Downtown

Complete Models Revealed of 22-Story, 52-Unit Mixed-Use Tower Planned at 21 East 12th Street, Greenwich Village

6:30 am on May 27, 2016 By Reid Wilson

Back in March of 2016, YIMBY brought you the first renderings of the 22-story, 52-unit mixed-use building planned at 21 East 12th Street (a.k.a. 100 University Place), in Greenwich Village. Now, complete models of the building, crafted by Radii Inc., have been posted to the YIMBY Forums. The new tower will encompass 122,272 square feet. There will be 13,075 square feet of retail on the ground and cellar levels, in addition to 1,050 square feet of community facility space also on the street level. The residential units, which will be condominiums, should average 2,076 square feet apiece. Amenities include a parking garage in the sub-cellar, storage for 27 bikes, a fitness center, a lounge, and an outdoor terrace on the second floor. William Macklowe Company is the developer, while Annabelle Selldorf Architects is designing the building. SLCE Architects is serving as the architect of record. The site’s former four-story building was demolished earlier this year.

85,000 Square-Foot, 300-Key MOXY Hotel Planned At 112-120 East 11th Street, East Village

2:00 pm on May 25, 2016 By Reid Wilson

This morning, we had hotel news for you. Now, we have more. In April, Lightstone Group acquired, for $127 million, a six-building, 181-unit residential portfolio for that comprises of 112-120 East 11th Street and 85 East 10th Street, in the East Village. The developer is currently planning to build a 85,000-square-foot, roughly 300-key boutique hotel at 112-120 East 11th Street, according to The Real Deal. Marriott International’s MOXY Hotels will be the operator. The five-story buildings at 112-120 East 11th Street currently contain 75 residential units across five buildings and are expected to be demolished. The other six-story, 106-unit building at 85 East 10th Street will remain and is expected to be sold off. The April acquisition was financed with an $85 million loan. The five apartment buildings at 112-120 East 11th Street represented $52.1 million, while the six story property at 85 East 10th Street traded for $75.4 million.

The World Trade Center Transportation Hub, 3 World Trade Center, and 4 World Trade Center. Credit: Joe Woolhead

3 World Trade Center Reaches Supertall Territory

8:00 am on May 24, 2016 By Evan Bindelglass

The new World Trade Center is coming together. In March, the Santiago Calatrava-designed World Trade Center Transportation Hub opened. Liberty Park is due to open this summer. Now, we have news about one of the complex’s skyscrapers. 3 World Trade Center, located at 175 Greenwich Street, has reached supertall height.

64-Story, 1,115-Foot-Tall Mixed-Use Tower at 45 Broad Street Will Have 150 Residential Units, Financial District

6:00 am on May 20, 2016 By Reid Wilson

Earlier this week, YIMBY brought you a new rendering of the mixed-use supertall tower planned at 45 Broad Street, in the Financial District, but now new building applications have been filed with the Department of Buildings. The 371,634-square-foot tower, which has been marketed as 86 stories, will actually have 64 real floors and will stand 1,115 feet above street level. It will also have 150 residential units, which is significantly less than the previous figure of 245. The apartments should average 1,394 square feet apiece, indicative of condominiums, and units will come in studio to three-bedroom configurations. There will also be 48,077 square feet of office space on the third through eighth floors. The project’s 20,000 square feet of amenities will be located on three sub-cellar levels and the ninth through eleventh floors. Madison Equities, Pizzarotti-IBC, and AMS Acquisitions are the developers, and CetraRuddy is behind the design. Excavation is expected to begin later this year, with completion of the tower scheduled for 2018.

Construction Wrapping Up On World Trade Center’s Liberty Park, Financial District

11:00 am on May 19, 2016 By Reid Wilson

In September of 2015, construction was underway on the St. Nicholas Greek Orthodox Church planned on the eastern end of the also-under-construction, one-acre Liberty Park, located on the southern end of the World Trade Center complex, in the Financial District. Now, construction on the rest of Liberty Park, which is elevated 25 feet above street level, is nearly complete, DNAinfo reports. The new park will feature landscaped greenery, plantings, seating and benches, and a 300-foot-long “Living Wall” along its northern base wall. Opening is expected some time this summer. As for the church, being designed by Santiago Calatrava (who also designed the World Trade Center Transportation Hub), construction is expected to last into 2017. The Port Authority of New York & New Jersey is behind the project.

Screenshot of 50 West Street time-lapse video. Credit: EarthCam

Exclusive: Watch Time-Lapse of 50 West Street’s Construction, Financial District

7:30 am on May 17, 2016 By Evan Bindelglass

It’s been a while since we checked in on Time Equities’ project at 50 West Street, dubbed simply 50 West, in the Financial District. The 64-story, 780-foot-tall building topped out back in the fall of 2015, but work has been going on since winter 2014. Now, we have an exclusive time-lapse of its construction, produced by EarthCam.

Plans Revealed for Five-Story, 12,000-Square-Foot Mansion at 85-89 Jane Street, West Village

10:00 am on May 16, 2016 By Reid Wilson

After billionaire Jon Stryker, of Stryker Corporation, purchased the two former industrial properties at 85-89 Jane Street, in the West Village, for $32 million in 2012, he is now moving forward with plans to redevelop the two- and one-story buildings into a 12,000-square-foot, single-family mansion. As currently proposed, the project would consist of a three-story base topped by a skinnier, two-story glass enclosure that would rise 90 feet in height. Much of the third level would feature an outdoor garden. As the site is located within the Greenwich Village Historic District, the Landmarks Preservation Commission (LPC) would have to approve of the design. Before the project goes before the LPC, it will be presented before Community Board 2, Curbed NY reports. TriBeCa-based Steven Harris Architects is behind the design.

New Look at 86-Story, 245-Unit Mixed-Use Supertall Tower, 45 Broad Street, Financial District

6:30 am on May 16, 2016 By Reid Wilson

Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.

New Museum Moving Forward with 42,000-Square-Foot Expansion at 231 Bowery, Lower East SIde

10:00 am on May 12, 2016 By Reid Wilson

The seven-story, 58,700-square-foot New Museum – a contemporary art museum at 235 Bowery, on the Lower East Side – is planning to expand into the six-story commercial building at 231 Bowery, which they purchased for $16.6 million in 2008. The museum is now preparing to convert the property into exhibition space, event space, storage, and offices, the New York Times reports. The expansion would increase the museum’s footprint by roughly 42,000 square feet, which means the complex would measure over 100,000 square feet once completed. The lot walls separating the existing structure and the 231 Bowery would be removed to connect the buildings. The project is still in the planning stage. The New Museum was constructed in 2007 and designed by Tokyo-based SANAA (Sejima and Nishizawa and Associates), with Gensler serving as the architect of record.

Developers Acquire Stalled 16-Story, 98-Key Hotel Project at 139 Orchard Street, Lower East Side

10:00 am on May 11, 2016 By Reid Wilson

In 2011, D.A.B. Group defaulted on the mortgage for their 16-story, 98-key hotel project at 139 Orchard Street, located on the Lower East Side. The developer eventually lost control of the site and abandoned construction on the structure, although the building topped out before work stopped. The latest development is that Fortuna Realty Group and Elk Investors won an auction to acquire the stalled-out project for $30.75 million, The Real Deal reports. Buildings applications indicate the hotel will measure 39,064 square feet. The new owners plan to finish construction on the building as a hotel. Completion is expected sometime in 2017.

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