YIMBY’s Turkey Week update of stalled projects turns next to 125 Greenwich Street, a 912-foot-tall residential skyscraper that has been sitting quiet in the Financial District for most of 2020. Designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, the 88-story structure will yield 273 residential units with interior design by March & White and sales and marketing handled by Douglas Elliman. Plaza Construction is the general contractor for the project.
Recent photos show the progress at the site, which is located between Greenwich Street and Thames Street just south of the 16-acre World Trade Center complex, in essentially the same state as our last update in early May. The last section that saw any kind of work was the multi-story podium, where tall black metal panels and narrow panes of glass were going in around the attached exterior hoist.
The Financial District witnessed a surge of new residential buildings in the past several years, significantly adding to the density of the iconic skyline. Perhaps the biggest selling point for 125 Greenwich Street is its views: an uninterrupted perspective of the World Trade Center office towers and 9/11 Memorial; the Hudson River, Jersey City’s emerging skyline and sunsets to the west; and the historic cluster of Wall Street skyscrapers, the New York Harbor, Battery Park, and Governors Island to the south; and the East River and Downtown Brooklyn skyline to the east. The slated amenity space, named The 88, will occupy the top three floors and feature an infinity pool, a spa and sauna, a fitness center and yoga studio, a theater, a relaxation lounge, and a private dining room.
125 Greenwich Street encountered financial issues last summer with two foreclosure proceedings, which eventually slowed the pace of progress into the early months of 2020. So far, no revised construction timeline or completion date have been announced. This is still the tallest residential tower in development in Lower Manhattan and YIMBY hopes to see it finished soon.