YIMBY went to take a look at 250 Water Street, the site of Howard Hughes‘ planned supertall in the South Street Seaport District. Early renderings from Skidmore Owings & Merrill show the mixed-use skyscraper rising nearly 1,052 feet tall. However, it may be a few years before any progress begins on the Financial District project, which would become the tallest residential building below Canal Street.
In its current state, the site is occupied by an active full-block LAZ Parking lot. 250 Water Street is bound by Pearl Street to the northwest, Peck Slip to the northeast, Water Street to the southeast, and Beekman Street to the southwest. Photographs below show the surrounding neighborhood and the skyline of the Financial District. The land gradually slopes downward towards the East River and is surrounded by a mix of historically landmarked and residential low- to mid-rise buildings. The Brooklyn Bridge is one block away to the north, while the East River waterfront and Pier 17 are both two blocks to the east by the FDR Drive.
250 Water Street is planned to rise 89 stories with 1,038,950 square feet divided between commercial, hotel, and residential components. The ground level will yield 47,820 square feet of commercial space, while the second through fifth floors will have a cumulative 179,370 square feet of commercial space. The hotel above is set to span 156,800 square feet from floors seven through 22. Residential units occupy 608,630 square feet from the 24th through the 87th floors. Mechanical levels will take up 46,330 square feet on floors six, 23, 88, and 89. It’s unclear as how many of the 550 to 700 units will be designated for affordable housing. See our previous article for more additional info. Below are the first batch of preliminary renderings that show a potential brick masonry podium.
A spokesperson from Howard Hughes Corporation recently informed YIMBY stating, “these renderings are outdated and do not depict designs under consideration for 250 Water Street.”
Hotel guests and residents will have panoramic views of the East River and the Lower Manhattan and Midtown skylines thanks to the skyscraper’s isolated position away from other tall buildings. The Fulton Street subway hub is a ten-minute walk from the site, with access to the 2, 3, 4, 5, A, C, J, and Z trains.
A start and completion date for 250 Water Street not been disclosed.
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