Downtown

5 West 13th Street. Photo by Michael Young.

Demolition Nears Completion for 538-Foot Skyscraper at 5 West 13th Street in Greenwich Village, Manhattan

Demolition is finishing up at 5 West 13th Street, the site of a 30-story residential skyscraper in Greenwich Village, Manhattan. Designed by Kohn Pedersen Fox and developed by Legion Investment Group and EJS Group, the 538-foot-tall structure will span 111,022 square feet and yield 36 condominium units with an average scope of 3,020 square feet. The project will also include 2,300 square feet of ground-floor retail space with two storefronts. The through-lot property is alternately addressed as 8–12 West 14th Street and located between West 13th and West 14th Streets near Fifth Avenue and Union Square.

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59 Maiden Lane. Rendering courtesy of MdeAS Architects.

Renovations Underway on Home Insurance Plaza at 59 Maiden Lane in Financial District, Manhattan

Exterior renovation work is underway on Home Insurance Plaza, a 44-story office skyscraper at 59 Maiden Lane in Manhattan’s Financial District. Designed by MdeAS Architects and developed by AmTrust Realty Corp, the project involves a full window replacement and installation of new metal and porcelain cladding over the 630-foot-tall tower’s existing brick veneer. Additional work will include brick repointing, masonry crack repair, and upgrades to the plaza at its base. The property is located at the corner of Maiden Lane and William Street.

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Photograph of Brookfield Place, via Brookfield Properties.

Brookfield Place Lease Extended Through 2119 in Financial District, Manhattan

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

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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