Concept
In 1982, redevelopment began to turn the museum into a greater tourist attraction via development of modern shopping areas. The project was undertaken by the prominent developer James Rouse and modeled on the concept of a "festival marketplace," a leading revitalization strategy throughout the 1970s. On the other side of Fulton Street from Schermerhorn Row, the main Fulton Fish Market building, which had become a large plain garage-type structure, was rebuilt as an upscale shopping mall. Pier 17's old platforms were demolished and a new glass shopping pavilion raised in its place, which opened in August 1983.
The Seaport itself now operates primarily as a mall and tourism center, built on Pier 17 on the East River. Visitors may choose from among many shops and a food court. Decks outside allow views of the East River, Brooklyn Bridge and Brooklyn Heights. The Seaport is currently owned and managed by The Howard Hughes Corporation, and formerly by General Growth Properties, who acquired the Seaport's longtime owner The Rouse Company in 2004. In 2010, while exiting bankruptcy, General Growth spun off some of its properties, including the Seaport, to form a new company called The Howard Hughes Corporation.
Read more about this topic: South Street Seaport
Famous quotes containing the word concept:
“To find the length of an object, we have to perform certain
physical operations. The concept of length is therefore fixed when the operations by which length is measured are fixed: that is, the concept of length involves as much as and nothing more than the set of operations by which length is determined.”
—Percy W. Bridgman (1882–1961)
“Obscenity is a moral concept in the verbal arsenal of the Establishment, which abuses the term by applying it, not to expressions of its own morality, but to those of another.”
—Herbert Marcuse (1898–1979)
“It is impossible to dissociate language from science or science from language, because every natural science always involves three things: the sequence of phenomena on which the science is based; the abstract concepts which call these phenomena to mind; and the words in which the concepts are expressed. To call forth a concept, a word is needed; to portray a phenomenon, a concept is needed. All three mirror one and the same reality.”
—Antoine Lavoisier (1743–1794)