The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.
Developer Elk Homes recently unveiled plans to construct a new condominium residence in the village of Larchmont, Westchester. This comes in response to the local government’s encouragement of developers to invest in large-scale, mixed-use projects in the central business district.
Permits have been filed for a 19-story apartment building at 109 East 79th Street on the Upper East Side, Manhattan. Located between Park Avenue and Lexington Avenue, the interior lot is two blocks north of the 77th Street subway station, serviced by the 4 and 6 trains. Legion Investment Group is listed as the owner behind the applications.
Permits have been filed for a six-story apartment building at 2395 Palisade Avenue in Spuyten Duyvil, The Bronx. Located between the Henry Hudson Bridge and Bradley Terrace, the corner lot is close to the Spuyten Duyvil station on the MetroNorth Hudson line as well as the Spuyten Duyvil Shorefront Park. Michel Perle under the 2395 Palisade LLC is listed as the owner behind the applications.
The first sculptural glass panels on Thomas Heatherwick’s premiere residential project at 515 West 18th Street are starting to be installed. The glass and metal frames are rising on the western elevation of the shorter ten-story building, which has topped out along Tenth Avenue. Heatherwick’s pair of architecturally matching structures straddle the High Line and will be an interesting addition to the Chelsea neighborhood. The taller half of the complex is rising on the western edge of the elevated park and will soon stand 22 stories high. The site is being developed by Related Companies.