Back HomeIn the Neighborhood: Financial District
Santiago Calatrava’s “Bird in Flight” oculus via Global Construction Review
Nov. 10
3 World Trade Center Transportation Hub
Last week, Curbed reported extended delays for the World Trade Center transportation hub’s underground mall.
The underground mall, originally planned for a late 2015 debut, will now open in the first half of 2016. Water used by construction workers to reduce debris caused leakage into the structure.
Retail giants Apple, Kate Spade, and Eataly have all signed on as tenants.
Patrick J. Foye, executive director of the Port Authority of New York and New Jersey commented that his team has made “significant progress” toward the building’s recovery.
45 Broad Street rendering via Real Estate Weekly
45 Broad Street
On Oct. 3, Robert Gladstone’s Madison Equities and the Pizzarotti Group closed on a vacant lot at 45 Broad Street for $86 million, The Real Deal and Real Estate Weekly reported.
Cushman & Wakefield is marketing the planned 65-story condo site. The Financial District, notes the team in a press release, has been benefiting from rising international interest for residential properties.
“The Financial District is experiencing tremendous condo demand from domestic and international buyers, with existing condos experiencing 25% year-over-year growth and properties under development projecting sellout prices of $2,500 to over $3,000 per square foot – more than twice the Downtown average,” read the release.
One Wall Street
The latest news of Harry Macklowe of Macklowe Properties’ residential conversion of One Wall Street came on Oct. 30 in the form of filed permits declaring 944,000 square feet for 500 plus residential units.
The tower will hold a mix of condos and rentals, including four penthouses taking up individual floors.
An apportioned 350,000 sqft of retail space is also noted in the permit, although details on tenancy have been sparse.
A glass conversion, One Wall Street should serve as a bit of ‘New Guard’ eye candy, particularly among the limestone commercial buildings and the gothic revival Trinity Church just a stone’s throw away.
Written by Alexandra Gámez New York
