Financial District

Seaport Residences Remains Stalled at 161 Maiden Lane in Financial District, Manhattan

Kicking off our annual Turkey Week rundown of notable stalled projects is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower has been on hold since sometime in late 2020, and its future remains uncertain. The 200,000-square-foot structure is planned to yield 80 units with interiors by Groves & Co. Ray Builders was the latest contractor for the property, which is located on a narrow rectangular site bound by South Street and Maiden Lane.

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Street-level renderings of proposed changes to 60 Wall Street's front elevation; Submitted to the LPC September 2022

Paramount Group’s Modernization Project at 60 Wall Street Remains Uncertain After LPC’s No-Action Ruling

Local preservationists recently celebrated the Landmark Preservation Commission’s decision to take no action on proposals to redesign 60 Wall Street‘s iconic lobby and atrium in the Financial District of Manhattan. Led by Paramount Group, the building’s current owner, the proposed renovation includes replacement of the atrium’s geometric columns, perforated ceilings, palm trees, and terrazzo flooring with a more modern design by international architect Kohn Pederson Fox.

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77 Water Street - © John W. Cahill; CTBUH

Sage Realty Secures $127.5M Loan to Complete Improvements at 77 Water Street in Financial District, Manhattan

Sage Realty and Principal Real Estate Investors have secured a $127.5 million financial package to complete major capital improvements at 77 Water Street, a 26-story commercial building in Manhattan’s Financial District. The scope of work will focus on the pedestrian plaza at the foot of the property, upgrades to the lobby, and a redesign of the existing arcade.

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