Financial District


World Trade Center Transit Hub

World Trade Center Transportation Hub To Open In March, Financial District

YIMBY last reported on the World Trade Center Transportation Hub last July, when the ribbed structure’s exoskeleton was complete, the glass skylight was going in, and interior work was the focus. Now, the transit center, dubbed the Oculus, is expected to officially open in early March, Curbed NY reports. The $3.9 billion creation was designed by Santiago Calatrava and will serve as the terminus for World Trade Center-bound PATH trains, and connection points for the A, C, E, J, Z, R, 1, 2, 3, 4, and 5 subway lines, multiple MTA buses, and ferry service. In addition, 365,000 square feet of retail space, managed by Westfield Corp., is in the works within the transit hub alone.


2 World Trade Center

Media Companies Back Out Of Anchoring Bjarke Ingels-Designed 2 World Trade Center, Financial District

Last summer, News Corp. and 21st Century Fox signed a letter of intent to lease 1.3 million square feet in the Bjarke Ingels Group-designed 2 World Trade Center (a.k.a. 200 Greenwich Street), in the Financial District. It was never a contract that bounded the media companies to the space, and last week they decided not to make the move, Bloomberg Business reported. The two businesses will extend their leases through 2025 at their current headquarters at 1211 Sixth Avenue and 1185 Sixth Avenue, in Midtown. The fate of both Bjarke Ingels’ latest design and Norman Foster’s original design are unknown. The foundation for Foster’s tower, a 2.8-million square-foot, 80-story office building, has already been already built.


45 Broad Street

Developers Plan 86-Story, 1,100-Foot-Tall Mixed-Use Tower At 45 Broad Street, Financial District

Back in the fall of 2015, Madison Equities and Pizzarotti-IBC closed on the purchase of the 45 Broad Street development site in the Financial District, and now Curbed reports the pair are planning an 86-story, 245-unit residential tower. The supertall – being designed by CetraRuddy – would stretch 1,100 feet into the sky, although some details are still being finalized. In addition, five floors of commercial space are planned, and future residents will have access to amenities including, but not limited to, a swimming pool, a gym, and a lounge. New building applications are expected sometime this summer, and groundbreaking is scheduled for later this fall. A tentative completion date is slated for 2018.


86 Trinity Place

Investor Purchases Stake At Planned 14-Story, 156-Key Hotel & Retail Conversion At 86 Trinity Place, FiDi

Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]


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