Downtown


290 Grand Street

Two-Story Multi-Use Commercial Conversion Finished At 290 Grand Street, Lower East Side

Back in November of 2015, the two-story building at 290 Grand Street, on the Lower East Side, was being converted into 4,288 square feet of commercial space by its owner Cheuk Fan Cheung. Bowery Boogie now reports that construction has finished and scaffolding is being removed from the structure. The building is practically unrecognizable, as a completely new façade was installed as well as future storefronts and windows. The commercial space will be split between retail and office space. There will be three ground-floor retail units, and the second floor and cellar spaces will be leased to non-medical office tenants. Jianxiong Wang’s JW Engineering Consulting is the applicant of record. Opening will likely happen soon.


10 South Street

New Developer Takes Over Four-Story Hotel Conversion Of Battery Maritime Building At 10 South Street, FiDi

Connecticut-based Stoneleigh Capital has reportedly signed a letter of intent with the New York City Economic Development Corporation to head the redevelopment of the four-story Battery Maritime Building, an individual landmark located at 10 South Street, in the Financial District. According to Politico New York, the new developer replaces the Dermot Company, who was selected in 2006 to transform the building into a hotel but never completed the project. The conversion is currently a little more than halfway complete. Once finished by the end of 2017, it will include a 60-plus-key boutique hotel, a restaurant and bar on the rooftop, and pubic space in the Grand Hall. Part of the building is still used to launch ferries to Governors Island. Rogers Partners originally designed the project, but when the project resumed after the last economic downturn it was subsequently re-designed for a new program by Ismael Leyva Architects, who also took the building through multiple agency approvals and finally into construction.


125 Greenwich Street

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

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160 Leroy Street

Excavation Kicks Off At 12-Story, 49-Unit Condo Project At 160 Leroy Street, West Village

Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.


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