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Developer Howard Hughes Corp. plans $1.4 billion Seaport project with apartments, condos, museum renovations

The Howard Hughes Corp. plans to invest $1.4 billion in Manhattan’s Seaport District to build condominiums and affordable housing and upgrade the South Street Seaport Museum.

The real estate developer on Thursday announced its proposal for the site at 250 Water St.

Its plans include turning a full-block surface parking lot into a mixed-income development, providing for the long-term financial stability of the museum, improving the museum’s historic buildings to allow it to reopen, and designing a new museum building on an adjacent vacant lot.

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