Last year, Chinatown-based developer Urban Muse snapped up one of the last major development sites near City Hall, 1 Beekman Street, for $52 million. Now SLCE Architects has filed plans for a 25-story residential tower on the site, also known as 33-34 Park Row.
The development will reach 277 feet into the air right next to the 51-story condo tower at 5 Beekman Street and the landmarked, Queen Anne-style Temple Court. It will host 29 apartments spread across 58,331 square feet of residential space, yielding impressively sized units of 2,011 square feet a piece. Since 5 Beekman’s condos hit the market last year starting at $1,200,000 for a one-bedroom, it won’t surprise us if these turn out to be some of the neighborhood’s most expensive condos.
Most floors will have two units, and several units on the upper floors will be duplexes.
Roughly 14,000 square feet of retail will take up the first three stories, and five parking spots will be distributed between the cellar and fourth floor. Apartments on the fifth and 21st floors will have private terraces, and fifth floor will also have shared recreation space. One unusual feature listed on the Schedule A is a loggia, or a covered exterior corridor, on the 22nd floor. It might be meant as a tribute to the beautiful archways and columns that frame the atrium of Temple Court next door.
The property is currently home to two three- and six-story commercial buildings. Both were home to longtime electronics store J&R, which shut its doors suddenly in April 2014.