Downtown

271-283 South Street

Developer Proposes 60-Story, 741-Unit Mixed-Income Residential Tower at 271-283 South Street, Lower East Side

On the heels of news of a 66-story, 718-foot-tall building planned at 260 South Street, there is more high-rise news from the Lower East Side. It has been revealed that, in the spring, the Starrett Corporation filed pre-applications with the Department of City Planning for a 60-story, 741-unit residential tower at 271-283 South Street, located on the corner of Clinton Street. The preliminary plans, which the developer states are in the exploratory stage, indicate the building would measure 620,000 square feet, the Lo-Down reported. Since the project is also expected to benefit from the city’s Mandatory Inclusionary Housing (MIH) program, at least 20 percent of the units will be designated as affordable housing. Air rights first have to be transferred to the site from around the block. The 20,177-square-foot property is currently vacant. The East Broadway stop on the F train is located four blocks away.

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260 South Street

66-Story, 1,400-Unit Mixed-Income Residential Tower Planned at 260 South Street, Lower East Side

Two Bridges Associates (a partnership between L+M Development Partners and the CIM Group) filed pre-applications earlier this year with the Department of City Planning for a 66-story, 1,400-unit residential tower at 260 South Street, on the Lower East Side. The building, which is in the early stages of development, will encompass 1.1-million square feet and stand 718 feet in height, the Lo-Down reported. Twenty-five percent of the project’s residential units, or 350 apartments, will be designated as affordable housing. The structure would be built on an existing parking lot along South Street. An underground parking garage would be built to retain the spaces. In addition to a new tower, the project includes expanding the retail footprint on the ground floors of 265 Cherry Street and 275 Cherry Street, two existing 26-story residential towers (called Lands End II) with 491 apartments located on the northern end of the property. Rutgers Park, located on the western end, is also expected to see a renovation. It’s unclear whether the project requires approval via the city’s Uniform Land Use Review Procedure (ULURP).

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215 Pearl Street

39-Story, 320-Key Marriott Hotel Rises Above Street Level at 215 Pearl Street, Financial District

Construction is now three stories above street level at 215 Pearl Street, located on the corner of Platt Street in the heart of the Financial District, where a 39-story, 320-key hotel is planned. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The hotel — which YIMBY first reported on in September of 2012 — will be a Courtyard & Residence Inn by Marriott. The latest building permits indicate it will encompass 165,655 square feet and stand 396 feet in height. The hotel rooms will be located on the fifth through 37th floors, while retail space will occupy some of the ground floor. Guest amenities include bike storage, a restaurant, meeting rooms, a fitness center, and a roof garden on the 38th floor. Lam Group is the developer and Nobutaka Ashihara Architect is the architect of record. Completion is expected in the summer of 2017.

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50 West Street

Public Plaza, Pedestrian Bridge Outside 50 West Street Revealed, Financial District

Now that exterior work has completed on 50 West Street – the 64-story, 191-unit mixed-use tower dubbed simply “50 West” under development in the Financial District – crews are now focused on building a 6,800-square-foot public plaza around the base of the building and a pedestrian bridge over West Street (a.k.a. the West Side Highway). Renderings of the spaces have been revealed by the Wall Street Journal. The 24-hour plaza will feature an art gallery, a café, vegetation, and seating. The pedestrian bridge, dubbed the West Thames Street Bridge, will feed directly into the plaza. It will boast steel structural supports and a glass roof and walls. The New York City Economic Development Corporation (NYCEDC) is building the new pedestrian bridge, which will replace the Rector Street bridge located a block northward. Demolition of the Rector Street bridge and construction of the new one is expected to last two years.

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