New York Daily News endorses 250 Water Street / South Street Seaport Museum proposal
On the parcel of land at 250 Water St., just inside the western boundary of the South Street Seaport Historic district, there was once a five-story thermometer factory. The climate changed, so to speak, and it and other buildings were long ago demolished. For the past 60 years, the land there has been vacant or a parking lot, currently the largest empty space in any of New York City’s 149 historic districts and extensions.
On Jan. 5, the Landmarks Preservation Commission will hear testimony on whether developers who own that lot should be allowed to improve upon it, building a pair of 38-story residential towers, with 360 new apartments, 100 of them affordable to people earning 40% of the area median income.