Downtown

Mayor Eric Adams speaks at the Century 21 ribbon cutting ceremony in Manhattan - Photo by Michael Appleton, Mayoral Photography Office

Retailer Century 21 Reopens at 22 Cortlandt Street in Financial District, Manhattan

7:30 am on May 18, 2023 By Sebastian Morris

Century 21 has reopened in its Financial District flagship in Manhattan after nearly three years of closure. Located at 22 Cortlandt Street, the bargain fashion retailer first opened in the 1960s as a family operation run by Al and Sonny Gindi. The size of the store, once ranked among the largest retail locations in Manhattan, has been reduced from its original six-story footprint to four floors at the primary 22 Cortlandt Street building.

Derelict Townhomes Ready for Repair Work at 18-20 Christopher Street in Greenwich Village, Manhattan

7:30 am on May 16, 2023 By Michael Young and Matt Pruznick

Repair work is set to begin on 18-20 Christopher Street, a pair of derelict two-story homes in Greenwich Village, Manhattan. Owned by Nazarian Property Group, the structures have been issued an order to vacate from the Department of Buildings and currently stand in a state of significant disrepair. The townhomes at 18-20 Christopher Street were constructed in 1827 and are located between Gay Street to the east and Waverly Place to the west.

Ronald O. Perelman Performing Arts Center’s Exterior Wraps Up in Financial District, Manhattan

8:00 am on May 15, 2023 By Michael Young and Matt Pruznick

Exterior work is closing in on completion on the Ronald O. Perelman Performing Arts Center at the 16-acre World Trade Center site in the Financial District of Lower Manhattan. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the 138-foot-tall marble-clad structure 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.

Pace University’s 15 Beekman Street Nears Completion in Financial District, Manhattan

7:30 am on May 15, 2023 By Michael Young

Construction is nearing completion 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 will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, library, and learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and located at the corner of Beekman and Nassau Streets.

1 Park Row Rises Above Street Level in Financial District, Manhattan

8:00 am on May 13, 2023 By Michael Young and Matt Pruznick

Construction is rising above street level on 1 Park Row, a 23-story mixed-use building in the 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.

Excavation Begins for Two-Tower Project at 570 Washington Street in West Village, Manhattan

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

Excavation and pilings are underway at 570 Washington Street, the site of a two-tower residential project in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the property, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the plot for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

KPF’s 64 University Place Progresses in Greenwich Village, Manhattan

8:00 am on May 7, 2023 By Michael Young and Matt Pruznick

Construction is progressing on 64 University Place, an 11-story residential building in Greenwich Village, Manhattan. Designed by Kohn Pedersen Fox and developed by Bsafal, the 125-foot-tall structure will span 55,000 square feet and yield 28 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the The Eklund ǀ Gomes Team at Douglas Elliman Real Estate, as well as a community facility and ground-floor retail space. SPACE Copenhagen is the interior designer, Deborah Nevins is the landscape designer, and CNY Group is the general contractor for the property, which is located between East 10th and East 11th Streets.

Rendering of 14-16 Fifth Avenue; Front elevation - Robert A.M. Stern Architects, Madison Realty Capital

Foundation Work Continues at 14 Fifth Avenue in Greenwich Village, Manhattan

7:30 am on May 7, 2023 By Michael Young and Matt Pruznick

Foundation work is continuing at 14 Fifth Avenue, the site of a 19-story residential building in Greenwich Village, Manhattan. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominiums. CM & Associates is the general contractor for the property, which is located between East 8th and East 9th Streets, just north of Washington Square Park.

Rendering of 555 Greenwich Street - COOKFOX Architects

555 Greenwich Nears Completion in Hudson Square, Manhattan

8:00 am on April 26, 2023 By Michael Young

Exterior work nears completion on 555 Greenwich, a 16-story commercial building in Hudson Square. Designed by COOKFOX Architects and developed by Hudson Square Properties, a joint venture by Trinity Church Wall Street, Hines, and Norges Bank Investment Management, the 270,000-square-foot structure connects to the adjacent 345 Hudson Street via a horizontal overbuild to yield a combined 715,000 square feet of office space. Tishman Construction is the general contractor for the property, which is bound by King Street to the north, Charlton Street to the south, and Greenwich Street to the west.

Developers Secure $20M Loan to Complete 66 Clinton Condominiums on the Lower East Side of Manhattan

7:30 am on April 21, 2023 By Sebastian Morris

Vault Development Partners and TLM Equities have closed on a $20.1 million construction loan to complete a condominium development on Manhattan’s Lower East Side. Located at 66 Clinton Street, the building will top out at seven stories and eventually contain 12 apartments and a collection of amenity spaces.

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