Downtown

Street view of 277 Canal Street - Courtesy of Loopnet

First Proposed Housing Development Following Soho/NoHo Rezoning Revealed for 277 Canal Street in Manhattan

7:30 am on February 8, 2023 By Sebastian Morris

United American Land has revealed plans to construct a new mixed-used property at 277 Canal Street, the first project to be announced following passage of a controversial neighborhood rezoning of more than 55 city blocks across Soho and NoHo. Designed by Morris Adjmi Architects, the proposed building will top out at 13 stories and comprise a mix of market-rate rentals, affordable housing units, and retail on the lower levels. The property is located at the convergence of Soho and Chinatown on the northeast corner of Canal Street and Broadway, and currently houses a bank, a gym, and several small-box retail businesses.

125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

8:00 am on February 7, 2023 By Michael Young

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

Anish Kapoor’s Bean Sculpture Unveiled at 56 Leonard Street in Tribeca, Manhattan

8:00 am on February 5, 2023 By Michael Young

Work is finally finished on Anish Kapoor’s mirrored bean sculpture at the base of 56 Leonard Street, an 831-foot-tall residential skyscraper in Tribeca. The 19-foot-tall, 48-foot-long amorphous artwork was unveiled last week beside the main lobby and ground-floor retail space of the 57-story reinforced concrete tower, which was designed by Herzog & de Meuron and Hill West Architects for Alexico Grpup and opened in 2017. Performance Structures was the fabricator for Kapoor’s 40-ton permanent installation, located at the corner of Leonard and Church Streets.

John A. Paulson Center Completes Construction at 181 Mercer Street in Greenwich Village, Manhattan

7:30 am on January 30, 2023 By Michael Young

Construction is complete on the John A. Paulson Center, a 23-story academic building for New York University at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot structure is the largest expansion in the history of the campus and consists of three glass-clad towers rising from a podium spanning a full city block. Permasteelisa engineered and manufactured the facade, and Turner Construction Company was the contractor for the $1.2 billion project, which is bound by Bleecker Street to the north, Houston Street to the south, Mercer Street to the east, and I.M. Pei’s University Village complex to the west.

Rendering of the rooftop pool and sundeck at The Suffolk - Courtesy of The Gotham Organization

Amenities Revealed for The Suffolk at 55 Suffolk Street on Manhattan’s Lower East Side

7:30 am on January 25, 2023 By Sebastian Morris

The Gotham Organization has revealed new renderings of the amenity spaces at The Suffolk, a 378-unit residential tower at 55 Suffolk Street on Manhattan’s Lower East Side. Designed by Dattner Architects and JG Neukomm Architecture, the 30-story tower comprises 330,000 square feet and is a major component of the developer’s Broome Street Development.

Affordable Housing Lottery Launches for 282 Grand Street on Manhattan’s Lower East Side

6:30 am on January 25, 2023 By Vanessa Londono

The affordable housing lottery has launched for 282 Grand Street, a seven-story residential building on the Lower East Side of Manhattan. Designed by DeFonseca Architects and developed by Prosper Property Group, the structure yields 25 residences. Available on NYC Housing Connect are eight units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $54,755 to $156,130.

Demolition Underway at 14 Gay Street in Greenwich Village, Manhattan

7:30 am on January 22, 2023 By Michael Young

Demolition is progressing on 14 Gay Street, a landmarked three-story residential building in Greenwich Village, Manhattan. Located in the Greenwich Village Historic District, the 196-year-old structure was deemed at risk of imminent collapse by the city and was ordered to be immediately demolished. The current owner, Nazarian Property Group under the 14 Gay Street LLC, also owns the adjacent 16 Gay Street to the north and purchased both buildings along with three other nearby sites for around $12 million last April. Howard I. Shapiro & Associates is listed as the applicant of record for demolition permits that were recently filed for the property, which is located between Waverly Place and Christopher Street.

Capital Improvement Program Revealed for 60 Broad Street in Manhattan’s Financial District

7:30 am on January 20, 2023 By Sebastian Morris

Piedmont Office Realty Trust has revealed an extensive capital improvement program at 60 Broad Street, a 38-story mid-century office tower in Manhattan’s Financial District. Designed by Morris Adjmi Architects, a tenant at the building, the overhaul will create a new building entryway, a renovated lobby, modernized elevator cabs, and new amenity spaces. The property is bound by Beaver Street to the south, Broad Street to the east, and New Street to the west.

Rendering of CompletePlayground at 30 Broad Street in Financial District, Manhattan

Underground Family Activity Center to Debut at 30 Broad Street in Financial District, Manhattan

7:00 am on January 16, 2023 By Sebastian Morris

CompletePlayground, a new nonprofit organization, will open its first family activity center at 30 Broad Street. The 40,000-square-foot underground playground is designed to accommodate children of all abilities, including those with special needs. The playground will occupy a portion of New York Sports Club’s former Financial District location.

76 Eighth Avenue Completes Construction in Greenwich Village, Manhattan

8:00 am on January 8, 2023 By Michael Young

Construction is complete on 76 Eighth Avenue, a ten-story commercial building in Greenwich Village. Designed by Gene Kaufman Architect and developed by Sang Lee, Noviprop, and Plus Development, the 120-foot-tall structure yields 30,000 square feet of office space and ground-floor retail. RAAD Studios designed the lobby and Plus Design Studios designed the interiors of the building, which is located at the corner of Eighth Avenue and West 14th Street, straddling the intersection of the Meatpacking District and Chelsea.

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