Moinian Wants to Add 24 Stories to a Five-Story Building at 102 John Street, Financial District

102 john street financial district102 John Street, photo by Christopher Bride for PropertyShark

The Moinian Group owns a 29-story residential and office building at 100 John Street in the heart of the Financial District, and now they want to add a 24-story addition to the five-story commercial property next door at 102 John Street, making the structures the same height.

The revamped building will stand 336 feet tall and hold 92 apartments divided across 141,299 square feet of residential space, according to alteration permits filed yesterday. A restaurant and retail space will occupy the first floor, followed by a gym on the mezzanine and office space on the third and fourth stories.

Residential will begin on the seventh floor, with three to six units per floor through the 28th story. There will also be a 44-car garage in the cellar and recreation space on the sixth floor. The commercial space on the first four floors will total 58,599 square feet, the same size as the current structure.

Architect Nobutaka Ashihara, also based in the Financial District, applied for the permit.

We’re not sure whether 102 John Street will be rentals or condos, but if the square footage on the permits is accurate, apartments will average a spacious 1,535 square feet.

The property is incredibly small, measuring just 924 square feet. But the developer is using the development rights from the much larger site at 100 John to max out the site’s allowed density.

Joseph Moinian converted the top 20 floors of the 1930s office building at 100 John Street to rentals in the late ’90s, and now it’s known as “The Renaissance.”

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