Howard Hughes exec Saul Scherl on the firm s next steps in South Street Seaport crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.
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As New York s bankers return to the office, restaurants and bars are seeing a pickup in customers.
One oyster bar across from Citi s headquarters said a recent weeknight was its best Monday ever.
Popular downtown locales like Stone Street will benefit from New York s embrace of open-air dining.
Perched on 52nd Street between Seventh and Eighth avenues in New York City is Gallaghers, a Manhattan mainstay where diners come for the dark, clubby ambiance and stay for the steaks.
They make conversation from their places on ruby-red banquettes and carve into juicy cuts of sirloin, porterhouse, and filet. The restaurant s midtown location puts it not terribly far from the offices of big banks like JPMorgan Chase.
Smaller Plan For 250 Water Street In South Street Seaport Approved By Landmarks Commission
arrow A rendering of the proposed 25-story building for 250 Water Street as seen from the Brooklyn Bridge. Skidmore Owings & Merrill rendering for Landmarks Preservation Commission
A contentious $850 million proposed development in the South Street Seaport district that was ultimately scaled back due to community opposition won approval from a key city agency Tuesday, according to reports.
The Howard Hughes Corporation’s bid to build a 25-story mixed-use tower at 250 Water Street was approved 6-2 by the Landmarks Preservation Commission, the body that would need to greenlight any proposal in the historic district, the Real Deal reported.
The Howard Hughes Corporation CEO David O’Reilly (LinkedIn via David O’Reilly)
If any pigs were seen flying over Lower Manhattan Tuesday, this would explain it: An $850 million development planned for the South Street Seaport Historic District was approved.
The third time before the fussy Landmarks Preservation Commission was the charm for the Howard Hughes Corporation as the board voted 6 to 2 in favor of its downsized but still sizable project at 250 Water Street.
The company’s proposal was among the most controversial in recent city history, with throngs of New Yorkers weighing in about how it would save the nearby Seaport Museum, provide affordable housing and blend in seamlessly with the historic district and Financial District on either side. Plenty of others decried the design, saying the building would overwhelm the area with its height and bulk.
Rendering of project at 250 Water St.
The Landmarks Preservation Commission approved a controversial tower in Manhattan s South Street Seaport in a 6-2 vote on Tuesday, clearing the way for the Howard Hughes Corporation to move forward with its plans for 250 Water St. We appreciate the [commission s] thoughtful feedback and are gratified that the commissioners have deemed our 250 Water St. proposal appropriate for the Seaport Historic District, Saul Scherl, president of Howard Hughes New York tristate region, said in a statement. We worked hard to produce a design that is responsive to the commission s comments and preserves the project s crucial benefits: deeply affordable housing in one of the city s wealthiest neighborhoods and meaningful funding for the South Street Seaport Museum, the heart of the Historic District.