Rendoring of Howard Hughes Corporation's Pier 17 Redevelopment
Redevelopment of historic South Street Seaport has been a hot-button issue since Hurricane Sandy ravaged lower Manhattan in 2012, and the fate of the iconic waterfront remains unclear.
A plan to turn a vacant Tribeca lot into two new condominiums is once again underway after an almost nine year delay. Developers Andreas Giacoumis, along with Darrin Krampus of BORO Architects, presented Committee Board 1 with original designs for 246 Front Street and 267 Water Street, which were supposed to be erected in 2003 when the Landmark Preservation Commission approved the plans. The economy experienced a sharp downturn, however, and developers became wary of building new property throughout Manhattan neighborhoods, so the project was stalled.