One block west of Downtown’s tallest residential building at 30 Park Place, another condominium tower is finally getting ready to rise. YIMBY reported on 45 Park Place’s initial building applications back in May of 2014, but it has taken three years to navigate both planning and financing. Now, foundation work is making headway, signaling the skyscraper should begin its ascent within the next few months.
New renderings have been revealed of the 43-story, 50-unit mixed-use tower under development at 45 Park Place, in TriBeCa. Depictions of the future tower can be seen at Curbed NY. Excavation work was underway at the site in December, according to photos posted to the YIMBY Forums. A tower crane was also assembled on-site last year.