Downtown

Capital Improvement Program Revealed for 60 Broad Street in Manhattan’s Financial District

7:30 am on January 20, 2023 By Sebastian Morris

Piedmont Office Realty Trust has revealed an extensive capital improvement program at 60 Broad Street, a 38-story mid-century office tower in Manhattan’s Financial District. Designed by Morris Adjmi Architects, a tenant at the building, the overhaul will create a new building entryway, a renovated lobby, modernized elevator cabs, and new amenity spaces. The property is bound by Beaver Street to the south, Broad Street to the east, and New Street to the west.

Rendering of CompletePlayground at 30 Broad Street in Financial District, Manhattan

Underground Family Activity Center to Debut at 30 Broad Street in Financial District, Manhattan

7:00 am on January 16, 2023 By Sebastian Morris

CompletePlayground, a new nonprofit organization, will open its first family activity center at 30 Broad Street. The 40,000-square-foot underground playground is designed to accommodate children of all abilities, including those with special needs. The playground will occupy a portion of New York Sports Club’s former Financial District location.

76 Eighth Avenue Completes Construction in Greenwich Village, Manhattan

8:00 am on January 8, 2023 By Michael Young

Construction is complete on 76 Eighth Avenue, a ten-story commercial building in Greenwich Village. Designed by Gene Kaufman Architect and developed by Sang Lee, Noviprop, and Plus Development, the 120-foot-tall structure yields 30,000 square feet of office space and ground-floor retail. RAAD Studios designed the lobby and Plus Design Studios designed the interiors of the building, which is located at the corner of Eighth Avenue and West 14th Street, straddling the intersection of the Meatpacking District and Chelsea.

Demo Permits Filed for 14 Gay Street in Greenwich Village, Manhattan

6:30 am on January 6, 2023 By Vanessa Londono

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.

111 Wall Street’s New Façade Approaches Halfway Mark in Financial District, Manhattan

8:00 am on January 3, 2023 By Michael Young

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.

Rendering of completely repurposed 25 Water Street, New York City, from office to residential, courtesy of CetraRuddy.

Developers Close on $535M Loan to Redevelop 25 Water Street in Financial District, Manhattan

7:30 am on December 29, 2022 By Sebastian Morris

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.

Housing Lottery Launches for 60 Fulton Street in Manhattan’s Financial District

7:00 am on December 29, 2022 By Vanessa Londono

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 Progresses on 107 Mott Street in Chinatown, Manhattan

7:30 am on December 25, 2022 By Michael Young

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.

Rendering of the new Kimlau Square in Chinatown

New York State Awards $20M to Finance 11 Community Improvement Projects in Chinatown, Manhattan

7:00 am on December 25, 2022 By Sebastian Morris

Manhattan’s Chinatown neighborhood is the latest recipient of a $20 million award from New York State’s Downtown Revitalization Initiative, an economic development program led by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA. The award will support 11 projects across the neighborhood that will improve streetscape connectivity and support the creation of new public gathering spaces, community facilities, and public artworks.

Construction Breaks Ground at 14 White Street in Tribeca, Manhattan

7:30 am on December 18, 2022 By Michael Young

Excavation has begun at 14 White Street, the site of a seven-story residential building in the Tribeca East Historic District. Designed in collaboration between NAVA and DXA Studios and developed by 14 White Street Property Owner LLC, the 30,000-square-foot structure will yield ten condominium units ranging from 1,200-square-foot two-bedroom homes to four-bedroom layouts spanning 4,000 square feet. Central is the general contractor for the property, which is bound by White Street to the south and Sixth Avenue to the east.

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