Downtown

Housing Lottery Launches for 167-171 Chrystie Street on the Lower East Side of Manhattan

The affordable housing lottery has launched for 167-171 Chrystie Street, a 16-story mixed-use building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Be-Aviv and Nexus Building Development Group, the structure yields 78 residences. Available on NYC Housing Connect are 20 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,789 to $139,620.

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Warren Street Hotel Tops Out at 86 Warren Street in Tribeca, Manhattan

Construction has topped out the Warren Street Hotel, an 11-story building at 86 Warren Street in Tribeca. Designed by Stonehill Taylor and developed by Solil Management, the 135-foot-tall structure will yield 44,000 square feet and 70 guest rooms operated by Firmdale Hotels, as well as a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern, LLC is the general contractor, Kit Kemp is the interior designer, and Paul Taylor under the Warren Street Hotel LLC is the owner behind the previously filed permit applications for the property, which is located between Greenwich Street and West Broadway.

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50 Trinity Place’s Façade Continues to Take Shape in Financial District, Manhattan

Exterior work continues to progress on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot reinforced concrete tower will yield 173 guest rooms. Cauldwell Wingate is serving as the general contractor for the project, which is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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1 Park Row’s Demolition Nears Street Level in Financial District, Manhattan

Demolition is progressing at 1 Park Row, the site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction LLC is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. 1 Park Row received a $90 million construction loan from Los Angeles-based Parkview Financial last summer.

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