Financial District

8 Carlisle Street. Designed by Handel Architects.

8 Carlisle Street Rises Higher Above Manhattan’s Financial District

By Michael Young and Matt Pruznick

Construction is rising quickly on 8 Carlisle, a 64-story residential skyscraper at 8 Carlisle Street in Manhattan’s Financial District. Designed by Handel Architects and developed by Grubb Properties and Pink Stone Capital, the 789-foot-tall structure will span 326,221 square feet and yield 462 residential units. The project will also include 7,000 square feet of ground-floor retail space and a 60-foot-long rear yard. The property is alternately addressed as 111 Washington Street and located at the corner of Washington and Carlisle Streets, just south of the World Trade Center complex.

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2 World Trade Center. Rendering courtesy of Foster + Partners.

2 World Trade Center to Resume Construction in Financial District, Manhattan

By Michael Young and Matt Pruznick

Construction will soon restart on 2 World Trade Center following a commitment by American Express to serve as the anchor tenant for the 1,226-foot Financial District supertall. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 55-story structure is the final component of the 16-acre World Trade Center complex and is slated to yield 1.95 million rentable square feet. The full-block property is bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.

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40 Exchange Place. Image courtesy of 40 Exchange.

40 Exchange Place Readies for 382-Unit Office-To-Residential Conversion in Financial District, Manhattan

By Michael Young and Matt Pruznick

Work is about to begin on the office-to-residential conversion of 40 Exchange Place, a 20-story commercial building in Lower Manhattan’s Financial District. Designed by Tuller McNealus Feld and developed by GFP Real Estate, the project will repurpose the structure’s 300,000 square feet into 382 rental apartments. The project will also include ground-floor retail space. A portion of the residential offering will be dedicated to affordable housing. The property is located at the intersection of Exchange Place and William Street.

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50-58 Cliff Street. Rendering courtesy of Settlement Housing Fund.

Renderings Reveal All-Affordable Housing Tower at 50–58 Cliff Street in Manhattan’s Financial District

By Michael Young and Matt Pruznick

Preliminary renderings have been revealed for 50–58 Cliff Street, a planned 24-story all-affordable residential tower on the border of Lower Manhattan’s Financial District and Seaport District. Designed by Dattner Architects and developed in a joint venture between the property owner Trinity Church and Settlement Housing Fund, the structure is slated to yield 120 below-market rental units, with 18 dedicated to formerly homeless individuals. The nearly $70 million project would also include ground-floor social services. The 6,000-square-foot property is located near the corner of Cliff and Fulton Streets.

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One Liberty Plaza Unveils Lobby Art Installation At 165 Broadway In Financial District, Manhattan

By Max Gillespie

Brookfield Properties has unveiled a new art installation by artist Pierre Huyghe at One Liberty Plaza, a 54-story, 2.3-million-square-foot office skyscraper at 165 Broadway in Manhattan’s Financial District. The centerpiece of the building’s reimagined double-height lobby is A::Light, an interactive ceiling-based artwork that functions as a playable video game. The installation was presented in collaboration with Fine Art Concepts, LLC, with Huyghe represented by Marian Goodman Gallery, and lobby interiors by Gachot Studios.

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