Demolition permits have been filed for a three-story residential building at 14 Gay Street in Greenwich Village, Manhattan. The 989-square-foot lot is owned by Nazarian Property Group under the 14 Gay Street LLC, which also owns the adjacent 16 Gay Street.
Renovation work is progressing on 111 Wall Street, a 25-story commercial building in Manhattan’s Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the $100 million project involves the full replacement of the structure’s mid-century façade, gut renovation of its 1.5 million square feet of office space, and the construction of an expanded lobby and amenity spaces designed by URBN Playground. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, South Street and the FDR Drive to the southeast, and Gouverneur Lane to the southwest.
Newmark has arranged a $535.8 million loan to support a 22-story office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital.
The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.
Construction is progressing on 107 Mott Street, an eight-story residential building in Chinatown, Manhattan. Designed by Group Projects Architecture and developed by 107 Mott Street Realty LLC, the 74-foot-tall structure will span 9,958 square feet and yield 11 units with an average scope of 771 square feet, as well as 1,470 square feet of ground-floor retail space, a cellar level, and a 40-foot-long rear yard. The property is located on an interior lot between Canal and Hester Streets.
