Downtown

86 Trinity Place

Investor Purchases Stake At Planned 14-Story, 156-Key Hotel & Retail Conversion At 86 Trinity Place, FiDi

Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]



Rendering of the facade of the IFC Center at 14-16 Cornelia Street, approved by the LPC.

IFC Center Expansion to 14-16 Cornelia Street Clears Hurdle At Landmarks

The IFC Center, deeply in need of more space, is one step closer to an expansion. The Landmarks Preservation Commission recently approved plans for the movie theater at Sixth Avenue and West 3rd Street to expand to a vacant lot behind it at 14-16 Cornelia Street. That would bump IFC’s five theaters seating a total of 480 people to 11 theaters seating a total of 948 people, while also clearing out the sidewalk with added lobby space.

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100 Vandam Street

Filings Submitted For 24-Story, 62-Unit Condo Redevelopment At 100 Vandam Street, Hudson Square

Very early this year, YIMBY brought you renderings of Jeff Greene’s planned 24-story, 62-unit residential development at 100 Vandam Street, in Hudson Square, and now the developer has filed applications for the COOKFOX-designed project. The existing six-story, 55,300 square-foot former factory building will be expanded to 156,629 square feet via a 19-story vertical extension. Of the total square-footage, 2,311 square feet of space will be designated for ground-floor retail. Condos will average a spacious 2,457 square feet each, and a duplex penthouse unit will span the 23rd and 24th floors, according to the Schedule A. The Real Deal was the first to report on the filings.


100 Norfolk Street

12-Story, 38-Unit Condo Building Rising Again At 100 Norfolk Street, Lower East Side

This past summer, steel beam construction began on the 12-story, 38-unit condo building planned at 100 Norfolk Street, on the Lower East Side, but the project ended up stalling out for a number of months until crews recently were able to get back on site. The structure is now rising again and currently four stories up, courtesy of photos by Tectonic. The 53,949 square-foot structure includes 11,244 square feet of commercial space, which was marketed as two units. Five residential units remain for sale and completion is expected in late 2016. ODA Architecture is designing and Adam America Real Estate, Naveh Shuster Group, and Horizon Group are developing.


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