Downtown

1 Park Row Tops Out in Financial District, Manhattan

8:00 am on October 4, 2023 By Michael Young and Matt Pruznick

Construction has topped out 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, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across the southern tip of City Hall Park. Paris Forino is the interior designer and Ryan Serhant of SERHANT is leading sales and marketing.

Permits Filed for 232 Broome Street on Manhattan’s Lower East Side

6:30 am on October 3, 2023 By Vanessa Londono

Permits have been filed to vertically expand a four-story structure into a 16-story mixed-use building at 232 Broome Street on Manhattan’s Lower East Side. Located on the corner of Essex Street and Broome Street, the corner lot is near the East Broadway subway station, serviced by the F train. Soft Stone Development Group is listed as the owner behind the applications.

Pace University’s Campus Expansion Opens at 15 Beekman Street in Financial District, Manhattan

8:00 am on September 28, 2023 By Michael Young and Matt Pruznick

Construction is complete on 15 Beekman Street, a 27-story campus expansion for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower yields 213,084 square feet for classrooms, administrative and faculty offices, common spaces, suite-style dorm rooms, a dining facility, a library and learning center, and the three-floor Seidenberg School of Computer Science and Information Systems. New Line Structures & Development was the general contractor for the project, which is alternately addressed as 126-132 Nassau Street and located at the corner of Beekman and Nassau Streets.

Leasing Begins for Commercial Penthouse at 38 Greene Street in Soho

7:00 am on September 20, 2023 By Vanessa Londono

Leasing has begun for 38 Greene Street, a landmarked cast iron office building in Soho. Located on the corner of Grand Street and Greene Street, the property recently received an upgrade at the hands of owner Zar Property and Workshop APD.

Hyundai Acquires Commercial Property at 500 West 14th Street in Meatpacking District, Manhattan

6:30 am on September 19, 2023 By Sebastian Morris

Hyundai Motor America has acquired a three-story commercial building at 500 West 14th Street in Manhattan’s Meatpacking District with plans to expand its presence in New York City. The existing building features a nondescript brick façade and occupies an entire wedge-shaped block.

139 Bowery Nears Completion on Manhattan’s Lower East Side

7:30 am on September 17, 2023 By Michael Young

Construction is nearing completion on 139 Bowery, a 14-story mixed-use residential building in the Bowery section of Manhattan’s Lower East Side. Designed by Raymond Chan Architects and developed by Global Joint Venture, the structure was last reported to yield 16 rental units as well as ground-floor retail space, a 550-square-foot medical facility, and office space spanning floors two through five. Mandarin Enterprises is the general contractor for the property, which is located on a relatively narrow plot between Broome and Grand Streets.

Perelman Performing Arts Center Opens To The Public At The World Trade Center in Financial District

8:00 am on September 16, 2023 By Michael Young and Matt Pruznick

Yesterday at noon the long-awaited Perelman Performing Arts Center (PAC NYC) opened to the general public on the 16-acre World Trade Center site at 251 Fulton Street in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the 138-foot tall, 129,000-square-foot cubic structure features three flexible performance spaces: the 450-seat John E. Zuccotti Theater, the 250-seat Mike Nichols Theater, and the 99-seat Doris Duke Foundation Theater, all enclosed in a translucent book-matched marble façade. The $500 million property is bound by Vesey Street to the north, Fulton Street to the south, Greenwich Street to the east, and Skidmore Owings & Merrill‘s One World Trade Center to the west.

South Battery Park City Resiliency Project Begins to Take Shape in Lower Manhattan

8:00 am on September 12, 2023 By Michael Young and Matt Pruznick

Construction is moving along on the South Battery Park City Resiliency Project (SBPCR), an integrated coastal flood risk management system at the southern tip of Battery Park City. Led by architect and engineer AECOM, the $221 million project involves the creation of an elevated landscaped waterfront esplanade spanning from the Museum of Jewish Heritage to Pier A Plaza, as well as the reconstruction of the Wagner Park Pavilion with a new design by Thomas Phifer and Partners. The SBPCR is one component of the 3.5-mile-long Lower Manhattan Coastal Resiliency (LMCR) master plan, which is engineered to reduce the risk of flood damage from storm events like Hurricane Sandy. Hugh L. Carey Battery Park City Authority is the owner and EW Howell Co. is the general contractor for the property, which is addressed on permits as 20 Battery Place.

Construction Progresses on 430 West Broadway in Soho, Manhattan

8:00 am on September 10, 2023 By Michael Young and Matt Pruznick

Construction is progressing on 430 West Broadway, a seven-story commercial building in the Soho Cast Iron District. Designed by Morris Adjmi Architects and developed by New Soho Associates, the project was approved by the Landmarks Preservation Commission in early 2019 and will yield office space sitting atop ground-floor retail and community facility space. Abeco Construction is the general contractor for the property, which is located between Prince and Spring Streets.

Excavation, Foundations Progress at 14 White Street in Tribeca, Manhattan

8:00 am on September 8, 2023 By Michael Young and Matt Pruznick

Excavation is progressing at 14 White Street, the site of a seven-story residential building in Lower Manhattan’s Tribeca East Historic District. Designed by NAVA and DXA Studios and developed by 14 White Street Property Owner LLC, the 30,000-square-foot structure will yield ten condominium units ranging from 1,200-square-foot two-bedroom homes to four-bedroom layouts spanning 4,000 square feet, as well as 3,000 square feet of retail space on the ground floor and cellar. Central is the general contractor for the property, which is bound by White Street to the south and Sixth Avenue to the east.

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