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.
Permits were filed Thursday for a 40-story-tall, 164-key hotel at 1185 Broadway, at the northwest corner of West 28th Street, in NoMad/Midtown South. The site’s single-story commercial building, with six businesses, was demolished in 2015, and this will be a big change for the property.
In the first half of 2015, YIMBY reported on filings for a nine-story, mixed-use commercial building at 61 9th Avenue, on the corner of West 15th Street in Chelsea, and now Crain’s has the first rendering of the project. The entire structure will measure 153,754 square feet in total, and there will be 115,000 and 37,000 square feet of boutique office and retail space, respectively. Retail will be located on the cellar through the second floor. Rafael Viñoly is behind the design, and Vornado Realty Trust and Aurora Capital are developing. Demolition permits were filed in December to remove the existing lumber shop and billboard sign. Groundbreaking is expected in mid-2016, with completion scheduled for early 2018.
The Hudson River Park Trust plans to redevelop the vacant Pier 26 in Tribeca, between North Moore and Laight Streets, into a science center and park space, according to The New York Times. Last week, it was announced that Rafael Viñoly will be designing the education and research facility, and OLIN will be the landscape designer. The $30 million project is being equally funded by Citigroup, the City, and, pending request, the LMDC. Completion is expected by early 2019.
Last September, YIMBY revealed a new design for 125 Greenwich Street, a supertall planned for the corner of Thames and Greenwich Streets, just across from the new World Trade Center. Now, we have updated images of the project, which has seen significant modifications since those images were released; nevertheless, the Rafael Viñoly-designed building will still stand well over 1,000 feet in height, and is set to become Manhattan’s tallest residential tower south of 57th Street.