Downtown

242 Broome Street

Foundation Work Underway for Essex Crossing’s 14-Story, 55-Unit Mixed-Use Building at 242 Broome Street, Lower East Side

Foundation work is now underway for the 14-story, 55-unit mixed-use building under development at 242 Broome Street (a.k.a. Site 1), located on the corner of Ludlow Street on the Lower East Side. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The latest building permits indicate the new building will encompass 180,646 square feet. There will be 40,326 square feet of commercial-retail space across portions of the cellar through third floors. A bowling ally operated by Splitsville Luxury Lanes is expected to lease a significant amount of space. In addition, there will be 17,735 square feet of community facility space on the second through fourth floors. The space was once reserved for the Andy Warhol Museum, but plans for it have fallen through.

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151 Maiden Lane

Foundation Work Complete at 33-Story, 271-Key Marriott Hotel, 151 Maiden Lane, Financial District

Foundation work is now complete for the 33-story, 271-key Marriott hotel under construction at 151 Maiden Lane, located on the corner of Front Street in the Financial District. The above photo is courtesy of the hotel’s developer, Pizzarotti-IBC. The latest building permits indicate it will encompass 139,891 square feet and stand 341 feet in height. Guest amenities will include a market on the ground floor associated with the hotel, storage for 11 bikes, a lounge, a fitness center, and a terrace on the sixth floor. The hotel rooms will be located on the third, fourth, and sixth through 30th floors. SoHo-based Peter Poon Architects is behind the design. Completion is expected in 2017. YIMBY previously revealed renderings of the project roughly a year ago.

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1 Wall Street

Whole Foods Market Leases 44,000 Square Feet at 1 Wall Street Conversion, Financial District

A Whole Foods Market will take up 44,000-square feet across the ground and second floors of 1 Wall Street, in the Financial District, Commercial Observer reported. The 50-story, 654-foot-tall office building – part of which is an individual landmark – is currently being converted into 155,000 square feet of commercial-retail space and 524 residential units. YIMBY reported on the Landmarks Preservation Commission’s approval of the planned alterations back in January and April. A rendering of the new store reveals that the Whole Foods will be located in the annex portion of 1 Wall Street. The annex portion is also being expanded at the top. Macklowe Properties is the developer. Robert A.M. Stern Architects and SLCE Architects are behind the architecture. The retailer is expected to open its doors in late 2018.

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