Downtown

On-site rendering of 118 Fulton Street. Captured by Robert Walpole

Foundation Work Underway for 49-Story, 483-Unit Mixed-Use Tower at 118 Fulton Street, Financial District

Foundation work is well underway, now that concrete has been poured, for the planned 49-story, 483-unit mixed-use tower under development at 118 Fulton Street, in the Financial District. The construction progress can be seen thanks to a photo posted to the YIMBY Forums. The new building will eventually encompass 510,928 square feet and stand 574 feet above street level, as YIMBY reported back in July, when an updated rendering was revealed. There will be 5,366 square feet of commercial-retail space across the ground and second floors. The residential units, rental apartments, should average 975 square feet apiece, and will be accompanied by a slew of amenities. Carmel Partners is the developer and SLCE Architects is the architect of record. Completion can probably be expected in 2018.

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298 East 2nd Street

Eight-Story, Seven-Unit Residential Project Filed at 298 East 2nd Street, East Village

The Lee Properties Group has filed applications for an eight-story, seven-unit residential building at 298 East 2nd Street, in the Alphabet City section of the East Village. It will measure 14,832 square feet and its residential units should average 1,967 square feet apiece, indicative of condominiums. There will be a duplex apartment across the ground and second floors, followed by full-floor apartments on the third through eighth floors. Storage space for four bikes will be located on the ground floor. Hudson Square-based Zakrzewski + Hyde Architects is the architect of record. The 25-foot-wide, 2,649-square-foot property traded for $7.03 million in October of 2015, after being placed on the market for $8.5 million in 2014. A single-story warehouse must first be demolished. Permits were filed to raze the structure in April.

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36-40 West 10th Street

Three Townhouses at 36-40 West 10th Street to Be Transformed Into Single-Family Mansion, Greenwich Village

Media billionaire Sean Parker, of Naptster fame, has acquired, for an undisclosed amount, the five-story townhouse at 36 West 10th Street, in Greenwich Village. Parker also currently owns the five-story townhouse at 38 West 10th Street and the three-story townhouse at 40 West 10th Street. He plans to combine the three properties into a single-family mansion, the New York Post reported. The townhouse in the latest acquisition is currently under renovation and was set to be marketed for roughly $22 million. The assemblage is located within the Greenwich Village Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.

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703 Washington Street, image via Google Maps

Permits Filed: 703 Washington Street, West Village

A pair of condo buildings is set to replace two stories of retail and office space on a sleepy residential block in the West Village. New building applications were filed over the weekend to erect two connected six-story buildings at 703 Washington Street, on the corner of Perry Street and a block east of the West Side Highway.

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115 Delancey Street

Foundation Work Complete for Essex Crossing’s 25-Story, 195-Unit Mixed-Use Tower, 115 Delancey Street, Lower East Side

Foundation work appears to be complete for the 25-story, 195-unit mixed-use building being developed as part of the Essex Crossing mega-development, at 115 Delancey Street, on the Lower East Side. A tower crane was also installed at the site, the Lo-Down reported, which means vertical growth is imminent. The latest building permits indicate the structure will encompass 498,688 square feet and stand 285 feet above street level. The building will have 139,493 square feet of commercial-retail space – in addition to bel0w-grade space that isn’t counted in documents — spread across the cellar through fourth floors. The cellar level, the ground floor, and mezzanine levels will contain retailers, including the new home of the Essex Street Market. This portion will form a third of the Market-Line, a bi-level, 150,000-square-foot retail complex that will connect below-grade to two other buildings in the Essex Crossing development.

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