Exterior work is nearing completion on 120 Water Street, a 28-story Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure is located along Water Street between Pine and Wall Streets and will yield 128 rooms managed by Fortuna Realty Group.
Construction is continuing to progress on the residential conversion of the 90-year-old One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Developed by Macklowe Properties, the project is expected to cost $1.5 billion and also features an exterior addition designed by SLCE Architects. The undertaking is the largest office-to-residential conversion in New York City history and will feature 566 new units with sales handled and marketed by Compass, as well as a new 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The site is bound by Broadway to the west, Wall Street to the north, New Street to the east, and Exchange Place to the south.
The last exterior touches are going up on 130 William Street, an 800-foot-tall residential skyscraper in the Financial District. Designed by David Adjaye of Adjaye Associates and developed by Lightstone with Hill West Architects as the architect of record, the 66-story edifice will yield 242 units marketed by Corcoran Sunshine. Prices are expected to range from around $1,300,000 for a one-bedroom apartment to $20,000,000 for a four-bedroom, full-floor penthouse. The building’s main entrance is located on William Street, along with street frontage lining Fulton Street to the north.
Steel assembly work is now complete on the Ronald O. Perelman Performing Arts Center with the installation of the final beam this past week at the Financial District site. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by an independent non-profit company called The Perelman, the 138-foot-tall cubic performance space stands at the northern end of the original 16-acre World Trade Center complex, bound by Greenwich Street to the east, Vesey Street to the north, Fulton Street to the south, and Skidmore Owings & Merrill‘s One World Trade Center to the west.
Work is progressing on 100 Pearl Street, a project to renovate the lower floors of the mixed-use Financial District building to an expanded, more pedestrian-friendly arcade, as well as upgrades at the roof level. Alternately addressed as 7 Hanover Square, the overhaul is being designed by S9 Architecture and developed by GFP Real Estate and will feature 1,450 square feet of indoor public space plantings, 10 to 18 food and beverage retailers, at least two new retail shops on Pearl Street and at least two on Water Street, kiosks, 167 new seats, and new lobby space.