Downtown

Gansevoort Peninsula Park Nears Completion on the West Village Waterfront, Manhattan

8:00 am on July 21, 2023 By Michael Young

Work is nearing completion on Gansevoort Peninsula Park, a new 5.5-acre public recreational green space along the Hudson River waterfront off the West Village. Designed by James Corner Field Operations and commissioned by the Hudson River Park Trust, the park will contain a full-size soccer field surrounded by lush landscaping and shrubbery, numerous pathways, stepped seating, a children’s playground, kayak slips, a salt marsh, a dog run, viewing platforms, and Manhattan’s first public sandy beach. The site is located next to Pier 53, directly across from the Whitney Museum of American Art along Hudson River Park.

Façade Installation Progresses on KPF’s 64 University Place in Greenwich Village, Manhattan

8:00 am on July 18, 2023 By Michael Young

Construction is progressing on 64 University Place, an 11-story residential building in Greenwich Village, Manhattan. Designed by Kohn Pedersen Fox and developed by Argo Real Estate and Bsafal, the 125-foot-tall structure will span 55,000 square feet and yield 28 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the The Eklund ǀ Gomes Team at Douglas Elliman Real Estate, as well as a community facility and ground-floor retail space. SPACE Copenhagen is the interior designer, Deborah Nevins is the landscape designer, and CNY Group is the general contractor for the property, which is located between East 10th and East 11th Streets.

Aerial rendering of the sloped roof addition at 107 South Street - OPerA Studio Architecture

City Agencies Approve Warehouse Conversion Project at 107 South Street in Seaport, Manhattan

7:00 am on July 17, 2023 By Sebastian Morris

The Department of Buildings and Landmarks Preservation Commission have approved plans to convert a warehouse at 107 South Street into a mixed-use residential property. Located in Lower Manhattan’s historic Seaport District, the building was previously occupied by a fish trading house, supplying seafood daily to the Fulton Market before it was relocated in 2005.

Demolition Finishes at 183 Chrystie Street on Manhattan’s Lower East Side

8:00 am on July 16, 2023 By Michael Young and Matt Pruznick

Demolition is wrapping up at 183 Chrystie Street, the site of a 17-story residential building on Manhattan’s Lower East Side. Designed by GF55 Partners and developed by Omnia Group and Naveh Shuster, the 175-foot-tall structure will span 75,000 square feet and yield 57 units and ground-floor retail space. Alba Services is the demolition contractor for the property, which is located between Stanton and Rivington Streets, directly across from Sara D. Roosevelt Park.

Rendering of proposed buildings 3-5 and 3-6 within the Seward Park Extension- Handel Architects

165 Broome Street Progresses on Manhattan’s Lower East Side

8:00 am on July 15, 2023 By Michael Young

Exterior work is continuing on 165 Broome Street, a 15-story affordable housing building on Manhattan’s Lower East Side. Designed by Handel Architects and developed by Grand Street Guild Housing Development Fund Company, Grand Street Guild East Housing Development Fund Company, Southeast Grand Street Guild Housing Development Fund Company, and Clinton Broome Development LLC, the 235,235-square-foot structure is also known as “Building 3-5” and will yield 235 units in studio to three-bedroom layouts, and 65,668 square feet for parking space with a capacity for 126 vehicles. The development will eventually be joined by a 215-foot-tall, 16-story “Building 3-6” at 151 Broome Street to the east, and the properties are expected to yield a combined total of 480 units. Monadnock Construction is the general contractor for the project, which is located within the Seward Park Extension master plan and bound by Broome Street to the north, Pitt Street to the east, and Clinton Street to the west.

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

25 Water Street Readies for 1,300-Unit Residential Conversion in Financial District, Manhattan

7:30 am on July 11, 2023 By Michael Young

Preparation work has begun for the residential conversion of 25 Water Street, a 22-story former office building in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the construction of ten new stories above the parapet of the existing structure, the replacement of its brick façade with a modern fenestration with more expansive windows, and the gut renovation of its 1.1 million square feet of interiors into 1,300 rental units. When complete, the conversion will be the largest ever in the United States by unit count, surpassing the recent redevelopment of One Wall Street with its 566 condominiums. Pavarini McGovern is the general contractor for the property, which is Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west.

Construction Resumes on 125 Greenwich Street in Financial District, Manhattan

8:00 am on July 4, 2023 By Michael Young and Matt Pruznick

Construction has resumed on 125 Greenwich Street, an 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group and Bizzi & Partners, the 912-foot-tall structure will yield 273 condominium units designed by March & White and marketed by Douglas Elliman Marketing Development, which is aiming to launch sales later this fall. The developers secured a $313 million construction loan from Northwind Group in February to finish the formerly stalled project. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

160 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

7:30 am on July 4, 2023 By Michael Young and Matt Pruznick

Work is progressing on 160 Water Street, a 29-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by Gensler and developed by Vanbarton Group, the project involves the construction of five floors atop the parapet of the 24-story structure and the conversion of its 525,000 square feet of office space to yield 588 rental units in studio to two-bedroom layouts. The overhaul, which is being carried out with a $272.5 million loan from Brookfield Real Estate Financial Partners arranged by Cushman & Wakefield, will also include upgrades to building infrastructure, renovated lobby and common spaces, and the construction of a suite of amenity spaces. Collaborative Construction Management is the general contractor for the property, which is located at the corner of Water and Fletcher Streets.

66 Clinton Street Nears Completion on Manhattan’s Lower East Side

7:30 am on July 3, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on 66 Clinton Street, a seven-story residential building on Manhattan’s Lower East Side. Designed by C3d Architecture and developed by Vault Development Partners and TLM Equities, which closed on a $20.1 million construction loan to finish the project, the 23,000-square-foot structure will yield 12 condominium units designed by TalliTien with sales and marketing led by Douglas Elliman Development Marketing. Borough Construction Group is the general contractor for the property, which is located between Stanton and Rivington Streets.

1 Park Row Nears Halfway Mark in Financial District, Manhattan

8:00 am on June 29, 2023 By Michael Young

Construction is nearing the halfway mark at 1 Park Row, a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street.

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