Downtown


Frank Gehry WTC

New Proposal For WTC’s Performing Arts Center To Be Presented In Coming Weeks

The Lower Manhattan Development Corp. will present their latest plans for the World Trade Center’s performing-arts center later this fall, according to The Wall Street Journal. The board previously abandoned Frank Gehry’s design and decided to limit the project’s above-grade construction costs to no more than $200 million. The latest plans now call for a three- to four-story building measuring roughly 80,000 square feet. The building would also include a 600- to 700-seat auditorium, a 200-seat theater, and a restaurant on the ground floor. The architect has not yet been named.


196 Orchard Street

Excavation Begins On 10-Story, 83-Unit Mixed-Use Project At 196 Orchard Street, Lower East Side

Earlier this year, YIMBY revealed renderings of Magnum Real Estate Group and Real Estate Equities’ 10-story, 83-unit mixed-use building planned at 196 Orchard Street, on the Lower East Side. Now that demolition is complete on the site’s old commercial buildings, excavation work appears imminent, per Bowery Boogie. A pile driver has appeared on-site as well as other excavation equipment. Once complete, the building will also have 13,463 square feet of retail space on the ground floors, and Ismael Leyva is designing.


64 East 1st Street

Six-Story, Six-Unit Residential Project Rises At 64 East 1st Street, East Village

Last summer, construction kicked off at 64 East 1st Street, in the East Village, where MGM Property Group and Ekstein Development are building a six-story, six-unit residential building, and now steel-frame construction is up to the third floor, according to EV Grieve. The full-floor condominiums, which average 2,185 square feet, will have two-bedroom configurations and outdoor terraces. GF55 Partners is designing, and completion is expected in 2016.


84 William Street

Expansion Tops Out At 19-Story, 140-Unit Extended-Stay Hotel At 84 William Street, Financial District

Korman Communities, Shorewood Real Estate Group, and Prodigy Network have recently topped out their 19-story, 140-unit extended-stay hotel building at 84 William Street, in the Financial District, courtesy of a YIMBY reader. The AKA brand will manage the building, and guest suites will range from a few hundred square feet to 1,000 square feet. In addition to the hotel lobby, retail space and a restaurant will be located on the ground floor. Asfour Guzy Architects is designing, and completion can probably be expected in early 2016.


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