Michael Shvo

555 Broome Street

Financing Complete For 25-Story, 115-Unit Mixed-Use Project At 565 Broome Street, Hudson Square

Over the summer summer, YIMBY partially revealed renderings for the planned 25-story, 115-unit residential building at 565 Broome Street (a.k.a 100 Varick Street), in Hudson Square. The developers have now secured a $320 million construction loan for the project, according to Crain’s, and Cindat (the U.S. branch of Beijing-based China Cinda Asset Management Co.) also acquired a $135 million stake in the project. The development team – SHVO, Bizzi & Partners Development, Halpern Real Estate Ventures, Aronov Development, and Itzhaki Acquisitions – recently acquired the two-story annex at 555 Broome for $9 million, completing the assemblage.

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125 Greenwich Street

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

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.


125 Greenwich Street

New Design For 125 Greenwich Street, the Financial District’s First Residential Supertall

Last September, YIMBY revealed a new design for 125 Greenwich Street, a supertall planned for the corner of Thames and Greenwich Streets, just across from the new World Trade Center. Now, we have updated images of the project, which has seen significant modifications since those images were released; nevertheless, the Rafael Viñoly-designed building will still stand well over 1,000 feet in height, and is set to become Manhattan’s tallest residential tower south of 57th Street.

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555 Broome Street

Semi-Revealed: 555 Broome Street, Renzo Piano-Designed Hudson Square Condo Project

Back in March, YIMBY posted the first glimpse at the new condominium building coming to 555 Broome Street, in Hudson Square. Renzo Piano was recently revealed to be designing the project, formerly known as 100 Varick Street, which Bizzi & Partners, Itzhaki Aquisitions, and Michael Shvo are developing, and permits went up two weeks ago. Now, YIMBY has a new rendering of the building, giving a much better idea as to its ultimate appearance.

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The Getty, 239 Tenth Avenue, image from Victor Group

New Look for 239 Tenth Avenue, aka The Getty, High Line Condo Project in West Chelsea

Last week, YIMBY posted an update with the first full renderings for 239 Tenth Avenue, a new eight-unit condominium project that’s about to begin construction on the northwest corner of 24th Street and Tenth Avenue. Now we have another set of images for the building, dubbed “The Getty,” which is being designed by Peter Marino and developed by Victor Group and Shvo.

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