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.
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.
Preliminary renderings depict a standard glass box; given their release prior to the change of plans, the design is now outdated, but something similar is likely.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.
For any questions, comments, or feedback, email [email protected]