Construction Update

Foundations at 50 Trinity Place Partially Reach Street Level in Financial District

Foundation work has partially reached street level at 50 Trinity Place in the Financial District, the site of a new Aloft Hotel. The first half of the ground-floor slab has been formed, while the eastern half has yet to catch up. Bundles of steel rebar for the columns can also be spotted standing vertically on the property. Located diagonally across from Trinity Church at the corner of Trinity Place and Rector Street, the project is designed by Peter Poon Architects and is being developed by FIT Investment Corporation, which purchased the Lower Manhattan site for $15 million in 2012.

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Handel Architects’ Madison House on Pace for 2020 Completion in NoMad

Work is nearing completion on Madison House, aka 126 Madison Avenue, number 18 on YIMBY’s countdown of the tallest projects under construction in New York City. Designed by Handel Architects, the 805-foot-tall, 62-story residential skyscraper topped out over NoMad with its façade almost entirely completed. Fosun Group and JD Carlisle are developing the nearly 300,000-square-foot project, while Douglas Elliman is handling sales and marketing of its 199 condominiums.

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David Adjaye’s 130 William Street Finishes Curtain Wall Installation in Financial District

The final charcoal-colored curtain wall panels were recently hoisted into place on 130 William Street, the 19th tallest skyscraper under construction in our annual countdown. Designed by David Adjaye of Adjaye Associates, the 800-foot-tall residential building made rapid progress throughout 2019, capped now by the completion of its signature façade of concrete-cast arches. The 66-story Financial District project is being developed by Lightstone, with Hill West Architects as the architect of record. Corcoran Sunshine Marketing Group is handling sales and marketing for the 242 residential units, which will range in price from around $1,300,000 for a one-bedroom to $20,000,000 for a four-bedroom, full-floor penthouse.

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Skyline Tower’s Crown Begins Formation in Long Island City

Work has begun on the crown of Skyline Tower, aka 23-15 44th Drive, the 21st tallest building under construction in YIMBY’s annual December countdown. The reinforced concrete superstructure topped out over Long Island City at 778 feet tall, making it the current tallest skyscraper in Queens and the outer boroughs. The project is designed by Hill West Architects and developed by United Construction & Development Group, FSA Capital, and Risland US Holdings LLC. Modern Spaces is the exclusive marketing and sales agency for the 802 residences, which are designed by Whitehall Interiors.

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