Downtown

Photograph of Brookfield Place, via Brookfield Properties.

Brookfield Place Lease Extended Through 2119 in Financial District, Manhattan

By Max Gillespie

Governor Kathy Hochul, Mayor Eric Adams, and New York City Comptroller Brad Lander have announced a new agreement between the Battery Park City Authority (BPCA) and Brookfield Properties to modify and extend the ground lease for Brookfield Place, a 9.4 million-square-foot office and retail complex located at 300 Vesey Street in Manhattan’s Financial District. The revised lease, now extended from 2069 to 2119, will secure higher ground rent payments and is projected to generate $1.5 billion in value for New York City and the Joint Purpose Fund, which supports affordable housing development.

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3 St. Mark's Place. Photo by Michael Young.

3 St. Mark’s Place Wraps Up Construction in East Village, Manhattan

By Michael Young

Construction is wrapping up on 3 St. Mark’s Place, a nine-story commercial building in Manhattan’s East Village. Designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation, the structure will yield 53,000 square feet of office space, 7,800 square feet of ground-floor retail space, a cellar level, and three wraparound terraces on the fifth, sixth, and ninth stories. The property is alternately addressed as 23-25 Third Avenue and is located at the corner of Third Avenue and St. Mark’s Place.

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460 West Broadway, via Google Maps.

LPC To Review Renovation Proposal For 460 West Broadway In Soho, Manhattan

By Max Gillespie

The New York City Landmarks Preservation Commission (LPC) is set to review a new proposal for renovations at 460 West Broadway, a five-story, ten-unit residential building in Soho, Manhattan. The project, prepared by DYO Design Office, outlines plans for a roof addition and interior renovations within one of the property’s units. The building was constructed in 1900 and is located between West Houston and Prince Streets.

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289 Hudson Street. Photo by Michael Young.

289 Hudson Street Tops Out in Hudson Square, Manhattan

By Michael Young and Matt Pruznick

Construction has topped out on 289 Hudson Street, a seven-story residential building in Hudson Square, Manhattan. Designed by SRA Architecture + Engineering and developed by Ponte Equities, the 73-foot-tall structure will span 14,829 square feet and yield 15 rental units with an average scope of 688 square feet. There will also be 1,710 square feet of commercial space and a cellar level. The property is located at the corner of Hudson and Spring Streets, directly across from the recently completed Disney headquarters at Four Hudson Square.

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7 Platt Street. Designed by Hill West Architects.

7 Platt Street Nears Completion in Financial District, Manhattan

By Michael Young and Matt Pruznick

Construction is nearing completion on 7 Platt Street, a 464-foot-tall mixed-use building in Manhattan’s Financial District. Designed by Hill West Architects and developed by The Moinian Group, the 37-story structure will span 250,000 square feet and yield 250 rental apartments in studio- to two-bedroom layouts, including penthouse residences with an accompanying penthouse lounge. The project will also include 43,740 square feet of retail space on the first five stories and 34 below-grade parking spaces. The property is alternately addressed as 110 John Street and located on an interior lot bounded by John Street to the north and Platt Street to the south.

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