Downtown

JDS Development’s Supertall 247 Cherry Street Gets Green Light After City Planning Approval On The Lower East Side

Earlier this month, the City Planning Commission approved proposals for four new skyscrapers coming to the Two Bridges section of the Lower East Side. The tallest of the bunch will be 247 Cherry Street, adjacent to the site of Extell’s One Manhattan Square. The upcoming 1,008-foot-tall residential skyscraper will be designed by SHoP Architects and developed by JDS Development, and is the 11th tallest tower underway in the Five Boroughs. This supertall is the only project on YIMBY’s end-of-year list where site work has not yet begun, although with City Planning approval now secured, that is hopefully a matter of imminency.

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Google’s Billion-Dollar New York Campus Expansion Lands in Hudson Square, Manhattan

In a surprise announcement, Google has confirmed an initiative to expand its existing footprint in New York City. That expansion translates to a $1 Billion investment in Manhattan’s Hudson Square neighborhood. Officially known as Google Hudson Square, the 1.7 million square foot campus will occupy both 345 and 315 Hudson Street, as well as St. John’s Terminal located at 550 Washington Street.

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The World Trade Center’s Perelman Performing Arts Center Receives $89 Million in Funding

Last week, The Perelman Center received $89 million in funding for the construction of the future Performing Arts Center at the World Trade Center. The funds came from the Lower Manhattan Development Corporation (LMDC), and the U.S. Department of Housing and Urban Development (HUD), and up the total amount of construction costs now covered to 82 percent. The building will be designed by REX Architecture, and will rise 138 feet tall. The inside will be constructed with a steel structural system. It will hold multiple theaters and performance spaces within, while the exterior will be faced in a signature marble envelope on all four sides.

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125 Greenwich Street Closing In On Final Floors Above The Financial District

125 Greenwich Street shot up with great speed in 2018, and is the 16th-tallest skyscraper under construction in New York City. Now, it has only a few floors remaining before its 912-foot pinnacle is reached above the Financial District. The 88-story tower is being designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, while the marketing of the 273 residential units is being handled by Douglas Elliman. Interiors are being designed by March & White.

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