At the intersection of Broadway and East 11th Street andon the edge of Greenwich Village, a new boutique office will soon rise at 799 Broadway thanks to a $70 million purchase by Columbia Property Trust, according to Crain’s. Columbia received a nearly 50% stake in the sale, and will join co-owner Normandy Real Estate Partners. The current structure today will eventually be demolished to make way for the new glass building that will span around 180,000 square feet, and stand 12 stories tall.
Articles by Michael Young
Alchemy Properties, alongside Daishin Securities, successfully acquired the site of 378 West End Avenue for $158 million last week, which will eventually become the home of a ground-up 19 story condominium building on the Upper West Side of Manhattan. It will be combined with a new 12-story structure, in conjunction with landmarks approvals, to be built at 260-262 West 78th Street, the former location of The Collegiate School.
A tipster’s photos of the impending 10-story residential project at 80 Adams Street in Dumbo, Brooklyn shows progress on the foundations, which are now being poured and laid with concrete and rebar. 165 units will occupy a site that previously featured a Jehovah’s Witness parking garage. The site was bought for around $60 million and is currently owned by Jeffrey Gershon of Hope Street Capital. ODA is the designer of the new building, which will eventually rise 120 feet above the streets below, and contain nearly 186,000 square feet of interior space. Triton Construction Company is the general contractor.
Ahead of the 17th anniversary of 9/11, the first subway trains began to stop and deliver passengers in and out of the newly opened Cortlandt Street subway stop on the 1 train, which was closed for nearly two decades from the collapse of the Twin Towers. Today, with a long, bright and expansive platform, the entrance from the Oculus can be found on the western side of its second floor while coming down from the Greenwich Street doors, or from the street, thanks to a series of double stairways and an ADA-accessible elevator next to the Memorial and future Performing Arts Center.
Sitting directly across the street to the east of 108 Chambers Street, another new residential project is changing the landscape of Tribeca. Located between Warren Street and Chambers, the 12-story 30 Warren Street has already-topped out, and is currently blanketed in a web of scaffolding and black construction netting. The building is being designed by Post-Office Architects (POA), while HTO Architects serves as the executive architect. Cape Advisors is developing, the same group behind 75 West Broadway just down the block to the west.