Downtown

Seven-Story, 11-Unit Condominium Project Tops Out At 204 Forsyth Street, Lower East Side

10:00 am on March 18, 2016 By Reid Wilson

In February of 2015, YIMBY revealed renderings for the planned seven-story, 11-unit residential building at 204 Forsyth Street, on the Lower East Side. Bowery Boogie now reports the 24,960-square-foot project has topped out. The structure’s residential units will be condominiums and should average a spacious 1,779 square feet apiece. The units will come in two- and three-bedroom configurations, and amenities include a parking garage on the ground floor and bicycle storage and recreational space in the cellar. Charlie Saulson is the developer and Z Architecture is behind the design. Completion is expected later this year.

21 East 12th Street facade, rendering by Wordsearch

First Look at 21 East 12th Street, the 23-Story Condo Tower Replacing Bowlmor Lanes

8:00 am on March 18, 2016 By Rebecca Baird-Remba

William Macklowe Company is getting ready to start construction and launch sales for its 23-story condo tower at the corner of University Place and East 12th Street in the Village. YIMBY has the first renderings of the project, which will be known as 21 East 12th Street, courtesy of PR reps and a new teaser site.

Two-Story Multi-Use Commercial Conversion Finished At 290 Grand Street, Lower East Side

4:00 pm on March 17, 2016 By Reid Wilson

Back in November of 2015, the two-story building at 290 Grand Street, on the Lower East Side, was being converted into 4,288 square feet of commercial space by its owner Cheuk Fan Cheung. Bowery Boogie now reports that construction has finished and scaffolding is being removed from the structure. The building is practically unrecognizable, as a completely new façade was installed as well as future storefronts and windows. The commercial space will be split between retail and office space. There will be three ground-floor retail units, and the second floor and cellar spaces will be leased to non-medical office tenants. Jianxiong Wang’s JW Engineering Consulting is the applicant of record. Opening will likely happen soon.

New Developer Takes Over Four-Story Hotel Conversion Of Battery Maritime Building At 10 South Street, FiDi

10:00 am on March 17, 2016 By Reid Wilson

Connecticut-based Stoneleigh Capital has reportedly signed a letter of intent with the New York City Economic Development Corporation to head the redevelopment of the four-story Battery Maritime Building, an individual landmark located at 10 South Street, in the Financial District. According to Politico New York, the new developer replaces the Dermot Company, who was selected in 2006 to transform the building into a hotel but never completed the project. The conversion is currently a little more than halfway complete. Once finished by the end of 2017, it will include a 60-plus-key boutique hotel, a restaurant and bar on the rooftop, and pubic space in the Grand Hall. Part of the building is still used to launch ferries to Governors Island. Rogers Partners originally designed the project, but when the project resumed after the last economic downturn it was subsequently re-designed for a new program by Ismael Leyva Architects, who also took the building through multiple agency approvals and finally into construction.

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

Excavation Kicks Off At 12-Story, 49-Unit Condo Project At 160 Leroy Street, West Village

11:00 am on March 16, 2016 By Reid Wilson

Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.

Landmarks Approves New Six-Story Commercial Building at 134 Wooster Street, SoHo

7:00 am on March 16, 2016 By Evan Bindelglass

It was back in December that YIMBY told you of Premiere Equities’ plans for a new commercial building at 134 Wooster Street, located between Houston and Price streets in the SoHo-Cast Iron Historic District. Those plans went before the Landmarks Preservation Commission on Tuesday and were approved with very little fuss.

13-Story, 42-Unit Condominium Conversion Refinanced At 275 West 10th Street, West Village

3:00 pm on March 15, 2016 By Reid Wilson

Back in June of 2014, Starwood Capital Group and Naftali Group filed applications to convert the 13-story, 145-unit rental building at 275 West 10th Street, in the West Village, into 38 condominium units. Now, the developers have secured a $65.9 million loan for the project, dubbed the Shephard, according to The Real Deal. The property sits within the Greenwich Village Historic District Extension, so any exterior alterations to the structure would have to be approved by the Landmarks Preservation Commission. As filed, the building will see its residential space reduced from 139,547 to 136,948 square feet. The condominium units will average a very spacious 3,604 square feet apiece, some of which include penthouse and duplex units. Amenities include a library, a spa, a recreation room, and a fitness center. Beyer Blinder Belle is the design architect and Gachot Studios is the interior designer. The conversion is expected to be complete in 2017.

Construction Update: 52 Wooster Street, SoHo

7:30 am on March 15, 2016 By Evan Bindelglass

When YIMBY last reported on the six-story, five-unit residential project at 52 Wooster Street, located at the corner of Broome Street in the SoHo-Cast Iron Historic District, a teaser site had just been launched. Now, thanks to photos from our friend Tectonic, we can see that much more has been accomplished.

Six-Story Seward Park High School Renovation Wraps Up At 350 Grand Street, Lower East Side

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

Back in 2013, the city’s School Construction Authority announced plans to renovate the exterior of the six-story, 102-foot-tall Seward Park High School, located at 350 Grand Street, on the Lower East Side. Since then the structure has been shrouded in scaffolding, and the façade is finally being revealed, Bowery Boogie reports. Upgrades include new windows, new parapets, and rooftop installations, and it appears much of the brick has been restored and cleaned. The building never closed, and work was done only after school hours and on the weekends. The rest of the scaffolding is expected to be removed imminently.

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