Developers are now pursuing a 6.6-million-square-foot expansion of Industry City that would introduce a vibrant mix of office space, retail, hospitality, manufacturing, academic, and community-oriented facilities. The expansion is described as an Innovation Economy District that will facilitate the creation of new employment opportunities and the commercialization of underutilized zoning lots.
Foundation work is progressing rapidly at 50 Trinity Place, as steel rebar and formwork for the sub-story levels are now reaching street level. Excavation and pilings were still ongoing at the time of YIMBY’s late-July update and now work will soon commence for the superstructure of the ground-up Aloft Hotel. Located in the Financial District at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church, the hotel is designed by Peter Poon Architects. FIT Investment Corporation is the developer of the project, and purchased the Lower Manhattan site for $15 million from Sam Chang in 2012.
Developers have revealed new renderings of a rising mixed-use building at 23-20 Jackson Avenue in Long Island City, Queens. The development is designed by KSQ Architects and will top out at nine stories, comprising 85,851 square feet.
Construction is approaching the halfway mark on the Hotel Indigo at 120 Water Street in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Development, the slim reinforced concrete building will rise with a total of 28 stories and yield 52,000 square feet with 128 hotel rooms, a cellar-level fitness center for guests, a ground-floor restaurant, and a 25th-floor venue space. Fortuna Realty Group will serve as hotel management.
Excavation continues at the site of 450 Eleventh Avenue, while the first portions of the reinforced concrete foundation walls are beginning to form what will become a 487-foot-tall hotel from Starwood Hotels & Resorts Worldwide. Designed by DSM Design Group and developed by Marx Development Group, the project is located between West 36th and 37th Streets, directly across Eleventh Avenue from the Jacob K. Javits Center and just to the north of Related Companies’ Hudson Yards master plan.