Foundation work is progressing rapidly at 50 Trinity Place, as steel rebar and formwork for the sub-story levels are now reaching street level. Excavation and pilings were still ongoing at the time of YIMBY’s late-July update and now work will soon commence for the superstructure of the ground-up Aloft Hotel. Located in the Financial District at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church, the hotel is designed by Peter Poon Architects. FIT Investment Corporation is the developer of the project, and purchased the Lower Manhattan site for $15 million from Sam Chang in 2012.
Developers have revealed new renderings of a rising mixed-use building at 23-20 Jackson Avenue in Long Island City, Queens. The development is designed by KSQ Architects and will top out at nine stories, comprising 85,851 square feet.
Permits have been filed for a 12-story mixed-use building at 72-01 Queens Boulevard in Elmhurst, Queens. Located between 72nd Street and 73rd Street, the lot is near the Elmhurst Avenue subway station, serviced by the M and R trains. The Hakimian Organization under the Woodside Development Group LLC is listed as the owner behind the applications.
Excavation has progressed significantly at 555 West 38th Street since YIMBY last checked in on the Hudson Yards site in late August. Construction workers have ripped up all of the asphalt from the parking lot that formerly occupied the property and have unearthed a substantial amount of dirt. The plot will eventually give rise to a 52-story residential skyscraper designed by Pelli Clarke Pelli Architects and developed by Rockrose. Located directly across Eleventh Avenue from the Jacob K. Javits Center, the 570-foot-tall tower will contain 598 rental units. SLCE is the architect of record.
Construction is approaching the halfway mark on the Hotel Indigo at 120 Water Street in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Development, the slim reinforced concrete building will rise with a total of 28 stories and yield 52,000 square feet with 128 hotel rooms, a cellar-level fitness center for guests, a ground-floor restaurant, and a 25th-floor venue space. Fortuna Realty Group will serve as hotel management.