Downtown

89 Avenue D

Developer Moves Forward With 12-Story, 108-Unit Mixed-Use Project At 89 Avenue D, East Village

In the beginning of 2015, YIMBY reported on filings for a 12-story, 108-unit mixed-use building at 79-89 Avenue D, in the Alphabet City section of the East Village, and now DNAinfo reports the development is moving forward. Earlier this month, Rite Aid was the final tenant to move out of the property assemblage, and within the past few days, L+M Development Partners filed demolition permits to raze the single-story retail buildings. The project will include 22 affordable residential units as well as 7,693 square feet of ground-floor retail. Also, all the residential units will be rentals and should average 821 square feet apiece. GF55 Partners is the architect of record.


11 Howard Street

14-Story, 221-Key Hotel Renovation At 11 Howard Street To Be Delivered This Spring, SoHo

Aby Rosen’s RFR Realty is planning to open their newly renovated, 221-key boutique hotel at 11 Howard Street, in SoHo, this March. According to the Wall Street Journal, the developer has partnered with several nonprofit groups, including Global Poverty Project and Conscious Commerce, and will give away a percentage of revenue earned from each booking to the charities. The 14-story building will also have a restaurant on the ground floor headed by French chef Stephen Starr. Beyer Blinder Belle is the architect of record, and Walter Radtke’s MGA Architecture headed the design of the restaurant, per filings.


70 Vestry Street

Updated Look At 14-Story, 46-Unit Residential Project At 70 Vestry Street, TriBeCa

Last summer, YIMBY revealed the first rendering of Related Companies’ planned 14-story, 46-unit residential project at 70 Vestry Street, in TriBeCa. Changes have since been made to the design, and Curbed NY was the first to publish an updated image of part of the exterior, which will be clad in French limestone. Robert A.M. Stern Architects is designing, with Ismael Leyva Architects serving as the architect of record, and Daniel Romualdez responsible for the interiors. Last September, the developer secured $200 million in construction loans, and completion of the 154,019 square-foot project is expected in early 2018.



Historical image of 346 Broadway

Loan Secured For 13-Story, 151-Unit Condo Conversion At 346 Broadway, TriBeCa

YIMBY detailed in November of 2014 the initial Landmarks Preservation Commission (LPC) hearing on the residential conversion of the former New York Life Insurance Company building at 346 Broadway (a.k.a. 108 Leonard Street), in Tribeca. The 13-story, 427,000 square-foot building is an individual and interior landmark, and is listed on the U.S. National Register of Historic Places. A month after the hearing, the LPC approved the changes that would including making the structure’s clock tower part of a penthouse and for the clock to run electronically, the WSJ reported. Last week, according to Commercial Observer, the Peebles Organization and Elad Group landed a $334 million construction loan for the project, which would convert the former office building into 151 condominium units. Additionally, a community facility and retail space will measure 7,210 and 2,200 square feet, respectively. Beyer Blinder Belle is designing the conversion.


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