Downtown

50 Trinity Place Climbs Toward Halfway Mark in the Financial District, Manhattan

Construction is nearing the halfway mark on 50 Trinity Place, a 28-story Hotel Indigo in the Financial District. The 77,310-square-foot tower will yield 173 hotel rooms and is designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the Lower Manhattan property in 2012 for $15 million. The site is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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Anish Kapoor’s Bean Sculpture at 56 Leonard Street Awaits Completion in Tribeca, Manhattan

Work has still yet to finish on the amorphous mirrored “bean” sculpture at the base of 56 Leonard Street, an 821-foot-tall residential skyscraper in Tribeca. The art piece, which sits partially complete between the sidewalk and the cantilevering ceiling of the ground floor by the intersection of Church and Leonard Streets, is the work of Anish Kapoor, the creator of Chicago’s chrome steel-plated Cloud Gate and the ArcelorMittal Orbit from the 2012 London Summer Olympics. Herzog & de Meuron and Hill West Architects are the designers of the tower, one of the tallest structures in Lower Manhattan.

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Work on No. 33 Park Row Nearly Finished in Financial District, Manhattan

Work is nearing completion on No. 33 Park Row, aka Pearl on the Park, a 331-foot-tall residential building in the Civic Center section of the Financial District. Designed by Pritzker Prize-winning architect Sir Richard Rogers and Graham Stirk of Rogers Stirk Harbour + Partners and developed by Centurion Real Estate Partners and Urban Muse, the 23-story reinforced concrete structure is one of several new projects transforming Park Row, which historically gave rise to New York’s first skyscrapers like the New York Tribune Building and the World Building in the late 1800s. No. 33 Park Row sits directly across from City Hall Park and is expected to yield 95,000 square feet and 30 homes, ranging from one- to five-bedroom units and penthouses, many with private outdoor spaces spanning floors six through 23. Sales launch next month and Compass Development Marketing Group is the exclusive marketing and sales agent for the property.

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Seaport Residences’ Future Remains Uncertain in Financial District, Manhattan

Work remains stalled on Seaport Residences, a 60-story residential skyscraper formerly known as One Seaport at 161 Maiden Lane in the Financial District. Designed by Hill West Architects and developed by Fortis Property Group LLC with Ray Builders as the contractor, the 670-foot-tall tower is planned to yield 200,000 square feet and 80 units with interior design by Groves & Co.

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One Wall Street’s Residential Conversion and Addition Continues in the Financial District

Work is progressing on the residential conversion and retail addition on the 90-year-old One Wall Street in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the projected $1.5 billion undertaking is poised to be the largest office-to-condominium conversion in New York City history. When complete, the 654-foot-tall property will yield a total of 566 residential units with sales handled and marketed by Compass, as well as a 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels.

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