After a long-planned but never executed plan to develop buildings at 80 South Street and 163 Front Street in the South Street Seaport, the site’s owner has officially filed demolition permits at both buildings, Curbed learned. As 6sqft previously covered, the Howard Hughes Corporation sold 80 South Street to China Oceanwide Holdings for $390 million last March. Although the developer hasn’t released construction plans yet, the building is expected to be 113 stories tall, reaching an impressive 1,436 feet (to give you an idea of just how tall this is, 432 Park is 1,396 feet tall, and One World Trade Center is 1,368 feet tall by roof height).
Architect Santiago Calatrava’s plan for 80 South Street, 2005
Morali Architects’ proposed design, 2013
Developers have previously attempted to revitalize both buildings: In 2005, architect Santiago Calatrava revealed plans to build a 1,123-foot-tall, stacked cube supertall with only ten units. Although the design was approved by the Department of Buildings, it later failed after developer Frank Sciame sold the site in 2008. Then, in 2012 Cord Meyer Development purchased the site and pitched designs by Morali Architects to create an eco-friendly tower with a photovoltaic glass facade. After this failed to materialize, Cord Meyer sold the site to Seaport developer Howard Hughes in 2014.
With last year’s sale of the property, China Oceanwide Holdings was transferred an additional 303,113 square feet in air rights on top of the already secured 104,167 square feet, bringing the site’s development potential to 817,784 square feet. While construction plans have yet to be filed with the Department of Buildings, it’s expected to contain 441,077 square feet of residential space with 376,707 square feet of hotel, office or retail space.
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Neighborhoods : Financial District