A development site at 75–83 Nassau Street in the Financial District has been sold for $53 million, with plans underway for a new mixed-use tower. JLL Capital Markets arranged the transaction on behalf of seller Lexin Capital and negotiated directly with the buyer, a joint venture between Fulltime Management and Montgomery Street Partners. The property is located between Fulton and John Streets.
At number 12 on our year-end countdown of the tallest construction projects in New York is Link Apartments 8 Carlisle, a 789-foot-tall residential skyscraper at 8 Carlisle Street in Manhattan’s Financial District. Designed by Handel Architects and developed by Grubb Properties and Pink Stone Capital, the 64-story structure will span 326,221 square feet and yield 462 residential units. The project will also include 7,000 square feet of ground-floor retail space and a 60-foot-long rear yard. The property is alternately addressed as 111 Washington Street and located at the corner of Washington and Carlisle Streets, just south of the World Trade Center complex.
GFP Real Estate has been selected to redevelop the city-owned site at 100 Gold Street into a large-scale mixed-income residential development in Manhattan’s Financial District. The new property will contain approximately 3,700 housing units, with at least 25 percent planned to be permanently affordable. The project is part of Mayor Eric Adams’ “Manhattan Plan,” which aims to create 100,000 new homes in the borough over the next decade. The property is located at the corner of Gold and Frankfort Streets.
Next on our Turkey Week rundown of stalled New York projects is 2 World Trade Center, a 1,230-foot commercial supertall skyscraper that remains on hold in Manhattan’s Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 62-story structure is the final component of the 16-acre World Trade Center complex and is slated to yield 2.2 million square feet of office space. The full-block property is bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.
Kicking off our annual Turkey Week rundown of infamous stalled projects in New York is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane in Lower Manhattan’s Financial District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower was planned to span 200,000 square feet and yield 80 condominium units. The property, originally dubbed One Seaport, occupies a narrow rectangular lot bounded by South Street and Maiden Lane, directly across from FDR Drive and the East River.