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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.

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Financial District

45 Broad Street

Madison Equities In Contract For Development Site At 45 Broad Street, Financial District

In January of 2014, YIMBY brought you news that 45 Broad Street, in the Financial District, was placed on the market. Now the property is in contract, and Madison Equities, partnering with AMS Acquisitions, is the buyer. The price — expected to be north of $100 million — has not been disclosed. The site has 265,000 square feet of development rights, and a 62-story Nobu Hotel was planned prior to the 2008 financial crisis.


68-74 Trinity Place

Demolition Making Rapid Progress at 68-74 Trinity Place, Financial District

The Financial District’s rapid transformation from an office to a residential neighborhood has been immensely beneficial to Lower Manhattan, and the area’s recent boom has been mostly free of architectural casualties. But that’s about to change thanks to demolition beginning on the old vestry at 68-74 Trinity Place, which will soon be removed to make way for a new Pelli Clarke Pelli-designed mixed-use building standing almost 500 feet tall.

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151 Maiden Lane

Revealed: New Marriott Hotel Coming to 151 Maiden Lane, Financial District

The site at 151 Maiden Lane has gone through several different designs, revealed by YIMBY over the past few years, and while we’ve posted what appears to be the final look for the site’s 51-story residential tower, its hotel component has been missing. But now, YIMBY has the first renderings of the future Marriott, designed by Peter Poon, which will actually fit in fairly nicely with its surroundings.

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One Wall Street

First Look: One Wall Street Set for CetraRuddy-Designed Residential and Hotel Conversion and Expansion

Back in May of 2014, One Wall Street was acquired by Harry Macklowe from BNY Mellon for $585 million, with plans to convert the building from office to residential use. The Ralph Walker-designed tower is one of the most iconic skyscrapers in the Financial District, from its limestone exterior, to the vulcan-inspired Red Room, all the way to the former executive smoking room/observation lounge at the tip-top of the building. And now YIMBY has the first renderings of what the building will eventually look like, courtesy of a tipster, who sent along CetraRuddy-designed plans that transform the building’s base into a major retail destination, and its upper floors into condominiums and a hotel.

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5 Beekman Street, photo by Rich Brome

Construction Update: The Beekman, Financial District

The 51-story tower rising at 5 Beekman Street, next to the landmarked, 19th century office building known as Temple Court, is close to topping out. A reader sent along these construction shots and told YIMBY that workers are constructing the top four floors of mechanicals for the 700-foot-tall structure.

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50 West Street

50 West Street Climbing Quickly, Now 50 Stories Tall, Financial District

Time Equities’ 64-story, 191-condo-unit luxury tower under construction at 50 West Street, in the Financial District, is now 50 stories up, according to Curbed. Construction has progressed quickly; last November, the structure was just three stories tall, and by March, it was half of its current height. Units are now 50% sold out, and completion is slated for 2016. Helmut Jahn is designing, and the tower will also include roughly 21,100 square feet of commercial space, with retail and office condominiums spanning the first two stories.



Two World Trade Center, image from Silverstein Properties

Design Changes at 175 Greenwich Street, aka 3 World Trade Center

Construction is finally moving ahead at 175 Greenwich Street, aka 3 World Trade Center, which will be the third tallest building in the complex. But with momentum picking up across the entire site, and 200 Greenwich Street set to rise thanks to a redesign by Bjarke Ingels/BIG, 175 Greenwich Street has also seen some design changes, and 3 World Trade Center has now lost its spires in favor of a more streamlined roof.

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