NEW YORK CITY-A loud and boisterous City Council session on the South Street Seaport redevelopment project had to be moved across the street to larger quarters at City Hall due to concerns raised by tenants and neighbors.
The hearing held on Thursday featured testimony from Howard Hughes Corp., the Dallas-based developer who is trying to win city approval to tear down the Pier 17 mall and build a new building there beginning by June 30, according to Crain's New York Business.
Tenants of the existing Pier 17 mall would like to remain in the facility until the end of the summer. In addition, some are questioning whether they will be invited back to the Seaport once the new building is completed.
None of the tenants, who have been asked to vacate Pier 17 by April 30, have been encouraged to come back to the new building, according to City Councilwoman Margaret Chin
The developer's representatives at the session held at City Hall said the firm plans to spend $200 million on the redevelopment. More hearings on the issue are expected before a final council vote in mid-April. See story in Crain's New York Business.
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