Financial District

56 Fulton Street

Housing Lottery Launches for 60 Fulton Street in Manhattan’s Financial District

The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.

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St. Nicholas Greek Orthodox Church Opens to the Public in Manhattan’s Financial District

YIMBY recently visited the completed St. Nicholas Greek Orthodox Church, which opened its doors on December 5, 2022. Designed by Santiago Calatrava and developed by The Port Authority of New York and New Jersey, the reinforced concrete structure stands 25 feet above street level atop Liberty Park, across from the site of the original 16-acre World Trade Center complex in Lower Manhattan’s Financial District. Interior paintings were all done by hand by iconographer Father Loukas of Xenophontos.

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125 Greenwich Street Awaits Completion in Manhattan’s Financial District

Next on YIMBY’s Turkey Week update of stalled projects is 125 Greenwich Street, an 88-story residential skyscraper in the Financial District. Designed by Rafael Vinoly and originally developed by Bizzi & Partners, Cindat, New Valley, the Carlton Group, and Shvo, the 912-foot-tall structure has lingered at near-completion since late 2019. The tower was planned to yield 273 condominium units with interiors by March & White and marketing led by Douglas Elliman. Plaza Construction is the general contractor for the property, which is located at the corner of Greenwich and Thames Streets, just downtown from the World Trade Center complex.

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Seaport Residences Remains Stalled at 161 Maiden Lane in Financial District, Manhattan

Kicking off our annual Turkey Week rundown of notable 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 has been on hold since sometime in late 2020, and its future remains uncertain. The 200,000-square-foot structure is planned to yield 80 units with interiors by Groves & Co. Ray Builders was the latest contractor for the property, which is located on a narrow rectangular site bound by South Street and Maiden Lane.

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Street-level renderings of proposed changes to 60 Wall Street's front elevation; Submitted to the LPC September 2022

Paramount Group’s Modernization Project at 60 Wall Street Remains Uncertain After LPC’s No-Action Ruling

Local preservationists recently celebrated the Landmark Preservation Commission’s decision to take no action on proposals to redesign 60 Wall Street‘s iconic lobby and atrium in the Financial District of Manhattan. Led by Paramount Group, the building’s current owner, the proposed renovation includes replacement of the atrium’s geometric columns, perforated ceilings, palm trees, and terrazzo flooring with a more modern design by international architect Kohn Pederson Fox.

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