A proposed New York City development has spawned a fierce debate over how to use public lands, how new architecture fits into a historic area and whether generous concessions and amenity packages from developers can make an otherwise-opposed project a reality.
If that sounds familiar to DC residents, there’s a reason: DC’s large swaths of often-valuable city-owned land are often the subject of similar debates across the city, from Hine Junior High School at Eastern Market to McMillan Park to the Grimke School near U Street.
The Howard Hughes Corporation wants to redevelop Manhattan’s South Street Seaport in a project of Wharf-like proportions, according to a report in Tuesday’s New York Times. The $1.5-billion redevelopment project would include a 500-foot condominium tower that’s the subject of all the consternation from neighbors. The Seaport is filled with small, historic brick buildings that neighbors want to preserve — and the condo tower would block views.
But in addition to — or perhaps in exchange for — building the tower, the Howard Hughes Corporation has offered a $300 million amenity package to the city, which would include building a public middle school, restoring damaged historic buildings, and creating a market. That hasn’t stopped neighbors and the local city council member from opposing the project.
Howard Hughes’ CEO, David R. Weinreb, told the NYT that the neighborhood couldn’t get one without the other.
“We feel like we’ve met every one of the community’s needs, except the elimination of the tower,” he said. “The tower represents the economic driver for everything else.”
See other articles related to: nyc
This article originally published at http://dc.urbanturf.com/articles/blog/new_york_debates_a_controversial_condo_that_would_bring_300_million_in_city/9538
Most Popular... This Week • Last 30 Days • Ever
Our guide for amateur landlords who don't really know what they're doing.... read »
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
Brookfield Properties is moving forward with development plans for additional sites i... read »
Marcus Partners filed plans late last week with Arlington County for the development ... read »
The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
When you buy a home in the District, you will have to pay property taxes along with y... read »
A month after finding a new Virginia home, Washington Capitals forward T.J. Oshie ha... read »
While development has remained slow and steady in the Buzzard Point area, the pipelin... read »
Though the cash offered by a reverse mortgage may seem attractive, many borrowers lik... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro