Foundation work is well underway and approaching street level at 160 Leroy Street, in the West Village, where a 12-story, 57-unit residential building is under development. The latest photo, posted to the YIMBY Forums, was taken by construction chronicler Tectonic. The project will encompass 184,935 square feet and rise 155 feet above street level. The residential units will be condominiums, ranging from 1,000 square feet to a 12,000-square-foot penthouse. The average apartment should measure 2,471 square feet apiece. There will also be a small 834-square-foot retail space on the ground floor. Ian Schrager, Vector Group, and Carlton Group are the developers. Herzog & de Meuron is the design architect and S9 Architecture is the production architect. Completion is anticipated in late 2017.
When the early 19th century townhouse at 54 MacDougal Street in SoHo bit the dust, preservationists were outraged. However, YIMBY has new renderings of the project replacing the 1820 structure, and the design seems to fit in well with the rest of the pre-war block.
The Financial District hasn’t fully transformed into a residential neighborhood just yet, but each year it seems to be getting closer. Today, YIMBY has the reveal for another new development coming to the area, at 1 Beekman Street, thanks to eagle-eyed forum poster Rich Brome. The building is being designed by Rogers Stirk Harbour + Partners and developed by Urban Muse.
In September of 2015, Stellar Management acquired, for $12 million, the two-story, 7,500-square-foot commercial building at 130 Second Avenue. That’s located on the corner of St. Marks Place in the East Village. It has now been revealed that Stellar will renovate the existing building, formerly occupied by a Chase bank branch. It will become the headquarters of the currently TriBeCa-based non-profit art organization Swiss Institute, Curbed NY reported. Besides upgraded office space, new elements will include event spaces, a library, a bookstore, and a rooftop terrace. Selldorf Architects is designing the renovation and completion is expected in 2017.
Construction is now two stories above street level on the seven-story, 106-unit mixed-use building under development at 500 East 14th Street, on the corner of Avenue A in the East Village. The progress can be seen in a Curbed NY report. The entire project, which will include another seven-story, 54-unit component at 524 East 14th Street, will encompass 253,432 square feet, per the latest building permits. There will be 56,610 square feet of retail space on the ground and cellar levels between the two buildings. Over the summer, Target leased 42,367 square feet of space in the larger one. The residential units will be condominiums and should average 1,215 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.