Construction on 45 Park Place Remains Stalled in Tribeca

45 Park Place. Rendering by Williams New York

YIMBY’s Turkey Week tour of stalled projects continues with 45 Park Place, a 667-foot-tall residential skyscraper in Tribeca. Designed by SOMA Architects with Ismael Leyva Architects as the executive and residential architect, the 43-story tower has been on hold since late 2019. Sharif el-Gamal of Soho Properties is developing the project, with Piero Lissoni serving as the interior designer. 45 Park Place is located between Church Street and West Broadway, just to the north of the border with the Financial District. Permasteelisa Group and Vidaris are the façade consultants.

Photos from above and below the slender reinforced concrete superstructure show the glass curtain wall about two-thirds of the way toward its stepped roof parapet. The construction crane still hangs off the partially cantilevering western elevation. We hope to see activity resume some time in the near future.

45 Park Place. Photo by Michael Young

45 Park Place. Photo by Michael Young

From street level, the floor-to-ceiling glass panels reflect the blue sky, yet the enclosure appears much darker from above.

45 Park Place. Photo by Michael Young

Work has also yet to commence on an annex of the property at 51 Park Place, which is slated to become a 71-foot-tall, 16,000-square-foot Islamic cultural center. YIMBY last heard that Scott Newman of Cooper Robertson is listed as the architect for the upcoming facility, though it’s unclear if it is still planning to be built. If so, it would rise directly to the west of the lower floors of SOMA’s skyscraper.

A revised completion date for 45 Park Place has yet to be announced.

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon

6 Comments on "Construction on 45 Park Place Remains Stalled in Tribeca"

  1. This is a deal that was never meant to be from the outset. The developer was way out over his skis from day one in every aspect of the project. The hope is that it gets finished by someone because it’s a blight on all developments having an unfinished building in the neighborhood

  2. i heard sharif had to sell his camels back in egypt to start paying off his debt.

  3. Yeah, I’m very disappointed by this. 45 Park Place could have been a great addition to the Lower Manhattan skyline but instead it has been left unfinished for almost a year now. I sure hope it’ll resume sometime in 2021.

  4. Michael D. Skelly | November 23, 2020 at 6:50 pm | Reply

    Ran out of Cash..

  5. A lot of builders are running on empty.
    The Cuomo effect.

Leave a comment

Your email address will not be published.