Five buildings have now been demolished at 75-83 Nassau Street, just a block away from the Fulton Street transportation hub in the center of the Financial District. The activity will make way for Lexin Capital’s proposed 40-story residential skyscraper designed by ODA. New building permits are still awaiting approval, but recent activity on site suggests increasing momentum toward actual construction.
The 498-foot tall structure will yield 312,800 square feet within, with 190,000 square feet dedicated to residential use, and 39,200 square feet for commercial use on the bottom four floors. Two floors will include retail shops, with two floors of office space above that.
Permits reveal that 229 apartments will be created, which includes rental and condominium residences. The Real Deal reported that air rights were purchased in 2014 for $63.4 million.
ODA’s design is a post-modernist play on the traditional city-block building, with undulating sheared corners. In one rendering, the building looks as though it was squeezed in the center, revealing some red flare framing curtain wall.
HMWhite is responsible for the landscaping. The tower will receive a green crown in the form of a forest-like rooftop terrace. Native trees and vine curtains will be included on the multi-story rooftop amenities space. Three lounges will be included on the 5th, 22nd, and 25th floors. Tenants will also have access to a fitness center and laundry room, and space for 102 bicycles will be included on site.
An estimated completion date has not yet been announced. If permits are approved soon, completion by 2021 or 2022 could be expected.