Financial District

Demolition Underway At 143 Fulton Street, Site Of 26-Story, 288-Key Hotel, Financial District

6:00 am on August 19, 2015 By Reid Wilson

Last month, YIMBY brought you news of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street/26 Ann Street, in the Financial District, and now crews are prepping the existing three-story building for demolition, courtesy of a YIMBY reader. Retail space will be located on the first three floors in the 88,447 square-foot building, and SLCE Architects is the architect of record. The new building’s design has not yet been revealed.

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

6:00 am on August 18, 2015 By Reid Wilson

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.

Two World Trade Center, image from Silverstein Properties

Three World Trade Center Gets Height Cut, Will Stand 1,079 Feet Tall

8:00 am on August 12, 2015 By Nikolai Fedak

Last week, YIMBY posted an update on construction at 175 Greenwich Street, aka Three World Trade Center, as the tower reached its halfway point, having risen 41/80 stories. Now we have new information that the building has in fact seen a height reduction from the previous version, dropping from 1,168 feet down to 1,079 feet, and we also have two new renderings of the podium.

Residential Plans Explored For 20 Broad Street, 27-Story Office Building In The Financial District

2:00 pm on August 11, 2015 By Reid Wilson

Vornado Realty Trust is exploring the idea of converting the 27-story, 473,000 square-foot office building at 20 Broad Street, in the Financial District, into residential units, according to Crain’s. Vornado may decide to keep the building as office space, but could also purchase and demolish the building once New York Stock Exchange vacates the building next year; their lease of 381,000 square feet expires in August. Currently, Vornado ground-leases the property.

Crown Acquisitions Purchases Retail Property At 144 Fulton Street, Financial District

6:30 am on August 11, 2015 By Reid Wilson

Crown Acquisitions has purchased the three-story retail building at 144 Fulton Street, in the Financial District, for $25 million, according to New York Daily News. Plans for the property have not been disclosed, but the site is primed for redevelopment, and has some of the best transit access in New York, directly adjacent to the Fulton Center and just two blocks from the WTC Transit Hub.

80 South Street Assemblage Acquired For $390 Million By Chinese Developer, Financial District

3:00 pm on August 7, 2015 By Reid Wilson

A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.

Construction Update: 175 Greenwich Street aka Three World Trade Center Reaches Halfway Point

8:00 am on August 7, 2015 By Nikolai Fedak

The last time we checked on Silverstein’s 175 Greenwich Street (aka Three World Trade Center), work had resumed, and the core had just begun rising again. Now, five months later, the future supertall has just passed the halfway point in its rise. A project insider has sent along several photos, as well as a few snippets of information, including word that the structure is up to the 41st floor (out of 80 total).

Madison Equities In Contract For Development Site At 45 Broad Street, Financial District

6:00 am on August 4, 2015 By Reid Wilson

In January of 2014, YIMBY brought you news that 45 Broad Street, in the Financial District, was placed on the market. Now the property is in contract, and Madison Equities, partnering with AMS Acquisitions, is the buyer. The price — expected to be north of $100 million — has not been disclosed. The site has 265,000 square feet of development rights, and a 62-story Nobu Hotel was planned prior to the 2008 financial crisis.

Demolition Making Rapid Progress at 68-74 Trinity Place, Financial District

8:00 am on July 27, 2015 By Nikolai Fedak

The Financial District’s rapid transformation from an office to a residential neighborhood has been immensely beneficial to Lower Manhattan, and the area’s recent boom has been mostly free of architectural casualties. But that’s about to change thanks to demolition beginning on the old vestry at 68-74 Trinity Place, which will soon be removed to make way for a new Pelli Clarke Pelli-designed mixed-use building standing almost 500 feet tall.

1 Beekman Street, aka 33-34 Park Place, image via Google Maps1 Beekman Street, aka 33-34 Park Place, image via Google Maps

Permits Filed: 25-Story Condo Building Planned at 1 Beekman Street

1:30 pm on July 22, 2015 By Rebecca Baird-Remba

Last year, Chinatown-based developer Urban Muse snapped up one of the last major development sites near City Hall, 1 Beekman Street, for $52 million. Now SLCE Architects has filed plans for a 25-story residential tower on the site, also known as 33-34 Park Row.

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Financial District

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