The worsening housing crisis within the Five Boroughs has been apparent to most residents for quite some time. And now, the Department of City Planning is taking notice. Today, YIMBY has the latest from an event held earlier this week for an Association for a Better New York (ABNY), where its first director affirmed the need to produce more housing, as both New York and its suburbs are failing in this capacity.
Permits have been filed for a seven-story residential building at 101 East 2nd Street, in the notoriously underdeveloped East Village of Manhattan. The site is seven blocks away from the Delancey-Essex Street subway station, serviced by the F, J, M, and Z trains. Sergey Rybak is behind the applications.
Five buildings have now been demolished at 75-83 Nassau Street, just a block away from the Fulton Street transportation hub in the center of the Financial District. The activity will make way for Lexin Capital’s proposed 40-story residential skyscraper designed by ODA. New building permits are still awaiting approval, but recent activity on site suggests increasing momentum toward actual construction.
Across from Piers 25 & 26, 388-390 Greenwich Street has stood for nearly 30 years as one of the tallest skyscrapers in Tribeca. Located just north of the Borough of Manhattan Community College, it is has been home to Citigroup’s New York headquarters since their repurchase of the building in 2016, after selling to SL Green for $1.6 billion back in 2007. The 39-story tower at 388 Greenwich Street sits connected to an adjacent nine-story building at 390 Greenwich Street, which Citigroup has also leased. Both components are in the midst of a major renovation of the lower exterior facades, led by Skidmore, Owings & Merrill, with interior architecture by Gensler.
After years of waiting, 45 Park Place is finally making a rapid ascent into the Lower Manhattan skyline. The skyscraper will soon rise 43 stories and 667 feet to its rooftop pinnacle, and is being developed by Sharif el-Gamal’s Soho Properties. Although substantially shorter than nearby towers like 30 Park Place, 56 Leonard Street, and 111 Murray Street, the 50-unit structure will still offer comprehensive views of Tribeca to the north, Brooklyn, the Manhattan Bridge, and City Hall to the east, and the World Trade Center, immediately to the south.