The Times reports that the bankruptcy of mall developer General Growth Properties won't necessarily affect the operating of the South Street Seaport, but what about Harlem's East 125th Street mixed-use megadevelopment, which the city selected General Growth to lead even after the company's financial troubles surfaced? According to the Economic Development Corporation, General Growth has taken a less-prominent role in the project, and the first phase is more about housing. Oopsie, the project's residential developer Archstone is also in dire straits. [NYT; previously]
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