Work is nearing completion on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 21st century overhaul is expected to cost around $1.5 billion, transforming the 90-year-old, 564-foot-tall Art Deco skyscraper with a multi-story addition designed by SLCE Architects as well as a 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The Financial District property will yield 566 new units with sales handled and marketed by Compass.
The Town of Mount Pleasant recently approved a financial incentives package to facilitate the completion of a new residential property at 500 Commerce Street. The project site is located in Hawthorne, New York, a small hamlet associated within Mount Pleasant and the surrounding Westchester County.
YIMBY attended a topping-out celebration yesterday afternoon at Olympia, a 26-story mixed-use residential edifice at 30 Front Street in DUMBO, Brooklyn. Developed by Fortis Property Group and designed by Hill West Architects with Workstead handling interiors, the 401-foot-tall tower is the tallest structure in the neighborhood and will yield 76 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the Eklund Gomes Team at Douglas Elliman and Karen Heyman at Sotheby’s. Olympia is situated on a relatively narrow triangular plot bound by Front Street to the north, Washington Street to the east, and York Street to the south. Urban Atelier Group is managing construction, Manhattan Concrete is creating the reinforced concrete superstructure, and King Contacting Group is in charge of the CMU work, exterior insulation finish systems, and roofing.
Construction has quickly risen past the halfway mark on 3041 Broadway, a 42-story mixed-use tower designed by Robert A. M. Stern Architects in Morningside Heights. Alternately addressed as 100 Claremont Avenue, the project is being developed by L&M Development Partners and Lendlease with SLCE Architects as the architect of record, and will yield 350,000 square feet with condominiums as well as institutional offices, faculty housing, and classrooms for the Union Theological Seminary. Beyer Blinder Belle is handling the renovations of Union Theological Seminary’s Hastings Hall, where students reside. The property is located by the corner of Claremont Avenue and West 122nd Street, directly across from Riverside Church, and the tower is being constructed with the use of air rights from the seminary.
Excavation has begun at 27-19 Thomson Avenue, the site of a ten-story, 30-unit building in Long Island City, Queens. Designed by Thomson Development LLC with Warner Construction Services Inc. handling construction, the 28,051-square-foot property will yield 23,012 square feet of residential space and 5,039 square feet of lower-level retail. The 116-foot-tall structure will rise from a 3,600-square-foot plot bound by Thomson Avenue to the south and 44th Drive to the northeast that was purchased for $6.85 million in 2018. Demolition of the site’s former low-rise occupant concluded in early 2019.