Civic Center

Work on No. 33 Park Row’s Exterior Wrapping Up in the Financial District

Exterior work is finishing up on No.33 Park Row, aka Pearl on the Park, a 331-foot-tall residential building in the Civic Center section of the Financial District. Designed by Rogers Stirk Harbour + Partners and developed by Centurion Real Estate Partners and Urban Muse, the 25-story structure is one of several new projects transforming this historic street that gave rise to New York’s first skyscrapers. No. 33 Park Row sits directly across from City Hall Park and is expected to yield 95,000 square feet and 30 units.

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49 Chambers Street

14-Story, 81-Unit Condo Conversion Planned At Former Office Building At 49 Chambers Street, Civic Center

In 2013, Chetrit Group acquired the 14-story, 200,000-square-foot former Emigrant Industrial Savings Bank building at 49-51 Chambers Street, in Civic Center, for $89 million with plans for a residential conversion. The office building, an individual landmark, was constructed in 1912 and designed by Raymond F. Almirall, and the Landmarks Preservation Commission would have to approve any alterations. The conversion project will include 81 condominiums, according to plans filed with the Attorney General’s office, The Real Deal reports. The units will come in one- to four-bedroom configurations and is expected to have a sellout of $334 million. Accordingt to filings, there will be 215,711 square feet of residential space, so units will average 2,663 square feet apiece. Ground-floor retail is also part of the plan. Woods Bagot is the architect of record.


375 Pearl Street

Office Renovation, Leasing Underway At 32-Story Verizon Building, 375 Pearl Street, Civic Center

Sabey Data Center Properties is in the middle of renovating the former Verizon Building, a 32-story, 1.1-million square-foot building at 375 Pearl Street, in Lower Manhattan’s Civic Center. The building was designed by Rose, Beaton & Rose and completed in 1976. Up to 15 floors, or 500,000 square feet, are being converted into office space, dubbed Intergate.Manhattan, and the remaining area will be exclusively data center space. Three sides of the building on the new office levels will receive a glass façade. According to The Real Deal, the city’s Department of Finance is planning to lease 175,000 square feet of space located on the 26th through 30th floors. Other smaller leases have been signed over the past two years, and the renovation is expected to be complete by the end of this year.


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