Downtown


20 Broad Street

Residential Conversion Planned At 20 Broad Street, 27-Story Office Building In Financial District

Back in August, Vornado Realty Trust mulled the idea of a residential conversion at the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District. Now, Nathan Berman is purchasing the leasehold from Vornado and reportedly following through with the conversion to rental apartments, per Crain’s. The New York Stock Exchange — expected to vacate the structure next August — owns the land under the building, and the lease expires in 2081.


487 Hudson Street

St. Luke’s School To Pursue Vertical Expansion At 487 Hudson Street, West Village

The St. Luke’s School is planning to expand their 40,000 square-foot facility at 487 Hudson Street, in the West Village, by 20,000 square feet, according to Commercial Observer. The addition will include a glassbox theater, an expanded gym, and additional classrooms, but will have to be built atop a new foundation over the existing three story building. The school recently extended their lease for another 49 years at the property.


173 Chrystie Street

First Look At 10-Story, 13-Unit Mixed-Use Project At 173 Chrystie Street, Lower East Side

Late last year, YIMBY reported on filings for a 10-story, 13-unit mixed-use building planned at 173-175 Chrystie Street, on the Lower East Side, and now a rendering has surfaced of the project, per Bowery Boogie. The new building will have 1,537 square feet of retail space on the ground floor, and the condos will average roughly 2,000 square feet apiece. Nexus Development is developing, ODA Architecture is designing, and completion is tentatively expected in 2018.


95 Avenue B

Renovation Of Four-Story Mixed-Use Building At 95 Avenue B Complete, East Village

A top-down renovation is nearly complete at the four-story, two-unit mixed-use building at 95 Avenue B, in the East Village. According to EV Grieve, a newly constructed retail unit is now available on the ground floor. The Schedule A notes two residential units occupy the upper floors of the building, and those have also been gut-renovated. Clinton Hill-based PH Architecture + Sustainable is the architect of record, and scaffolding has recently been removed, indicating opening is likely imminent.


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