It is to be developed by Shore Development, a subsidiary of Philips International, a Manhattan development company that has built hotels in Great Neck, Manhattan and Miami.
A new Titan Atlas Global subsidiary, Shore Development and Construction, was to oversee construction.
Under its agreement with the city, Mr. Eaton said, Shore Development will pay the owners $26 million for the land; the sale is to be finalized on Monday.
Louis Mirando, a spokesman for Shore Development, said his company's first plan, submitted in 2001, received approval for three 11-story towers.
Shore Development has not yet chosen a hotelier or announced tenants for the shops, and Mr. Eaton is eager to hear those details.
Shore Development has agreed to upgrade about 800 feet of water lines below Broadway and a quarter-mile sewer line running down Riverside Boulevard from Broadway to Park Avenue, where it meets the city's main sewer.
Offshore wind farm integration is providing substantial technical and economic challenges in the medium term and the trend for farther shore development in the future is focusing research and industry attention on cost effective transmission alternatives to existing technologies.
One way it does this is using off shore development resources, which helps keep costs down.
Despite later statements from Brundage that he avoided public works due to corruption, he built the 23rd Street viaduct as part of the South Shore Development project; Brundage's viaduct extended Chicago's shoreline into Lake Michigan at a cost of two million dollars.
It had immense off-shore developments: man-made archipelagos that resembled levels from Super Mario Sunshine.
The expansion means passenger arrivals could rise to a million a year, with parallel on-shore developments in terms of visitor facilities and amenities.
