Downtown


75 First Avenue

Development Site At 75 First Avenue To Be Acquired By Colonnade Group, East Village

Back in 2014, YIMBY revealed renderings of Ozymandius Realty and Orange Management’s planned eight-story, 27-unit mixed-use building at 75 First Avenue in the East Village. Now, the long-time owners are selling the site to Colonnade Group. The site allows for an eight-story, 35,000 square foot building with retail, but it’s not known whether the new developer intends to follow the previously filed plans. The previous owners began assembling the site in 2005, when a 14-story building could have been built, before the city downzoned the East Village in 2008, according to The Real Deal. NO Architecture designed the old proposal.



20 Broad Street

Residential Conversion Planned At 20 Broad Street, 27-Story Office Building In Financial District

Back in August, Vornado Realty Trust mulled the idea of a residential conversion at the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District. Now, Nathan Berman is purchasing the leasehold from Vornado and reportedly following through with the conversion to rental apartments, per Crain’s. The New York Stock Exchange — expected to vacate the structure next August — owns the land under the building, and the lease expires in 2081.


487 Hudson Street

St. Luke’s School To Pursue Vertical Expansion At 487 Hudson Street, West Village

The St. Luke’s School is planning to expand their 40,000 square-foot facility at 487 Hudson Street, in the West Village, by 20,000 square feet, according to Commercial Observer. The addition will include a glassbox theater, an expanded gym, and additional classrooms, but will have to be built atop a new foundation over the existing three story building. The school recently extended their lease for another 49 years at the property.


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