{"id":1004050449,"date":"2012-08-31T07:49:08","date_gmt":"2012-08-31T15:49:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=66058"},"modified":"2020-04-06T07:32:24","modified_gmt":"2020-04-06T15:32:24","slug":"complex-redesign-project-announced-for-nycs-historic-pier-17","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/complex-redesign-project-announced-for-nycs-historic-pier-17\/","title":{"rendered":"Complex Redesign Project Announced for NYC\u2019s Historic Pier 17"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">Howard Hughes Corporation (HHC)\u2014a company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.\u2014and 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\u2019s most popular areas. South Street Seaport dates back to the 1600&#8242;s and was recently named the 26<sup>th<\/sup> most-visited tourist attraction in the world by <em>Travel &amp; Leisure Magazine<\/em>.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/Pier-17-revamp.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-66109\" title=\"Pier 17 revamp\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/Pier-17-revamp.jpg\" alt=\"\" width=\"300\" height=\"189\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">HHC\u2019s 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.<\/p>\n<p style=\"text-align: justify;\">&#8220;The re-envisioned Seaport transforms the pier&#8217;s iconic waterfront setting into an energetic, highly engaging destination for shopping, dining and entertainment in Lower Manhattan,&#8221; said Howard Hughes Corporation CEO David R. Weinreb.<\/p>\n<p style=\"text-align: justify;\">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\u2019s lower levels, offering superb views of the Brooklyn Bridge.<\/p>\n<p style=\"text-align: justify;\">According to <em>Bloomberg<\/em>, 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.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-vacancies-and-rents-at-extremes-in-manhattan-new-development-slowly-materializes\/1004058091.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong> <\/a>for more market data on New York City.<\/p>\n<p style=\"text-align: justify;\"><em>Rendering of the revamped Pier 17 courtesy of SHoP Architects<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howard Hughes Corporation (HHC)&mdash;a company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.&mdash;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&rsquo;s most popular areas. South Street Seaport dates back to the 1600&#8217;s and was recently named the 26th most-visited tourist attraction in the world by Travel &amp; Leisure Magazine.<\/p>\n","protected":false},"author":1269,"featured_media":1004507081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[1815],"class_list":["post-1004050449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Complex Redesign Project Announced for NYC\u2019s Historic Pier 17 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/complex-redesign-project-announced-for-nycs-historic-pier-17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Complex Redesign Project Announced for NYC\u2019s Historic Pier 17\" \/>\n<meta property=\"og:description\" content=\"Howard Hughes Corporation (HHC)&mdash;a company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.&mdash;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&rsquo;s most popular areas. South Street Seaport dates back to the 1600&#039;s and was recently named the 26th most-visited tourist attraction in the world by Travel &amp; Leisure Magazine.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/complex-redesign-project-announced-for-nycs-historic-pier-17\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-31T15:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T15:32:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Pier-17-revamp.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Complex Redesign Project Announced for NYC\u2019s Historic Pier 17\",\"datePublished\":\"2012-08-31T15:49:08+00:00\",\"dateModified\":\"2020-04-06T15:32:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Pier-17-revamp.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/complex-redesign-project-announced-for-nycs-historic-pier-17\\\/\",\"name\":\"Complex Redesign Project Announced for NYC\u2019s Historic Pier 17 - 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