http://www.nypost.com/p/news/local/south_weet_lease_deal_6eRnNfhL1cwFy8SH6xjUQK
A Dallas-based developer is paying the city pennies to rent Pier 17 at South Street Seaport — but will rake in more than $100 million a year once its new mega mall is complete.
Under a deal between Howard Hughes Corp. and the city Economic Development Corp., the developer will pay only $1.2 million in annual base rent, according to documents obtained by The Post.
Howard Hughes plans to transform its mall at Pier 17 into a glittering, glass retail center with a rooftop venue for concerts and events. The project must be approved by the City Council by June, when construction is set to begin.
