Downtown

Affordable Housing Lottery Launches for 25 Water Street in Manhattan’s Financial District

7:00 am on March 8, 2025 By Vanessa Londono

The affordable housing lottery has launched for 25 Water Street, a 32-story office-to-residential conversion and expansion in the Financial District of Manhattan. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the structure yields 1,300 residences. Available on NYC Housing Connect are 330 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $31,955 to $173,340.

Rendering of 100 Gold Street, courtesy of FXCollaborative

Next Steps Announced For 100 Gold Street Redevelopment In the Financial District, Manhattan

7:00 am on March 6, 2025 By Max Gillespie

The City of New York has announced the next steps in the redevelopment of 100 Gold Street, a city-owned building planned for conversion into a mixed-income residential building in Manhattan’s Financial District. Led by the New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD), the project will yield approximately 1,000 units and is part of Mayor Eric Adams’ “Manhattan Plan,” which aims to create 100,000 new homes in the borough over the next decade. The 95,000-square-foot building is located at the corner of Gold Street and Frankfort Street.

Permits Filed for 256 East 4th Street in Manhattan’s East Village

6:30 am on March 5, 2025 By Vanessa Londono

Permits have been filed to convert a four-story house of worship into a six-story residential building at 256 East 4th Street in Manhattan’s East Village. Located between Avenues B and C, the lot is near the 2nd Avenue subway station, served by the F train. Rotem Cohen under the 89 Development LLC is listed as the owner behind the applications.

Two-Tower Development Rises Higher at 80 Clarkson Street in West Village, Manhattan

8:00 am on February 24, 2025 By Michael Young and Matt Pruznick

Construction is rising on 80 Clarkson Street, a two-tower residential complex along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects and SLCE Architects and developed by Zeckendorf Development, Atlas Capital Group, and the Baupost Group, the project consists of 37- and 45-story structures standing 400 and 450 feet tall, respectively. The $1.25 billion development will span approximately 650,000 square feet and yield 100 condominium units, nearly 37,000 square feet of ground-floor retail space, and enclosed parking for 69 vehicles. The property is bound by Clarkson Street to the north, West Houston Street to the south, the 17-story 570 Washington Street to the east, and West Street to the west.

RFP Begins For 388 Hudson Street In Manhattan’s West Village

7:00 am on February 18, 2025 By Max Gillespie

New York City has officially started the Request for Proposals (RFP) process for 388 Hudson Street, a new affordable housing project planned for Manhattan’s West Village. Announced by Mayor Eric Adams as part of his “Manhattan Plan,” the project aims to transform an underutilized site into a mixed-use development featuring hundreds of affordable housing units and a 45,000-square-foot recreation center with an indoor pool, gymnasium, and other wellness facilities. The property is currently owned by the Department of Environmental Protection (DEP) and will require rezoning to allow for residential use. The site is located between Clarkson and West Houston Streets.

Façade Installation Progresses on 1 Park Row in the Financial District, Manhattan

8:00 am on February 17, 2025 By Michael Young

Façade installation is continuing on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 305-foot-tall structure will span 103,000 square feet and yield 62 condominium units in studio- to three-bedroom layouts. The building will also contain 19,000 square feet of office and retail space on the lower levels. The property is located at the intersection of Park Row and Ann Street, directly across from the southern tip of City Hall Park.

Request For Proposals Issued For 600-Foot High “Gansevoort Square” Residential Tower in Meatpacking District, Manhattan

8:00 am on February 4, 2025 By Michael Young

In late January, the New York City Economic Development Corporation (NYCEDC) on behalf of the City of New York released a Request For Proposals (RFP) for a nearly 600-foot-tall, 60-story residential skyscraper at 832 Washington Street in the Meatpacking District of Manhattan. The City is planning to redevelop the public land to create 600 homes alongside an expansion of the adjacent Whitney Museum and the maintenance and operations (M&O) space for the High Line, and new ground-floor retail space. The 10,000-square-foot site for the new tower is part of the Gansevoort Square master plan which is bound by Little West 12th Street to the north; the Whitney Museum and Gansevoort Street to the south; Washington Street to the east; and 10th Avenue, West Street, and the Hudson River to the west.

New Renderings Revealed for SoMA Office-To-Residential Conversion At 25 Water Street in Financial District, Manhattan

8:00 am on February 1, 2025 By Michael Young

New renderings have been revealed for SoMA, the largest office-to-residential conversion in the Unites States at 25 Water Street in Lower Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest conversion in the country by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north. The building will also feature approximately 100,000 square feet of amenities. Pavarini McGovern is the general contractor for the property, which is bound by Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west. The name SoMA pays homage to the building’s location in South Manhattan, sitting at the southernmost tip of Manhattan at the nexus of Fidi, Battery Park and the Seaport District.

Permits Filed for 51 Little West 12th Street in the Meatpacking District, Manhattan

6:30 am on January 30, 2025 By Vanessa Londono

Permits have been filed for an 11-story mixed-use building at 51 Little West 12th Street in Manhattan’s West Village. Located between Washington Street and Tenth Avenue, the lot is near the 14th Street-8th Avenue subway station, served by the A, C, and E trains. Jerry L. Noury under the Little West 12th Street Inc. is listed as the owner behind the applications.

Rendering of 222 LES Tower + Lofts. Credit: Binyan Studios

222 LES Tower + Lofts Reaches Completion at 222 East Broadway on Manhattan’s Lower East Side

7:00 am on January 28, 2025 By Max Gillespie

Construction is complete on 222 LES Tower + Lofts, a condominium project at 222 East Broadway on Manhattan’s Lower East Side. Developed by Optimum Asset Management and designed by SLCE Architects in collaboration with S4 Architecture, the property integrates a new 28-story tower with a renovated 11-story landmarked loft building, and yields 70 condominiums in total. The project relaunched its marketing late last year from 222 East Broadway to 222 LES Tower + Lofts, and closings have recently begun. The property is located at the corner of East Broadway and Clinton Street.

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