Real estate giant Howard Hughes Holdings received another OK to continue building a major development near the South Street Seaport.
The New York Court of Appeals ruled Tuesday that it will not reconsider an Appellate Court’s ruling in favor of a major development project underway at 250 Water St. in Lower Manhattan. The site is a full-block parking lot owned by real estate development firm, Howard Hughes Holdings, Inc., located just a short walk from the South Street Seaport Museum.
cleared all existing impediments to construction and unlocked tremendous value for Howard Hughes shareholders.” “I remain deeply concerned about Howard Hughes Corp.’s development plans at 250 Water St.,” Marte said. “Residents have already begun to feel the impacts of this site, from dust, noise, and even smells raising the alarm about the safety issues brought about by the remediation work.”
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