A Regional Market at South Street Seaport
March 18th, 2010
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.
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 Courtney Gross on March 18, 2010, 3:10 pm
In category: City Hall,Community Development,Economy,Gotham City,Land Use,nextNY,Public Finance,Waterfront | 9 Comments »