Downtown

Earlier this week, the city’s School Construction Authority disclosed a deal with Trinity Place Holdings to include a 476-seat elementary school within the base of a planned mixed-use development at 32-42 Trinity Place, in the Financial District. Yesterday, the New York Post revealed renderings of the 35-story tower, which will be known as 77 Greenwich Street. The 285,000 square-foot building will rise 500 feet above street level, and in addition to the school, will include roughly 85 condominium units and 7,000 square feet of retail space. The school will span the first nine stories in the structure, so units will begin 150 feet above the street, offering expansive waterfront views. Only the vacant six-story commercial building at 32-42 Trinity Place is expected to be demolished. Some of the air rights at 85 Greenwich are being used along with rights from the developer-owned, four-story Dickey House, an individual landmark at 67 Greenwich.  FXFOWLE Architects is designing and completion is set for 2019.

L+M Development Partners is moving forward with an unknown development at 23-32 Park Row, in the Financial District. Last week, YIMBY forumers posted that demolition permits have been approved to take down the four-story building at 23-27 Park Row, the five-story property at 29 Park Row, and the five-story structure at 31-32 Park Row. All the buildings were formerly used as commercial-retail space and demolition can commence as soon as the structures are prepped. The property assemblage consists of a 17,855 square-foot plot with just under 150 feet of street front on Park Row. The site can accommodate 267,825 square feet in development potential as-of-right, according to our calculations, and it could sprout an office or hotel building with retail space, or a mixed-use project with residential units.

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.