A spirit of renewal and revitalization has energized Lower Manhattan in the wake of September 11th, 2001. The area—the fastest growing in Manhattan—has transformed itself from a largely commercial district that shut down at 5 p.m. into a lively neighborhood that combines the best of new housing, parks, Fortune 500 businesses, and retail.

The progress in rebuilding the World Trade Center has set off a ripple of development benefiting Lower Manhattan-from Fulton Street to the Battery, and now to the South Street Seaport. Redeveloping the Seaport is the next phase in realizing Lower Manhattan's full potential, reconnecting the community to New York's Harbor.

The Seaport lies at the east end of Fulton Street, one of downtown's most vital thoroughfares. When the World Trade Center is rebuilt in 2013, Fulton Street will be the only downtown arterial that fully extends across Lower Manhattan from the Hudson to the East River. Redeveloping the Seaport is a major step in the Fulton Street corridor's revitalization.

Part of that redevelopment is a plan to replace the Pier 17 mall with additional open spaces, two hotels, apartments, free-standing retail buildings, and a preserved Tin Building. As part of these improvements, the downtown pedestrian street grid will be extended onto Pier 17, which effectively will weave the isolated pier into the city fabric.

The new pier also will tie into the city's East River Esplanade project-part of a larger plan to “green” Manhattan's waterfront-providing five acres of open space along a continuous promenade.

GGP's redevelopment of the new Seaport also will contribute to Lower Manhattan's long-term economic stability through new jobs, great architecture, year-round events, and an influx of new retail, restaurants, and attractions. Improved water-transit access will also boost waterside access to and from the Seaport

GGP’s Seaport vision will bring creative investment and responsible, community-focused development to an ever more vibrant Lower Manhattan. The new Seaport is key to a 24/7 downtown community—creating an easily accessible, dynamic, and diverse destination that reflects and serves the growing downtown population.

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