A report released Monday by the Downtown Alliance shows that the area south of Chambers Street in lower Manhattan is chock full of young New Yorkers with plenty of disposable income; the development advocacy group hopes the news will result in the creation of more options for them to spend it. Crains reports on the survey, which found that 60 percent of apartments in a growing residential sector that includes the Financial District, Battery Park City and the South Street Seaport are home to single tenants and roommates with no children, one of the highest concentrations of young singles–defined as 18- to 44-year-olds, in the city. This spendy demo hits the town every other night on average, blowing about $1,000 a month, adding up to $356 million a year. But according to the report, half of that is spent in other neighborhoods due to a lack of “appealing options” in the area.
South Street Seaport
At this Beekman Street residence, two small apartments had been combined into one large one by a previous owner. Architecture and design firm Triarch reworked the floor plan to better connect the apartment’s series of separate rooms. The end result combines candy-coated pops of pink, red and purple, eye-popping art and contemporary finishes to make the home feel playful and creative, as well as livable.
Though they didn’t have much luck with their controversial tower at the Seaport, SHoP Architects and the Howard Hughes Corporation have gotten approvals for their revamp of the historic, 1983 Fulton Market Building. Yimby reports that on Tuesday, the Landmarks Preservation Commission approved the revised design for the building’s exterior, which alters the signage from the original 2014 proposal. To show how the signs will look, SHoP prepared several new renderings of the site.
This South Street Seaport loft, at 272 Water Street, certainly hasn’t abandoned its history. It still retains details of the former warehouse building and boasts an undeniably lofty interior. But it’s also been decked out with plenty of high-end finishes, like new plank floors and a custom wood and steel staircase leading to a lofted bedroom. The owner and renovator (per Curbed) is the Director of Team Operations for the New York Yankees, who travels so often he only enjoys the space about half the year. Likely why he’s just listed the home for $1.595.
Though the appliances and fixtures are state-of-the-art, and lots of consideration has been given to comfort and daily life, this 1,000-square-foot lower Manhattan loft at 330 Pearl Street is no “loft.” It’s just the sort of authentic downtown space your cool friends lived in when they moved to the city back in the late ’80s, with its flexible open spaces (or lack of actual rooms, depending on how you look at it), industrial finishes, big windows, beams, brick, white, and custom-built almost-everything. And though it’s less common to find a loft like this on the market in the places you might have back then (Soho, Noho, Tribeca), the Seaport comprises a rare corner of the city that’s geared up for growth but still a bit undefined–perhaps the perfect spot for an authentic loft.
Capitalizing on a revitalized Financial District, Fulton Street is bursting with residential development activity. With a re-imagined Fulton Street Transit Hub open and the second coming of the World Trade Center shopping center and Pier 17 on the horizon, at least five sizable towers are jostling to join the street’s renaissance.
Most interesting of the bunch is a 40-story residential skyscraper set to rise at 75 Nassau Street. Developed by Lexin Capital and designed by ODA Architects, its 307,000-square-foot, slab-like massing is distinguished by fragmented and nibbled-away edges that run vertically along the tower’s corners. At its more than 500-foot-high pinnacle, a forest of trees will top the structure, giving the high rise a profile that will recall the iconic finials of the district’s skyscrapers.
Rendering of the proposed 494-foot tower via SHoP Architects
The long-plagued condo tower designed by SHoP Architects for the Fulton Fish Market site at the South Street Seaport has been nixed, according to statements made by the Howard Hughes Corporation at a community board meeting last night. DNAinfo, who first reported on the fate of the 494-foot tower, says that the developer will instead construct a “not tall” commercial building at what’s now known as the New Market Building site.
INTERVIEW: Captain Jonathan Boulware Sets Sail as the South Street Seaport Museum’s Executive Director, Wed, October 21, 2015
The South Street Seaport Museum may not be one of New York City’s glitziest institutions, but it’s certainly one of the most resilient and perhaps the one most closely tied to the founding of the city itself. Using actual historic buildings and ships to provide interactive exhibits and educational programs, the museum tells the story of New York’s rise as a port city and how that led to the development of the entire country. But the seaport location became all too real in 2012 when Hurricane Sandy ravaged the entire historic district, leaving the museum with $20 million in damages and the loss of its institutional partner, the Museum of the City of New York.
Now, three years later, the South Street Seaport Museum is sailing into new territory, thanks in large part to its recently appointed executive director Captain Jonathan Boulware, a lifelong sailor, marine educator, expert in historic ships, and all-around lover of maritime history and culture. In August, Boulware and his team landed a $10.4 million FEMA grant to repair the storm damage, and in May, the museum launched a $10.6 million city-funded project to restore Wavertree, one of the museum’s most significant historic ships. With these exciting developments underway, we caught up with Captain Boulware to learn a bit about his background, what visitors can expect at the museum, and where the institution is heading.
Rendering of the revamped Tin Building via SHoP Architects
Perhaps spearheaded by the Smorgasburg foodie culture, putting multiple local food vendors in one place has become a recipe for success in NYC development projects. There’s the Hudson Eats food hall at office-filled Brookfield Place, the forthcoming food court by Anthony Bourdain at Pier 57, Danny Meyer’s possible giant food hall at Hudson Yards, the 55-vendor Dekalb Market Hall planned for Downtown Brooklyn’s City Point, and the food hall at Sunset Park‘s Industry City, to name just a few. So it comes as no surprise that the South Street Seaport redevelopment will boast not one, but two massive food halls.
The Post reports that none other than three Michelin-starred chef Jean-Georges Vongerichten (ABC Kitchen, the Mercer Kitchen, and JoJo are just a few of his famed restaurants) will be spearheading the foodie revolution at the Howard Hughes Corporation’s $1.5 billion mega-development. According to the paper, “The great chef and his business partner Phil Suarez have signed a lease/partnership contract with NYSE-listed Hughes to launch two major Seaport projects — a 40,000 square-foot, seafood-themed marketplace inside the Tin Building and a 10,000 square-foot restaurant in a rebuilt Pier 17.” Both are expected to open in 2017.
Rendering created by CityRealty based on the reported height
There’s no slowing down the city’s supertall boom. Crain’s reports yet another 1,000-foot plus tall tower could soon be joining the New York City skyline, rising at the combined sites of 80 South Street and 163 Front Street. Chinese investment company China Oceanwide Holdings released a statement saying they would be purchasing the development parcels for $390 million through a U.S. subsidiary from current owner Howard Hughes Corporation. The new tower will sit just south of the South Street Seaport, and amid a grouping of other tall, but not quite as tall, towers.
Site excavation has begun on a sleek condominium tower set to erupt into the forefront of one of Manhattan’s most iconic and historical vistas. Developed by Brooklyn-based Fortis Property Group, a 5,000-square-foot site at 161 Maiden Lane is slated to give way to a 150,000 square-foot tower positioned to become downtown’s first residential skyscraper directly fronting the East River.
Earlier this month, Curbed (via Fredrik Ecklund’s Instagram) revealed the project’s official name of “One Seaport” and that it will rise 60 stories. Whether that number reflects actual floors or phantom Trump floors remains to be seen, but permits filed with the Department of Buildings last summer detail a 51-story, 640-foot glass prism designed by Goldstein Hill & West Architects (GHWA). Either way, given the project’s location, small lot size and lack of height limitations, One Seaport promises to be a new marker in the downtown skyline that will provide its lucky residents with spectacular views of the bridges, Brooklyn, and beyond.
Rendering of the proposed tower
Less than a week after it was revealed that the Howard Hughes Corporation paid $31 million for more than 300,000 square feet of air rights at the South Street Seaport, it looks like the entire $1.5 billion redevelopment project could be stalled. The overall plan would breathe new life into the downtown historic district by rehabilitating crumbling piers, preserving and finding new use for landmark buildings and constructing a 42-story waterfront condo tower at the foot of Beekman Street. And it’s this last point that has local officials, civic groups, preservationists and some community residents worried or downright angry.
The 494-foot-tall, SHoP Architects-designed tower has already been scaled back from its original 650 feet, but concerned parties still feel that the building would “obscure views of the Brooklyn Bridge and clash with the low-scaled, early-19th-century brick buildings that make up the 11-block seaport district, once the center of the city’s maritime industry,” according to the New York Times.
This week, the Howard Hughes Corporation gave a presentation to the South Street Seaport community about their residential tower planned for the waterfront beside Pier 17. The original design by SHoP Architects was 52 stories and 650 feet, but to satisfy concerns by neighborhood residents and elected officials about the tower’s appropriateness, the firm scaled back the design to 42 stories and agreed to also build a middle school and waterfront esplanade. But even this revised plan was met with much criticism at the community meeting; Manhattan Borough President Gale Brewer and City Council member Margaret Chin both expressed that they would not support the tower and likened it to plopping a high-rise in the middle of Colonial Williamsburg.
The luxury residential tower is part of Howard Hughes’s overall $305 million plan for the Seaport, which, if approved, would include a restoration of the historic Tin Building and a new home for the Seaport Museum.