Construction has topped out on the 23-story, 120-unit mixed-use building under development at 56 Fulton Street, located on the corner of Cliff Street in the Financial District. Progress on the structure, including façade installation, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the 128,540-square-foot tower stands 237 feet to its main roof, or 272 feet to the top of its bulkhead. There will be 5,865 square feet of retail space on the ground floor, followed by rental apartments, averaging 797 square feet apiece. Twenty percent of the apartments, or 24 units, will rent at below-market rates through the affordable housing lottery. The Parkland Group and Scoius Development Group are the developers. Goldstein, Hill & West Architects is behind the design and completion is expected next year.
Construction is now 10 stories above street level on the 33-story, 271-key AC Hotel, a Marriott brand, under development at 151 Maiden Lane, located on the corner of Front Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the structure will measure 139,891 square feet and stand 336 feet to its pinnacle at the top of the bulkhead. Retail space will occupy some of the ground floor and hotel rooms will be located on the third through 30th floors. LCRE Group is the developer and Pizzarotti-IBC is building the project. Peter F. Poon’s SoHo-based architecture firm is the architect. Completion is expected in the summer of 2017.
Construction is now occurring above ground level on the 63-story, 483-unit mixed-use tower under development at 118 Fulton Street, located on the corner of Dutch Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed 19 Dutch, will encompass 595,140 square feet and rise 758 feet above street level. That’s a significant height increase from the summer, when a 49-story tower was planned.
DSA Property Group is planning to convert the 15-story, 75,000-square-foot dormitory at 106 Fulton Street, in the Finaicial District, into rental apartments. The project will consist of a “light renovation” of only the living spaces, Commercial Observer reported, ensuring that the apartments will be able to be rented at affordable rates. The ground floor contains 3,543 square feet of retail space leased to Burger King through 2020. DSA acquired the dormitory from Pace University for $51.1 million earlier this month. A $45 million acquisition loan was also recently secured.
The site at 68-74 Trinity Place has been one of the more notable recent demolitions in the Financial District, with the building coming down over the course of the past year. The site’s owner, Trinity Church, had previously planned a condominium building designed by Pelli Clarke Pelli. While those plans were shelved earlier this year, we now have new renderings of what will replace it.