Work is nearing completion on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 21st century overhaul is expected to cost around $1.5 billion, transforming the 90-year-old, 564-foot-tall Art Deco skyscraper with a multi-story addition designed by SLCE Architects as well as a 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The Financial District property will yield 566 new units with sales handled and marketed by Compass.
The Grace Baptist Church has big plans for the adjacent empty lot at Sixth Avenue and Second Street in Mount Vernon. Proposals are in the works for a 14-story building known as The Grace, yielding 267 apartments ranging from studios to three-bedroom units, parking below grade for 130 vehicles, ground-floor space for church conference rooms, and a catering hall. SLCE Architects is responsible for the design.
YIMBY attended a topping-out celebration yesterday afternoon at Olympia, a 26-story mixed-use residential edifice at 30 Front Street in DUMBO, Brooklyn. Developed by Fortis Property Group and designed by Hill West Architects with Workstead handling interiors, the 401-foot-tall tower is the tallest structure in the neighborhood and will yield 76 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the Eklund Gomes Team at Douglas Elliman and Karen Heyman at Sotheby’s. Olympia is situated on a relatively narrow triangular plot bound by Front Street to the north, Washington Street to the east, and York Street to the south. Urban Atelier Group is managing construction, Manhattan Concrete is creating the reinforced concrete superstructure, and King Contacting Group is in charge of the CMU work, exterior insulation finish systems, and roofing.
The affordable housing lottery has launched for 65 Graham Avenue, a six-story mixed-use building in Williamsburg, Brooklyn. Designed by Bricolage Designs, the structure yields 5,567 square feet with eight residences and both commercial and community facility space. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,258 to $167,570.
Construction has topped out on 141 East Houston Street, a ten-story mixed-use office building on Manhattan’s Lower East Side. Designed by Roger Ferris + Partners and developed by East End Capital and K Property Group, the 68,000-square-foot structure will yield office space as well as retail on the ground floor and two cellar levels. The property is located between Forsyth Street to the west and Eldridge Street to the east on a plot that was formerly occupied by the Sunshine Cinema.