Last month, a pair of single-family conversions in the West Village came before the Landmarks Preservation Commission. The commission approved the first with relative ease, but asked the second proposal to return for another hearing last Tuesday, when it received a seal of approval.
Taconic Investment Partners, TH Real Estate, and Squire Investments have acquired, for $109 million, the 14-story, 114,000-square-foot commercial building at 817 Broadway, located on the corner of East 12th Street in Greenwich Village. The new owners plan to let the leases of existing office and retail tenants expire so that a top-down renovation can begin, Real Estate Weekly reported. The building would get a redesigned lobby, a complete façade restoration, renovated retail and office space, and upgraded mechanical infrastructure. A construction timeline has not been disclosed. A $102 million acquisition and construction loan has already been secured.
Construction is now 10 stories above street level on the 33-story, 271-key AC Hotel, a Marriott brand, under development at 151 Maiden Lane, located on the corner of Front Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the structure will measure 139,891 square feet and stand 336 feet to its pinnacle at the top of the bulkhead. Retail space will occupy some of the ground floor and hotel rooms will be located on the third through 30th floors. LCRE Group is the developer and Pizzarotti-IBC is building the project. Peter F. Poon’s SoHo-based architecture firm is the architect. Completion is expected in the summer of 2017.
A commercial building in SoHo is on its way to finding itself bigger than ever. On Tuesday, the Landmarks Preservation Commission approved restoration work and vertical additions to two-story-tall 558 Broadway.
Construction is now occurring above ground level on the 63-story, 483-unit mixed-use tower under development at 118 Fulton Street, located on the corner of Dutch Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed 19 Dutch, will encompass 595,140 square feet and rise 758 feet above street level. That’s a significant height increase from the summer, when a 49-story tower was planned.
