The affordable housing lottery has launched for 61-63 Pitt Street, a 12-story residential building on the Lower East Side of Manhattan. Designed by Frank J. Quatela Architects and developed by Paul Stallings of 6 Strong Realty LLC, the structure yields 59 residences. Available on NYC Housing Connect are 18 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $45,258 to $187,330.
Work is progressing on the $100 million renovation of 111 Wall Street, a 25-story commercial building in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the project involves the replacement of the structure’s 1960s envelope with a modern glass curtain wall and a complete overhaul of the interiors, which will yield 1.5 million square feet of Class A office space, new infrastructure, an expanded lobby, and amenities designed by URBN Playground. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast.
Façade installation is wrapping up on the Ronald O. Perelman Performing Arts Center, a 138-foot-tall performance venue in the World Trade Center complex in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the cubic steel-framed structure stands between Skidmore Owings & Merrill‘s One World Trade Center to the west, Vesey Street to the north, Fulton Street to the south, and Greenwich Street to the east.
Construction is rising on 15 Beekman Street, Pace University’s new 27-story expansion in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, a library, and a learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and is located at the corner of Beekman and Nassau Streets.
Permits have been filed for the conversion of a four-story commercial building into a 14-story mixed-use building at 75 Essex Street on Manhattan’s Lower East Side. Located between Delancey Street and Broome Street, the lot is one block south of the Delancey Street-Essex Street subway station, serviced by the F, M, J, and Z trains. Nechemia Weinberger of Soft Stone Development Group is listed as the owner behind the applications.