Nearly four years after permits were filed, 111 Murray is almost entirely finished. The 792-foot tall structure will add 157 condominiums to the Lower Manhattan and Tribeca market. After applications were approved in May of 2015, construction was quick to start. Now, the development by Fisher Brothers, Witkoff, and New Valley is nearing completion. All that remains to be installed of the facade are two glass panels on the southwestern edge.
It’s been more than two years since we’ve heard any news about 456 Greenwich Street, a large eight-story hotel development that’s been inactive since the extant structures were demolished. The silence was broken Friday, December 22nd, when Caspi Development, Mactaggart Family & Partners, and Barone Management celebrated the official groundbreaking in Tribeca.
Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.
In the wake of Superstorm Sandy in 2012 and the realization of rising sea levels, YIMBY, in 2013 and 2014, wrote on “Seaport City,” which was the Bloomberg administration’s ambitious proposal to mitigate flood waters in Lower Manhattan. But the city’s Economic Development Corporation is moving forward with another, less expensive plan, once dubbed the Big U and later the Dryline. The latest news concerns transforming the current shoreline from Harrison Street, in TriBeCa, to Montgomery Street, on the Lower East Side. This section would measure roughly 3.5 miles, and last week the city selected AECOM, who leads ONE Architecture and Bjarke Ingles Group (BIG), and Dewberry to officially design and engineer it, Crain’s reports.
When YIMBY last visited the site of the 192-room hotel at 100 Greenwich in October 2015, the 25-story tower’s foundations were only beginning to take shape. Rebar was being laid out for the concrete foundation mat at the rear on the site, while the front portion was still under excavation. Three months later, the building is yet to breach ground level, but its foundations are virtually complete.