Mar
21
NYC Seaport Redevelopment Commands $390M
ByChina Oceanwide Holdings paid a hefty price to acquire 80 South St. from The Howard Hughes Corp.
Rendering of 80 South St. project in New York
New York—China Oceanwide Holdings has acquired 80 South St., a planned 113-story tower in New York City’s Seaport District, from the Howard Hughes Corp. (HHC), for $390 million.
“We are pleased to be welcoming our friends at China Oceanwide to the neighborhood and excited about the impact their building will have on the Seaport District,” David Weinreb, HHC CEO, said in a prepared statement. “This transaction is another sign that the Seaport District, with its unmatched views and distinct sense of place, is gaining recognition as one of the city’s hot spots.”…
