Downtown

45 Broad Street

Excavation Begins for 45 Broad Street, Downtown’s First Residential Supertall

Construction is well underway for what will eventually become the Financial District’s tallest residential tower, a 64-story supertall at 45 Broad Street. Thanks to a reader providing an overview photograph, we can see that trucks are currently removing debris from the site, and reports indicate that concrete trucks are also moving in and out, indicating that excavation is now in full swing. Drilling for the foundational piers has already started. Pizzarotti LLC is responsible for building and developing the tower, along with Madison Equities and AMS Acquisitions.

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Revised design for 827-831 Broadway, rendering by DXA Studio

Redesigned 827-831 Broadway Blocked Again By LPC, Union Square

The Landmarks Preservation Commission has refused a proposed addition to 827-831 Broadway for the second time, obliging its designers DXA Studio to reimagine their approach once more. The plan would add offices, retail, and community space inside and above two Italianate structures built between 1866 and 1867. The source of the controversy is the addition of four floors on top of the historic buildings. Samson Klugman of Quality Capital and Leo Tsimmer of Caerus Group purchased the pair in 2015 for $60 million. They initially filed permits for a 300-foot-tall commercial tower, but that was stopped when the LPC granted the extant structures landmark status.

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50 West Street, image by Andrew Campbell Nelson

YIMBY Tours 50 West Street As 59th Floor Penthouse Hits Market for $22.645 Million

A newly minted tower has risen above the New York harbor. The Helmut Jahn-designed 50 West is a 783-foot tall residential building in Manhattan’s Financial District with curtain wall glass and distinctive angled crown. The project has been about a decade since it started, and now proudly stands with early move-ins, nearly complete. It started in 2008, right before the Great Depression. The glass façade was finished in February, and interior installation has started. Time Equities is responsible for the development.

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