The Financial District‘s new 23-story luxury rental tower Exhibit offers what’s becoming the usual package of high-end amenities–a wrap-around roof deck, lounge, and fitness studio complete with a yoga room and Pelaton indoor cycles–but what sets the project apart is that it’s considered the city’s “first curated rental residence.” The building at 60 Fulton Street has on display a collection of more than 100 pieces of art, from works by a 5 Pointz graffiti legend to massive photography, which they consider “a dynamic celebration of the downtown art, music, culture, and style that made New York City the capital of the world.” Whether or not you buy into the hype, you might have a chance to live in this hip building for a lot less. The lottery is currently open for 30 affordable units ranging from $613/month studios to $2,733/month two-bedrooms, reserved for households earning 40, 60, or 130 percent of the area median income.
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Rendering via REX Architecture
The project to bring a performing arts center to the World Trade Center is finally back on track, almost 15 years after the idea was included in the original vision for rebuilding the area post-9/11. Gov. Andrew Cuomo announced on Thursday an agreement for a 99-year lease between the Port Authority and the World Trade Center Performing Arts Center Inc. (PAC) for $1 per year, paving the way for construction to begin. Named for the billionaire who gifted $75 million to the project, the Ronald O. Perelman Performing Arts Center will include 200,000 square feet of space, three halls and a rehearsal space, a restaurant and a gift shop. If everything moves smoothly, the center could open as soon as the 2020 or 2021 season.
Fearless Girl and Charging Bull statues on Wall Street; via Anthony Quintano’s Flickr
The temporary bronze sculpture that has attracted millions of tourists and locals could become a permanent fixture in New York City, according to Adweek. Commissioned by State Street Global Advisors, the Fearless Girl statue was installed last March, a day before International Women’s Day, sending a message to Wall Street for the need of gender equality in the financial world. With her chin up and hands firmly on her hips, the 250-pound statue defiantly faces the iconic Charging Bull statue, which has stood in the same spot since 1989. And now the city might relocate the pair of statues from Bowling Green Park in lower Manhattan to another, more pedestrian-friendly home to ease safety concerns.
59-81-Washington-Street ca. 1935, via NYPL
The Lower West Side may not be a neighborhood name used by brokers, but for those involved with preservation efforts in the area, it’s a neighborhood very much unique from the surrounding Financial District. Encompassing the area west of Broadway from Liberty Street to Battery Place, it was originally home to Irish and German immigrants, followed by Little Syria, the nation’s first and largest Arabic settlement, from roughly the 1880s to 1940s. But the construction of the Brooklyn Battery Tunnel and World Trade Center “nearly wiped the neighborhood off the map.” There are still several buildings remaining that serve as a connection to the past, however, and Friends of the Lower West Side is working diligently to make sure this history is not lost, expanding its oral history program, offering walking tours of the area, and appealing to the Landmarks Commission to designate a small historic district.
A 762-foot skyscraper in the Financial District is now accepting applications for 97 affordable apartments. Developed by Carmel Partners and designed by Gerner Kronick + Valcarcel and SLCE Architects, the residential development at 118 Fulton Street (also known as 19 Dutch Street) contains 483 rental units. The glassy tower will have over 8,000 square feet of retail space on the cellar, first and second levels. Qualifying New Yorkers earning 60 percent of the area median income can apply for units ranging from $788/month studios to $1,025/month two-bedrooms.
Photo courtesy of the Greek Orthodox Archdiocese of America
Construction company Skanska USA stopped work at the St. Nicholas Greek Orthodox Church this month after the Greek Orthodox Archdiocese of America failed to make payments on the project. The cost of rebuilding the church, which was destroyed in the terror attacks on 9/11 more than sixteen years ago, increased to an estimated $78 million from a 2013 estimate of $20 million. While the archdiocese raised $37 million in donations, it was still unable to pay its bills, prompting an independent investigation of the church’s financial mismanagement, as the New York Times reported. Since learning of its deficit, the archdiocese has cut 25 percent of its staff and 25 percent of its expenses. A new treasurer and a chief financial officer have also been hired.
In 1883, one of NYC’s first skyscrapers opened at the corner of Nassau and Beekman Streets. Known as Temple Court, the nine-story red brick and terra cotta structure was designed in the Queen Anne style by architect James M. Farnworth to attract accountants and lawyers who needed to be close to the city’s courthouses. Its most impressive feature was its central atrium that rises the full height and is topped by a large pyramid-shaped skylight and two rooftop turrets.
In the 1940s, this romantic atrium was walled in from top to bottom, and by 2001, the last commercial tenant moved out, ultimately sending the building into disrepair, a crumbling shell open to the elements. Plans to restore Temple Court into The Beekman hotel and add an adjacent 51-story condominium tower first surfaced in 2008, but before work got underway in 2012, we were granted the rare opportunity to explore the architectural gem in its eerily beautiful derelict state. And now that guests are filling up the 287 hotel rooms, the main floor is buzzing with restaurants from restaurateurs Tom Colicchio and Keith McNally, and the atrium’s skylight and Victorian cast iron railings and ornamentation have been restored, we went back in to document how this one-of-a-kind landmark has been restored.
Renderings courtesy of Lightstone
Nearly four years after wrapping up his first NYC project, Harlem’s Sugar Hill affordable housing development, renowned British architect David Adjaye is inching closer to completing his first skyscraper in the city. Preliminary plans for his Financial District condo tower surfaced in May, but developer Lightstone has shared the first official reveal of the tower, now known as 130 William. The height has increased from 750 to 800 feet, or 61 to 66 stories, and it will hold 244 residences. Adjaye says the “rich history” of one of “the city’s earliest streets” influenced the building’s unique concrete form. “I was inspired to craft a building that turns away from the commercial feel of glass and that instead celebrates New York’s heritage of masonry architecture with a distinctive presence in Manhattan’s skyline,” he said.
Rendering of 125 Greenwich Street, courtesy of March
Shortly after the launch of condominium sales last month, new renderings of 125 Greenwich Street were released Thursday, revealing its imposing height over neighboring Financial District towers (h/t YIMBY). The proposed 912-foot tall luxury condo designed by Rafael Viñoly Architects, the firm behind staggering 432 Park Avenue, features 273 total units, including 190 studios and one-bedrooms. Upon its completion, 125 Greenwich will have the third-highest apartments in lower Manhattan, after the Four Seasons Private Residences at 30 Park Place and nearly complete 45 Broad Street.
Construction kicks off on Trinity Church’s Pelli Clarke Pelli-designed community center and office tower, Wed, October 18, 2017
One year ago, Trinity Church Wall Street revealed plans for a $300 million mixed-use tower designed by Pelli Clarke Pelli that would link to the historic Neo-Gothic church by a footbridge over Trinity Place. Earlier plans for luxury condos were squashed by the community, so Trinity decided instead to build an office tower and community space that will “allow the church to continue to shape the area and advocate for the community in the future,” as the Rector, Rev. Dr. William Lupfer, explained. And it looks like the future is now; according to CityRealty, the Department of Buildings approved plans for the 26-story building and construction is underway.