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


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


Financial District

20 Broad Street

Residential Conversion Planned At 20 Broad Street, 27-Story Office Building In Financial District

Back in August, Vornado Realty Trust mulled the idea of a residential conversion at the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District. Now, Nathan Berman is purchasing the leasehold from Vornado and reportedly following through with the conversion to rental apartments, per Crain’s. The New York Stock Exchange — expected to vacate the structure next August — owns the land under the building, and the lease expires in 2081.

One Wall Street

Revealed: Robert A.M. Stern Designing Mixed-Use Conversion of One Wall Street

Earlier this year, YIMBY brought you a proposal for the transformation of One Wall Street created by CetraRuddy. While that version of the tower will remain unbuilt, we now have the first rendering of actual plans, created by Robert A.M. Stern for developer Macklowe Properties, as well as word that the development is seeking $100 million in EB-5 funding, or 6.6% of its projected cost of $1.502 billion.

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St. Nicholas Greek Orthodox Church

World Trade Center’s Greek Orthodox Church Rising In Liberty Park, Financial District

Last year, ground was broken and new renderings were released for the St. Nicholas Greek Orthodox Church planned at the also-under-construction Liberty Park, an elevated lot to the south of the World Trade Center, in the Financial District. The New York Times now reports the drum-shaped structure is rising and will be constructed with “white Pantelic marble, from the same vein in Greece that was quarried to construct the Parthenon.” Santiago Calatrava is designing, and completion of the sanctuary and park is expected in 2017.

151 Maiden Lane

New Renderings Of 60-Story, 80-Unit Condo Tower At 151 Maiden Lane, Financial District

In May of 2014, YIMBY revealed renderings of Fortis Property Group’s residential tower at 151 Maiden Lane, in the Financial District, and we brought you additional images of the project that October. At the time, the tower was planned to be 51 stories tall, but now the structure is expected to rise 60 stories and 670 feet in height, according to Curbed. Dubbed One Seaport, the project will contain 80 condos, featuring a mix of one-, two- and three-bedroom units, which are being designed by S. Russel Groves. Sales are expected to launch in the fall. In July, YIMBY revealed the 33-story, 271-key  hotel planned next door.

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.