Downtown

Ronald O. Perelman Performing Arts Center Quickly Rising in the Financial District

The cubic structure of the Ronald O. Perelman Performing Arts Center is continuing to take shape in the Financial District. Designed by REX and developed by the Port Authority of New York and New Jersey with Davis Brody Bond Architects as the executive architect, the 138-foot-tall structure is located in the World Trade Center complex at the foot of One World Trade. A lot of progress has occurred since our last update in early February, when the steel trusses that form the bottom portion of the superstructure were just being assembled. Now work has climbed well above with the formation of the multi-story perimeter of V-shaped columns. This section of the building will be enclosed in the white marble façade.

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Construction Wraps on 165 Chrystie Street on the Lower East Side

Construction is wrapping up on 165 Chrystie Street, a ten-story residential building on Manhattan’s Lower East Side. Designed by Architecture Only and developed by Nortco and Nexus Development, the reinforced concrete structure stands on the west side of Sara D. Roosevelt Park between Delancey Street and Rivington Street. Sales is handled by Nest Seekers led by Ryan Serhan, with marketing handled by CORE. Layouts include six through-floor simplex units, a duplex townhouse with a private rear yard, and a triplex penthouse with a private rooftop.

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Explosion-Replacing 45 East 7th Street Unveiled in East Village

Work is nearing completion on 45 East 7th Street, a seven-story residential building from Morris Adjmi Architects in the East Village. Developed by Immobiliare Capital, Premier Equities, and Nexus Building Development Group, the project required approvals and insight from the Landmarks Preservation Commission before work proceeded on the property, which sold for $9.15 million in 2017. The edifice will contain 21 condominiums marketed by The Tavivian Team from Douglas Elliman and range from one-, two-, and three-bedroom layouts. There will also be ground-floor retail.

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