Preparation work has begun for the residential conversion of 25 Water Street, a 22-story former office building in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the construction of ten new stories above the parapet of the existing structure, the replacement of its brick façade with a modern fenestration with more expansive windows, and the gut renovation of its 1.1 million square feet of interiors into 1,300 rental units. When complete, the conversion will be the largest ever in the United States by unit count, surpassing the recent redevelopment of One Wall Street with its 566 condominiums. Pavarini McGovern is the general contractor for the property, which is Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west.
Façade installation is moving along quickly on 450 Eleventh Avenue, a 51-story hotel skyscraper in Hudson Yards. Designed by DSM Design Group and developed by Marx Development Group, the 642-foot-tall structure will house a 379-room Aloft hotel with a business center, a ballroom, and a fourth-floor restaurant with a bar and outdoor terrace. Atria Builders is the general contractor for the project, which is located at the corner of West 37th Street and Eleventh Avenue, directly across from the Jacob K. Javits Center.
Demolition of a multi-story parking garage has wrapped up at 85 DeKalb Avenue, the site of a planned 29-story residential building in Fort Greene, Brooklyn. Designed by Perkins Eastman and developed by Long Island University and RXR Realty under the RXR LIU Developer TRS LLC, the 348-foot-tall structure will span 288,849 square feet and yield 275 rental units with an average scope of 883 square feet, as well as 45,981 square feet of community facility space, a cellar level, a 30-foot long rear yard, two loading berths, and 198 enclosed parking spaces. Capital Industries Corp. is the general contractor for the project, which is located at the intersection of DeKalb Avenue and Rockwell Place.
Construction is rising on 125 West 57th Street, a 26-story commercial building along Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will yield 185,000 square feet of Class A office space and a ground-floor home for the Calvary Baptist Church, which has operated on the site since 1883. Leading Builders Group is the general contractor for the property, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.
Construction is finishing up on Signum, a 17-story residential building at 375 Dean Street on the border of Park Slope and Boerum Hill, Brooklyn. Designed by S. Wieder Architects and developed by 35 Holding LLC, the structure yields roughly 70,000 square feet of residential space with 143 rental units in studio to two-bedroom layouts, as well as 8,791 square feet of commercial space, 1,097 square feet of community facility space, parking for up to 43 vehicles, and a cellar level. Empire Management & Construction is the general contractor for the property, which is alternatively addressed as 35 Fourth Avenue and located at the corner of Dean Street and Fourth Avenue. Raizy Mandel and James Jaquez of NestSeekers International are in charge of leasing and marketing for the apartments.