Wine and Food Festival in NYC may help struggling South Street Seaport
NYC Wine & Food Festival Returns to Manhattan This week, after a year’s stay in Brooklyn, the New York City Wine & Food Festival (NYCWFF) is back in Manhattan, potentially giving the South Street Seaport a much-needed lift. Now in its 18th year, the festival runs from Wednesday to Sunday and features renowned chef Jean-Georges […]
Firm supported by Bill Ackman selling delayed Seaport lot for $150M — much less than its 2018 price.
Change on the Horizon for Downtown Site A significant transformation may be in store for one of Downtown’s longstanding development sites as billionaire hedge fund manager Bill Ackman’s company, SEG, has reached an agreement to sell 250 Water St. for $150.5 million. This unattractive lot, located near South Street Seaport and inherited by SEG from […]
New seaport destination goes against NYC’s exclusive trend, but you still need to get through the bouncers
New Nightclub Aims to Break Member-Only Trend in NYC A new nightclub is set to shake things up in New York City by allowing the public access, pushing back against the member-only trend. Anyone who can get past the black velvet ropes will discover what the nightlife has to offer. Grupo Gitano, known for its […]
Long-stalled Seaport project faces another delay after change of ownership
The Seaport's spinoff to shareholders of Howard Hughes Corp. last summer likely portends a change in direction for the entertainment, dining and shopping complex in the South Street area, downtown sources said. I am. As reported in a post on Friday, the Seaport's new owner-operator, Seaport Entertainment Group (SEG), has signed hospitality company Grupo Gitano. […]
Luxury jungle-themed hot spot Gitano’s lands new home at South Street Seaport
A tropical “paradise” is coming to the concrete jungle. Grupo Gitano has signed a lease for a 14,000 square foot themed restaurant and club on two levels at Pier 17. East River structures include restaurants such as Jean-Georges Vongerichten's Fulton and Andrew Carmellini's Carn Mare, rooftop live music venues, ESPN Studios and Nike Offices. Gitano, […]
Billionaire Bill Ackman mulls deal to take Seaport developer Howard Hughes’ firm private
Billionaire hedge fund manager Bill Ackman is bouncing back from a failed IPO for Howard Hughes real estate company Pershing Square USA and is eyeing a deal to take the company private. This is shown in regulatory filings. The document, which is published on the Securities and Exchange Commission’s website, is called a Schedule 13D […]
Amazon plans to deploy a dozen electric seaport trucks amid push to slash tailpipe emissions
LOS ANGELES, May 7 (Reuters) – Amazon.com said on Tuesday the Volvo electric big rigs it plans to deploy this year to pick up cargo from the country’s busiest container port in Southern California The first of 12 machines was announced. The e-commerce giant is already using eight of these semi-trucks at its Los Angeles/Long […]