Financial District

Construction Wraps on 30-Story, 317-Key Courtyard Marriott Hotel at 133 Greenwich Street, Financial District

11:00 am on April 18, 2016 By Reid Wilson

It was in March of 2015 when YIMBY last brought you a construction update on the 30-story, 317-key Courtyard Marriott under development at 133 Greenwich Street, in the Financial District. At the time, the project was 18 stories above street level. Since then, the structure has topped out and has received much of its façade elements, as seen in photos by Tectonic. The building’s windows are all in place and paneling is currently being installed on its southern face. In all, the building measures 151,282 square feet. There will be retail space on the ground floor, with the hotel taking up the rest of the building. A fitness center will be located in the cellar, followed by a restaurant on the sixth floor, and a rooftop bar and terrace on the 28th floor. Hidrock Properties is the developer, while Danny Forster Design Studio being responsible for the design, with Peter Poon Architect serving as the architect of record. Completion can be expected later this year.

23-32 Park Row in 2015, before demolition. image via Google Maps

L+M Files a 54-Story Tower at 23 Park Row in the Financial District

7:30 am on April 18, 2016 By Rebecca Baird-Remba

L+M Development and the owners of J&R Music are pushing forward with plans to erect a 54-story, mixed-use tower at 23 Park Row, across the street from City Hall Park in the Financial District.

33-Story, 521-Unit Mixed-Use Conversion Filed for 20 Broad Street Office Tower, Financial District

6:00 am on April 18, 2016 By Reid Wilson

In December of 2015, Nathan Berman’s MetroLoft Management purchased the leasehold on the 27-story, 473,000-square-foot office building at 20 Broad Street for $185 million from Vornado Realty Trust, with plans to convert the property into residential units. Now, the developer has filed applications for the project, which call for vertically expanding the building by six stories, or 38,098 square feet, to 33 floors. That would boost the structure’s height from 317 feet to 417 feet. There will be 521 residential units, measuring an average of 795 square feet apiece. The apartments will be rentals, and roughly 200 will be studios, with the rest ranging from one- to three-bedroom configurations.

Construction at 56 Fulton Street. Photo by YIMBY reader Rich Brome

Above-Ground Work Underway on 23-Story Rental Project at 56 Fulton Street, Financial District

8:00 am on March 25, 2016 By Evan Bindelglass

When YIMBY last reported on the 23-story, 120-unit mixed-use rental project at 56 Fulton Street, between Cliff and Gold streets in the Financial District, $61.75 million in financing had just been landed. That was back in December of 2014. Today, we can report actual construction progress. A photo sent to us by a reader shows the work being done, and that work has reached the second floor.

Rendering of the relocated Tin Building.

Landmarks Approves Relocation of Tin Building at South Street Seaport

7:30 am on March 23, 2016 By Evan Bindelglass

Another piece of the puzzle that is the Howard Hughes Corporation’s plan to revitalize the South Street Seaport is one step closer to fitting into place. On Tuesday, the Landmarks Preservation Commission approved the relocation of the Tin Building.

Rendering of 143 Fulton Street. Courtesy YIMBY reader Rich Brome.

Revealed: 26-Story, 228-Key Hotel At 143 Fulton Street, Financial District

7:30 am on March 21, 2016 By Evan Bindelglass

When we last checked in on the site of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street, between Broadway and Nassau Street in the Financial District, demolition of its three-story occupant was underway. Since then, demolition has been completed and, thanks to a YIMBY reader, we have a new look at the coming hotel.

New Developer Takes Over Four-Story Hotel Conversion Of Battery Maritime Building At 10 South Street, FiDi

10:00 am on March 17, 2016 By Reid Wilson

Connecticut-based Stoneleigh Capital has reportedly signed a letter of intent with the New York City Economic Development Corporation to head the redevelopment of the four-story Battery Maritime Building, an individual landmark located at 10 South Street, in the Financial District. According to Politico New York, the new developer replaces the Dermot Company, who was selected in 2006 to transform the building into a hotel but never completed the project. The conversion is currently a little more than halfway complete. Once finished by the end of 2017, it will include a 60-plus-key boutique hotel, a restaurant and bar on the rooftop, and pubic space in the Grand Hall. Part of the building is still used to launch ferries to Governors Island. Rogers Partners originally designed the project, but when the project resumed after the last economic downturn it was subsequently re-designed for a new program by Ismael Leyva Architects, who also took the building through multiple agency approvals and finally into construction.

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

Plans For 452-Unit Rental Conversion Of 26-Story Office Building At 2 Rector Street Abandoned, Financial District

10:00 am on March 9, 2016 By Reid Wilson

During the summer of 2015, Kushner Companies and CIM Group filed plans with the Department of City Planning to convert the 26-story, 466,000-square-foot office building at 2 Rector Street, in the Financial District, into 452 rental apartments. The developers are now abandoning those plans and are in contract to sell the office building to Cove Property Group for roughly $225 million, according to the New York Post. The sale comes three years after Kushner and CIM acquired the property for $140 million. The new owners plan to continue leasing the property to commercial tenants. It was 84 percent occupied in 2015, by multiple tenants.

Less Overhang Paves Way for Landmarks Approval of Mixed-Use Tower at 77 Greenwich Street

8:00 am on March 9, 2016 By Evan Bindelglass

A 35-story mixed-use project in the Financial District can now go forward, thanks to approval from the Landmarks Preservation on Tuesday. The project is at 77 Greenwich Street (a.k.a. 42 Trinity Place) and needed LPC approval because it would cantilever over the Robert and Anne Dickey House, an individual landmark immediately to the south at 67 Greenwich Street (a.k.a. 28-30 Trinity Place). The changes to the design weren’t too dramatic and one of them was described as a “no-brainer” by the LPC chair.

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