Downtown

The Lowline

Lower East Side’s Lowline Underground Park Moves Forward with First City Approval

6:30 am on July 15, 2016 By Reid Wilson

The New York City Economic Development Corporation (NYCEDC) and Mayor Bill de Blasio’s Executive Office of Housing and Economic Development (EOHED) have selected the team behind the Lowline proposal to lease the vacant, 60,000-square-foot Williamsburg Bridge Trolley Terminal, located under Delancey Street between Clinton and Norfolk streets on the Lower East Side. This marks the first city approval for the project, bringing it significantly closer to reality. The public park would take up roughly 43,500 square feet of the abandoned terminal.

56 Fulton Street

23-Story, 120-Unit Mixed-Use Building Rises to 10th Floor at 56 Fulton Street, Financial District

4:00 pm on July 14, 2016 By Reid Wilson

Since rising above street level in March of 2016, the 23-story, 120-unit mixed-use project under development at 56 Fulton Street, on the corner of Cliff Street in the Financial District, has grown to 10 stories. The construction progress can be seen thanks to a photo taken by Tectonic. The 128,540-square-foot tower will eventually host 5,865 square feet of ground-floor retail space and 120 rental apartments, ranging from 450-square-foot studios to 1,250-square-foot two-bedrooms. Twenty percent of them, or 24 units, will rent at below-market rates through the housing lottery. Amenities include storage for 61 bikes, a fitness center, laundry facilities, a lounge, a dining room for events, a game room, and an outdoor terrace on the 23rd floor. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is the design architect, with Andrés Escobar designing the interiors. Completion can probably be expected in early 2017.

145 Clinton Street

Essex Crossing’s 15-Story, 211-Unit Mixed-Use Building Rises at 145 Clinton Street, Lower East Side

4:00 pm on July 13, 2016 By Reid Wilson

The 15-story, 211-unit mixed-use building under development at 145 Clinton Street, located on the corner of Grand Street on the Lower East Side, is now three stories above street level, as seen in photos shot by Tectonic. The latest building permits indicate the project – which is one piece of the mixed-use mega-development known as Essex Crossing – will encompass 283,178 square feet. There will be 73,000 square feet of commercial-retail space across the cellar through second floors. Planet Fitness has already pre-leased 22,000 square feet on the second floor, and a food market is expected to take 30,000 square feet on the ground floor.

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