Downtown

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.

13-Story, Five-Unit Mixed-Use Building Tops Out At 347 Bowery, East Village

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

YIMBY first reported in early 2014 on filings for Urban Muse’s planned 13-story, five-unit mixed-use project at 347 Bowery, on the corner of East 3rd Street in the East Village. When we last checked in in November, the structure was eight stories above street level, and it has since topped out, EV Grieve reports. The building will eventually contain five three-bedroom condo units ranging between 2,100 and 4,000 square feet each. Within the two-story retail podium, there will be two 2,000 square-foot retail units and one 6,800 square-foot retail unit. Annabelle Selldorf is behind the project’s design, and completion can be expected sometime later this year.

First Look At Eight-Story, 114-Unit Mixed-Use Project At 435 East 13th Street, East Village

11:00 am on February 8, 2016 By Reid Wilson

In the final days of 2014, YIMBY reported on applications for an eight-story, 114-unit mixed-use building at 435 East 13th Street (a.k.a 432-438 East 14th Street), in the East Village, and nearly a year later, crews demolished the site’s old two-story post office building. Now, EV Grieve has the first glimpse of the project, which will encompass 135,186 square feet and two buildings, per the latest filings. Located on both ends of the block-thru parcel, each building will feature 8,700 square feet of ground-floor retail space. The residential units will average 769 square feet apiece and 20 percent of them will rent at below market-rates. Benenson Capital Partners and Mack Real Estate Group are developing, and SLCE Architects is designing the project. Completion is anticipated for early 2017.

A rendering of the proposal for 46-74 Gansevoort Street as seen from the Whitney Museum of American Art. All renderings courtesy BKSK Architects.

Architects Tout Gansevoort Market Plan As Return to History

8:00 am on February 5, 2016 By Evan Bindelglass

In November, a plan for a commercial revitalization of the south side of a block of Gansevoort Street, in the Meatpacking District, went before the Landmarks Preservation Commission. In a rare, but hardly unheard of occurrence, the hearing was paused before the commissioners could discuss the proposal. With the continuation of that session likely to come soon, YIMBY sat down with the architects behind it to talk about its place in the history of the area.

Citigroup In Contract To Acquire Their 39-Story, 2.7-Million Square-Foot Headquarters At 388-390 Greenwich Street, TriBeCa

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

In early 2015, renderings were revealed of the planned renovations at Citigroup’s headquarters at 388-390 Greenwich Street, in TriBeCa, and now the company is in contract to acquire the the 39-story, 2.7-million square-foot office complex. According to Real Estate Weekly, Citigroup will purchase the properties from SL Green Realty Corp. for $2 billion. The renovations include connecting the tower portion at 388 Greenwich to the 10-story structure at 390 Greenwich. The transformation will include a new façade on large portions of the existing buildings, a single lobby that serves both sections, plaza renovations, a rooftop terrace, and amenities like a fitness center. The sale is expected to close in December of 2017 and renovations should be complete by 2019.

Four-Story Church At 126 Forsyth Street Seeking Partner For New Mixed-Use Building, Lower East Side

10:00 am on February 4, 2016 By Reid Wilson

The Spanish Delancey Seventh Day Adventist Church, located at the four-story building at 126 Forsyth Street, on the corner of Delancey Street on the Lower East Side, is looking for a development partner that would demolish the existing structure for a new building. The 5,000 square-foot lot could accommodate a new mixed-use building of up to 32,500 square feet, where a maximum of 27,000 square feet could be used as residential space. The lot is subject to a 120-foot height cap, according to Curbed NY. The church is requiring the first three floors of the new building to be designed, owned, and operated by the church as a house of worship, although zoning allows for retail space to be built as well. It should be noted that the rest of the building could potentially end up being a hotel or office space if a developer chooses against building residential units.

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