Three years after completing his first New York City building, an affordable housing complex in Harlem called the Sugar Hill Development, starchitect David Adjaye is back. This time, he’ll be working with David Lichtenstein’s Lightstone Group to design a 61-story, 750-foot-tall condominium in the Financial District at 130 William Street known as the Wall Street Tower. Early conceptual studies uncovered by CityRealty show a gold-trimmed prism set against rigid rows of arched windows, as well as a glimpse at what the 244 apartments and amenity spaces will look like.
363 Bond Street, via Lightstone Group
When the Lightstone Group revealed their two-building, 700-unit, $350 million rental project at 363-365 Bond Street, right on the banks of the notoriously toxic Gowanus Canal, president Mitchell Hochberg said it was inspired by a residential project in the Canal Saint-Martin neighborhood in Paris that helped create a “newly hip atmosphere” near a similarly polluted waterway. Despite the area’s Superfund status, the promise of living in a trendy, up-and-coming area surely appealed to many; when the lottery opened for the 86 affordable units at #365, nearly 60,000 people applied. Now, the lottery is opening for the 54 below-market rate apartments at the under-construction #363, ranging from $833/month studios to $1,082/two-bedrooms, available to those earning 60 percent of the area median income.
Rezoning and the promise of public right-of-way on the west Brooklyn Superfund canal could bring an esplanade like Williamsburg’s, a recreation area and lots of new development. The light-industrial zone wedged between pricey Park Slope and Carroll Gardens hasn’t accurately been a polluted flyover zone for decades, but the fact that it now boasts a flagship Whole Foods with a rooftop farm hasn’t gone unnoticed. As 6sqft reported recently, the canal-side enclave, despite the sometimes-fragrant waterway in its midst, is on a par with its neighbors as one of the city’s most expensive neighborhoods. Now Crain’s tells of rezoning plans and lucrative developments that could open the door for a public esplanade and waterfront amenities like those along the Hudson and the East River.
The remainder of Chelsea‘s flower district continues to shrink, blossoming new hotels instead of floral shops. This latest stalk will rise mid-block at 105 West 28th Street and will be the largest lodge yet, growing 35 stories and budding 343 rooms, according to recently approved building permits.
The tower is anticipated to be among New York’s first batch of Moxy hotels, a new Marriott brand focused on affordable three-star accommodations for young travelers. Last year, Bloomberg reported that Lightstone is committing $2 billion to develop and invest in lodging properties over the next few years, and will be building five Moxy hotels in New York. Recently, financing was secured for a 618-room Moxy flagship at 485 Seventh Avenue in the Garment District.
363-365 Bond Street, via Lightstone Group
One of the Lightstone Group‘s two new rental buildings in Brooklyn’s Gowanus neighborhood is set to open Tuesday. The new residence at 365 Bond Street, along with its neighbor at 363 Bond (a year from completion) represent a $350 million effort by the developer to build 700 luxury rental apartments on the left bank of the Gowanus Canal. Designed to look like an historic brick-walled warehouse, market-rate apartments at 365 Bond start at over $2,000 a month for a studio and over $3,000 for a one-bedroom unit, according to the Wall Street Journal. Lightstone President Mitchell Hochberg says the project was inspired by the Canal Saint-Martin neighborhood in Paris, known for a residential project near a similarly polluted waterway which helped create a “newly hip atmosphere.”