Today, YIMBY has a look at a new set of renderings for 250 Water Street, a mixed-use supertall proposed to rise in Lower Manhattan’s South Street Seaport District. The skyscraper is being designed by Skidmore Owings & Merrill and developed by The Howards Hughes Corporation, which purchased the land from Milstein Properties in 2018 for $180 million. There are several possible iterations for the building with a range of varying heights and designs, the tallest of which could stand 990 feet. Over 700,000 square feet of unused air rights from neighboring properties could be transferred and utilized for the development, and the images today were produced by Siniaevart using the diagrams and models that have already been released, and showcase the 880-foot version of the plans.
Below are diagrams of the four possible iterations for 250 Water Street. Each features a podium clad in red brick, and two podium heights of 45 and 80 feet high on opposite ends. The first scheme is the tallest, standing 990 feet tall and measuring just 100 feet in width. The top of this design features a stepped chamfered corner and sloped crown. The second vision features multiple setbacks on the northern and southern elevations and culminates in a flat roof parapet that reaches 880 feet tall, and is the version featured in today’s renderings. The third is two separate towers standing 385 and 775 feet tall. The final image is a very large and wide rectangular superstructure that culminates with a 570-foot-tall roof.
The project could contain 550 to 700 residential units, in addition to retail and office space on the lower floors. Two hundred units could possibly be allocated toward affordable housing under the Mandatory Inclusionary Housing zoning.
250 Water Street sits within the borders of the South Street Seaport District, just to the east of the Financial District. The parcel, which is bound by Pearl Street, Beekman Street, Water Street, and Peck Slip, is currently occupied by a parking lot. The relatively isolated position of the project would make it stand out from the cluster of Lower Manhattan skyscrapers, and would be particularly prominent when viewed from the Brooklyn Bridge, Brooklyn Bridge Park, and Brooklyn Heights.
Howard Hughes Corporation has also announced other plans for the South Street Seaport District including the construction of a 75,000-square-foot New Market Building, set to rise next to the SHoP Architects-designed Tin Building, and the construction of a 30,000-square-foot, six-story structure next to the South Street Seaport Museum.
A timeline of approvals, reviews and revisions, construction, and completion of 250 Water Street have yet to be heard.