Financial District

World Trade Center Transportation Hub Opens To The Public, Financial District

6:00 am on March 4, 2016 By Reid Wilson

This past January, news broke that the $3.9 billion World Trade Center Transportation Hub in the Financial District would open to the public in early March. Last week, Curbed NY gave you a sneak peek inside the Santiago Calatrava-designed structure, and yesterday, on March 3rd, the hub officially opened. As seen in the photos, only a large chunk of the main concourse is open right now, and the rest of the structure is expected to follow in phases over the next few months. That includes 365,000 square feet of retail space to be managed by Westfield Corp. The Port Authority can now prepare to remove the temporary PATH station entrance near One World Trade Center, site of the planned World Trade Center Performing Arts Center, or PAC WTC. As reported earlier, the new transit hub now serves as the connection point for 11 subway lines, World Trade Center-bound PATH trains, multiple bus lines, and ferry service.

First Look At 86-Story, 245-Unit Mixed-Use Supertall Tower At 45 Broad Street, Financial District

6:30 am on February 29, 2016 By Reid Wilson

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.

25-Story Mixed-Use Office Building Now Planned At 68-74 Trinity Place, Financial District

6:30 am on February 25, 2016 By Reid Wilson

Back during the summer of 2015, YIMBY brought you an update on the ongoing demolition of the five-story structure at 68 Trinity Place and the 25-story building at 74 Trinity Place, in the Financial District. Property owner Trinity Church has long sought to build a 500-foot-tall mixed-use condominium building at the site, but those plans have now been scrapped in favor of a 25-story, 145,000-square-foot mixed-use building with office space rather than apartments. According to The Real Deal, there will be 98,000 square feet of community facility space for the religious organization, fit with classrooms, a fitness center, a café, and meeting rooms. The office space will begin on the 10th floor. Pelli Clarke Pelli Architects, who designed the latest residential proposal, will again be responsible for the design of the office plans.

Proposed condition at 67 Greenwich Street with 77 Greenwich Street/42 Trinity Place to the left.

Landmarks Requires Rethink of Cantilevered Mixed-Use Tower at 77 Greenwich Street

8:00 am on February 17, 2016 By Evan Bindelglass

The proposed 500-foot-tall mixed-use building at 77 Greenwich Street (a.k.a. 42 Trinity Place) suffered a setback on Tuesday. The Landmarks Preservation Commission did not vote to approve its proposed cantilevered portions.

Developer Successfully Assembles Air Rights For Supertall Mixed-Use Tower At 80 South Street

6:30 am on February 12, 2016 By Reid Wilson

This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.

Reveal For 35-Story, 85-Unit Mixed-Use Tower Planned At 77 Greenwich Street, Financial District

6:00 am on January 28, 2016 By Reid Wilson

Earlier this week, the city’s School Construction Authority disclosed a deal with Trinity Place Holdings to include a 476-seat elementary school within the base of a planned mixed-use development at 32-42 Trinity Place, in the Financial District. Yesterday, the New York Post revealed renderings of the 35-story tower, which will be known as 77 Greenwich Street. The 285,000 square-foot building will rise 500 feet above street level, and in addition to the school, will include roughly 85 condominium units and 7,000 square feet of retail space. The school will span the first nine stories in the structure, so units will begin 150 feet above the street, offering expansive waterfront views. Only the vacant six-story commercial building at 32-42 Trinity Place is expected to be demolished. Some of the air rights at 85 Greenwich are being used along with rights from the developer-owned, four-story Dickey House, an individual landmark at 67 Greenwich. FXFOWLE Architects is designing and completion is set for 2019.

Developer Moves Forward With Unknown Project At 23-32 Park Row, Financial District

6:00 am on January 27, 2016 By Reid Wilson

L+M Development Partners is moving forward with an unknown development at 23-32 Park Row, in the Financial District. Last week, YIMBY forumers posted that demolition permits have been approved to take down the four-story building at 23-27 Park Row, the five-story property at 29 Park Row, and the five-story structure at 31-32 Park Row. All the buildings were formerly used as commercial-retail space and demolition can commence as soon as the structures are prepped. The property assemblage consists of a 17,855 square-foot plot with just under 150 feet of street front on Park Row. The site can accommodate 267,825 square feet in development potential as-of-right, according to our calculations, and it could sprout an office or hotel building with retail space, or a mixed-use project with residential units.

Developer, SCA Reach Deal At Planned Mixed-Use Development At 42 Trinity Place, Financial District

10:00 am on January 26, 2016 By Reid Wilson

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.

Three World Trade Center Rises Into The Sky At 175 Greenwich Street, Financial District

6:30 am on January 25, 2016 By Reid Wilson

YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.

91-Story, 275-Unit Residential Tower Now Planned At 125 Greenwich Street, Financial District

10:00 am on January 20, 2016 By Reid Wilson

Over the summer, YIMBY revealed the latest renderings for the planned 1,000-foot-plus residential tower at 125 Greenwich Street (a.k.a 22 Thames Street), in the Financial District. Permits with the Department of Buildings have yet to depict such tower, but filings with the Attorney General’s office offer a more accurate description of what’s planned. According to The Real Deal, the building will stand 91 stories above street level. It will have 275 condominium units spread across 306,312 square feet of residential space. Specifically, the units will range from studios to three-bedrooms, with the largest unit measuring 3,625 square feet. Michael Shvo, Vector Group, and Bizzi & Partners are developing the tower and Rafael Viñoly Architects is designing it. The floor layouts suggest the final design has yet to be revealed, although foundation work is currently underway. Completion is expected in 2018.

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