Excavation is continuing at 111 Washington Street, the site of a 64-story residential skyscraper in the heart of Manhattan’s Financial District. Designed by Handel Architects and developed by Carlisle New York Apartments and Grubb Properties, which closed on a $48 million loan for the project over the summer, 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.
More excavators and piling machines have arrived on site since our last update in June and are busily preparing the plot for the reinforced concrete foundations.
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
A full rendering has yet to be released for the skyscraper. The preview in the main photo only depicts the multi-story podium, which is clad in a glass curtain wall framed with white paneling and mullions. The entryway is shown sitting beneath a series of stepped cantilevers, and the setback atop the podium is lined with glass railings for a terrace space. It appears that the main tower above will feature the same exterior treatment as the base.
111 Washington Street’s residential amenities will include a fitness center, a swimming pool, an outdoor rooftop terrace with entertainment spaces, and a tenant lounge. Additional amenities will include a full-time doorman, a live-in superintendent, and bike storage.
The closest subways from the corner 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.
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Very risky with rates so high and going higher.
Why risky? This will be a rental tower. High rates draw people to rentals. The economy is very strong. And most Manhattan buyers are cash buyers, where rates are immaterial.
Goofball comment
Finally! This corner site has been vacant for very many years. Adding 462 units to Downtown is a very good thing.
Wow… This plus 5 World Trade Center will really add some density and life to the area.
And The Greenwich if it isn’t all out-of-towners buying pieds-a-terre there (and if they will sell).
Good point!
Very exciting
Can’t wait for this one to rise into the skyline!
As for design on the structure consists of glass, that’s located in the Financial District it is necessary. Make it beautiful and tall to attractive: Thanks to Michael Young.
How is it supposed to look like when finished? Any renditions?