After seven years in business, the New Amsterdam Market near New York City’s South Street Seaport is closing up shop. “We held a total 88 markets and numerous innovative celebrations of our region’s bounty; supported nearly 500 food entrepreneurs; and contributed to the creation of more than 350 jobs,” Robert LaValva, the market’s founder, said in a statement. “However, I was never able to raise the funding or attract the influential backers needed for our organization to thrive.”
The South Street Seaport‘s Pier 17 won’t be around much longer in its current form as it awaits a $200 million overhaul by SHoP Architects, but this summer, the neighborhood surrounding it has some exciting plans in store that bring the hottest trends in temporary urbanism to the waterfront site. Starting on Memorial Day Weekend, the See/Change program will bring film screenings, a SmorgasBar, and pop-up shipping container boutiques in hopes of enticing New Yorkers back to this once-trendy Lower Manhattan neighborhood.
Last Wednesday, the New York City Council unanimously approved plans to tear down the current Pier 17 in the South Street Seaport and build a new $200 million SHoP Architects-designed mall in its place, marking the end of the long and sometimes contentious ULURP approval process. Crain’s reported that Dallas-based developer Howard Hughes made some concessions to the council including pushing back construction on the project to allow Hurricane Sandy-battered tenants to have an additional summer season, with construction now anticipated to begin on October 1st.
It seems that a proposal to make the New Amsterdam Market a permanent fixture in the South Street Seaport’s former Fulton Fish Market building has every food critic and preservationist in New York City revved up, and touting the plan as the next big game-changing development for Lower Manhattan. New York Times opinion and food columnist Mark Bittman went so far as to say that this expansive food market has “wonderful potential that dwarfs even that of the High Line.”
Solar-Powered Fun. New York City’s first solar merry-go-round just opened at the South Street Seaport, offering free rides to kids through September 7th. GE’s Carousolar is powered by 100 solar panels made of ultra thin semiconductors able to withstand extreme humidity and UV ray exposure. The green fun isn’t just for kids—GE also provided solar-powered cell phone charging stations for adults around the carousel, reported Inhabitat.
Sun-Filled Fasting. According to Dubai’s top cleric Mohammed al-Qubaisi, residents of the Burj Khalifa, world’s tallest skyscraper, will have to wait a few extra minutes to break their fast during Ramadan. Muslims living above the tower’s 80th floor should fast two additional minutes after dusk while those above the 150th floor wait an additional three minutes, The Guardian reported. Al-Qubaisi explained that just like early Muslims living in the mountains, the residents of the highest floors must adjust their fast due to the extended visibility of sunlight.
#ThingsNotToDoOnPublicTransportation. Public Transportation is trending on Twitter and the end result is a humorous user guide to transit etiquette. Transportation Nation rounded up some of their family-friendly favorites.
LEGO Gate. While not yet officially announced, European blogs have been abuzz that the Brandenburg Gate in Berlin will be the next in LEGO’s Architecture line of miniature real buildings. Unbeige revealed the series’ designer Adam Reed Tucker developed the Brandenburg model, representing the 2nd building outside of the US (the first was SOM’s Burj Khalifa tower in Dubai).
Thirty-five cents. One quarter, one dime. That’s how much—or how little—it cost to buy one share of stock in General Growth Properties at the end of trading today.
It’s been a rough year for the 54-year-old mall developer and operator as it stock has tumbled—in concert with the real estate and retail markets—from a high of $67 per share in March 2007. Yet that stock was still valued at $38 as recently as June 18, when the company announced its plans for new South Street Seaport. Even when it presented those plans to the Landmarks Preservation Commission on October 21, when the stocked closed at $4.84, GGP remained confident in the future of the project. But that was before Monday’s report in The Wall Street Journal that General Growth might file for bankruptcy. Read More