Downtown

Seaport Residences Continues to Languish at 161 Maiden Lane in Financial District, Manhattan

8:00 am on November 27, 2024 By Michael Young and Matt Pruznick

Continuing our Turkey Week list of stalled projects is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower, originally dubbed One Seaport, was planned to span 200,000 square feet and yield 80 condominium units. The property stands on a narrow rectangular lot bound by South Street and Maiden Lane, directly across from FDR Drive and the East River.

45 Park Place Remains Incomplete in Tribeca, Manhattan

8:00 am on November 26, 2024 By Michael Young and Matt Pruznick

Continuing our Turkey Week rundown of stalled projects is 45 Park Place, a 43-story residential skyscraper in Tribeca, Manhattan. Designed by SOMA Architects and Ismael Leyva Architects and developed by Sharif el-Gamal of Soho Properties under the Park Place Development Primary LLC, the 667-foot-tall structure was slated to yield 50 condominium units. The property is located between Church Street and West Broadway.

204 Avenue A Nears Completion in East Village, Manhattan

7:30 am on November 19, 2024 By Michael Young and Matt Pruznick

Work is wrapping up on 204 Avenue A, a seven-story affordable housing building in the Alphabet City section of Manhattan’s East Village. Designed by Shakespeare Gordon Vlado Architects and developed by New York City’s Housing Preservation and Development, the 69-foot-tall structure will span 14,029 square feet and yield ten co-op apartments with an average scope of 930 square feet, as well as 1,464 square feet of ground-floor commercial space, rooftop recreational space, and a 34-foot-long rear yard. The property is located on a narrow interior lot between East 12th and East 13th Streets.

Excavation Underway At 327 Broome Street on Manhattan’s Lower East Side

7:30 am on November 18, 2024 By Michael Young and Matt Pruznick

Excavation is progressing at 327 Broome Street, the site of a six-story residential building in the Bowery section of Manhattan’s Lower East Side. Designed by Kutnicki Bernstein Architects and developed by The Rinaldi Group, the 8,586-square-foot structure will yield five condominium units. BAM Developers is listed as the owner of the property, which is situated on a 25-foot-wide interior lot between Bowery and Grand Street.

Photograph of One Vandam at 180 Sixth Avenue, courtesy of Rare Public Relations

New Loan Issued for One Vandam at 180 Sixth Avenue In Soho, Manhattan

7:00 am on November 18, 2024 By Max Gillespie

A new loan totaling $4 million has been brokered by HKS Real Estate Advisors for the retail component of One Vandam, a 14-story residential building at 180 Sixth Avenue in Soho, Manhattan. Designed by BKSK Architects, the property completed construction in 2014. The loan was issued by Emerald Creek Capital and sponsor is CRE8 Equities.

Demolition Set to Begin at 156-166 Bowery in Nolita, Manhattan

7:30 am on November 17, 2024 By Michael Young and Matt Pruznick

Demolition preparations are underway at 156-166 Bowery, the site of a forthcoming seven-story commercial building in Nolita, Manhattan. Designed by Perkins + Will Architects and developed by Kinsman Property Group, a joint venture between Madison Group and State Building Group, the 85-foot-tall structure will yield 72,441 square feet of office space. The 15,000-square-foot property is currently occupied by seven vacant low-rise buildings by the corner of Bowery and Kenmare Street.

Spring + Thompson’s Façade Takes Shape at 83 Thompson Street in Soho, Manhattan

8:00 am on November 13, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on Spring + Thompson, a seven-story mixed-use building at 83 Thompson Street in Soho, Manhattan. Designed by Selldorf Architects and developed by Madison Realty Capital and SK Development, the 75-foot-tall structure will span 26,191 square feet and yield seven condominium units in one- to four-bedroom layouts with an average scope of 3,151 square feet, as well as 2,740 square feet of commercial space, 1,390 square feet of community facility space, and a cellar level. The property is alternately addressed as 182-186 Spring Street and is located at the intersection of Thompson and Spring Streets.

Rendering of 14-16 Fifth Avenue; Front elevation - Robert A.M. Stern Architects, Madison Realty Capital

RAMSA’s 16 Fifth Avenue Continues Ascent in Greenwich Village, Manhattan

8:00 am on November 1, 2024 By Michael Young and Matt Pruznick

Construction has risen past the halfway mark on 16 Fifth Avenue, a 19-story residential building in Greenwich Village, Manhattan. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominium units. The property is located on an interior lot between East 8th and East 9th Streets, just north of Washington Square Park.

New Rendering Revealed For 525 Sixth Avenue in Manhattan’s Greenwich Village

8:00 am on October 24, 2024 By Michael Young and Matt Pruznick

Exterior work is beginning on 525 Sixth Avenue, a 13-story residential building in Greenwich Village, Manhattan. Designed by BKSK Architects and developed by Izaki Group under the 525 6th Ave LLC, the 145-foot-tall structure will span 123,000 square feet and yield 71 condominium units and ground-floor commercial space. The property is alternately addressed as 100-106 West 14th Street and is located at the corner of West 14th Street and Sixth Avenue, just below the border with Chelsea.

Excavation Underway at 88 East 2nd Street in Manhattan’s East Village

7:00 am on October 22, 2024 By Michael Young and Matt Pruznick

Excavation is moving along at 88 East 2nd Street, the site of a seven-story mixed-use building in Manhattan’s East Village. Designed by Gerald Caliendo Architects and developed by Manny Ashourzadeh of Romah Management Corporation, the 73-foot-tall structure will span 19,278 square feet and yield 22 rental units with an average scope of 740 square feet, as well as 2,994 square feet of commercial space and a cellar level. The property is located at the corner of East 2nd Street and First Avenue.

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