Demolition Imminent: 112 Fulton Street

112 Fulton Street112 Fulton Street -- under netting at left

The Financial District is seeing a residential boom, and yet another project is about to get underway; 112 Fulton Street will soon become a 59-story and 460 unit tower, with permits for demolition of the site’s last building approved yesterday. In total, three low-rises are being removed to make way for the new skyscraper, which is being developed by The Lightstone Group.

112 Fulton Street

112 Fulton Street — image from The Lightstone Group

Details regarding the future tower have been relatively lacking, but DNA Info reported the 59-story figure. The height of the tower has seen several revisions, and the first proposal was supposed to rise 48 floors, but Lightstone did not receive a 421-a tax break for the site, which caused the floor count to increase. The site formerly spanned 112 to 120 Fulton Street, but given the 421-a issue, 120 Fulton Street will not be included in the development.

112 Fulton Street

112 Fulton Street

Preliminary renderings depict a standard glass box; given their release prior to the change of plans, the design is now outdated, but something similar is likely. No filings for 59-story building are available, but permits for the 48-story version were rejected late last year; the architect of record was SLCE.

In addition to apartments, the future 112-118 Fulton Street will have approximately 20,000 square feet of retail space; completion is expected at the end of 2015.

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