|
A crucial part of the redevelopment of Lower Manhattan is residential growth.
The Plan for Lower Manhattan > Residential Growth
Residential Growth
21 Ann Street Developer Ann Nassau Realty LLC is currently overseeing construction of a multi-use office and residential building at 21 Ann Street. The 170,000-square-foot development will feature retail and office space through the fourth floor and studio, one-bedroom, and two-bedroom condominiums on floors five through 28. Additional amenities will include a landscaped outdoor area, a gym, a great room, a pool room, a simulation golf room, and a multimedia room. The building will also feature round-the-clock doorman service. Contractor Gateway is currently at work demolishing the existing buildings at the site. The buildings at 21 Ann Street and 109-111 Nassau Street have been totally demolished, and 113 Nassau will be down by mid-August. Once demolition has been completed, foundation work is expected to begin immediately. A second contractor, BRF, will be responsible for new construction, which is expected to last for approximately 20 months. 10-12 Barclay Street Across Broadway near City Hall Park, Glenwood Management is building a new, 50-story residential tower at 10-12 Barclay Street. Contact Info: To learn more about 10-12 Barclay Street, visit www.glenwoodnyc.com or call Glenwood’s main office at (212) 535-0500. Battery Park City Residential Development Site 16/17 (Riverhouse, One Rockefeller Park) The Sheldrake Organization is currently developing a green luxury condominium in North Battery Park City called Riverhouse, One Rockefeller Park. The development marries neo-green design by Polshek Partnership in collaboration with Ismael Leyva Architects and David Rockwell. This 32-story, 264-unit luxury condominium will feature unobstructed views of the Hudson River on one of the last waterfront sites in Manhattan. In addition to its eco-conscious design, Riverhouse will offer its residents and the surrounding community an incredible array of amenities including a City Bakery and NY public library branch. Unit sales began in September 2006 and the building's completion is scheduled for late 2007 Contact Info: To find out more about development projects in Battery Park City, contact Leticia Remauro, vice president of community relations for the Battery Park City Authority, at (212) 417-2276 or by email remaurol@bpcauthor.org. Site 3 (70 Little West Street) Construction of a new 33-story, mixed-use tower is now taking place at Battery Park City's Site 3 (70 Little West Street). The tower's construction is one of several development projects in Battery Park City, including the erection of the 43-story Goldman Sachs tower at West and Vesey Streets. Named "The Visionaire," the tower is slated for completion in 2008 Contact Info: To find out more about development projects in Battery Park City, contact Leticia Remauro, vice president of community relations for the Battery Park City Authority, at (212) 417-2276 or by email remaurol@bpcauthor.org. Beekman Tower (8 Spruce Street) In early October 2006, the one-acre parking lot on the west side of New York Downtown Hospital began its transformation into one of the tallest buildings in Lower Manhattan. Beekman Tower, whose address will be 8 Spruce Street (between William and Nassau Streets), will rise 75 stories (850 feet) and reshape the downtown skyline by the time it is completed in early 2010. Architect Frank Gehry is designing the glass- and titanium-skinned tower. It will be primarily residential, though it also will dedicate 100,000 square feet to a public school, hospital offices, and an underground parking lot. There will be retail around its base and public plazas on its east and west sides, which pedestrians can use for access between Beekman and Spruce Streets. Contact Info: To learn more about the project, please contact Forest City Ratner construction manager Joe Rechichi at (718) 923-8543 or jrechichi@fcrc.com, or call Joyce Baumgarten at (212) 686-4551. 40 Broad Street The Setai Group and Zamir Equities, New York-based development firms, are converting a 25-year-old office building located at 40 Broad Street into The Setai New York, a luxury condominium. The building is being redesigned by Jean-Michel Gathy of Denniston International, an architecture firm based in Kuala Lumpur, Malaysia. Gathy also designed The Setai, South Beach, in Miami. The Setai New York, billed as "a mantra of serenity and calm," is located in the Financial District. Contact Info: The Setai Sales office can be reached at (212) 968-8880. 130 Cedar Street After several months of careful coordination with the Environmental Protection Agency (EPA), the 130 Cedar Street building conversion began in summer 2007. Cleaning and abatement of the existing 12-story former office building begins in late July 2007, starting from the top down using a four-floor "buffer zone" between the clean floors and deconstruction areas (a plan similar to that of 130 Liberty Street). Next, deconstruction will strip the building down to its concrete superstructure through the end of 2007, with eight air monitors in place throughout. Construction is expected to commence in early 2008. Contractor Laval Construction will add seven new stories to the existing 12 stories (including a penthouse floor). The new, 19-story tower will house a new hotel with retail and restaurants. Contact Info: For more information about 130 Cedar Street call (212) 645-2825 or visit www.lavalcorp.com. 20 Exchange Place In 1931, 20 Exchange Place was constructed as the City Bank Farmers Trust Building (a predecessor of present day Citigroup) and was the 4th tallest building in the world. The building's original plans called for a pyramid top and a taller tower. However, due to the Great Depression, the building was topped off at its present height of 57 floors. In June, 2004, developers Nathan Berman, Yaron Bruckner and Eastbridge NV acquired 20 Exchange Place for $152 million. Berman and Bruckner are converting the 800,000 square feet of space for residential usage. The Singer and Bassuk Organization announced last fall that it secured $210 million in residential Liberty Bond financing for the Berman and Bruckner conversion of the top 41 floors of the 57-story office building into 369 luxury rental units. The ground floor and four lower levels will house retail space. Floors two to 15 will remain commercial. 88 Greenwich Street The 37-story, Art-Deco story skyscraper at 88 Greenwich Street, also known as the Greenwich Club, will be converted from a rental to a condominium apartment building by Thorwood Real Estate, which recently bought it for $195 million from World-Wide Holdings. The beige-brick building, which is also known as 19 Rector Street, is a few blocks north of Battery Park and a few blocks south of the former World Trade Center site. Worldwide had converted it to a rental from an office building several years ago. Contact Info: The Greenwich Club Sales office can be reached at 212-269-8888. 475 Greenwich Street For many years, the site at 475 Greenwich Street, a long abandoned triangular property bounded by Canal, Watts , and Greenwich Streets, has been an unsightly blight on the Tribeca community. The area, which is directly over the Holland Tunnel, has been occupied by low-rise buildings that once housed a ceramic tile company and a car audio store. 59 John Street Five Nine John Lofts is a conversion of an office building to luxury lofts that began last summer. The 73-unit condo located at 59 John Street will offer one-, two-, and three-bedroom apartments, most with home offices. Sales began in September, and half the units have already been purchased. Prices now range from $795,000 for a one-bedroom apartment to $2.55 million for a penthouse. Current buyers primarily include residents already living below 14th Street and families who have found themselves priced out of Tribeca, a sales representative for the building said. Occupancy is scheduled for late December 2006. Contact Info: For more information, call the Five Nine John Lofts sales office at (212) 349-5900 105 Norfolk Street Construction is underway to build the 16-story condominium known as BLUE on the former vacant lot at 105 Norfolk Street, near the corner of Delancey Street. Designed by Bernard Tschumi Architects, the curved and angular building takes its name from the panes of blue glass that will make up its exterior. Construction began in September 2005, and the Lower East Side condo is scheduled to be completed by 2007. The $18 million building is being developed by On the Level Enterprises Inc. Contact Info: For more information call (212) 533-8822 or visit www.bluecondonyc.com. The presentation center is located at 100 Norfolk Street. 201 Pearl Street The Rockrose Corporation is currently building a 28-story high-rise residential building at 201 Pearl Street, at the corner of Maiden Lane. Construction is expected to continue through November 2008. Contact Info: For more information regarding 201 Pearl Street, visit the developer’s website or call Rockrose Corporation directly at (212) 375-1155. 57 Reade Street The John Buck Company of Chicago commissioned SLCE Architects to design a 20-story residential condominium building at 57 Reade Street in TriBeCa that will have a major mid-block frontage on Broadway between Chambers and Reade Streets. According to a March 6, 2006 easement document on file with the city, the developer, officially known as 281 Broadway Holdings LLC, "intends to demolish the existing buildings and construct, or cause to be constructed on the Development Site a building of between 19 and 21 stories…containing…approximately 11,372 square feet of commercial/retail area on the first and second floors of the building, together with a cellar floor of approximately 5,000 square feet….and…approximately 120,731 square feet of residence space…." Contact Info: To contact the John Buck Company, call (312) 993-9800 or write to info@tjbc.com. 37 Wall Street Built in 1907, the former home of the Trust Company of America at 37 Wall Street has been undergoing transformation in recent months into a residential rental building. At 25 stories tall, this Beaux Arts-style high-rise was one of the first truly tall buildings in the city, and it is one of the oldest remaining high-rises on Wall Street. Previously serving as offices for Chase Bank, 37 Wall Street has remained vacant for the past few years. Last year, the building was purchased by developer W Associates, an affiliate of Garden Homes. Mike Thompson, project manager, reports that what's needed to convert this commercial building into residential space is mostly interior construction work, which is slated to begin in June. As the project moves forward, Thompson said, street closings will likely occur in the area surrounding the building, which is located on Wall between William and Nassau Streets. Contact info on rental and retail opportunities to follow as development progresses. 75 Wall Street Soaring 43 stories above Lower Manhattan, 75 Wall Street is the modern-day gateway to New York's famed financial district. When the transformation of this rose-colored brick tower from office building to condominium residences and a luxury hotel is completed in 2008, the former downtown headquarters of JPMorgan Chase will be the largest residential and multi-use project south of Canal Street. As the only free standing trophy building on Wall Street, 75 Wall boasts dramatic, unobstructed 360-degree views of New York harbor, the East and Hudson rivers and the cityscape to the north. Its prime location at the corner of Wall and Water Street and bordered by Pearl Street, places it at the epicenter of the Financial District, one of New York City's fastest growing residential neighborhoods. Contact Info: 75 Wall Street sales office (212) 344-7500. 101 Warren Street (270 Greenwich Street) Developer Edward J. Minskoff Equities Inc. was selected by the city to build a tower on a 90,565-square-foot lot bound by Greenwich, Murray, and Warren Streets, on the urban-renewal site known as "Site 5B." Lauded by Mayor Michael Bloomberg for its mixed uses, the Skidmore Owings and Merrill-designed building will fill out close to one million square feet and provide equal parts market-rate housing and low- and middle-income units. The 35-story tower will bring hundreds of residential units, two levels of below-grade public parking, and major retail businesses around its base -- including a Whole Foods Market and Barnes and Noble bookstore. Its construction is expected to create about 300 permanent jobs and 1,000 construction jobs. Contact Info: For more information about 101 Warren Street, visit the website. 111 Washington Street Construction of a 50-story high-rise multi-use building is planned to begin at 111 Washington Street in late 2007/early 2008. Located near Carlisle Street, the tower will serve as both a condominium and hotel and is scheduled to open in early 2010. Contact Info: For more information regarding 111 Washington Street, visit the developer’s website or call HRH Construction at (212) 616-3100. 123 Washington Street (4 Albany Street) The next incarnation of 123 Washington Street began in August 2005 with the purchase of the property by the Moinian Group. The developer, with the help of architects Gwathmey Siegel and contractor Tishman Construction, plans to erect a mixed-use hotel and condominium that will stand 52 stories tall and offer 400,000 square feet. It is slated to open in March 2008. The original 10-story building was irreparably damaged on September 11, 2001, and was deconstructed in 2005. Contact Info: Contact the Moinian Group for more information about the construction of the new 123 Washington Street at (212) 808-4000. For more information about the deconstruction of the original 123 Washington Street building and to learn more about its air monitoring plan, please visit the Environmental Protection Agency’s (EPA) website here. Contact community involvement coordinator Ben Barry at (212) 637-3675 or barry.benjamin@epa.gov for further details. 50 West Street Work on one of several new high rises south of the World Trade Center is underway at 50 West Street. Located between West and Washington Streets at J.P. Ward Street (just north of the Brooklyn-Battery Tunnel entrance), the new development will replace three existing buildings on that block with a new 63-story (725-foot) residential tower and hotel. The 500,000-square-foot, glass-clad tower is being designed by Murphy/Jahn Architects. The tower will house retail at ground level and bring a landscaped plaza to its south side. Contact Info: Please call Time Equities at (212) 206-6000 or visit www.timeequities.com. 85 West Broadway Construction of a new, 13-story, mixed-use tower is now underway at 85 West Broadway. Located at the southeast corner of West Broadway and Chambers, the site is being developed by New York-based Pavarini McGovern. Foundation work began there in April 2007, and the building is expected to open in spring 2008. Contact Info: For more information about 85 West Broadway call (212) 907-0900 or visit www.pavarinimcgovern.com. 185 West Broadway Pavarini McGovern Construction Company is currently building a five-story building at the corner of Leonard Street, which will be the new library for New York Law School. Construction is expected to continue through December 2008. Contact Info: For more information regarding the construction of 185 West Broadway, visit the construction manager's website or call Pavarini McGovern at (212) 907-0900. You may also direct inquiries regarding the new law library to Nancy Guida at (212) 431-2325 or nguida@nyls.edu. 15 William Street In the heart of the Financial District, 15 William Street is being redeveloped as a 47-story condominium tower. Neighboring downtown's hallmark eatery Delmonico's and the bustling restaurant strip on Stone Street, the new building will be nestled at the five-point intersection where William, South William, and Beaver Streets meet. (See the FAQs below for addtional details.) To learn more about 15 William Street, visit www.bovislendlease.com or call Bovis’s main office at (212) 592-6700. You can also visit the Department of Building’s website here. One York Street At One York Street, a brick warehouse dating back to before the Civil War is being transformed into a modern 136,000-square-foot condominium complex. The building occupies a full city block, bound by Laight and York Streets, St. John's Lane, and Avenue of the Americas. Enrique Norton, a Mexican-born architect who served as one of the World Trade Center Memorial competition judges, is leading its redesign. Contact Info: To contact the sales office, call (212) 965-9675. For construction related questions, e-mail reception@1york.com. District Located at the corner of Ann, William and Fulton Streets in Lower Manhattan, the building boasts exceptional access to the Fulton Transit Hub. Prominent international developer’s pair up with New York hospitality guru Amy Socco to create 163 premium residences, 19 penthouses, with life style built in. District brings Sacco’s exclusive lifestyle concepts home with upscale services and facilities including 24/7 concierge, pool and spa, lounge with fireplace, private screening room and 12,000 Square Foot roof terrace with reflecting pools, cabanas and chaise lounges. Contact info: To contact the Sales office, call (212) 513-7333. |