New renderings and details of 250 Water Street were revealed yesterday, depicting a mixed-use development significantly smaller in size and scope than the supertall previously speculated. Developed by the Howard Hughes Corporation and designed by Skidmore Owings & Merrill, the two-tower high rise is a bit underwhelming in contrast to the 1,000-foot-tall design that would have become the tallest structure in lower Manhattan.
Renderings from Fogarty Finger Architecture reveal a major renovation and redesign of a through-block commercial lobby at 80 Pine Street in Manhattan’s Financial District. The Rudin Family, owners and original developers of the property, commissioned the architects to complete a brighter, more inviting entry into the Class A office tower.
Nightingale Properties and Wafra Capital Partners recently launched a campaign to draw in $860 million in construction financing to redevelop an existing office building in Manhattan’s Financial District. Located at 111 Wall Street, it is estimated that redevelopment costs will max out at $1 billion.
Insurance conglomerate AIG has officially announced the relocation of its global headquarters to 1271 Avenue of the Americas in Midtown, Manhattan. The new headquarters will span eight floors or approximately 325,000 feet.
After a brief pause in construction, work has resumed on the Marriott Residence Inn at 215 Pearl Street in the Financial District. The 38-story building comprises approximately 165,655 feet and was initially designed by Nobutaka Ashihara Architects, with whom Gene Kaufman worked to transition the project.