Downtown

2 World Trade Center Remains On Hold in Financial District, Manhattan

Next on our Turkey Week rundown of stalled New York projects is 2 World Trade Center, a 1,230-foot commercial supertall skyscraper that remains on hold in Manhattan’s Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 62-story structure is the final component of the 16-acre World Trade Center complex and is slated to yield 2.2 million square feet of office space. The full-block property is bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.

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45 Park Place Continues to Languish Unfinished in Tribeca, Manhattan

Continuing our Turkey Week rundown of notorious stalled projects in New York is 45 Park Place, a 43-story residential skyscraper in Tribeca, Manhattan. Designed by SOMA Architects and Ismael Leyva Architects and developed by Sharif el-Gamal of Soho Properties, the 667-foot-tall structure was slated to yield 50 condominium units. The property is located between Church Street and West Broadway.

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Seaport Residences at 161 Maiden Lane. Designed by Hill West Architects.

Seaport Residences Remains Unfinished and Leaning at 161 Maiden Lane in Financial District, Manhattan

Kicking off our annual Turkey Week rundown of infamous stalled projects in New York is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane in Lower Manhattan’s Financial District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower was planned to span 200,000 square feet and yield 80 condominium units. The property, originally dubbed One Seaport, occupies a narrow rectangular lot bounded by South Street and Maiden Lane, directly across from FDR Drive and the East River.

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65 Franklin Street. Redesgined by COOKFOX Architects.

Updated Design Revealed for 65 Franklin Street in Tribeca, Manhattan

An updated design has been revealed for 65 Franklin Street, a planned 28-story residential building in Tribeca, Manhattan. Designed by COOKFOX Architects, with Hamish Whitefield Architects having filed for foundation work, and developed by Rabsky Group, the 235-foot-tall structure will span 214,000 square feet and yield 89 condominium units. The project will also include ground-floor retail space. The property is alternately addressed as 360 Broadway and located at the southeast corner of Franklin Street and Broadway.

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Aerial view of 32 Avenue of the Americas - Rudin Management Company.

$425 Million Loan Secured For 32 Avenue Of The Americas In Tribeca, Manhattan

Rudin Management Company has secured a multi-year extension on its $425 million CMBS loan for 32 Avenue of the Americas, a 27-story Art Deco tower in Tribeca, Manhattan. The extension allows for a maturity date of November 2029, contingent upon the exercise of two one-year renewal options in 2027 and 2028. As part of the agreement, Rudin will launch $100 million in capital improvements and leasing initiatives aimed at modernizing and enhancing the property, which is located between Lispenard and Walker Streets.

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