New Valley

111 Murray Street

58-Story, 157-Unit Condo Tower Rises Above Street Level at 111 Murray Street, TriBeCa

6:30 am on August 5, 2016 By Reid Wilson

When YIMBY dove into the history of 101-111 Murray Street in TriBeCa earlier this summer, foundation work was underway for a planned 58-story, 157-unit residential tower. Construction on the project is now three stories above street level, as seen in photos posted to the YIMBY Forums by user rbrome. The latest building permits indicate the tower, to rise 800 feet, will encompass 479,278 square feet. The ground floor will host 2,088 square feet of retail, followed by residential units starting on the fourth floor. The apartments, condominiums, should average 2,356 square feet apiece. They will be accompanied by 20,000 square feet of luxury amenities. Fisher Brothers, Witkoff, and New Valley are the developers. Kohn Pedersen Fox Associates is the design architect while Goldstein, Hill & West Architects is serving as the executive architect. MR Architecture + Décor and Rockwell Group are designing the interiors, and Edmund Hollander Landscape Architects is designing the area around the base. Completion is expected in 2018.

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Rendering of 125 Greenwich Street. Via Bizzi & Partners Development

New Renderings Confirm 125 Greenwich Street’s Supertall Status

8:00 am on June 27, 2016 By Evan Bindelglass

Less than two weeks ago, the foundation was completed for a new mixed-use tower in the Financial District. Now, new renderings are out for the building going up at 125 Greenwich Street, thanks to the eagle-eyed contributors on the YIMBY Forums, and they would appear to confirm a final height exceeding 1,000 feet, given the tower will stand taller than the nearby 977-foot-tall 4 World Trade Center at 150 Greenwich Street.

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125 Greenwich Street

Foundation Complete for 88-Story, 273-Unit Mixed-Use Tower at 125 Greenwich Street, Financial District

6:30 am on June 17, 2016 By Reid Wilson

Foundation work is now complete at 125 Greenwich Street, in the Financial District, the site of a planned 88-story, 273-unit mixed-use tower being developed by SHVO (headed by Michael Shvo), New Valley, and Bizzi & Partners Development. The concrete pit is now ready to make way for the tower portion, as seen in a photo by ILNY that was posted to the YIMBY Forums. The exact dimensions of building are not known, as the permits at the Buildings Department have yet to be amended, but we know it will rise 898 feet above street level (per Curbed NY) and will encompass roughly 450,000 square feet. There will be 20,000 square feet of retail space in its base and 16,000 square feet of residential amenities, including multiple terraces throughout the tower. The residential units will also be condominiums, ranging from studios to a triplex penthouse. Rafael Viñoly Architects is behind the design. Earlier this year, the developers were in the process of securing financing through various sources. Completion is expected in 2018.

101 Murray Bites the Dust and 111 Murray Street Rises Skyward in Ever-Changing West Tribeca

4:00 pm on June 10, 2016 By Vitali Ogorodnikov

As befitting one of the planet’s key engines of economic and cultural motion, New York City exists in a state of constant change. This is particularly true for the city’s older, centrally located neighborhoods, such as TriBeCa. Over the past two centuries, its western portion along West Street has been repeatedly transformed beyond recognition, particularly by the 1960s urban renewal program that completely cleared dozens of formerly-vibrant blocks. But even there, a 32-year building life span is short by any measure.

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125 Greenwich Street

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

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