Downtown

Five-Story, Five-Unit Residential Conversion Planned At 25 Mercer Street, SoHo

11:00 am on January 26, 2016 By Reid Wilson

The five-story mixed-use building at 25 Mercer Street and the three-story property at 27 Mercer Street, located in the SoHo-Cast Iron Historic District, are expected to be converted into a single five-unit condominium building, according to Curbed NY. There will be four full-floor units and a duplex penthouse, and the residences are expected to hit the market this spring. GDS Development is developing and Fogarty Finger is designing the project, dubbed 25 Mercer. Alterations that would go into the conversion would have to be approved by the Landmarks Preservation Commission since the property is located within a historic district.

Developer, SCA Reach Deal At Planned Mixed-Use Development At 42 Trinity Place, Financial District

10:00 am on January 26, 2016 By Reid Wilson

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.

Financing Complete For 25-Story, 115-Unit Mixed-Use Project At 565 Broome Street, Hudson Square

4:00 pm on January 25, 2016 By Reid Wilson

Over the summer summer, YIMBY partially revealed renderings for the planned 25-story, 115-unit residential building at 565 Broome Street (a.k.a 100 Varick Street), in Hudson Square. The developers have now secured a $320 million construction loan for the project, according to Crain’s, and Cindat (the U.S. branch of Beijing-based China Cinda Asset Management Co.) also acquired a $135 million stake in the project. The development team – SHVO, Bizzi & Partners Development, Halpern Real Estate Ventures, Aronov Development, and Itzhaki Acquisitions – recently acquired the two-story annex at 555 Broome for $9 million, completing the assemblage.

Three World Trade Center Rises Into The Sky At 175 Greenwich Street, Financial District

6:30 am on January 25, 2016 By Reid Wilson

YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.

Plans For Five-Story, 20,000 Square-Foot Mansion Revealed At 11 Hubert Street, TriBeCa

6:00 am on January 25, 2016 By Reid Wilson

Maya Lin Studio and Bialosky + Partners Architects are designing a five-story, 20,000 square-foot mansion at 11 Hubert Street, in TriBeCa, TribecaTrib reports. The building would be clad in metal, glass, and limestone, and features five bedrooms with typical residential accessories, a landscaped courtyard, and a 5,000 square-foot fitness center. The family for which the home would be built remains anonymous, but $15 to $16 million would be spent to develop the property. The site is located within the North Tribeca Historic District, so the Landmarks Preservation Commission would have to approve the plans. The existing three-story mixed-use structure would not be demolished, rather expanded and built upon.

Proposed expansion of the Conservative Synagogue of Fifth Avenue, 11 East 11th Street.

Conservative Synagogue of Fifth Avenue To Be Expanded, Flipped in Greenwich Village

7:30 am on January 22, 2016 By Evan Bindelglass

A synagogue whose structure served varied purposes before becoming a house of worship will be getting a somewhat unusual expansion and facelift. On Tuesday, the Landmarks Preservation Commission approved a proposal from the Conservative Synagogue of Fifth Avenue, located at 11 East 11^th Street, between Fifth Avenue and University Place in Greenwich Village.

Foundations Complete For 25-Story Hotel At 100 Greenwich Street

6:30 am on January 22, 2016 By Vitali Ogorodnikov

When YIMBY last visited the site of the 192-room hotel at 100 Greenwich in October 2015, the 25-story tower’s foundations were only beginning to take shape. Rebar was being laid out for the concrete foundation mat at the rear on the site, while the front portion was still under excavation. Three months later, the building is yet to breach ground level, but its foundations are virtually complete.

Seven-Story, Five-Unit Residential Building Filed At 650 East 6th Street, East Village

4:00 pm on January 20, 2016 By Reid Wilson

Property owner Terry Martinolle, doing business as an anonymous LLC, has filed applications for a seven-story, five-unit residential building at 650 East 6th Street, located in the Alphabet City section of the East Village. The 8,491-square-foot project will include 7,761 square feet of residential space, which means units will average 1,552 square feet apiece, indicative of condominiums. A duplex apartment will occupy part of the ground floor and the entire second floor, the third through fifth floors will have one unit on each level, and a duplex unit will span the sixth floor and seventh-floor penthouse. Brooklyn-based RSVP Architecture Studio will be responsible for the design. An existing four-story, three-unit building must first be demolished.

91-Story, 275-Unit Residential Tower Now Planned At 125 Greenwich Street, Financial District

10:00 am on January 20, 2016 By Reid Wilson

Over the summer, YIMBY revealed the latest renderings for the planned 1,000-foot-plus residential tower at 125 Greenwich Street (a.k.a 22 Thames Street), in the Financial District. Permits with the Department of Buildings have yet to depict such tower, but filings with the Attorney General’s office offer a more accurate description of what’s planned. According to The Real Deal, the building will stand 91 stories above street level. It will have 275 condominium units spread across 306,312 square feet of residential space. Specifically, the units will range from studios to three-bedrooms, with the largest unit measuring 3,625 square feet. Michael Shvo, Vector Group, and Bizzi & Partners are developing the tower and Rafael Viñoly Architects is designing it. The floor layouts suggest the final design has yet to be revealed, although foundation work is currently underway. Completion is expected in 2018.

Landmarks Approves Changes to 1 Wall Street to Allow for Residential Conversion

8:00 am on January 20, 2016 By Evan Bindelglass

A big change for a Lower Manhattan landmark is one step closer to becoming a reality. On Tuesday, the Landmarks Preservation Commission approved modifications to 1 Wall Street, paving the way for its conversion from bank headquarters to residential condominiums with ground-floor retail.

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