Demolition is progressing at 419-421 Broadway, the site of a one-story retail building in Soho, Manhattan. Designed by Morris Adjmi Architects and developed by United American Land, the project will also involve the full renovation of the adjacent building at 423 Broadway. The properties are located at the northwest corner of Broadway and Canal Street, just above the border with Tribeca.
Construction is rising on 130 Lafayette Street, a 25-story residential building in Soho, Manhattan. Designed by Marvel and developed by Trammell Crow, the 273-foot-tall structure will span approximately 108,000 square feet and yield 99 rental units. The project will also include 1,817 square feet of ground-floor retail space. A portion of the residential inventory will be dedicated to affordable housing. The property is located between Howard and Canal Streets.
Financial technology firm Plaid recently signed a lease for 45,300 square feet at 530 Broadway, an 11-story office building in Soho, Manhattan. The lease was announced by real estate development firm SHVO, which acquired the 198,000-square-foot landmarked property in March 2020. Plaid will relocate its New York City offices to a build-to-suit space within the building to support its continued growth.
Walker & Dunlop has arranged a $200 million construction loan restructuring for the Prince Building, a 12-story commercial building at 568 Broadway in Soho, Manhattan. Originally completed in 1897, the structure offers a mix of office and retail space. The loan restructuring was secured on behalf of Aurora Capital Associates, working alongside Walker & Dunlop’s New York Capital Markets team. The property is located at the corner of Prince Street and Broadway.
The New York City Landmarks Preservation Commission is reviewing a proposal for modifications to 138 Grand Street, a cast iron residential building in Soho, Manhattan. The development team overseeing this project is proposing the installation of a barrier-free access ramp at street-level for the building. The project aims to enhance accessibility for residents and visitors while maintaining the building’s historic architectural integrity.
