Renovation work is finishing up on 27 Park Place, a five-story commercial building in Tribeca. Designed by Michael Schmitt Architect PC, the project involves a full interior and exterior refurbishment following a six-alarm fire that heavily damaged the structure in 2017. The property is bound by Murray Street to the north, Park Place to the south, and Church Street to the west.
Façade installation is progressing on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will span 103,000 square feet and yield 58 condominium units in one- to three-bedroom layouts, as well as 19,000 square feet of office and retail space on the lower levels. 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across from the southern tip of City Hall Park.
Foundations are progressing at 111 Washington Street, the site of a 64-story residential skyscraper in Manhattan’s Financial District. Designed by Handel Architects and developed by Carlisle New York Apartments and Grubb Properties, which closed on a $48 million loan for the project last summer, the 712-foot-tall structure will span 326,221 square feet and yield 462 residential units, 7,000 square feet of commercial space, and a 60-foot-long rear yard. The development is alternately addressed as 8 Carlisle Street and located at the corner of Washington and Carlisle Streets, south of the nearby World Trade Center complex.
Exterior work is progressing on 380 4th Avenue, a 17-story residential building in Gowanus, Brooklyn. Designed by GF55 Architects and developed by Quinlan Development Group LLC, the 175-foot-tall structure will span 211,650 square feet and yield 197 rental units with an average scope of 830 square feet, as well as 6,030 square feet of ground-floor commercial space, a cellar level, a 40-foot-long rear yard, and 30 enclosed parking spaces. Fifty of the units will be designated as affordable housing. The $78 million project is located between 3rd and 6th Streets.
Construction has topped out on 544 Carroll Street, a 17-story residential building on the eastern edge of Gowanus, Brooklyn. Designed and developed by Avery Hall with L+Z Architecture as the architect of record, the 175,000-square-foot structure will yield 133 rental units with 25 percent designated as affordable housing, as well as 6,000 square feet of ground-floor retail space. The property is alternately addressed as 272 Fourth Avenue and bound by Carroll Street to the north and 4th Avenue to the east. The project is expected to cost between $90 and $120 million.
