Yes, troubled South Street Seaport leaseholder General Growth Properties put the Lower Manhattan megamall/tourist trap up for sale last week, seemingly putting an end to the company's desire to redevelop the historic port into a massive retail/hotel/residential thingamajig (above). But don't scrape together your down payment just yet! General Growth has no real plans to sell the darn thing. Say what? Ease your Christmas hangover and let Downtown Express explain:
General Growth did put the Seaport property up for sale, but a General Growth spokesperson said on the condition of anonymity that the firm has been looking for investors for the Seaport for several months, and the company intends to retain the property. But since General Growth would consider selling the property if the right offer came in, the company had to say that the sale is an option, even if it’s not likely, the spokesperson said.OK, so not selling, just looking for investors. Unless, of course, those investors want to to buy. Somewhat confusing, so we'll just stare at the pretty model and nod blankly.
· Seaport firm looking for investors over buyers [Downtown Express]
· South Street Seaport Up For Sale: Sayonara, SHoP? [Curbed]