Downtown

New Museum at 235 Bowery, Rendering via OMA Instagram

New Museum’s Expansion Takes Shape at 231 Bowery on Manhattan’s Lower East Side

8:00 am on June 20, 2024 By Michael Young and Matt Pruznick

Construction is progressing on the New Museum‘s seven-story expansion at 231 Bowery in the Bowery section of Manhattan’s Lower East Side. Designed by Rem Koolhaas and Shohei Shigematsu of OMA and Cooper Robertson & Partners, the 174-foot-tall annex is rising directly to the south of the SANAA-designed main building, which was originally completed in 2007, and will almost double the institution’s footprint to 115,277 square feet. The 60,000-square-foot addition will connect laterally connect to the current museum and add three gallery floors, an 80-seat restaurant, a larger bookstore, and office space for staff, among other spaces. The property is located at the intersection of Bowery and Spring Street.

14+C Reaches Street Level at 644 East 14th Street in Manhattan’s East Village

8:00 am on June 16, 2024 By Michael Young and Matt Pruznick

Construction has reached street level on 14+C, a 24-story residential building at 644 East 14th Street in the Alphabet City section of Manhattan’s East Village. Designed by Fischer + Makooi Architects and developed by Madison Realty Capital, the 200,000-square-foot structure will yield 196 rental units in studio to two-bedroom layouts, with an undisclosed portion reserved for affordable housing, as well as ground-floor retail space. The property is located at the corner of East 14th Street and Avenue C.

139 Bowery Completes Construction on Manhattan’s Lower East Side

7:30 am on June 10, 2024 By Michael Young and Matt Pruznick

Construction is complete on 139 Bowery, a 14-story mixed-use building in the Bowery section of Manhattan’s Lower East Side. Designed by Raymond Chan Architects and developed by Hung Kwong Leung through the Global Joint Venture, Inc., the structure spans nearly 59,000 square feet and yields 18 condominium units, as well as 14 office units and ground-floor retail space. The project is located on a relatively narrow plot between Broome and Grand Streets, across from the historic Bowery Savings Bank building.

Façade Installation Takes Shape on 59 Henry Street in Two Bridges, Manhattan

7:30 am on June 2, 2024 By Michael Young

Façade installation is taking shape on 59 Henry Street, a 19-story mixed-use building in Two Bridges, Manhattan. Designed by S9 Architecture and developed by W & L Group, the 227-foot-tall structure will span nearly 98,000 square feet and yield 80 rental units with an average scope of 714 square feet, as well as 40,305 square feet of community facility space on the first five stories, 26 enclosed parking spaces, a penthouse, and a cellar level. The property is located on a 17,500-square-foot interior lot between Catherine and Market Streets.

Photograph of 555 Greenwich Street. Designed by COOKFOX Architects

New Lease Signed At 555 Greenwich Street And 345 Hudson Street In Hudson Square, Manhattan

7:30 am on June 1, 2024 By Max Gillespie

Global real estate investment manager Hines is nearly doubling its New York City office space with a 12-year lease at 555 Greenwich Street and 345 Hudson Street in Hudson Square, Manhattan. Hines will expand its footprint from 17,000 square feet on the 12th floor of 345 Hudson to an additional 15,000 square feet in the adjacent 555 Greenwich Street.

Pearl House, City’s Largest Office-to-Residential Conversion, More Than Half Fully Leased

7:00 am on May 31, 2024 By Vanessa Londono

After opening its doors in late 2023, Pearl House has officially surpassed 50 percent leased. Located at 160 Water Street in the Financial District, the city’s largest office-to-residential conversion to date, yield 24 stories with 588 units and 30,000 square feet of amenities. Pearl House is designed by Gensler and developed by Vanbarton Group, a real estate development, investment, and advisory firm, with Compass Development Marketing Group handling leasing. Pricing for available units starts at $3,909 a month.

Permits Filed for 220 East 9th Street in Manhattan’s East Village

7:00 am on May 30, 2024 By Vanessa Londono

Permits have been filed to convert a five-story garage into a six-story residential building at 220 East 9th Street in Manhattan’s East Village neighborhood. Located between Second and Third Avenues, the lot is a short walk to the Astor Place subway station, served by the 6 train. Roger Bittenbender of Arcus Development is listed as the owner behind the applications.

New-to-Market Pricing and Residences Downtown at One Wall Street

8:00 am on May 29, 2024 By Vanessa Londono

One Wall Street recently revealed new residences and pricing in the Financial District’s most luxurious Art Deco skyscraper. The residential development is offering four percent commission, sponsor-paid transfer taxes and common charges for a limited time. Developed by Macklowe Properties, the 564-foot-tall tower is the largest office-to-residential conversion in the city with 566 prime residences, 100,000 square feet of amenities, and a Whole Foods and Lifetime Fitness health club in the base of the building.

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Photograph of One Manhattan Square, courtesy of M18 PR

Brooklyn Fare Grocery Opens at One Manhattan Square on Manhattan’s Lower East Side

6:30 am on May 21, 2024 By Max Gillespie

Brooklyn Fare Kitchen & Market has opened its newest location at the base of One Manhattan Square, an 80-story residential skyscraper at 225 Cherry Street on Manhattan’s Lower East Side. At 25,500 square feet, this is the largest location to date for the grocery store.

Foundations Underway At 126 Hester Street in Chinatown, Manhattan

7:00 am on May 14, 2024 By Michael Young

Foundations are progressing at 126 Hester Street, the site of a seven-story mixed-use building in Chinatown, Manhattan. Designed by Issac & Stern Architects and developed by Ruoxu You under the Fortune Assets LLC, the 70-foot-tall structure will span 14,427 square feet and yield eight condominium units with an average scope of 1,037 square feet, as well as 5,839 square feet of commercial space, 284 square feet of community facility space, and a cellar level. The property is located on an interior lot between Chrystie Street and Bowery.

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