The recently completed office-to-residential conversion of 180 Water Street has officially leased 95% of its residential units. Located in the Financial District, the Metro Loft-developed property only has 25 vacant apartments remaining.
425 Park Avenue in Midtown East has been the focus of much interest, with good reason. Unlike the full demolition and larger replacement impending for the Union Carbide Building, the old pre re-zoning regulations forced 425 Park’s developers to maintain 25% of the extant structure in order to build to its exact original square footage. Now, steel and concrete for the Foster + Partners creation are finally rising above the old shell, and the project is slowly moving upwards and into the neighborhood skyline.
Construction at 150 Rivington Street on Manhattan’s Lower East Side has moved along quickly. YIMBY last reported on the site’s progress in January, when the structure was just two stories high. Now, the building has topped-out, at seven stories. Cogswell Lee Development is responsible for the project, which replaces the former Streitz Matzo Factory.
A proposal has been submitted to the city for a re-zoning at 55-63 Summit Street, in Brooklyn’s Columbia Waterfront District, accompanied by the first renderings of what that could ultimately yield. The affected area is currently classified as M1-1, and the proposal would change that to R6B.
Permits have been filed for a six-story hotel at 2100 Bartow Avenue, in Baychester, The Bronx. The site is twelve blocks away from the Gun Hill Road subway station, serviced by the 2 and 5 trains. Bay Plaza Hospitality Investors are responsible for the development.