Downtown

50 Trinity Place’s Façade Continues to Take Shape in Financial District, Manhattan

Exterior work continues to progress on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot reinforced concrete tower will yield 173 guest rooms. Cauldwell Wingate is serving as the general contractor for the project, which is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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1 Park Row’s Demolition Nears Street Level in Financial District, Manhattan

Demolition is progressing at 1 Park Row, the site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction LLC is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. 1 Park Row received a $90 million construction loan from Los Angeles-based Parkview Financial last summer.

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St. Nicholas Greek Orthodox Church Continues to Wrap Construction in the Financial District, Manhattan

Construction is getting close to completion on St. Nicholas Greek Orthodox Church in the Financial District. Designed by Santiago Calatrava and developed by The Port Authority of New York and New Jersey, the reinforced concrete structure sits atop Liberty Park by the intersection of Greenwich and Liberty Streets. The ground floor of the religious facility is adjacent to the elevated park space and also rests on the roof of the vehicle security center for the subterranean ramps that run beneath the World Trade Center.

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NYU’s Expansion at 181 Mercer Street Nears Completion in Greenwich Village, Manhattan

Construction is nearing completion on NYU‘s campus expansion at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot complex consists of three towers rising from a full-block podium between Houston, Mercer, and Bleecker Streets and I.M. Pei’s University Village complex. The project is the culmination of over a decade of proposals, planning, and building that dates back to the mid 2000s. Turner Construction Company is the general contractor for the development, which is aiming for LEED gold certification.

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