The Gladstone family has a long history of construction in New York, and the family’s current venture, Madison Equities, was founded in the mid-1960’s. Now, Madison is behind what will imminently become the first actual residential supertall below 34th Street in Manhattan, with 45 Broad Street set to rise 1,127 feet to its peak. Last week, Madison Equities’ CEO Robert Gladstone sat down with YIMBY to talk about that project, as well as everything else in the firm’s pipeline for the Five Boroughs.
Downtown’s residential boom continues apace with the construction of 125 Greenwich Street, which has reached two-thirds of the way to its 912-foot-tall pinnacle on a corner overlooking the World Trade Center memorial. The tower will rise above most of its neighbors in the Financial District, but since it is right across from 1 World Trade Center, it will not make a sizable impact on the skyline. Architect Rafael Viñoly is also responsible for the Midtown supertall 432 Park Avenue.
Rudin Management has nearly completed its modernization of lobby and entry areas at 55 Broad Street in Downtown Manhattan. Originally completed in 1967, the building’s new lobby, reception, and security areas are designed by Fogarty Finger Architecture.
Construction of 215 Pearl Street has largely gone unnoticed but has made significant progress. Since our last update in July of 2016, the building has topped out, façade installation is all but complete, and construction of the five-story reflective lobby is underway. The 39-story structure will be adding 320 hotel rooms to the Financial District neighborhood thanks to the developers, the Lam Group.
Yesterday, plans to install a temporary winter village on top of the recently built Pier 17 in FiDi went before the LPC, and were approved. The addition will bring an ice rink, warming hut, deck, and market space during the cold season. Howard Hughes is responsible for the $785 million development of the new shopping center and public space.