Excavation and pilings are getting underway at 111 Washington Street, the site of a 64-story residential skyscraper in Manhattan’s Financial District. Developed by Carlisle New York Apartments, the 712-foot-tall structure will yield 326,221 square feet with 462 residential units, 7,000 square feet of commercial space, and a 60-foot-long rear yard. Consigli Construction is the general contractor for the property, which is alternately addressed as 8 Carlisle Street and located at the corner of Washington and Carlisle Streets.
Recent photos show an excavator and piling machine beginning work on the 28,059-square-foot plot, which has been cleared of the overgrown vegetation that propagated in the years since it served as a maintenance support yard for the reconstruction of the World Trade Center. Prior to that, the property housed a six-story parking garage that was demolished in 2010.
The main rendering from the construction board only depicts the northern corner of the podium. The structure is shown with series of stepped cantilevers that rises up to cover the corner entrance to the double-height lobby, with a curtain wall composed of floor-to-ceiling glass and light-colored mullions. A landscaped terrace sits atop the fourth-floor setback along Washington Street, after which the main tower appears to rise with a façade that matches the podium.
The project is the latest attempt to develop a skyscraper at this lot following a series of past efforts that failed to materialize. The current developer purchased the land from the Ohebshalom family for $89 million in 2021, but construction was delayed due to a spill from a 3,000-gallon underground petroleum storage tank that occurred that November. Brownfield cleanup operations are expected to conclude on the site by this fall.
If built to its current scope, 111 Washington Street will surpass the 630-foot height of its neighbor to the north at 8 Albany Street and achieve a prominent position on the Lower Manhattan skyline. The nearest subways from the property are the 1 train at the Rector Street station to the south along Greenwich Street; the R and W trains at the Rector Street station at Trinity Place; and the 4 and 5 trains at the Wall Street station on Broadway.
111 Washington Street’s anticipated completion date is scheduled for the summer of 2026, as noted on site.