NEW YORK—The Howard Hughes Corporation (HHC) has executed an agreement with the New York City Economic Development Corporation to revitalize the South Street Seaport. HHC’s plan for the Pier 17 building at the Seaport has been approved by the Landmarks Preservation Commission with support from Community Board 1 and will begin the Uniform Land Use Review Procedure (ULURP) for its proposed plan.

Plans for the redeveloped Pier 17 include an open rooftop and a glass façade, retail space, restaurants and neighborhood shops. Larger open spaces on the pier level along with the new rooftop space will be suited for outdoor entertainment and offer views of the city skyline, East River and Brooklyn Bridge.

Based on a construction start in 2013, the redevelopment of Pier 17 is expected to be completed in 2015. The finished project is expected to provide major economic benefits for Lower Manhattan and the City, including increased sales taxes and new employment. SHoP Architects will be serving as the architect on the project.

Comprised of historic buildings and a shopping mall, the South Street Seaport includes approximately 300,000 sq. ft. of retail space and features cobblestone streets, gas lamps and a museum.