Pier55 [Wall Street Journal]: Barry Diller has provided $100 million in funding for the development of the $130million, 2.7-acre Pier55, located in the Hudson River off the Meatpacking District. Demolition of existing Pier 54 “will begin in 2016,” and Thomas Heatherwick is designing.
88 Schermerhorn Street [Brownstoner]: Developer Second Development Services has filed demolition permits for the four-story walk-up at 88 Schermerhorn Street, in Downtown Brooklyn. The site “allows a building as large as 33,330 square feet,” and the developer has plans for “a 20-story condo” project.
179 Ludlow Street [Curbed]: Construction is about to wrap up at the eight-story, six-unit residential and commercial building of 9,704 square feet at 179 Ludlow Street, in the Lower East Side. The building’s residences have hit the market, and Kleinmann Architects had designed.
131 East 47th Street [Commercial Observer]: Extell’s “four-building site with 128,034 square feet” of building potential — spanning 131-141 East 47th Street, in Midtown East — is nearing a sale for roughly $80 million. The mixed-use development site is currently occupied by an 11-story parking garage, and multiple four-story walkups.
Manhattan West [DNAinfo New York]: Brookfield has competed the “2.6-acre, 120,000 square-foot platform” near Penn Station ahead of their planned multi-tower development Manhattan West. The developer will begin work on 401 West 31st Street — a 790-unit residential tower — early next year, and is expected to finish in 2017; the first of two office towers, the 69-story 1 Manhattan West, is expected to open by 2018.
526 Union Avenue [Commercial Observer]: Alliance Private Capital Group has purchased the vacant lot at 526 Union Avenue — in Williamsburg — for $9.6 million. The site contains 36,000 square feet of development potential, and the developer “intends to build a residential property.”
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