Residential

Construction Resumes on 125 Greenwich Street in Financial District, Manhattan

8:00 am on July 4, 2023 By Michael Young and Matt Pruznick

Construction has resumed on 125 Greenwich Street, an 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group and Bizzi & Partners, the 912-foot-tall structure will yield 273 condominium units designed by March & White and marketed by Douglas Elliman Marketing Development, which is aiming to launch sales later this fall. The developers secured a $313 million construction loan from Northwind Group in February to finish the formerly stalled project. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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160 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

7:30 am on July 4, 2023 By Michael Young and Matt Pruznick

Work is progressing on 160 Water Street, a 29-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by Gensler and developed by Vanbarton Group, the project involves the construction of five floors atop the parapet of the 24-story structure and the conversion of its 525,000 square feet of office space to yield 588 rental units in studio to two-bedroom layouts. The overhaul, which is being carried out with a $272.5 million loan from Brookfield Real Estate Financial Partners arranged by Cushman & Wakefield, will also include upgrades to building infrastructure, renovated lobby and common spaces, and the construction of a suite of amenity spaces. Collaborative Construction Management is the general contractor for the property, which is located at the corner of Water and Fletcher Streets.

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Exterior rendering of 66 Clinton Street

66 Clinton Street Nears Completion on Manhattan’s Lower East Side

7:30 am on July 3, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on 66 Clinton Street, a seven-story residential building on Manhattan’s Lower East Side. Designed by C3d Architecture and developed by Vault Development Partners and TLM Equities, which closed on a $20.1 million construction loan to finish the project, the 23,000-square-foot structure will yield 12 condominium units designed by TalliTien with sales and marketing led by Douglas Elliman Development Marketing. Borough Construction Group is the general contractor for the property, which is located between Stanton and Rivington Streets.

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Rendering of The Peninsula affordable housing campus - WXY Architecture + Urban Design

Developers Secure $297M to Complete Phase Two of The Peninsula Affordable Housing Complex in Hunts Point, The Bronx

7:00 am on July 3, 2023 By Sebastian Morris

Gilbane Development Company, Hudson Companies, and MHANY Management have secured $297 million to complete phase two of The Peninsula, a mixed-use, 100-percent affordable housing complex in Hunts Point, The Bronx. The five-building master plan is being designed by WXY Architecture + Urban Design and Body Lawson Associates, Architects & Planners and will be delivered in three phases.

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