Demolition permits have been filed for a six-story mixed-use building at 558 Broome Street in Hudson Square, Manhattan. Built in 1925, the 62-foot-tall structure is owned by Vendome Group, which owns various properties in Soho, Tribeca, and Astoria, Queens. Vendome purchased the building for $15.75 million in 2017, which contains 20 residences and ground-floor commercial space that was being used for three restaurants.
United American Land has revealed plans to construct a new mixed-used property at 277 Canal Street, the first project to be announced following passage of a controversial neighborhood rezoning of more than 55 city blocks across Soho and NoHo. Designed by Morris Adjmi Architects, the proposed building will top out at 13 stories and comprise a mix of market-rate rentals, affordable housing units, and retail on the lower levels. The property is located at the convergence of Soho and Chinatown on the northeast corner of Canal Street and Broadway, and currently houses a bank, a gym, and several small-box retail businesses.
Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.
Work is finally finished on Anish Kapoor’s mirrored bean sculpture at the base of 56 Leonard Street, an 831-foot-tall residential skyscraper in Tribeca. The 19-foot-tall, 48-foot-long amorphous artwork was unveiled last week beside the main lobby and ground-floor retail space of the 57-story reinforced concrete tower, which was designed by Herzog & de Meuron and Hill West Architects for Alexico Grpup and opened in 2017. Performance Structures was the fabricator for Kapoor’s 40-ton permanent installation, located at the corner of Leonard and Church Streets.
Construction is complete on the John A. Paulson Center, a 23-story academic building for New York University at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot structure is the largest expansion in the history of the campus and consists of three glass-clad towers rising from a podium spanning a full city block. Permasteelisa engineered and manufactured the facade, and Turner Construction Company was the contractor for the $1.2 billion project, which is bound by Bleecker Street to the north, Houston Street to the south, Mercer Street to the east, and I.M. Pei’s University Village complex to the west.
