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A Regional Market at South Street Seaport
March 18th, 2010

seaport

Photo (cc) 2006 David Reeves

Is the New York City Economic Development Corp. open to Council Speaker Christine Quinn’s proposal to create a regional market at the South Street Seaport?

Corporation President Seth W. Pinsky thinks so.

“We definitely agree that a regional market is a good use for the South Street Seaport,” Pinsky said this afternoon at a City Council budget hearing.

The corporation and seaport owner, General Growth Properties, had been working on a redevelopment plan for the downtown shopping area for several years. That plan included a specialty food market.

But when Properties filed for bankruptcy in April of 2009 — predominantly an effect of the real estate bust — the redevelopment proposal was abruptly put on hold.

Now that General Growth Properties appears to be emerging from bankruptcy, Pinksy expects the project to move forward. A hearing on the developer’s exit from bankruptcy will be later this spring.

In her state of the city this year, Quinn, partnering with the local councilmember, Margaret Chin, suggested creating a permanent regional market at the former site of the Fulton Fish Market near the South Street Seaport. “Our market would be a destination for residents and tourists of every income. A place to meet friends for shopping, or sit and read over a cup of coffee. A place where kids could see cooking demonstrations by celebrity chefs, or learn how food gets from the farm to city,” Quinn said in her address.

Looks like that plan may become a reality.

Also this morning, Pinsky said the city is still negotiating with property owners in Queens so it can move forward with its Willets Point development. Currently, he said, the city has secured 70 percent of the property and is negotiating the relocation of other property owners for the final 30 percent.

Pinksy said the corporation is waiting out the economic downturn to put the project out to bid, which he projected could happen later this year or early 2011. The corporation put out a “request for qualifications” — the precursor to the actual request for proposals — late last year. They received 29 responses. The city will develop the area piece by piece, starting in the southwest, he added.

By on March 18, 2010, 3:10 pm
In category: City Hall,Community Development,Economy,Gotham City,Land Use,nextNY,Public Finance,Waterfront | 9 Comments »

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9 Responses to “A Regional Market at South Street Seaport”

  1. rick Says:
    March 18th, 2010 at 8:54 pm

    Article written without doing any research. great….

  2. biggie Says:
    March 18th, 2010 at 9:03 pm

    what liars edc is ,nothing is happening at willets point ask edc whats going on with the ramp aproval , what a bs ARTICLE willets point will be stoped by the land owners

  3. Raffie Says:
    March 22nd, 2010 at 7:26 am

    My sources say the WPU is almost broke.

    Stop stealing Biggie’s handle. You are too dumb to be Biggie.

    Hopefully they’ll clear out the slop with a stinger missile soon.

  4. Raffie Says:
    March 22nd, 2010 at 7:27 am

    Hey Joe.

    Are you having another clean up day? Or was that a one time publicity stunt?

    the place still smells like crap

  5. Raffie Says:
    March 22nd, 2010 at 7:30 am

    these clowns at WPU are so disorganized and broke they are hiding in their junk yards.

    Atlantic Yards group was much better organized and they are packing their bags.

    The time is short for the wet back polluters in Willets Point.

    Time to go find some place else to pollute.

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