It’s up, up, and away for the new residential skyscraper at 23 Park Row, which is now visible from the 9/11 Memorial. The tower is being designed by COOKFOX Architects, and the developers are L&M Development Partners and the J&R Music Store founders, whose business formerly occupied the same site. The structure will soon rise 54 stories into the Lower Manhattan skyline, to a height of 702 feet. The lot sits in between 1 Beekman, aka “The Pearl on The Park,” which has now topped-off, and the 119-year old Park Row Building. The latter is about to be surpassed in height by its new neighbor, most likely by the beginning of August.
L&M Development Partners
Permits have been pre-filed for a 16-story mid-rise as part of a larger mega-development at 2926 West 19th Street, Coney Island, Brooklyn, which YIMBY first revealed back in January. The site is five blocks away from the Coney Island-Stillwell Avenue subway station, serviced by the D, F, N, and Q trains, and right across the street from a multi-purpose baseball ballpark.
Construction is moving along quickly for two new towers on City Hall Park. The park is one of just three major public outdoor areas in the Financial District, making any development around it particularly important. The buildings photographed for this article are 25 Park Row and 1 Beekman Street, which will add a combined 142 new condominiums and nearly 67,000 square feet of commercial space to the neighborhood.
Of all the developments currently under construction in New York City, none have been in the making for longer than Essex Crossing, which is rising on the site of several long-vacant lots on the Lower East Side. With the master-plan’s first new buildings just about fully complete, YIMBY sat down with Charles Bendit of Taconic, and asked the co-CEO ten questions about the New York City real estate market.
The last time YIMBY reported on progress at 23 Park Row, on the northern edge of the Financial District directly across from City Hall Park, excavation work had mostly wrapped, and foundation pouring had just begun. Four months later, concrete for the base of the soon-to-be 54-story tower has mostly wrapped, and formwork has breached street level, signaling the skyscraper’s rise is about to begin in earnest.