It appears that exterior progress has taken a step backward on Seaport Residences, a 60-story residential skyscraper formerly known as One Seaport at 161 Maiden Lane in the Financial District. Located on the border of the South Street Seaport District, the 200,000-square-foot building is designed by Hill West Architects and developed by Fortis Property Group LLC, with Ray Builders serving as the contractor. Groves & Co is the interior designer for the 80 units, which are being managed by Douglas Elliman Development Marketing.
Construction appears substantially complete on Trinity Commons, a 26-story mixed-use tower planned to open next year at 74 Trinity Place in the Financial District. Alternately addressed as 107 Greenwich Street, the 424-foot-tall building is designed by Pelli Clarke Pelli Architects and developed by Trinity Real Estate, with Stephen B. Jacobs Group as the executive architect.
External work on 120 Water Street is moving along. The topped-out, 28-story project is designed by Gene Kaufman Architects and is being developed by Atlas Hospitality as a Hotel Indigo in the Financial District. The planned 52,000-square-foot superstructure will contain 128 rooms managed by Fortuna Realty Group.
Nightingale Properties and Wafra Capital Partners recently launched a campaign to draw in $860 million in construction financing to redevelop an existing office building in Manhattan’s Financial District. Located at 111 Wall Street, it is estimated that redevelopment costs will max out at $1 billion.
Demolition work is ramping up at 1 Park Row in the Financial District, where a mixed-use building is planned to rise. Little information has been disclosed on the scope of the new project, which is designed by Fogarty Finger Architects and developed by Guardian Realty Management, since plans and renderings were released in December 2017. According to the depiction, the development could stand at least nine stories high.