[hunser]

Promising news re: 80 South St. Could yield another 400m+ behemoth in Lower Manhattan!

http://ny.curbed.com/archives/2016/0...nsfer.php#more

Tall Tower May Be Coming to Seaport After Air Rights Transfer

The City Planning Commission has just approved the transfer of thousands of square feet of air rights from an adjacent lot to 80 South Street, a tipster has revealed to Curbed. Since the lots were acquired by the U.S. subsidiary of the Chinese investment company China Oceanwide Holdings in August 2015, 426,940 square feet of air rights have been transferred to the lot. Early rumors surrounding the site speculated that the developer was planning a supertall tower. While no plans have been filed with the Department of Buildings, it looks like at least something is up.

The transfer could lead to the construction of a building spanning 1,067,350 square feet, according to the documents submitted by 80 South Street LLC to the City Planning Commission.

China Oceanwide Holdings acquired the property at 80 South Street along with another site at 163 Front Street for $390 million in August last year from the Howard Hughes Corporation.

At that time plans for the site called for the construction of a 820,000 square foot tower with 440,000 square feet of residential space.