Downtown

Renovation and Expansion Work Progresses on 125 Barclay Street in Tribeca, Manhattan

Expansion and and renovation work is progressing on 125 Barclay Street, an 11-story commercial building in Tribeca. Originally constructed in 1932 as the World Telegram Building, the 280,000-square-foot structure is undergoing an overhaul that involves the replacement of its brick envelope with a modern glass curtain wall, the full gutting of the interiors and restoration of the terracotta flooring, and the construction of an 11th story above the current parapet.

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Preliminary rendering of 111 Washington Street, formerly 8 Carlisle Street

Excavation Continues for 64-Story Skyscraper at 111 Washington Street in Financial District, Manhattan

Excavation is continuing at 111 Washington Street, the site of a 64-story residential skyscraper in the heart of Manhattan’s Financial District. Designed by Handel Architects and developed by Carlisle New York Apartments and Grubb Properties, which closed on a $48 million loan for the project over the summer, the 712-foot-tall structure will yield 326,221 square feet with 462 residential units, 7,000 square feet of commercial space, and a 60-foot-long rear yard. Consigli Construction is the general contractor for the property, which is alternately addressed as 8 Carlisle Street and located at the corner of Washington and Carlisle Streets.

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Condominium Conversion Begins at 118 West 13th Street in Greenwich Village, Manhattan

Work is underway on 118 West 13th Street, a seven-story residential conversion in Manhattan’s Greenwich Village Historic District. Designed by BKSK Architects and developed by Slate Property Group, which acquired the property for $22.85 million and is partnering with private equity firm Avenue Realty Capital, the project will create eight condominium units spread across 34,000 square feet. The structure was originally built in 1931 and formerly served as the 175-room Eugene Lang College dormitory for The New School, once touted as the most expensive college dorm in the United States. The project is located on an interior lot between Sixth and Seventh Avenues.

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1 Park Row Tops Out in Financial District, Manhattan

Construction has topped out on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across the southern tip of City Hall Park. Paris Forino is the interior designer and Ryan Serhant of SERHANT is leading sales and marketing.

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