New Developments Coming to FiDi

 

The city is everchanging. You can always expect to hear plans of new developments in any given neighborhood. New York has some of the nation's oldest buildings, while the newer ones are preparing to make history. Check out the top five residential buildings coming soon to the Financial District:

70 Pine

The 1931-built Art Deco skyscraper, formerly known as the AIG building, is preparing for some major renovations. Having been closed for decades, developer Rose Associates is in the process of turning this building into a development of residential homes, commercial space, and a hotel. The leasing for these rentals will begin in the fall of 2014.

 

5 Beekman Street

The renovations of the Temple Court at 5 Beekman Street continue, intended to open during the summer of 2015. This 19th-century office building is now in the hands of GFI developers, who plan to turn it into The Beekman Hotel. With such a rich history, GFI plans to keep some of this structure’s original details as they were.

 

The Woolworth Building

New York’s most anticipated project remains the upcoming conversion of The Woolworth; previously an office building, soon to be condominium. Alchemy Partners are turning the top fifteen floors of this structure into new residences, hoping for its completion by 2015. The penthouse price is listed for $110 million, the highest asking price ever for a condo downtown, but also described as a “castle in the sky.”

 

22 Thames Street

Acclaimed architect, Rafael Vinoly, plans to create a skyscraper that reaches the height of 960 feet, making it the tallest residential building in Lower Manhattan. The Fisher Brothers and the Witkoff Group are the developers of this project. Vinoly designed this building as tall, thin, and glassy, with the completion set for the spring of 2017.

 

19 Park Place

Architect, Ismael Leyva and developer ABN Realty are pairing up to work on the Financial District’s newest futuristic structure, located at 19 Park Place. This building will stand 21 stories tall and will be entirely residential. Only 25 feet wide, this structure will feature 24 condos, 11 of which will be full-floor homes. Given the current status of the construction, the project is likely to be completed by 2015.

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