YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.
Work has resumed on 540 Fulton Street, a 511-foot-tall, 42-story, mixed-use skyscraper in Downtown Brooklyn. Construction had been suspended since February, when stop work orders were issued due to alleged safety concerns at the site. The mixed-use residential project is being designed by Marvel Architects and developed by Jenel Management. The reinforced concrete tower will yield about 330,000 square feet, with nearly 96,600 square feet to be allocated to commercial space on the lower floors. The remainder will be reserved for residences and measure about 236,900 square feet.
Proposals from the Francesca Russo Architect design team reveal plans to modernize exterior elements of an aging Greek Revival-style building at 5 West 16th Street. Located near Union Square Park, the building was originally completed in 1846 as a private residence. The home was later designated an official city landmark by the Landmarks Preservation Commission in June 1986.
Permits have been filed for a five-story apartment building at 176 Tompkins Avenue in Bedford-Stuyvesant, Brooklyn. Located between Hart Street and Pulaski Street, the interior lot is three city blocks east of the Myrtle-Willoughby Avenues subway station, serviced by the G train. Mehmet Aksay of Teba USA Inc. is listed as the owner behind the applications.
Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.