Earlier this month, Fisher Brothers, Witkoff and New Valley secured financing for their 58-story, 157-unit condominium project at 111 Murray Street, in southern Tribeca, and now the team has broken ground on the building. The Kohn Pedersen Fox-designed tower is already over 40% sold, with interiors designed by MR Architecture + Décor. Completion is expected in early 2018.
The Financial District’s rapid transformation from an office to a residential neighborhood has been immensely beneficial to Lower Manhattan, and the area’s recent boom has been mostly free of architectural casualties. But that’s about to change thanks to demolition beginning on the old vestry at 68-74 Trinity Place, which will soon be removed to make way for a new Pelli Clarke Pelli-designed mixed-use building standing almost 500 feet tall.
IDM Capital, manager to the developer 809 Broadway Associates LLC, has received a $30 million construction loan for their 15-story, 10-unit condominium building at 809 Broadway, three blocks south of Union Square, in Greenwich Village. According to Commercial Observer, the project, an expansion of the existing five-story building, will measure 40,000 square feet, with a 5,000 square-foot retail portion spanning the ground and basement levels. ODA is designing, and completion is expected in 2017 or 2018.
Property owner Jeff Alexander and developer Summit Equities are planning to convert the six-story manufacturing building at 39 Clarkson Street, in the West Village, into nine condominiums. According to DNAinfo, three more stories will be added up top, and the cellar will be excavated to accommodate four parking spaces. A variance from the city is required for the conversion.
An anonymous LLC has filed applications for an eight-story, single-family residence at 526 Canal Street, in northern Tribeca. The building will measure an impressive 12,100 square feet, stand 100 feet tall, and will replace an existing four-unit building, which has already been slated for demolition. Living quarters will start on the third floor and span through to the seventh.
According to Schedule A, the “grand hall” will take up of the first floor, and a wine cave, service kitchen and formal dining room can be found on the second level. Up top, the eighth floor will have a pool, hot tub and sun room, which will open up to outdoor space and a roof garden. DXA Studio is the architect of record, and may also be designing.
