Features
From The New Skyline
Skyscrapers Grow Taller on a Reinvigorated Fulton Street
By CityRealty Staff
Wednesday, November 16, 2016
David Lichtenstein's Lightstone Group submitted a revised permit application yesterday to construct a 61-story residential building at 128 William Street in the Financial District. According to the Real Deal, Lightsone paid $60 million for the pre-existing 12-story distressed office building at 128-134 William Street in 2014. That building is now under demolition and its parcel will join three narrow lots at 90,92, and 94 Fulton Streets, yielding an L-shaped project site.
Initial permits from 2015 called for a 50-story, 581-foot project. Now, revised documents show that the tower has grown to 63-stories and 750-feet tall - making the development among the tallest residential skyscrapers downtown. The building will be approximately the same height as nearby 7 World Trade Center, but will fall short of other buildings like New York by Gehry (891-feet), 30 Park Place (937-feet), and 125 Greenwich Street. Across its 322,022 square feet of residential area will be 188 units, hinting at a condominium development. There will be three levels of retail at the foot of the building and unit counts per floor range from 6 apartments to a single penthouse unit on the 60th floor. Listed amenities include several roof terraces, a basketball court, pool and fitness rooms.
With a mostly rebuilt World Trade Center and revived South Street Seaport anchoring both ends of Fulton Street, the vibrant corridor is now experiencing a flurry of residential construction. Nearby at 112-118 Fulton Street, Carmel Partners is building a 482-unit rental tower whose height has recently been augmented to 758-feet, 63-stories. Lexin Capital is preparing to build a 40-story residential tower designed by ODA Architecture at 75 Nassau Street, and the Brauser Group recently topped off construction on the Exhibit at 56 Fulton Street, which will be a 23-story, 120-unit rental.
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