Residential

125 Greenwich Street Awaits Completion in Manhattan’s Financial District

Next on YIMBY’s Turkey Week update of stalled projects is 125 Greenwich Street, an 88-story residential skyscraper in the Financial District. Designed by Rafael Vinoly and originally developed by Bizzi & Partners, Cindat, New Valley, the Carlton Group, and Shvo, the 912-foot-tall structure has lingered at near-completion since late 2019. The tower was planned to yield 273 condominium units with interiors by March & White and marketing led by Douglas Elliman. Plaza Construction is the general contractor for the property, which is located at the corner of Greenwich and Thames Streets, just downtown from the World Trade Center complex.

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Street View of Innovation QNS at 35th Ave - ODA New York

New York City Council Approves $2B Innovation QNS Complex in Astoria, Queens

The New York City Council voted Tuesday, November 21 to approve Innovation QNS, a $2 billion mixed-use development that will bring 3,200 apartments to Astoria, Queens. The development team behind the property includes Kaufman Astoria Studios, Silverstein Properties, and BedRock Real Estate Partners, which was forced to price around 1,400 apartments, or nearly half of the planned units, below market rate.

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45 Park Place Stands Unfinished in Tribeca, Manhattan

Second on YIMBY’s Turkey Week tour of stalled projects is 45 Park Place, a 43-story residential skyscraper in Tribeca. Designed by SOMA Architects with Ismael Leyva Architects as the executive and residential architect and developed by Sharif el-Gamal of Soho Properties, the 667-foot-tall tower has been stalled since sometime in late 2019. Piero Lissoni is the interior designer, Permasteelisa Group and Vidaris are the façade consultants, and Gilbane Residential Construction is the general contractor for the property, which is located between Church Street and West Broadway.

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