Construction is continuing to progress on the residential conversion of the 90-year-old One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Developed by Macklowe Properties, the project is expected to cost $1.5 billion and also features an exterior addition designed by SLCE Architects. The undertaking is the largest office-to-residential conversion in New York City history and will feature 566 new units with sales handled and marketed by Compass, as well as a new 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The site is bound by Broadway to the west, Wall Street to the north, New Street to the east, and Exchange Place to the south.
Ironstate Development Company and The Pegasus Group have launched the next phase of leasing at The Eddy, a rental community in Harrison, New Jersey. The community is located at 555 First Street near the Passaic River waterfront and was designed in collaboration by Front Studio Architects, Minno & Wasko Architects and Planners, and BG Studio.
The affordable housing lottery has launched for 2337 Bedford Avenue, a six-story residential building in Flatbush, Brooklyn. The 29,116-square-foot development is designed by S. Wieder Architects and yields 27 units. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $66,858 to $167,570.
Gotham Organization’s contentious new development at 130 St. Felix Street in Downtown Brooklyn is now under review by the Department of City Planning as part of the New York’s Uniform Land Use Review Procedure. Known simply as ULURP, the procedure is required for projects that require special review or modifications to existing zoning regulations.
YIMBY went to visit the upper floors of 570 Broome Street and see the skyline views from the completed 25-story residential building in Hudson Square. Designed by Builtd with Skidmore Owings & Merrill handling the lobby and interiors, and developed by Soho Broome Condos LLC, the building yields 54 condominiums that are currently 80 percent sold. The property is bound by Broome Street to the south, Varick Street to the east, Dominick Street to the north, and the entrance lanes to the Holland Tunnel and Hudson Street to the west.