(via Archinect)

Conceding the failure of the South Street Seaport pier as a “festival marketplace” — these days, it is not much more than a waterfront mall — its owners plan to replace it with a mixed-use project including a 42-story, 495-foot apartment and hotel tower, wrapped in a terra-cotta exoskeleton and rising from new pilings in the East River. Design by SHoP. NYT