What's happening in your backyard? YIMBY News delivers the day's top five new development stories to your inbox every weekday morning.

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What's happening in your backyard? YIMBY News delivers the day's top five new development stories to your inbox every weekday morning.

Subscribe!

Financial District

111 Washington Street

Development Site At 111 Washington Street Placed On The Market, Financial District

Late last year, Pink Stone Capital filed applications for a 51-story, 429-unit mixed-use tower with 23,000 square feet of retail space at 111 Washington Street, in the Financial District, and now the developer has tasked Cushman & Wakefield to market the site. In early 2014, YIMBY reported that the assemblage has 362,300 square feet of development rights, and according to the Daily News, Pink Stone expects to sell it for more than $170 million. Handel Architects was the architect of record for the old plans.


143 Fulton Street

Demolition Underway At 143 Fulton Street, Site Of 26-Story, 288-Key Hotel, Financial District

Last month, YIMBY brought you news of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street/26 Ann Street, in the Financial District, and now crews are prepping the existing three-story building for demolition, courtesy of a YIMBY reader. Retail space will be located on the first three floors in the 88,447 square-foot building, and SLCE Architects is the architect of record. The new building’s design has not yet been revealed.


6 Water Street

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.


Fulton Transit Center Atrium, photo by Patrick Cashin for the

Fulton Transit Center’s Retail Will Finally Open in the Fall

When the Fulton Transit Center opened last November, glowing reviews celebrated its 53-foot-wide oculus while lamenting its $1.4 billion price tag, which had doubled since the project’s inception several years before. Now, spokespeople from Westfield and the MTA tell YIMBY that retail will begin opening in the fall and continue through 2016. There will be about 20 stores ranging from retail and service providers to eateries and full service restaurants.

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Two World Trade Center, image from Silverstein Properties

Three World Trade Center Gets Height Cut, Will Stand 1,079 Feet Tall

Last week, YIMBY posted an update on construction at 175 Greenwich Street, aka Three World Trade Center, as the tower reached its halfway point, having risen 41/80 stories. Now we have new information that the building has in fact seen a height reduction from the previous version, dropping from 1,168 feet down to 1,079 feet, and we also have two new renderings of the podium.

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20 Broad Street

Residential Plans Explored For 20 Broad Street, 27-Story Office Building In The Financial District

Vornado Realty Trust is exploring the idea of converting the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District, into residential units, according to Crain’s. Vornado may decide to keep the building as office space, but could also purchase and demolish the building once New York Stock Exchange vacates the building next year; their lease of 381,000 square feet expires in August. Currently, Vornado ground-leases the property.


144 Fulton Street

Crown Acquisitions Purchases Retail Property At 144 Fulton Street, Financial District

Crown Acquisitions has purchased the three-story retail building at 144 Fulton Street, in the Financial District, for $25 million, according to New York Daily News. Plans for the property have not been disclosed, but the site is primed for redevelopment, and has some of the best transit access in New York, directly adjacent to the Fulton Center and just two blocks from the WTC Transit Hub.


80 South Street

80 South Street Assemblage Acquired For $390 Million By Chinese Developer, Financial District

A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.


175 Greenwich Street

Construction Update: 175 Greenwich Street aka Three World Trade Center Reaches Halfway Point

The last time we checked on Silverstein’s 175 Greenwich Street (aka Three World Trade Center), work had resumed, and the core had just begun rising again. Now, five months later, the future supertall has just passed the halfway point in its rise. A project insider has sent along several photos, as well as a few snippets of information, including word that the structure is up to the 41st floor (out of 80 total).

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Rendering of 28 Liberty Street, southeast corner

Landmarks Approves Revised Plan For Former Chase Manhattan Plaza

A new dawn is coming for a lower Manhattan landmark. With Chase gone, the Landmarks Preservation Commission approved a proposal for an adaptive reuse of the plaza in front of the building formerly known as One Chase Manhattan Plaza (now 28 Liberty Street since Fosun International Ltd. bought). There will be ground floor retail and major changes to the plaza that should bring a lot of it back to its former glory.

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