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.
Work is in full swing at Elizabeth H. Berger Plaza, a small park in the Financial District. Bound by Greenwich Street to the west, Edgar Street to the north, and Trinity Place to the east, the project involves the unification of two public spaces that were formerly divided by an exit lane from the Hugh L. Cary Tunnel. George Vellonakis is the landscape architect of the park, which is named for the late Downtown Alliance president Elizabeth Berger, who passed away in 2013.
Curtain wall work is progressing on the Tin Building, a 53,000-square-foot market structure on the rebuilt Pier 17 in the South Street Seaport District. Designed by SHoP Architects and developed by Howard Hughes Corporation with Plaza Construction as construction manager, the project will feature a seafood-themed market by Jean-Georges Vongerichten, the main tenant of the property.
Construction is progressing very quickly at 185 Broadway, a 31-story mixed-use tower in the Financial District. Designed by FXCollaborative and developed by SL Green, the structure will stand 404 feet tall and yield 260,000 square feet. The site is located next to the western entrance of the Fulton Street station and one block east of the 16-acre World Trade Center complex.
