Retail


YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

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Funding Secured for Brooklyn’s First Supertall, at 9 DeKalb Avenue

Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.

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111 Varick Street Rises Past First Setback, in Hudson Square

Work on 111 Varick Street’s reinforced concrete structure is making swift progress in Hudson Square, recently surpassing the first of several setbacks. Located at the northern corner of Varick Street and Broome Street, the future 27-story residential tower received a design update late last year, which can be seen in the featured image above. The rental project is being designed by S9 Architecture and developed by Madigan Development. It will contain 100 affordable and market-rate units, as well as ground-floor retail space. CM & Associates is in charge of construction.

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11 Avenue C Reaches Street Level, in Alphabet City

Construction has reached street level at 11 Avenue C, aka 350 East Houston Street, a future ten-story mixed-use building designed by Rotwein+Blake Architects with SLCE as the architect of record. The structure will rise about 110 feet high and yield just under 50,000 square feet of space. Of this, 4,100 square feet will be dedicated to commercial use and 38,162 square feet to residential space divided among 45 apartments, averaging over 800 square feet apiece. The project is being developed by BLDG Management.

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