New York



92 Fulton Street

Lightstone Group Acquires Development Site At 92 Fulton Street, Financial District

The development site spanning 92-94 Fulton Street, in the Financial District, has again traded hands, this time with The Lightstone Group acquiring the properties for $23.25 million. The previous owner, Fisher Brothers, paid $10 million for the site in June 2014 and had filed applications for a 16-story residential building. Lightstone’s plans have yet to be disclosed, but previous proposals revealed by YIMBY show the site’s significant potential.


325 Kent Avenue

Excavation Underway For Two Trees’ 16-Story Building At 325 Kent Avenue, Williamsburg

Excavation is underway for Two Trees’ 16-story, 522-unit building at 317-329 Kent Avenue in Williamsburg. The building will total 382,750 square feet, and 9,370 square feet will be set aside for retail space. It’s the first phase of the Domino Redevelopment project, and completion of the first building is expected in 2017, reports Brownstoner. SHoP is designing, and 105 units will be set aside as affordable housing.


Dryline

Planning Begins for Bjarke Ingels-Designed “Dryline” Flood Protection

Plans for protecting Manhattan against floods are inching forward. Curbed reports the first phase of the Dryline, a landscaped park area along the waterfront stretching from West 23rd Street (in West Chelsea) to Montgomery Street (on the Lower East Side), are in the surveying phase. The Dryline would eventually continue into Midtown on both sides and is estimated to cost $1 billion.


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