Downtown

172 Duane Park. Rendering courtesy of Elevated Advisement.

172 Duane Park Nears Completion at 172 Duane Street in Tribeca, Manhattan

Construction is nearing completion on 172 Duane Park, a multi-story townhouse expansion at 172 Duane Street in Tribeca, Manhattan. Developed by owner Anthony Coll, who borrowed $14.5 million from Castellan Capital, the project involves a four-story addition atop an existing two-story structure and will span more than 20,000 square feet. The building will contain two units and will feature a private rooftop terrace, as well as an apparel and display studio, according to 2023 permits. The property is located between Greenwich and Hudson Streets, directly across from Duane Park.

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50 Hudson Street. Photo by Michael Young.

50 Hudson Street Completes Vertical Expansion in Tribeca, Manhattan

Construction is complete on 50 Hudson Street, a five-story mixed-use commercial building in Tribeca, Manhattan. Designed by Thierry Despont and developed under the 50 Hudson LLC, the project involved the construction of a two-story expansion above an existing three-story building, bringing its floor area to 26,500 square feet. Peter Shinoda of of Jacobson/Shinoda Architects PC served as the executive architect of record and Jacqueline Peu-Duvallion served as the historic preservation consultant for the property, which is located at the southeast corner of Hudson and Thomas Streets.

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Housing Lottery Launches for 1 Gouverneur Lane in Manhattan’s Financial District

The affordable housing lottery has launched for 1 Gouverneur Lane, a 26-story office-to-residential conversion in the Financial District, Manhattan. Developed by the Vanbarton Group with design by CetraRuddy Architecture, the structure will yield 647 residences upon its completion in 2027. Available on NYC Housing Connect are 162 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $40,526 to $152,700.

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