP Architects, the re-imagined Pier 17 echoes the typical New York streetscape, featuring smaller individual structures with shops and restaurants that are delimited by open-air pedestrian thoroughfares. Two large floors, each measuring 60,000 square feet, will stretch out above the shops forming a roof, and giant glass doors will descend in bad weather to protect the structure’s lower levels, offering superb views of the Brooklyn Bridge.
According to Bloomberg, construction at the site is scheduled to start by mid-2013, and the project should be completed in 2015. Reportedly, HHC will get a rent credit of $1.5 million over a 30-month period. The developer will also pay $1.1 million to maintain the esplanade over the next five years.
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Rendering of the revamped Pier 17 courtesy of SHoP Architects