Financial District

Foundation Work Underway at 57-Story, 80-Unit Residential Tower, 161 Maiden Lane, Financial District

6:00 am on July 29, 2016 By Reid Wilson

Foundation work is underway on the 57-story, 80-unit residential tower under construction at 161 Maiden Lane, located on the corner of South Street, in the Financial District. The construction photos were taken by the project’s general contractor, Pizzarotti-IBC. Dubbed 1 Seaport, it will measure 192,473 square feet and stand 670 feet over the East River, according to the latest building permits. The residential units will be condominiums, ranging from one- to four-bedrooms, and should average 1,726 square feet apiece. Two duplex penthouses will crown the tower. Amenities include private residential storage, storage for 37 bikes, a lounge on the fourth floor, a fitness center, a children’s playroom, and a lounge, pool, and sauna on the 27th floor. YIMBY has been revealing renderings of the evolving project since 2012, with the latest batch released in the spring. Goldstein, Hill & West Architects is the architect, while Groves & Co. is the interior designer. Fortis Property Group is the developer, and construction is expected to be complete in early 2018.

Rendering of east side elevator for Broad Street J/Z subway station

45 Broad Street Supertall Coming with New Subway Elevators, Financial District

8:00 am on July 28, 2016 By Evan Bindelglass

The supertall mixed-use tower planned at 45 Broad Street will shimmer at its apex, over 1,100 feet above the streets of Lower Manhattan. But at ground level, the Financial District project will bring new services to those who won’t even enter the building. On Tuesday, the Landmarks Preservation Commission voted to approve new subway elevators planned on Broad Street.

39-Story, 320-Key Marriott Hotel Rises Above Street Level at 215 Pearl Street, Financial District

6:30 am on July 26, 2016 By Reid Wilson

Construction is now three stories above street level at 215 Pearl Street, located on the corner of Platt Street in the heart of the Financial District, where a 39-story, 320-key hotel is planned. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The hotel — which YIMBY first reported on in September of 2012 — will be a Courtyard & Residence Inn by Marriott. The latest building permits indicate it will encompass 165,655 square feet and stand 396 feet in height. The hotel rooms will be located on the fifth through 37th floors, while retail space will occupy some of the ground floor. Guest amenities include bike storage, a restaurant, meeting rooms, a fitness center, and a roof garden on the 38th floor. Lam Group is the developer and Nobutaka Ashihara Architect is the architect of record. Completion is expected in the summer of 2017.

Public Plaza, Pedestrian Bridge Outside 50 West Street Revealed, Financial District

4:00 pm on July 25, 2016 By Reid Wilson

Now that exterior work has completed on 50 West Street – the 64-story, 191-unit mixed-use tower dubbed simply “50 West” under development in the Financial District – crews are now focused on building a 6,800-square-foot public plaza around the base of the building and a pedestrian bridge over West Street (a.k.a. the West Side Highway). Renderings of the spaces have been revealed by the Wall Street Journal. The 24-hour plaza will feature an art gallery, a café, vegetation, and seating. The pedestrian bridge, dubbed the West Thames Street Bridge, will feed directly into the plaza. It will boast steel structural supports and a glass roof and walls. The New York City Economic Development Corporation (NYCEDC) is building the new pedestrian bridge, which will replace the Rector Street bridge located a block northward. Demolition of the Rector Street bridge and construction of the new one is expected to last two years.

Reveal for 24-Story, 122-Key Hotel Indigo at 120 Water Street, Financial District

6:00 am on July 25, 2016 By Reid Wilson

A rendering has been revealed of the 24-story, 122-key Hotel Indigo planned at 120 Water Street, in the Financial District, by the Commercial Observer. The new building will encompass 51,600 square feet and guest amenities will include a fitness center, a restaurant & bar on the ground floor, a rooftop bar & lounge on the top floor, and bike storage space in the cellar. The hotel rooms should average 360 square feet apiece. Long Island-based Atlas Hospitality is the developer and Gene Kaufman’s SoHo-based architectural firm is the architect of record. Since YIMBY’s report on the planned hotel in December of 2014, the project has shrunk from 31 stories and 150 rooms to 24 stories and 122 rooms. The project also has a different developer and architect. The 36-foot-wide, 2,877-square-foot assemblage is currently occupied by four- and five-story mixed-use buildings. Demolition permits were filed in November of 2015. Completion of the new hotel is scheduled for the spring of 2018.

23-Story, 120-Unit Mixed-Use Building Rises to 10th Floor at 56 Fulton Street, Financial District

4:00 pm on July 14, 2016 By Reid Wilson

Since rising above street level in March of 2016, the 23-story, 120-unit mixed-use project under development at 56 Fulton Street, on the corner of Cliff Street in the Financial District, has grown to 10 stories. The construction progress can be seen thanks to a photo taken by Tectonic. The 128,540-square-foot tower will eventually host 5,865 square feet of ground-floor retail space and 120 rental apartments, ranging from 450-square-foot studios to 1,250-square-foot two-bedrooms. Twenty percent of them, or 24 units, will rent at below-market rates through the housing lottery. Amenities include storage for 61 bikes, a fitness center, laundry facilities, a lounge, a dining room for events, a game room, and an outdoor terrace on the 23rd floor. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is the design architect, with Andrés Escobar designing the interiors. Completion can probably be expected in early 2017.

Construction at Pier 17 at the South Street Seaport, as seen from the Brooklyn Bridge. Photo by Tectonic

Façade Installation Continues at South Street Seaport’s Pier 17

8:00 am on July 12, 2016 By Evan Bindelglass

Real progress is being made on the redevelopment of the South Street Seaport. Façade installation is well underway on the new Pier 17 mall.

On-site rendering of 118 Fulton Street. Captured by Robert Walpole

New Look for 49-Story 118 Fulton Street, Financial District

8:00 am on July 6, 2016 By Evan Bindelglass

For years, YIMBY has been reporting on plans for a high-rise residential tower at 118 Fulton Street, between Nassau and Dutch streets in the Financial District. No building exists yet, but the design has apparently changed again, per on-site renderings posted to the YIMBY Forums.

Foster's 200 Greenwich, composite by Jose Hernandez, image originally by Joe Woolhead

It’s Time to Bring Back Norman Foster’s Design for 2 World Trade Center

5:00 pm on July 1, 2016 By Nikolai Fedak

News broke this week that billionaire Ron Perelman committed $75 million to financing the World Trade Center’s Performing Arts Center, which will provide the complex with a much-needed cultural amenity. But with 175 Greenwich (3 World Trade Center) nearly complete and the remaining puzzle pieces now falling into place, it is YIMBY’s opinion that it is also time to reconsider the design changes proposed for 2 World Trade Center. With Fox failing to commit to BIG’s proposal for the site, it makes much more sense to return to Norman Foster’s far more attractive design for the tower, which was shelved last year.

World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming

6:00 am on July 1, 2016 By Reid Wilson

Billionaire Ronald Perelman has pledged to donate $75 million to resurrect plans for the World Trade Center‘s Performing Arts Center, to be located at 70 Vesey Street in the Financial District. That’s the patch of land bound by Vesey, Greenwich, and Fulton streets, once home of the WTC’s temporary PATH station. The three-to four-story, 80,000-square-foot complex, now dubbed the Ronald O. Perelman Performing Arts Center at the World Trade Center, will eventually boast three theaters. They will each seat 499, 299, and 100 people, but will have the ability to be reconfigured into a single 1,200-seat theater, according to the New York Times. Brooklyn-based REX Associates is responsible for the design. Perelman’s donation will be combined with $100 million already awarded by the Lower Manhattan Development Corporation (LMDC). The project is reportedly expected to cost $240 million in total, although the the LMDC said last year it will cost no more than $200 million. Groundbreaking is set for 2018.

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Financial District

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