Culturespaces and IMG have transformed the base of the historic Emigrant Industrial Savings Bank into Hall des Lumières, a multi-level immersive art exhibition and cultural venue at 49 Chambers Street in the Civic Center section of Lower Manhattan. Now open to the public, the 33,000-square-foot space represents a multinational collaboration among 3D projection artists, local design studios, historic preservation teams, and sound designers.
The Battery Park City Authority (BPCA) has released a Climate Action Plan outlining how the entity will enforce greenhouse gas emissions reductions in new and existing buildings and infrastructure in the area. The plan was authored in partnership with Buro Happold, an international sustainability consultancy, and outlines key targets for Battery Park City properties.
The Museum of Chinese in America has released the first batch of renderings for its permanent new home in Lower Manhattan. Located at 215 Centre Street in Chinatown, the headquarters will expand the existing building where the museum was reportedly paying $600,000 each year in rent.
Manhattan’s historic Emigrant Industrial Savings Bank will be reborn as Hall des Lumières, a permanent center for immersive art exhibitions and cultural events. Located at 49-51 Chambers Street in Civic Center, Manhattan proposals to transform the building’s ground floor were subject to review by the Landmark Preservation Commission and approved last August.
An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.