Construction Update



Site 4 North of Essex Crossing, 180 Broome Street, rendering by Handel Architects

$200 Million Construction Loan Secured for 180 Broome Street, Essex Crossing, Lower East Side

Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.

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23 Park Row

54-Story Tower at 23 Park Row Begins to Rise Above Street Level, Financial District

The last time YIMBY reported on progress at 23 Park Row, on the northern edge of the Financial District directly across from City Hall Park, excavation work had mostly wrapped, and foundation pouring had just begun. Four months later, concrete for the base of the soon-to-be 54-story tower has mostly wrapped, and formwork has breached street level, signaling the skyscraper’s rise is about to begin in earnest.

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View of Downtown at 277 5th Avenue, image by Andrew Campbell Nelson

Exclusive First Look Inside Viñoly-Designed 277 Fifth Avenue, NoMad

Last week, YIMBY was the first media outlet to be given a tour of the sales gallery and construction site of the 55-story skyscraper at 277 Fifth Avenue, in Nomad, Manhattan, a project which we have reported on extensively over the past several years. Designed by Rafael Viñoly, the high-rise is currently on its 46th floor, with only nine to go before topping-out occurs. After a nerve-racking elevator ride outside of the building, we stepped out to what is currently its highest floor, which already offers expansive views of the New York City skyline.

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