Seaport Part of Spin-off Plan, NYC Planning Revamp, Chelsea-ization on the LES

General Growth Properties unveils its plan to emerge from bankruptcy. The proposal calls for creating a separate company running a wide range of retail businesses, including the South Street Seaport (Bloomberg).

Bloomberg, Burden, Pinsky preview sweeping policy changes in NYC’s “development policies and sustainability goals.” (Streetsblog).

A touch of Chelsea comes to the LES (Art Info).

The graffiti wall on Houston: “a cog in the wheel of the Big Machine.” (Jeremiah).

A discussion with Douglas Light, the author of “Fifth Street Bliss.” (EV Grieve).