Financial District

175 Greenwich Street Almost Finished, Glass Reaches Pinnacle

10:00 am on August 1, 2017 By Nikolai Fedak

There has been no bigger development saga in Manhattan than the rebuilding of the World Trade Center, and while it may not seem glaringly obvious, things took a major step forward this week as the glass atop 175 Greenwich Street reached the building’s parapet. It will still take another few months for the southern and eastern sides of the supertall, aka Three World Trade Center, to be completely enclosed, but both northern and western fronts are now fully complete.

125 Greenwich Street Gets New Renderings, Will Rise 912 Feet

9:00 am on July 28, 2017 By Nikolai Fedak

Downtown’s condominium boom has so far resulted in several near-supertall towers, with 56 Leonard and 30 Park Place both topping-out in the past few years. Further south, 45 Broad Street promises to become the Financial District’s first legitimate residential supertall, while plans at 125 Greenwich Street have also been advancing. The latter site had previously been anticipated to rise almost 1,400 feet, but after the departure of Michael Shvo from the development team, plans have taken several major turns. Now, Bizzi & Partners has released renderings and filed plans revealing the final design, which will top out 912 feet above the streets below.

Pace University Plans to Renovate Academic Space at One Pace Plaza and 41 Park Row, Financial District

2:00 pm on February 10, 2017 By Reid Wilson

Pace University plans to spend $190 million on renovations at One Pace Plaza, its 18-story, 500,000-square-foot mixed-use academic building, and the 13-story academic building at 41 Park Row, both located in the Financial District. The first floor, lower level and courtyard entrance of One Pace Plaza will be redesigned and outfitted with new amenities, Real Estate Weekly reported. At 41 Park Row, which is an individual landmark, the ground and second floors will see renovations and new academic spaces. The entrance to the building will also be restored.

161 Maiden Lane, design by Hill West Architects

57-Story, 80-Unit Residential Tower, 1 Seaport, Rises to Sixth Floor at 161 Maiden Lane, Financial District

8:00 am on January 24, 2017 By Reid Wilson

Construction is now six floors above street level on the 57-story, 80-unit residential tower under development at 161 Maiden Lane, located on the corner of South Street in the Financial District. Progress on the structure can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the 670-foot-tall tower, dubbed 1 Seaport, will encompass 192,473 square feet.

The old Federal Hall in New York. Credit: Mount Vernon

The First Presidential Inauguration Took Place in New York

8:00 am on January 20, 2017 By Evan Bindelglass

Today, New Yorker Donald J. Trump will be sworn-in as president of the United States in Washington, D.C. Every swearing-in since 1801, except some cases that followed the death of the president, has taken place there. However, the first inauguration, that of President George Washington, took place right here in New York.

Lightstone Group Tests Waters for 244-Unit Condominium Tower at 130 William Street, Financial District

6:30 am on January 4, 2017 By Reid Wilson

The Lightstone Group is now exploring market demand for a 244-unit condominium tower at its Financial District development site at 130 William Street. The developer is abandoning previous plans, filed in March 2015, for a 50-story residential-hotel tower, The Real Deal reported. The latest building applications at the Department of Buildings have been amended to reflect the change in plans. Although the number of units don’t match reports, the latest filings detail a 61-story, 188-unit tower with 15,373 square feet of retail across the cellar through second floors. The structure would measure 386,588 square feet and rise 750 feet in height. Goldstein, Hill & West Architects is the architect of record.

Foundation Work Underway on 25-Story, 31-Unit Mixed-Use Building at 1 Beekman Street, Financial District

12:00 pm on December 6, 2016 By Reid Wilson

Foundation work is underway on the 25-story, 31-unit mixed-use building under development at 1 Beekman Street, located on the corner of Park Row in the Financial District. The work can be seen thanks to photos posted to the YIMBY Forums. In September, YIMBY revealed renderings of the project, which is set to encompass 95,285 square feet and rise 299 feet in height to its main roof. Adding the bulkhead brings the tower’s pinnacle to 335 feet. The first four floors will contain 14,583 square feet of commercial space, with retail on the ground floor and offices on the upper three. The residential units, which will be condominiums, are spread across the sixth through 22nd floors. Urban Muse is the developer and Rogers Stirk Harbour + Partners is the design architect. SLCE Architects is serving as the executive architect and completion is expected in early 2018.

23-Story, 120-Unit Mixed-Use Building Tops Out at 56 Fulton Street, Financial District

6:00 am on December 2, 2016 By Reid Wilson

Construction has topped out on the 23-story, 120-unit mixed-use building under development at 56 Fulton Street, located on the corner of Cliff Street in the Financial District. Progress on the structure, including façade installation, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the 128,540-square-foot tower stands 237 feet to its main roof, or 272 feet to the top of its bulkhead. There will be 5,865 square feet of retail space on the ground floor, followed by rental apartments, averaging 797 square feet apiece. Twenty percent of the apartments, or 24 units, will rent at below-market rates through the affordable housing lottery. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is behind the design and completion is expected next year.

33-Story, 271-Key AC Hotel Now 10 Stories Up At 151 Maiden Lane, Financial District

7:00 am on November 21, 2016 By Reid Wilson

Construction is now 10 stories above street level on the 33-story, 271-key AC Hotel, a Marriott brand, under development at 151 Maiden Lane, located on the corner of Front Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the structure will measure 139,891 square feet and stand 336 feet to its pinnacle at the top of the bulkhead. Retail space will occupy some of the ground floor and hotel rooms will be located on the third through 30th floors. LCRE Group is the developer and Pizzarotti-IBC is building the project. Peter F. Poon’s SoHo-based architecture firm is the architect. Completion is expected in the summer of 2017.

63-Story, 483-Unit Mixed-Use Tower Rises Out of the Ground at 118 Fulton Street, Financial District

8:00 am on November 16, 2016 By Reid Wilson

Construction is now occurring above ground level on the 63-story, 483-unit mixed-use tower under development at 118 Fulton Street, located on the corner of Dutch Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed 19 Dutch, will encompass 595,140 square feet and rise 758 feet above street level. That’s a significant height increase from the summer, when a 49-story tower was planned.

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