Downtown

Seven- And Six-Story Mixed-Use Projects Wrap Up Construction At 324-328 Grand Street, Lower East Side

11:00 am on February 22, 2016 By Reid Wilson

Back in the summer of 2013, construction restarted on the long-stalled seven-story, 20-unit mixed-use project at 324 Grand Street, on the Lower East Side, and now Bowery Boogie reports the building is finally nearing completion. It measures 38,808 square feet in total and includes 3,718 square feet of ground-floor retail space. The apartments above should average 685 square feet apiece, indicative of rentals. James Cheng’s Flushing-based Urban Architectural Design is the architect of record, and George Lee, doing business as an anonymous Flushing-based LLC, is the developer. Construction has also since wrapped up on the six-story, five-unit mixed-use building at 328 Grand Street. That building measures 10,935 square feet and includes 1,269 square feet of ground-floor retail. The full-floor units above will be condos and average 1,084 square feet each. CTM Properties developed the property and Lam & Lam Engineering is the architect of record. Occupancy for both projects is probable over the next few months.

363 Lafayette Street, image via Google Maps

Ironstate Plans an Office Building at 363 Lafayette Street in NoHo

7:00 am on February 19, 2016 By Rebecca Baird-Remba

Ironstate shelled out $150 million last year for a 49-year lease at 363 Lafayette Street in NoHo, right in the heart of New York University’s territory. Now, they’re planning a nine-story office building on the site between Great Jones and Bond streets.

Landscape Renovations Underway At NYU’s Bleecker Street, LaGuardia Place Plazas, Greenwich Village

6:30 am on February 19, 2016 By Vitali Ogorodnikov

New York University’s 1.6-million-square-foot expansion looms on the horizon, in anticipation of its distant 2035 completion. However, well ahead of any significant redevelopment, a smaller overhaul of street-adjacent community space is already underway. NYU is collaborating with the NYC Department of Parks and Recreation to upgrade two linear, street-facing plazas at LaGuardia Place and Bleecker Street.

Former Allen Street Bathroom Facility Could Be Converted To Food Concession, Lower East Side

1:00 pm on February 17, 2016 By Reid Wilson

The city is expecting to launch a Request for Proposals (RFP) this March to redevelop the long-vacant Allen Street pedestrian mall (public bathroom), located at Delancey Street on the Lower East Side, into a food concession facility. The Low-Down reports the city’s Parks Department is hoping a restaurant operator will lead renovation on the single-story structure, although already $2 million has been raised for the project. Other considerations for the building include community facility space, a library, a visitor’s center, or a return to the facility’s original use of bathrooms. The Lower Manhattan Development Corp. is also invested in the project.

Proposed condition at 67 Greenwich Street with 77 Greenwich Street/42 Trinity Place to the left.

Landmarks Requires Rethink of Cantilevered Mixed-Use Tower at 77 Greenwich Street

8:00 am on February 17, 2016 By Evan Bindelglass

The proposed 500-foot-tall mixed-use building at 77 Greenwich Street (a.k.a. 42 Trinity Place) suffered a setback on Tuesday. The Landmarks Preservation Commission did not vote to approve its proposed cantilevered portions.

City Selects Team To Design Lower Manhattan Section Of Flood Protection System

6:00 am on February 16, 2016 By Reid Wilson

In the wake of Superstorm Sandy in 2012 and the realization of rising sea levels, YIMBY, in 2013 and 2014, wrote on “Seaport City,” which was the Bloomberg administration’s ambitious proposal to mitigate flood waters in Lower Manhattan. But the city’s Economic Development Corporation is moving forward with another, less expensive plan, once dubbed the Big U and later the Dryline. The latest news concerns transforming the current shoreline from Harrison Street, in TriBeCa, to Montgomery Street, on the Lower East Side. This section would measure roughly 3.5 miles, and last week the city selected AECOM, who leads ONE Architecture and Bjarke Ingles Group (BIG), and Dewberry to officially design and engineer it, Crain’s reports.

80-Story, 815-Unit Condominium Tower Rises Above Street Level At 252 South Street, Lower East Side

4:00 pm on February 12, 2016 By Reid Wilson

In October, complete renderings were revealed of Extell Development’s 80-story, 815-unit condominium tower at 252 South Street, in the Two Bridges section of the Lower East Side. At the time, foundation work was the main focus, but now the core of the tower is beginning to rise and is above street level, Bowery Boogie reports. The project is dubbed One Manhattan Square and being designed by Adam Associates. It will include 90,000 square feet of amenity space in total and a separate 13-story, 205-unit affordable residential building. There will also be roughly 20,000 square feet of retail space. Completion is expected in 2019.

11 Jane Street in 2014, photo by Christopher Bride for PropertyShark

Condos Set to Replace Garage at 11 Jane Street in West Village

4:00 pm on February 12, 2016 By Rebecca Baird-Remba

At the end of 2014, developer Edward Minskoff picked up a two-story parking garage at 11 Jane Street in the West Village for $26 million. Now he’s filed plans to erect a six-story condo building on the site between Greenwich and Eighth Avenues.

Developer Successfully Assembles Air Rights For Supertall Mixed-Use Tower At 80 South Street

6:30 am on February 12, 2016 By Reid Wilson

This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.

Construction Wraps On Seven-Story, 41-Unit Hotel Project At 88 Allen Street, Lower East Side

6:30 am on February 11, 2016 By Reid Wilson

In the beginning of January 2015, YIMBY reported on applications for a seven-story, 41-key hotel at 88 Allen Street, on the Lower East Side, and now construction on the project is wrapping up. Bowery Boogie reports scaffolding has recently been removed from the structure, and it appears façade installation is nearing the finish line. The new building encompasses 20,200 square feet and hotel rooms should average 321 square feet apiece. There will also be an open rooftop bar on the seventh floor. Sun Sun Property Investment is the developer and AMA Architect is the architect of record. Opening can probably be expected in the next few months.

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