Financial District

20-Story Office Building At 40 Exchange Place To Get Renovations & Retail Space, Financial District

6:00 am on November 18, 2015 By Reid Wilson

Newmark Holdings and Northwind Group have purchased the 20-story office building at 40 Exchange Place, in the Financial District, for $115 million, according to Crain’s. They plan to renovate the property to accommodate small to mid-sized office tenants. Renovations will include significant changes to the lobby and the building’s common spaces, as well as the addition of retail space on the ground floor. Natixis Real Estate provided a $65 million acquisition loan and a $16.5 million construction loan.

New Proposal For WTC’s Performing Arts Center To Be Presented In Coming Weeks

8:30 am on October 30, 2015 By Reid Wilson

The Lower Manhattan Development Corp. will present their latest plans for the World Trade Center’s performing-arts center later this fall, according to The Wall Street Journal. The board previously abandoned Frank Gehry’s design and decided to limit the project’s above-grade construction costs to no more than $200 million. The latest plans now call for a three- to four-story building measuring roughly 80,000 square feet. The building would also include a 600- to 700-seat auditorium, a 200-seat theater, and a restaurant on the ground floor. The architect has not yet been named.

Expansion Tops Out At 19-Story, 140-Unit Extended-Stay Hotel At 84 William Street, Financial District

6:00 am on October 27, 2015 By Reid Wilson

Korman Communities, Shorewood Real Estate Group, and Prodigy Network have recently topped out their 19-story, 140-unit extended-stay hotel building at 84 William Street, in the Financial District, courtesy of a YIMBY reader. The AKA brand will manage the building, and guest suites will range from a few hundred square feet to 1,000 square feet. In addition to the hotel lobby, retail space and a restaurant will be located on the ground floor. Asfour Guzy Architects is designing, and completion can probably be expected in early 2016.

Developers Close On 45 Broad Street, Plan 65-Story Condo Tower, Financial District

6:00 am on October 26, 2015 By Reid Wilson

Back in August, YIMBY brought you news that Madison Equities was in contract for the development site at 45 Broad Street, in the Financial District, and now the developer has closed on the property for $86 million. Madison Equities is partnering with Pizzarotti-IBC to build a 65-story condominium tower, potentially totaling 290,000 square feet. AMS Acquisitions is also a minority investor, and Cetra/Ruddy is designing the project. Completion of the tower is tentatively scheduled by 2019.

50 West Street is Topped Out And Nearing Exterior Completion

8:00 am on October 23, 2015 By Vitali Ogorodnikov

Exterior completion is approaching for one of the most dramatic additions to the Downtown skyline in decades. The Helmut Jahn-designed residential skyscraper at 50 West Street reached its full height of 784 feet in September. As of today, most scaffolding has been removed from the crown, revealing a slanted concrete halo. The elegant concrete band will soon be obscured by a cocoon of curvy glass, which is being installed only nine floors below.

Construction Update: 100 Greenwich Street

8:00 am on October 20, 2015 By Vitali Ogorodnikov

Construction at 100 Greenwich Street is in full swing, as the 25 story hotel’s lower levels are now taking shape. The building was designed by architect Gene Kaufman, whose similarly scaled hotel at 6 Water Street is currently rising on Manhattan’s southern tip.

51-Story, 68-Unit Residential Tower At 5 Beekman Street Close To Topping Out, Financial District

3:00 pm on October 19, 2015 By Reid Wilson

Back in June, YIMBY last brought you a construction update on the 51-story, 68-unit residential tower at 5 Beekman Street/115 Nassau Street, in the Financial District. In the summer, the building was a few floors from topping out, and now, per Curbed, the building has topped out with exception of the metal ornamental turrets. The Gerner Kronick + Valcarcel-designed tower rises from the 10-story Temple Court building, which is also being converted into a 287-key hotel. GFI Capital and GB Lodging are developing, and completion is expected next year on both components of the project.

Construction Update: 6 Water Street Reaches Eighth Floor

7:00 am on October 15, 2015 By Vitali Ogorodnikov

The hotel at 6 Water Street in the Financial District, slated to stand 29 stories tall, has reached its eighth floor. The future 249 room establishment, designed by Gene Kaufman, is located near the southern tip of Manhattan, making it the southernmost construction project on the island. Only seven highrise buildings claim a latitude further south.

New Renderings for 118 Fulton Street, 49-Story Residential Tower Coming to the Financial District

8:00 am on October 13, 2015 By Nikolai Fedak

Late last year, YIMBY posted a video featuring renderings of plans for a new 63-story residential tower at 118 Fulton Street. The design featured in the film was originally created for the Lightstone Group, which sold off 112-118 Fulton Street to Carmel Partners last September for $171 million. But while the site’s developer has changed, its appearance has seemingly stayed the same, and a new on-site rendering confirms that a design similar to the one previously posted will be built.

Residential Conversion Planned At 20 Broad Street, 27-Story Office Building In Financial District

6:00 am on October 5, 2015 By Reid Wilson

Back in August, Vornado Realty Trust mulled the idea of a residential conversion at the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District. Now, Nathan Berman is purchasing the leasehold from Vornado and reportedly following through with the conversion to rental apartments, per Crain’s. The New York Stock Exchange — expected to vacate the structure next August — owns the land under the building, and the lease expires in 2081.

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Financial District

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