SHoP's Seaport plans far from sunk. (Courtesy GGP)

The news that General Growth Properties–which is on the verge of bankruptcy due to a massive debt-load related to its acquisition of the Rouse Company in 2004–put three historic properties up for sale has led some observers to speculate that development plans for one of them–New York’s South Street Seaport–have hit the dustbin. Not so, AN has learned.

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