Downtown


Rendering of 141 East Houston Street

$90M Office Building to Replace Sunshine Cinema on Lower East Side

Sunshine Cinema in the Lower East Side will soon be demolished to make room for a nine-story office building. Developers East End Capital and K Property Group have secured some $90 million in financing to fulfill their proposal at 141 East Houston Street. According to Crain’s Business, the development partners obtained a $67 million construction loan from CapitalSource and $19 million of mezzanine financing from Canyon Partners.

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Steel Facade of No. 33 Park Row, Begins to Rise in The Financial District

Work on One Beekman Street, aka “Pearl on the Park,” is another step closer to completion, as the dark-colored steel frame that will sit in between the floor-to-ceiling windows has begun to go up. This will accentuate the upcoming 25-story apartment building and lend it a more distinctive and detailed appearance. The project is being designed by Rogers Stirk Harbour + Partners while Urban Muse is the developer. There will be 31 units inside the 331-foot-tall tower with views overlooking City Hall Park. This will be Richard Rogers’ first residential project in New York City.

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