Downtown

Housing Lottery Launches for ANCP Cluster in Alphabet City, Manhattan

The affordable housing lottery has launched for three gut-renovated buildings at 406 East 10th Street, 533 East 11th Street, and 195 Avenue C in the Alphabet City section of Manhattan’s East Village. Developed by Affordable Neighborhood Cooperative Program of the New York City Department of Housing Preservation and Development, occupancy is anticipated for summer-fall of 2025. Available on NYC Housing Connect are 21 units for residents at 110 percent of the area median income (AMI), ranging in eligible income from $83,016 to $211,860.

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Façade Installation Underway on 16 Fifth Avenue in Greenwich Village, Manhattan

Façade installation is underway on 16 Fifth Avenue, a 19-story residential building in Greenwich Village, Manhattan. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, the 241-foot-tall structure will yield 14 condominium units. The property is located on an interior lot between East 8th and 9th Streets, just north of Washington Square Park.

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Architectural Drawing Revealed for 14-16 Gay Street in West Village, Manhattan

The first architectural diagram has been revealed for 14-16 Gay Street, a combination of two landmarked three-story residential buildings in Manhattan’s Greenwich Village Historic District. Developed by Nazarian Property Group under the Gay Street Revival Initiative 1 LLC, the project involves the reconstruction of 14 Gay Street, which was ordered to be demolished last year following unauthorized modifications that compromised its structural integrity, as well as its unification with the neighboring 16 Gay Street into a single residential building. The developer purchased both properties along with three other nearby buildings for around $12 million in April 2022, and intends to rebuild 14 Gay Street using the original construction materials from the demolished 197-year-old structure. The site is located between Waverly Place and Christopher Street.

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The Greenwich Nears Completion at 125 Greenwich Street in Financial District, Manhattan

At number five on our year-end countdown of the tallest construction projects in New York is The Greenwich by Rafael Viñoly, a 912-foot-tall residential skyscraper at 125 Greenwich Street in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group, Bilgili, and Bizzi & Partners, the 88-story structure will yield 272 condominium units in studio to three-bedroom layouts. The property is located at the corner of Greenwich and Thames Streets, just south of Liberty Park and the World Trade Center complex.

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Photograph of Historic Front Street, via the Durst Organization

New Bar Opens At 36 Peck Slip Within Historic Front Street In Financial District, Manhattan

Peck Slip Social, a new whiskey-forward bar and social space, has opened at 36 Peck Slip within Historic Front Street in Manhattan’s Financial District. The 2,100-square-foot bar was cofounded by longtime Seaport residents and partners Alex Davis and Learan Kahanov, and designed to capture the spirit of the local community. It will join a variety of retail and food businesses within Historic Front Street.

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