Howard Hughes Reports Decision By New York State Court Of Appeals For Its Planned 250 Water Street Project In Lower Manhattan, Clearing Way For Seaport Development To Proceed
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes Corporation has received a favorable decision from the New York State Court of Appeals for its 250 Water Street project in Lower Manhattan. This decision, along with the extension of the 421-a tax exemption, removes all obstacles to construction and is expected to unlock significant value for shareholders.
May 21, 2024 | 8:05 pm
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Howard Hughes Corporation has received a favorable court decision for its 250 Water Street project, clearing all obstacles to construction and unlocking significant value for shareholders.
The court decision removes all legal barriers to the 250 Water Street project, allowing construction to proceed. This, combined with the 421-a tax exemption, is expected to significantly enhance the value of the project and benefit Howard Hughes shareholders.
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