New York

Excavation in Full Swing at 50 Trinity Place, in Financial District

Excavation work is underway at 50 Trinity Place in the Financial District, where a ground-up, 28-story Aloft Hotel will soon rise. The upcoming reinforced concrete building will yield 173 rooms and 77,310 square feet of newly built space. Plans also call for a ground-floor restaurant adjacent to the lobby, as well as a fitness center on the second floor and seven to eight rooms per floor up to the last occupiable level. Peter Poon Architects is the designer of the tower while FIT Investment Corporation is the developer. The site was previously purchased for $15 million from Sam Chang in 2012.

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2680 Morris Avenue in Fordham, The Bronx

Permits Filed for 2680 Morris Avenue in Fordham, The Bronx

Permits have been filed for a 12-story mixed-use building at 2680 Morris Avenue in Fordham, The Bronx. Located between East Kingsbridge Road and East 196th Street, the lot is one block east of the Kingsbridge Road subway station on Jerome Avenue, serviced by the 4 train and the Kingsbridge Road subway station on Grand Concourse, serviced by the B and D trains. Sakander Raja of S&N Builders is listed as the owner behind the applications.

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1568 Broadway, Rendering courtesy of ARX Solutions

1568 Broadway Begins Billboard Removal Ahead of Structural Demolition, in Times Square

Black shrouds and scaffolding have gone up over 1568 Broadway’s lower floors as crews begin the process of removing its Times Square-facing billboards and marquees. Meanwhile, workers are beginning to gut the interiors of the 470-foot-tall tower ahead of its imminent demolition. Built in 1990, the current DoubleTree hotel will eventually make way for a new 46-story DoubleTree Suites by Hilton. The proposed 550,000-square-foot development, which will be called TSX Broadway, will preserve of the 106-year-old Palace Theatre by raising it three stories up from the ground floor, making way for retail space. The $2.5 billion project is being developed by L&L Holding CompanyMaefield Development, and Fortress Investment Group. The site was previously purchased for $450 million.

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45 Park Place’s Superstructure Approaches Topping-Out 667 Feet Atop Tribeca

Construction is getting very close to topping out at 45 Park Place, one of the newest towers to rise along the border of Tribeca and the Financial District. The upcoming 667-foot-tall residential skyscraper is being designed by SOMA Architects, with Ismael Leyva Architects serving as the executive and residential architect. Sharif el-Gamal of Soho Properties is the developer of the reinforced concrete structure, which will stand 43 stories high. Sales of the units, which feature interiors designed by Piero Lissoni, are being handled by Corcoran Sunshine.

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