50 Trinity Place’s Façade Continues to Take Shape in Financial District, Manhattan

8:00 am on March 19, 2022 By Michael Young

Exterior work continues to progress on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot reinforced concrete tower will yield 173 guest rooms. Cauldwell Wingate is serving as the general contractor for the project, which is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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Durst Organization Reveals Plans for Sven Park in Long Island City, Queens

7:30 am on March 19, 2022 By Sebastian Morris

The Durst Organization has released the first renderings of a new public outdoor space at the base of Sven, the developer’s latest residential skyscraper at 29-37 41st Avenue in Long Island City. The half-acre space will debut as Sven Park and offers a new playground, dog runs, workout and parkour facilities, ping-pong tables, swinging benches, and stationary seating.

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Housing Lottery Launches for 1120 St. Johns Place in Crown Heights, Brooklyn

7:00 am on March 19, 2022 By Vanessa Londono

The affordable housing lottery has launched for 1120 St. Johns Place, a seven-story residential building in Crown Heights, Brooklyn. Designed by Greenberg Farrow and developed by Complete Development Inc., the structure yields 75 residences. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $167,570.

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1 Park Row’s Demolition Nears Street Level in Financial District, Manhattan

8:00 am on March 18, 2022 By Michael Young

Demolition is progressing at 1 Park Row, the site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction LLC is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. 1 Park Row received a $90 million construction loan from Los Angeles-based Parkview Financial last summer.

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