Downtown

New Look at 86-Story, 245-Unit Mixed-Use Supertall Tower, 45 Broad Street, Financial District

6:30 am on May 16, 2016 By Reid Wilson

Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.

New Museum Moving Forward with 42,000-Square-Foot Expansion at 231 Bowery, Lower East SIde

10:00 am on May 12, 2016 By Reid Wilson

The seven-story, 58,700-square-foot New Museum – a contemporary art museum at 235 Bowery, on the Lower East Side – is planning to expand into the six-story commercial building at 231 Bowery, which they purchased for $16.6 million in 2008. The museum is now preparing to convert the property into exhibition space, event space, storage, and offices, the New York Times reports. The expansion would increase the museum’s footprint by roughly 42,000 square feet, which means the complex would measure over 100,000 square feet once completed. The lot walls separating the existing structure and the 231 Bowery would be removed to connect the buildings. The project is still in the planning stage. The New Museum was constructed in 2007 and designed by Tokyo-based SANAA (Sejima and Nishizawa and Associates), with Gensler serving as the architect of record.

Developers Acquire Stalled 16-Story, 98-Key Hotel Project at 139 Orchard Street, Lower East Side

10:00 am on May 11, 2016 By Reid Wilson

In 2011, D.A.B. Group defaulted on the mortgage for their 16-story, 98-key hotel project at 139 Orchard Street, located on the Lower East Side. The developer eventually lost control of the site and abandoned construction on the structure, although the building topped out before work stopped. The latest development is that Fortuna Realty Group and Elk Investors won an auction to acquire the stalled-out project for $30.75 million, The Real Deal reports. Buildings applications indicate the hotel will measure 39,064 square feet. The new owners plan to finish construction on the building as a hotel. Completion is expected sometime in 2017.

New Details Revealed for Six Cortlandt Alley, Five-Unit Mixed-Use Condo Project in TriBeCa

6:30 am on May 5, 2016 By Reid Wilson

Back in January of 2014, the Landmarks Preservation Commission approved the eight-story, five-unit mixed-use project at 372 Broadway, in TriBeCa. Construction began on the building’s conversion in early 2015, and now YIMBY has new details and never-before-seen renderings of the condominium project, which goes by Six Cortlandt Alley. Curbed NY was the first to report on the project’s sales launch.

Renovation Planned at 19-Story, 256-Unit Mixed-Income Residential Building at 275 South Street, Lower East Side

10:00 am on May 3, 2016 By Reid Wilson

In 2015, L+M Development Partners and Nelson Management Group acquired the 19-story, 260-unit mixed-income residential building, called Lands End I, located at 257-275 South Street, on the Lower East Side, for an undisclosed amount. Now, renderings of the building’s planned renovation have been revealed by Curbed NY. The 236,065-square-foot building is expected to host 256 rental apartments after the renovation, which will include the construction of a roof deck, a fitness center, a community lounge, and a laundry. There will also be 24-hour doorman service, and amenities will be available to all of the building’s residents. Units will come in studio, one-, two-, and three-bedroom configurations. Half of the apartments, which are currently partially subsidized, will continue to rent at below-market rates. ORE Design + Technology is designing. Construction is expected to be complete in early 2017.

New Renderings Revealed of 60-Story, 80-Unit Condo Tower at 161 Maiden Lane, Financial District

11:00 am on April 29, 2016 By Reid Wilson

Back in September of 2015, new details were revealed of the residential tower planned at 161 Maiden Lane, in the Financial District, notably that the project would rise 60 stories, or 670 feet above street level, up from a previous 51 stories. Now, YIMBY can reveal new and up-close renderings of the glassy tower. Dubbed 1 Seaport, the project will have 80 condominium residences ranging from one- to four-bedroom configurations, averaging 1,726 square feet apiece. The 192,473-square-foot tower will be topped by two duplex penthouses. Amenities, located across three floors, will include a fitness center with yoga and training rooms, an infinity pool and spa featuring a “rain shower,” a sauna, and a “relaxation lounge.”

JDS Development Planning 77-Story, 600-Unit Mixed-Use Building at 235 Cherry Street, Lower East Side

6:30 am on April 29, 2016 By Reid Wilson

Since 2014, the property owners Two Bridges Neighborhood Council and Settlement Housing Fund have been in talks with an unknown developer over the 11,800-square-foot development site at 235-247 Cherry Street, on the southern edge of the Lower East Side. Now, it has been revealed that JDS Development Group is planning to build a 77-story, roughly 600-unit mixed-use building, The Lo-Down reports. The rental apartments should come in studio, one-, and two-bedroom configurations, with roughly 150 of the units permanently renting at below-market rates. There would also be 10,000 square feet of retail and a 4,600-square-foot senior community center in the tower. SHoP Architects will design the 900-foot-tall tower, which will be clad in terra-cotta and glass.

Reveal for Seven-Story, 45-Unit Mixed-Use Project Planned at 150 Rivington Street, Lower East Side

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

Earlier this year, applications were filed to demolish the former Streit’s Matzo Factory to the ground floor. The developer wants to build a seven-story, 45-unit mixed-use building with 10,219 square feet of ground and cellar-level retail space from the remnants, at 148-154 Rivington Street, on the Lower East Side. Renderings of the project have now been revealed by the New York Times, which can also report that apartments will be condominiums with one- and two-bedroom configurations. The amount of retail space has also been increased to 13,000 square feet. Cogswell Lee Development (the development arm of Cogswell Realty) is the developer, and GLUCK+ is behind the design. Demolition of the factory is expected to commence in the coming weeks.

Owner Plans Renovations for Nine-Story Office Building at 315 Hudson Street, Hudson Square

1:00 pm on April 21, 2016 By Reid Wilson

Jack Resnick & Sons is planning to renovate and reposition the nine-story, 481,184-square-foot office building at 315 Hudson Street, in Hudson Square. FXFOWLE Architects will be designing the renovation, which will include a 10,000-square-foot landscaped rooftop terrace, a redesigned lobby, upgraded mechanical equipment and elevators, and new windows, according to Real Estate Weekly. New amenities include bike storage space with locker rooms. The property boasts 52,000-square-foot floor plates, and the top five floors (or 225,000 square feet of contiguous space) is slated to be ready for occupancy in early 2019. Other portions of the LEED-certified building, which contains ground-floor retail, are available for immediate occupancy.

Developer Refiles for Six-Story, Six-Unit Residential Project at 253 East 7th Street Under New Architect, East Village

11:00 am on April 21, 2016 By Reid Wilson

Back in October of 2015, the four-story townhouse at 253 East 7th Street, in the East Village, was being demolished for a new residential project. Since then, demolition work has been completed, and the developer, BSD Realty, has refiled for applications under a different architect. Issac & Stern Architects is now designing the project, which will rise six stories and contain six residential units. The structure would measure 10,466 square feet and its units should average a spacious 1,498 square feet apiece, indicative of condominiums. There will be roughly one unit per floor, except a single apartment will share space with other units on the ground and second floors, and the sixth-floor unit will feature space on an upper penthouse level.

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