Financial District

56 Fulton Street

23-Story, 120-Unit Mixed-Use Building Rises to 10th Floor at 56 Fulton Street, Financial District

Since rising above street level in March of 2016, the 23-story, 120-unit mixed-use project under development at 56 Fulton Street, on the corner of Cliff Street in the Financial District, has grown to 10 stories. The construction progress can be seen thanks to a photo taken by Tectonic. The 128,540-square-foot tower will eventually host 5,865 square feet of ground-floor retail space and 120 rental apartments, ranging from 450-square-foot studios to 1,250-square-foot two-bedrooms. Twenty percent of them, or 24 units, will rent at below-market rates through the housing lottery. Amenities include storage for 61 bikes, a fitness center, laundry facilities, a lounge, a dining room for events, a game room, and an outdoor terrace on the 23rd floor. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is the design architect, with Andrés Escobar designing the interiors. Completion can probably be expected in early 2017.




Foster's 200 Greenwich, composite by Jose Hernandez, image originally by Joe Woolhead

It’s Time to Bring Back Norman Foster’s Design for 2 World Trade Center

News broke this week that billionaire Ron Perelman committed $75 million to financing the World Trade Center’s Performing Arts Center, which will provide the complex with a much-needed cultural amenity. But with 175 Greenwich (3 World Trade Center) nearly complete and the remaining puzzle pieces now falling into place, it is YIMBY’s opinion that it is also time to reconsider the design changes proposed for 2 World Trade Center. With Fox failing to commit to BIG’s proposal for the site, it makes much more sense to return to Norman Foster’s far more attractive design for the tower, which was shelved last year.

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Performing Arts Center

World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming

Billionaire Ronald Perelman has pledged to donate $75 million to resurrect plans for the World Trade Center‘s Performing Arts Center, to be located at 70 Vesey Street in the Financial District. That’s the patch of land bound by Vesey, Greenwich, and Fulton streets, once home of the WTC’s temporary PATH station. The three-to four-story, 80,000-square-foot complex, now dubbed the Ronald O. Perelman Performing Arts Center at the World Trade Center, will eventually boast three theaters. They will each seat 499, 299, and 100 people, but will have the ability to be reconfigured into a single 1,200-seat theater, according to the New York Times. Brooklyn-based REX Associates is responsible for the design. Perelman’s donation will be combined with $100 million already awarded by the Lower Manhattan Development Corporation (LMDC). The project is reportedly expected to cost $240 million in total, although the the LMDC said last year it will cost no more than $200 million. Groundbreaking is set for 2018.


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