The Financial District hasn’t fully transformed into a residential neighborhood just yet, but each year it seems to be getting closer. Today, YIMBY has the reveal for another new development coming to the area, at 1 Beekman Street, thanks to eagle-eyed forum poster Rich Brome. The building is being designed by Rogers Stirk Harbour + Partners and developed by Urban Muse.
In September of 2015, Stellar Management acquired, for $12 million, the two-story, 7,500-square-foot commercial building at 130 Second Avenue. That’s located on the corner of St. Marks Place in the East Village. It has now been revealed that Stellar will renovate the existing building, formerly occupied by a Chase bank branch. It will become the headquarters of the currently TriBeCa-based non-profit art organization Swiss Institute, Curbed NY reported. Besides upgraded office space, new elements will include event spaces, a library, a bookstore, and a rooftop terrace. Selldorf Architects is designing the renovation and completion is expected in 2017.
Construction is now two stories above street level on the seven-story, 106-unit mixed-use building under development at 500 East 14th Street, on the corner of Avenue A in the East Village. The progress can be seen in a Curbed NY report. The entire project, which will include another seven-story, 54-unit component at 524 East 14th Street, will encompass 253,432 square feet, per the latest building permits. There will be 56,610 square feet of retail space on the ground and cellar levels between the two buildings. Over the summer, Target leased 42,367 square feet of space in the larger one. The residential units will be condominiums and should average 1,215 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.
Construction has reached the 15th floor on the 80-story, 815-unit mixed-use tower under development at 252 South Street, in the Two Bridges section of the Lower East Side. The latest construction progress can be seen thanks to photos taken by Tectonic and posted to the YIMBY Forums. The most recent building permits indicate the tower, dubbed One Manhattan Square, will eventually rise 823 feet to its pinnacle and encompass 1,261,612 square feet. The ground floor will contain 23,167 square feet of retail space. The residential units, condominiums, will begin on the fifth floor. The apartments will come in one- to three-bedroom configurations and should average 1,364 square feet apiece. A separate 13-story, 205-unit component will contain exclusively affordable rental units. Extell Development Company is the developer and Adamson Associates Architects is behind the design. Completion is expected in 2019.
The Lightstone Group is pushing forward with plans to knock down five tenement buildings in the East Village and replace them with a hotel that caters to millennials. The controversial developer filed applications last Friday for a 13-story hotel at 112 East 11th Street, between Third and Fourth avenues.
