Vector Group

Work Finally Resumes on 125 Greenwich Street, Financial District

7:30 am on August 10, 2017 By Nikolai Fedak

YIMBY recently revealed the latest images for 125 Greenwich Street, which has continued to see minor modifications to its design. Though the tower’s foundation work has been completed for about two years, the site has sat fallow while searching for financing. The refreshed renderings came with recent news that the project secured a $450 million construction loan, and now, with financing secured and the plans for the building finalized, rebar is finally rising.

125 Greenwich Street Gets New Renderings, Will Rise 912 Feet

9:00 am on July 28, 2017 By Nikolai Fedak

Downtown’s condominium boom has so far resulted in several near-supertall towers, with 56 Leonard and 30 Park Place both topping-out in the past few years. Further south, 45 Broad Street promises to become the Financial District’s first legitimate residential supertall, while plans at 125 Greenwich Street have also been advancing. The latter site had previously been anticipated to rise almost 1,400 feet, but after the departure of Michael Shvo from the development team, plans have taken several major turns. Now, Bizzi & Partners has released renderings and filed plans revealing the final design, which will top out 912 feet above the streets below.

Foundation Work Underway for 12-Story, 57-Unit Residential Building At 160 Leroy Street, West Village

11:00 am on September 21, 2016 By Reid Wilson

Foundation work is well underway and approaching street level at 160 Leroy Street, in the West Village, where a 12-story, 57-unit residential building is under development. The latest photo, posted to the YIMBY Forums, was taken by construction chronicler Tectonic. The project will encompass 184,935 square feet and rise 155 feet above street level. The residential units will be condominiums, ranging from 1,000 square feet to a 12,000-square-foot penthouse. The average apartment should measure 2,471 square feet apiece. There will also be a small 834-square-foot retail space on the ground floor. Ian Schrager, Vector Group, and Carlton Group are the developers. Herzog & de Meuron is the design architect and S9 Architecture is the production architect. Completion is anticipated in late 2017.

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

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.

Excavation Kicks Off At 12-Story, 49-Unit Condo Project At 160 Leroy Street, West Village

11:00 am on March 16, 2016 By Reid Wilson

Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.

91-Story, 275-Unit Residential Tower Now Planned At 125 Greenwich Street, Financial District

10:00 am on January 20, 2016 By Reid Wilson

Over the summer, YIMBY revealed the latest renderings for the planned 1,000-foot-plus residential tower at 125 Greenwich Street (a.k.a 22 Thames Street), in the Financial District. Permits with the Department of Buildings have yet to depict such tower, but filings with the Attorney General’s office offer a more accurate description of what’s planned. According to The Real Deal, the building will stand 91 stories above street level. It will have 275 condominium units spread across 306,312 square feet of residential space. Specifically, the units will range from studios to three-bedrooms, with the largest unit measuring 3,625 square feet. Michael Shvo, Vector Group, and Bizzi & Partners are developing the tower and Rafael Viñoly Architects is designing it. The floor layouts suggest the final design has yet to be revealed, although foundation work is currently underway. Completion is expected in 2018.

New Design For 125 Greenwich Street, the Financial District’s First Residential Supertall

8:00 am on June 15, 2015 By Nikolai Fedak

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.

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