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A New York City commercial real estate development plan that has been stalled for 47 years is in full swing after it won conditional approval from Manhattan’s Community District 3 Board (CB 3), allowing the redevelopment of nine city-owned sites on Manhattan’s Lower East Side. The Seward Park Mixed-Use Development Project would bring roughly 1.65 million square feet of housing, retail, and other commercial space to a site just south of the Williamsburg Bridge.
