Excavation work has begun on the site of a 17-unit residential development at 111 Leroy Street, located on the corner of Greenwich Street in the West Village. The project will consist of a 10-story, 12-unit mixed-use building at 111 Leroy Street, in addition to five single-family townhouses at 115-121 Leroy Street and 621 Greenwich Street.
Property Markets Group
Centered just below Central Park’s southern edge, super-slender supertall 111 West 57th Street will probably be iconic before it is even finished. Of course, that won’t be for a couple of years. However, some visible progress is being made at the construction site in Midtown.
Property Markets Group is in contract to purchase the vacant 166,000-square-foot property at 455-459 Smith Street, in Gowanus, for roughly $50 million, DNAinfo reported. The site – bound by Huntington Street to the south, Smith Street to the west, Fifth Street to the north, and the Gowanus Canal to the east – is zoned for manufacturing. It can support 332,000 square feet of commercial development as-of-right in the form of offices, hotels, retail, and manufacturing/industrial space. The eventual new owner is mulling the idea of building a mixed-use development with a hotel, offices, and retail space, although development plans are in very early stages. The site, once home the Citizens Manufactured Gas Plant, is currently undergoing a remediation headed by National Grid. The plant’s last warehouse structure was demolished years ago. The Smith-Ninth Streets stop on the F and G trains is located a block to the south.
One of the greatest single engineering challenges currently under construction in New York City has risen above ground. That project is the supertall mixed-use residential tower 111 West 57th Street, located just west of Sixth Avenue in Midtown, and we can see the construction progress on the Billionaires’ Row building thanks to several photos posted by YIMBY Forums users.