New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.
The Lightstone Group is now exploring market demand for a 244-unit condominium tower at its Financial District development site at 130 William Street. The developer is abandoning previous plans, filed in March 2015, for a 50-story residential-hotel tower, The Real Deal reported. The latest building applications at the Department of Buildings have been amended to reflect the change in plans. Although the number of units don’t match reports, the latest filings detail a 61-story, 188-unit tower with 15,373 square feet of retail across the cellar through second floors. The structure would measure 386,588 square feet and rise 750 feet in height. Goldstein, Hill & West Architects is the architect of record.
2015 marked the 50th anniversary of the New York City landmarks law. There were occasions to celebrate, and the Landmarks Preservation Commission designated six individual landmarks and four historic districts. 2016 was considerably busier for the commission. It designated 40 individual landmarks and two historic districts, including 12 new Midtown East landmarks and 26 sites from its backlog. Here are all of them, for you to take in as the year comes to a close.
Two years ago, the Landmarks Preservation Commission floated the idea of clearing its backlog of items from before 2010 by simply de-calendaring all of them. That was not well-received, to put it lightly. So, they devised a series of steps to actually address those 95 items. That process nearly came to an end today, with the designation of 10 new city landmarks.
Foundation work is underway on the 25-story, 31-unit mixed-use building under development at 1 Beekman Street, located on the corner of Park Row in the Financial District. The work can be seen thanks to photos posted to the YIMBY Forums. In September, YIMBY revealed renderings of the project, which is set to encompass 95,285 square feet and rise 299 feet in height to its main roof. Adding the bulkhead brings the tower’s pinnacle to 335 feet. The first four floors will contain 14,583 square feet of commercial space, with retail on the ground floor and offices on the upper three. The residential units, which will be condominiums, are spread across the sixth through 22nd floors. Urban Muse is the developer and Rogers Stirk Harbour + Partners is the design architect. SLCE Architects is serving as the executive architect and completion is expected in early 2018.