📋 Tender Overview
ScopeHoward Hughes Corp. will be expanding its presence in New York Citys historic downtown seaport that promises to revitalize the South Street Seaport Museum.The City of New York has approved the companys 850 million development at 250 Water Street the linchpin of which will be a 26-story mixed building that will blend affordable housing with market-rate for-sale units as well as office retail and community space. The agreement gives HHC a seaport foothold on the property for 99 years through ground-lease extension.The 250 Water Street project will not only transform an outdated parking lot into high-quality mixed-income housing it will also provide a critical lifeline to one of my districts-and our citys-most treasured cultural institutions the South Street Seaport Museum said New York City Council Member Margaret Chin.HHC received approval for 250 Water Street as it nears completion of the Tin Building a historic seaport structure being refurbished as a marketplace in partnership with Chef Jean-Georges Vongerichten thats set to open in the spring of 2022.
