Construction is moving along quickly for two new towers on City Hall Park. The park is one of just three major public outdoor areas in the Financial District, making any development around it particularly important. The buildings photographed for this article are 25 Park Row and 1 Beekman Street, which will add a combined 142 new condominiums and nearly 67,000 square feet of commercial space to the neighborhood.
Foundation work is underway on the 25-story, 31-unit mixed-use building under development at 1 Beekman Street, located on the corner of Park Row in the Financial District. The work can be seen thanks to photos posted to the YIMBY Forums. In September, YIMBY revealed renderings of the project, which is set to encompass 95,285 square feet and rise 299 feet in height to its main roof. Adding the bulkhead brings the tower’s pinnacle to 335 feet. The first four floors will contain 14,583 square feet of commercial space, with retail on the ground floor and offices on the upper three. The residential units, which will be condominiums, are spread across the sixth through 22nd floors. Urban Muse is the developer and Rogers Stirk Harbour + Partners is the design architect. SLCE Architects is serving as the executive architect and completion is expected in early 2018.
Since topping out early this year, exterior work is now nearing completion on the tower portion of the 13-story, five-unit mixed-use project at 347 Bowery, located on the corner of East 3rd Street in the East Village. Bowery Boogie first spotted the scaffolding coming down, and the photo below, posted to the YIMBY Forums, is by Tectonic.
The Financial District hasn’t fully transformed into a residential neighborhood just yet, but each year it seems to be getting closer. Today, YIMBY has the reveal for another new development coming to the area, at 1 Beekman Street, thanks to eagle-eyed forum poster Rich Brome. The building is being designed by Rogers Stirk Harbour + Partners and developed by Urban Muse.
YIMBY first reported in early 2014 on filings for Urban Muse’s planned 13-story, five-unit mixed-use project at 347 Bowery, on the corner of East 3rd Street in the East Village. When we last checked in in November, the structure was eight stories above street level, and it has since topped out, EV Grieve reports. The building will eventually contain five three-bedroom condo units ranging between 2,100 and 4,000 square feet each. Within the two-story retail podium, there will be two 2,000 square-foot retail units and one 6,800 square-foot retail unit. Annabelle Selldorf is behind the project’s design, and completion can be expected sometime later this year.