In the News: 250 Water has started excavation work

Yimby reports that excavation is progressing at 250 Water, the site in the Seaport Historic District that will be a 324-foot-tall block-square complex designed by Skidmore, Owings & Merrill and developed by The Howard Hughes Corporation. The development will have 399 total units with 100 affordable rental apartments plus Class A offices, retail space and community facility space.

In June, the appellate division of New York State Supreme Court overturned a ruling from Judge Arthur Engoron that had revoked the project’s certificate of appropriateness from the Landmarks Preservation Commission, allowing the project to move forward.That decision had effectively put a halt to the development. –Crain’s

Patch reports that the oldest sidewalk bridge in the city is in Harlem: the building at 409 Edgecombe has had a continuous sidewalk shed since April 27, 2006 — 17 years. I wonder what our record is? PS 234?

The Wall Street Journal reports that the Woolworth Building’s ‘Pinnacle’ Penthouse, which at one point was listed at $110 million, has sold for for $30 million. The buyer of the roughly 12,000-square-foot Manhattan pad is Scott Lynn, chief executive of online art investment platform Masterworks.

The Observer takes a look inside a recent listing for Penthouse E at 443 Greenwich — on the market for $32.5 million. It’s a four-bedroom, four-and-a-half bathroom duplex with 4,968 square feet of living space on the sixth and seventh floors plus a 1,254-square-foot private rooftop terrace and a deeded indoor parking space. The apartment was given a full remodel by E.B. Min of San Francisco’s Min Design Co.



  1. According to Google maps there was no shed in 2013 but one was up by 2014. So 10 years, so far.

  2. A Motion to Reargue and Leave to Appeal was filed with the First Department of the NYS Appellate Court on June 29, 2023. This fact was conveniently ignored by the YIMBY blurb. Please include all of the facts.

    • Hah, if you feel the need to say that a leave motion was filed, they should also say that a leave motion in a case with a unanimous AD1 opinion applying settled law has a basically 0% chance of being granted.

  3. 250 Water Street is a perfect example of everything that is wrong with this city. A surface parking lot in a prime location next to jobs, schools, and transit and the City puts it through years of a broken approval process.

    A process which resulted in the downsizing (I know – crazy in the financial district of Manhattan!) and this is now down 400 housing units (of which 175 were affordable). That 175 families who are out of home and probably in the street. Next time you see a homeless person on the street now you know why.

    Anyway – case point with why this City is broken and why housing is not going to be fixed.

  4. It’s a disgrace that the residents of the Mitchell Lama projects tried to block this to save their views. They will now be gone.

    A Motion for Leave to Reargue is a waste of paper.

  5. Although the typo in “Seaport Histpric District ” is a humorous error, you might wish to fix and repost this story.

  6. FYI:
    The narrow 2/3 subway platform at Fulton is incredibly dangerous, an accident waiting to happen – no not a good thing to have more people in the area using the subway station.

    The M15 is already packed – no not a good thing to have more riders.