Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.
Herzog and de Meuron
In November, the 28-story, mixed-use building under development at 215 Chrystie Street, on the Lower East Side, was at the 16th floor, and now Bowery Boogie reports the tower has topped out. The 245,264-square-foot structure stands 314 feet above the street level and will include hotel and residential portions. The building’s lower portion will sport a 370-key Public Hotel, with retail and restaurant space located on the ground floor. The upper portion will feature 11 condominium units, each averaging a spacious 3,035 square feet. Ian Schrager and Witkoff are the developers with Herzog & de Meuron as the design architect and Handel Architects is the architect of record. Completion is expected later this year.
Over the summer, YIMBY brought you new renderings and details on the planned 88-unit luxury residential tower at 36 Central Park South, dubbed 1 Park Lane, which would replace the 46-story, 628-key Park Lane Hotel. The project was in the pre-development stages and advertised in the EB-5 program, but its developers, Witkoff and Macklowe Properties, are shelving plans for now, Bloomberg Business reports. Due to uncertainty in EB-5’s congressional reform, a slowdown in the Chinese economy, and an over-saturation in the ultra-luxury residential market, the Park Lane will remain as a hotel for the foreseeable future. Its operations and management are in the process of being repositioned, and Witkoff is in talks to refinance debt on the property.
In the summer of 2014, YIMBY revealed renderings of Ian Schrager’s planned residential building at 160 Leroy Street (a.k.a. 357 West Street), in the West Village, and now The New York Times has an update on the project. The Herzog & de Meuron-designed structure will actually stand 15 stories and accommodate 49 condominium units, which will range from 1,100 to 6,000 square feet. A 12,000 square-foot penthouse will top the building. Madison Cox Associates is also designing a 9,750 square-foot courtyard and Christian Liaigre is designing the interiors. The assemblage’s existing buildings are now being razed, and completion is expected by the end of 2016.
This past summer, construction kicked off on the 28-story, 370-key mixed-use building planned at 215 Chrystie Street, on the Lower East Side. Now, the project has risen to 16 floors and is beginning to emerge on the skyline, Bowery Boogie reports. Glass installation is also well underway, with the exteriors of floors two through six nearly completed. The upper portion of the tower will give way to 11 condominiums. Ian Schrager and Witkoff are developing, while Herzog & de Meuron is the design architect. Completion is expected in 2016.