Downtown

45 Park Place Stands Unfinished in Tribeca, Manhattan

Second on YIMBY’s Turkey Week tour of stalled projects is 45 Park Place, a 43-story residential skyscraper in Tribeca. Designed by SOMA Architects with Ismael Leyva Architects as the executive and residential architect and developed by Sharif el-Gamal of Soho Properties, the 667-foot-tall tower has been stalled since sometime in late 2019. Piero Lissoni is the interior designer, Permasteelisa Group and Vidaris are the façade consultants, and Gilbane Residential Construction is the general contractor for the property, which is located between Church Street and West Broadway.

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79 Eldridge Street Awaits Further Progress on Manhattan’s Lower East Side

Construction appears stalled on 79 Eldridge Street, a 14-story hotel building on Manhattan’s Lower East Side. Designed by Ellipses Design and developed by DLC Development, Inc., the structure is planned to yield 48 rooms and a 1,243-square-foot common space. Triborough Construction Services is the general contractor for the property, which is located between Grand and Hester Streets.

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Seaport Residences Remains Stalled at 161 Maiden Lane in Financial District, Manhattan

Kicking off our annual Turkey Week rundown of notable stalled projects is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower has been on hold since sometime in late 2020, and its future remains uncertain. The 200,000-square-foot structure is planned to yield 80 units with interiors by Groves & Co. Ray Builders was the latest contractor for the property, which is located on a narrow rectangular site bound by South Street and Maiden Lane.

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Excavation Begins for 1 St. Mark’s Place in East Village, Manhattan

Excavation has begun at 1 St. Mark’s Place, the site of a nine-story commercial building in the East Village. Designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation, the structure will yield 53,000 square feet of office space and approximately 7,700 square feet of ground-floor retail space. The Rinaldi Group of New York is the general contractor, SDG Engineering PC is the structural engineer, and ICOR Associates is the MEPS engineer for the property, which is alternately addressed as both 3 St. Mark’s Place and 23-25 Third Avenue and is located at the corner of St. Mark’s Place and Third Avenue.

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