Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.
YIMBY brought you new renderings last year of the planned 11-story, 11-unit residential building at 251 West 14th Street, in southern Chelsea, and now the site has changed hands. Commercial Observer reports Italy-based Pizzarotti IBC has acquired the property for $23 million, but plans to go ahead with what the previous developer, B+B Capital, had in mind. The project will measure 23,470 square feet in its entirety and is being designed by ODA Architecture. Its full-floor condominium units will measure between 1,700 and 2,500 square feet. Last December, building permits for the project were approved and demolition permits were filed for the existing four-story residential building.
Back in the fall of 2015, Madison Equities and Pizzarotti-IBC closed on the purchase of the 45 Broad Street development site in the Financial District, and now Curbed reports the pair are planning an 86-story, 245-unit residential tower. The supertall – being designed by CetraRuddy – would stretch 1,100 feet into the sky, although some details are still being finalized. In addition, five floors of commercial space are planned, and future residents will have access to amenities including, but not limited to, a swimming pool, a gym, and a lounge. New building applications are expected sometime this summer, and groundbreaking is scheduled for later this fall. A tentative completion date is slated for 2018.
Back in August, YIMBY brought you news that Madison Equities was in contract for the development site at 45 Broad Street, in the Financial District, and now the developer has closed on the property for $86 million. Madison Equities is partnering with Pizzarotti-IBC to build a 65-story condominium tower, potentially totaling 290,000 square feet. AMS Acquisitions is also a minority investor, and Cetra/Ruddy is designing the project. Completion of the tower is tentatively scheduled by 2019.
YIMBY previously reported that construction began on the through-block project spanning from 527 West 27th Street to 520 West 28th Street back in January, and we followed up with a partial reveal from the construction documents later that month. Now we have the full renderings for the building, dubbed Jardim, which is being designed by Isay Weinfeld. Centaur Properties and Greyscale Development Group are developing the project, and Pizzarotti IBC is the builder.