The development site spanning 92-94 Fulton Street, in the Financial District, has again traded hands, this time with The Lightstone Group acquiring the properties for $23.25 million. The previous owner, Fisher Brothers, paid $10 million for the site in June 2014 and had filed applications for a 16-story residential building. Lightstone’s plans have yet to be disclosed, but previous proposals revealed by YIMBY show the site’s significant potential.
Plans for protecting Manhattan against floods are inching forward. Curbed reports the first phase of the Dryline, a landscaped park area along the waterfront stretching from West 23rd Street (in West Chelsea) to Montgomery Street (on the Lower East Side), are in the surveying phase. The Dryline would eventually continue into Midtown on both sides and is estimated to cost $1 billion.
The developers of a 62-story, 139-unit mixed-use tower at 101-111 Murray Street, in Tribeca, have reportedly found financing, valued in the hundreds of millions, from a Chinese insurance company. YIMBY confirmed in March that 111 Murray Street will rise 857 feet tall, but first revealed the design in June of 2014. Witkoff Group and Fisher Brothers are developing; Kohn Pedersen Fox is designing. The site’s predecessor has now been demolished, and completion is expected in 2017.
Per The New York Times, Sorgente Group is converting the five-story commercial loft building at 60-66 White Street, in Tribeca, into eight luxury units. Interior work is underway, and the building will be renovated to environmentally friendly standards. Multiple units are already in contract, and completion is expected by 2016.
Extell’s new tower coming to 250 South Street received an on-site rendering a few months ago, but now YIMBY has the first up-close look at the project, as well as a few interiors. The building will rise on the site of an old Pathmark, and while it was initially expected to be 68 stories tall, it was reduced to 56 floors on the latest DOB filings.