Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]
The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.
Last Friday, YIMBY brought you a construction update on the 12-story mixed-use building rising at 2040 Frederick Douglass Boulevard (a.k.a. 285 West 110th Street), in Harlem. Later that day, the New York Times published a new rendering of the project along with updated details. Dubbed Circa Central Park, the building will have 48 condominium units, ranging from 647 square-foot one-bedrooms to 3,348 square-foot five-bedrooms. Three penthouses will top the terraced structure and 10 units will be sold at below-market rates. Many of the units will feature outdoor space, either in the form of private or shared areas. Since November, the structure has risen another floor and completion is expected in 2017.
In the spring of 2014, YIMBY reported on applications for an 12-story, 49-unit mixed-use building at 2040 Frederick Douglass Boulevard, in Harlem, located on Central Park’s northwestern corner. Later that year, renderings went up on-site, and since then an eight-story structure has risen, per photos snapped by Tectonic. The curved, FXFOWLE-designed building will eventually measure a total 87,582 square feet. Within that area, 3,507 square feet of ground-floor retail space is expected, as well as 8,370 square feet of community space located on the ground and second floors. Artimus Construction is the developer and completion is expected in 2017.
YIMBY last checked in on 333 Schermerhorn Street, in Downtown Brooklyn, back in September, and since then the structure has grown rapidly, the Brooklyn Daily Eagle reports. The 56-story, 750-unit mixed-use tower is only weeks from topping out, with just five floors to go, and façade work can also be seen wrapping around the lower portion of the skyscraper. Upon completion, it will be (temporarily) the tallest building in Brooklyn, standing 610 feet above street level. Of the residential units, 150 of them will be set aside as affordable housing and 34,823 square feet of retail space is planned. Douglas Steiner is developing, Dattner Architects is designing, and move-ins are expected in mid-2016.