Downtown

550 Washington Street

Developer Buys Out Large Stake In 550 Washington Street, Hudson Square

In May of 2014, YIMBY brought you renderings of TEN Arquitectos’ conceptual plans for the St. Johns Terminal building at 550 Washington Street, in Hudson Square. At the time, multiple owners complicated the redevelopment of the 1.1-million square-foot structure, which has 280,000 square feet of air rights, but now Westbrook Partners has bought out Fortress Investment Group’s ownership stake for more than $200 million, according to Crain’s. Atlas Capital Group, who tried to acquire additional air rights from Pier 40 last year, will retain their minority stake. Plans include a new residential tower, which may be built ground-up or as a conversion/expansion, but city approval is required before construction can begin.


111 Washington Street

Development Site At 111 Washington Street Placed On The Market, Financial District

Late last year, Pink Stone Capital filed applications for a 51-story, 429-unit mixed-use tower with 23,000 square feet of retail space at 111 Washington Street, in the Financial District, and now the developer has tasked Cushman & Wakefield to market the site. In early 2014, YIMBY reported that the assemblage has 362,300 square feet of development rights, and according to the Daily News, Pink Stone expects to sell it for more than $170 million. Handel Architects was the architect of record for the old plans.


60-74 Gansevoort Street, rendering by BKSK Architects

More Renderings for Gansevoort Street Redevelopment in the Meatpacking District

Last week, neighbors in the Meatpacking District expressed their dissatisfaction about plans to redevelop a row of low-slung commercial buildings on Gansevoort Street between Washington and Greenwich Streets, and the Villager offered a glimpse of how Aurora Capital hopes to transform the block. Now YIMBY can reveal a full set of renderings showing the developer’s vision for this prominent corner near the High Line.

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143 Fulton Street

Demolition Underway At 143 Fulton Street, Site Of 26-Story, 288-Key Hotel, Financial District

Last month, YIMBY brought you news of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street/26 Ann Street, in the Financial District, and now crews are prepping the existing three-story building for demolition, courtesy of a YIMBY reader. Retail space will be located on the first three floors in the 88,447 square-foot building, and SLCE Architects is the architect of record. The new building’s design has not yet been revealed.



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