Second on YIMBY’s Turkey Week tour of stalled projects is 45 Park Place, a 43-story residential skyscraper in Tribeca. Designed by SOMA Architects with Ismael Leyva Architects as the executive and residential architect and developed by Sharif el-Gamal of Soho Properties, the 667-foot-tall tower has been stalled since sometime in late 2019. Piero Lissoni is the interior designer, Permasteelisa Group and Vidaris are the façade consultants, and Gilbane Residential Construction is the general contractor for the property, which is located between Church Street and West Broadway.
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
The reflective glass curtain wall was installed to around the two-thirds mark of the tower by late 2019, but no progress has been made since then. The paneling features some variety in its appearance, with sections of more transparent glass and others with an opaque green hue. The reinforced concrete superstructure on the upper levels and stepped crown remains bare, and the ground floor sits tucked behind sidewalk scaffolding and fencing.
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
Close-up shots show how the orange safety netting on the upper levels has deteriorated from exposure to the elements over the last three years.
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
45 Park Place. Photo by Michael Young
One World Trade Center reflected on 45 Park Place. Photo by Michael Young
Directly adjacent to the tower was to be a 71-foot-tall, 16,000-square-foot Islamic cultural center at 51 Park Place. Designed by Scott Newman of Cooper Robertson, this component remains completely unbuilt. The below rendering shows the facility tucked along the northern corner of the site and surrounded by a landscaped plaza.
45 Park Place. Rendering by Williams New York.
Like Seaport Residences, 45 Park Place’s unfinished concrete skeleton remains an unfortunate blemish on the Lower Manhattan skyline. Though far from supertall status, the completed tower would nonetheless nicely contribute to the increased vertical density of the district alongside other modern glass residential skyscrapers like 111 Murray Street and 56 Leonard Street.
45 Park Place (right) seen from Brooklyn. Photo by Michael Young
45 Park Place’s original completion date was set for October 2018. It is unclear when work will resume.
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The skyscraper is pretty tall today, and its stalled nice to look at because small size next to One World Trade Center. The structure was the previous view into a rendering, now it’s shown to the general public and be sure that a machine makes completion date happen: Thanks to Michael Young.
Not sure why these companies that run out of money just don’t sell these projects as is.
Lol you think they dont try to? “As is” comes with hundreds of millions in unpaid construction loans and debt all for a potentially compromised build – tough sell.
I thought builders were required to have a completion bond or performance bond, to prevent stalled, unfinished project from remaining stalled forever.
Maybe someone in NYC can start offering tours of the “unfinished”, and make some money?! 🤫
Call it the “BLIGHTS OF MANHATTAN”!
Is south of Chambers St really considered to be Tribeca?
At least down to Murray street. Some say Vesey I think anything south of Murray or east of Broadway is just for marketing
The rental expense of the construction crane keeps mounting.
There has got to be a default on the construction loan and likely foreclosure. Someone should have taken over at a fraction of the original cost but it sits idle. I look at it every day