SHoP Floats

East

SHoP's plans for the South Street Seaport may be back from the dead. (Courtesy SHoP)

One of the many flashy architecture projects believed to have been killed off by the recession was SHoP’s highly impressionistic proposal for the waterfront portion of the South Street Seaport. The bankruptcy of mall owner and would-be developer General Growth Properties seemed to scuttle plans for the sail-and-net-inspired complex, but having emerged from court protection, GGP is evaluating what to do with its remaining properties and it appears SHoP may once again be in the mix. The company is being spun off into two pieces following its bankruptcy, with the one made up of mixed-use and development-worthy projects getting a $6.55 billion infusion from three outside investors. It remains up to this new person what to do with the Seaport, but a GGP spokesperson tells Downtown Express, “Presumably the new company would continue to pursue the highest, best use of that property, which we felt was the proposal we put out.” Should the project return, there is still the issue of appeasing the Landmarks Preservation Commission, which saw it as more barnacle than beautiful.

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