Earlier this week, Tectonic sent YIMBY the latest photos of progress at 111 Murray Street, where glass has now reached the tower’s crown. But as construction wraps on one skyscraper, it is accelerating rapidly at another to the southeast, at 125 Greenwich Street, where formwork is now climbing at over one floor per week. The Rafael Viñoly-designed building will eventually stand 72 floors and 912 feet to its rooftop.
Bizzi and Partners
Foundation work is now complete at 125 Greenwich Street, in the Financial District, the site of a planned 88-story, 273-unit mixed-use tower being developed by SHVO (headed by Michael Shvo), New Valley, and Bizzi & Partners Development. The concrete pit is now ready to make way for the tower portion, as seen in a photo by ILNY that was posted to the YIMBY Forums. The exact dimensions of building are not known, as the permits at the Buildings Department have yet to be amended, but we know it will rise 898 feet above street level (per Curbed NY) and will encompass roughly 450,000 square feet. There will be 20,000 square feet of retail space in its base and 16,000 square feet of residential amenities, including multiple terraces throughout the tower. The residential units will also be condominiums, ranging from studios to a triplex penthouse. Rafael Viñoly Architects is behind the design. Earlier this year, the developers were in the process of securing financing through various sources. Completion is expected in 2018.
In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.
Back in March, YIMBY posted the first glimpse at the new condominium building coming to 555 Broome Street, in Hudson Square. Renzo Piano was recently revealed to be designing the project, formerly known as 100 Varick Street, which Bizzi & Partners, Itzhaki Aquisitions, and Michael Shvo are developing, and permits went up two weeks ago. Now, YIMBY has a new rendering of the building, giving a much better idea as to its ultimate appearance.