NEW YORK | 118 Fulton St | 758 FT | 63 FLOORS

[NYguy]

http://www.dnainfo.com/new-york/20130503/financial-district/48-story-tower-will-rise-on-fulton-street-this-summer#ixzz2SEXklarD

48-Story Tower Will Rise on Fulton Street This Summer


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http://assets.dnainfo.com/generated/photo/2013/05/fulton-stret-high-rise-13675199102397.JPG/image640x480.jpg

Developer Lightstone Group is planning a 48-story mixed use building on Fulton Street. Construction is slated to start this summer.
Pictured on the right is a 61-floor version of the building, which developers have said they do not want to pursue.


May 3, 2013
By Irene Plagianos



A new 48-story residential and commercial building will rise on Fulton Street this summer, the developer revealed this week. The 463-unit tower, situated between Nassau and Dutch streets, will soar above a block populated with mostly low-rise shops and apartment buildings, replacing a row of smaller buildings that will be torn down, representatives for developer The Lightstone Group told Community Board 1 Wednesday evening.

The existing five and six-story apartment buildings that will be demolished — from 112 to 120 Fulton St. — are home to chains including Radio Shack and Five Guys Burger and Fries, as well as several mom-and-pop shoe, clothes and jewelry stores.

The Lightstone Group plans to offer 93 apartments, or 20 percent of the units, as affordable housing. They will give preference to tenants who are residents of Community Board 1 in Lower Manhattan, said Meir Milgraum, Lightstone’s director of acquisitions and development. The project requires a zoning change to allow for the affordable housing. CB1's Financial District Committee offered advisory support for the change on Wednesday — though residents did voice concerns.

The narrow street has seen substantial construction in the past couple of years. Just two blocks up, the massive, $1.4 billion Fulton Street Transit Center at Broadway remains in the works, saddling locals with years of construction-related street congestion.

“I know you’re a business man, but we’ve lived through continual construction for a very long time and it’s been incredibly difficult,” said Jonathan Heuser, the president of the condo board for 119 Fulton St., a five-story building that sits right across from the future construction site. “We just hope you’ll be sensitive to that while you move ahead with the project, and we all hope that eventually all this construction will be an improvement for the neighborhood.” Heuser said he knows of several renters who have already decided to leave the block, after hearing about a possible high-rise on the way.

As for the tenants of the soon-to-be-demolished buildings, several said those were just the breaks of being a renter in the city. “I really like my apartment, but what are you going to do,” said Manny Colon, a renter in 112 Fulton St. who’s lived in the building for five years. “We’ll just try to find someplace else.”

Several of the mom-and-pop stores on the block are now plastered with “Going Out of Business” signs. “Rent is crazy Downtown — I don’t know if we’ll be back,” said Dan Reda, owner of “urban wear” store “Stylz” at 114-116 Fulton St. His lease is up at the end of June, and he was told it won’t be renewed. “I’ve been here for eight years — I don’t know what’s next,” he said.

The new development will also include nearly 20,000 square feet of retail space, but Lightstone’s Milgraum said the current tenants aren’t being given any preference for space in the complex. He also wouldn’t spell out how much he’d charge for the apartments, or commercial units. “It will be market value,” Milgraum said. “We’re going to rent for however much we can get.”

The construction is expected to take two to three years, and Milgraum said he would actively work with the community to make it as smooth as possible.



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[Tectonic]

Wow SSP surely does not sleep. I like that you guys cover the world. I will be in 'SFO' in a couple weeks.

[Crawford]

I hope they go with the 61-floor version. I prefer that design, and the added height.

[NYguy]

^ Yeah, the massing looks sleeker. I don't know what's going on here. Usually these developers are pushed to include some type of affordable housing. But here, they seem to want to go out of the way to include it. I wonder what else they're asking for.


The project requires a zoning change to allow for the affordable housing.


http://assets.dnainfo.com/generated/photo/2013/05/fulton-stret-high-rise-13675199102397.JPG/image640x480.jpg

[SkyscrapersOfNewYork]

Action At Lightstone's FiDi Site
Wednesday, July 24, 2013, by Jessica Dailey

FINANCIAL DISTRICT—A tipster informs us that construction fencings has gone up at the 112-120 Fulton Street site where the Lightstone Group is building a 48-story tower (pictured at right). The developer will tear down the existing buildings on the site, but no demolition permits have yet been filed. Alteration permits have been approved, though, so we expect demo work will soon follow.
http://ny.curbed.com/archives/2013/07/24/action_at_lightstones_fidi_site_boat_tours_for_design_lovers.php

http://ny.curbed.com/uploads/112-120fulton-lightstone.jpg
http://ny.curbed.com/uploads/112-120fulton-lightstone.jpg

[SkyscrapersOfNewYork]

Downtown's uninspiring designs keep coming...hopefully not final.

[Hudson11]

i heard this project was as-of-right, things should move along quickly as soon as things start

[babybackribs2314]

They should double air rights for residential development across the FiDi/Seaport; these towers are so boring and uninspired. They might as well be tall, and in exchange for transit improvements from the developers, they would add to Downtown -- despite all the recent conversions and new construction, the FiDi remains mostly dead.

Soon the neighborhood will have three 800'+ residential towers under construction, but still - things could be taller! ;)

[NYguy]

^ Fulton Street itself was to be the "spine" of the revitalized financial district. There are multiple initiatives in place that will change the dynamic of the area, making the financial district more of an after hours place. But I don't want to go into that here.


http://www.renewnyc.com/ProjectsAndPrograms/fulton_street.asp

[easy as pie]

in a way, this project is a bummer because it's nuking precisely the sort of active street that the fidi is so hard-up for. pretty much everything south of fulton is a wasteland of road and tower. i'm prepping a move to nyc for next year and one of the major things for me is to make sure that i'm working in mid-town, because i find the fidi so unpleasant to be in. granted, i'm not keen on what this one with bring to the street in terms of retail and that, but assuming a garage ingress, this sort of tower project doesn't improve things. great for skyscraper creeps like us looking at the skyline, bad for the neighborhood qua destination beyond the office hives.

[Perklol]

Decent filler.

[NYguy]

http://online.wsj.com/article/SB10001424127887324635904578644293357217484.html

Bridge Financing to Assist Fulton Street Development

August 4, 2013
Carmel Melouney



Plans for a $280 million luxury development in the Financial District near the new Fulton Center transportation hub have just received a cash injection.

Lightstone Group, a large closely held real-estate company, has just closed on a $43 million construction loan with Banco Inbursa SA for its Fulton Street project. The loan has a one-year term with two one-year extensions.

"This loan right now is an interim bridge loan until we start construction, then we'll get more construction financing," said Mitchell Hochberg, Lightstone's president.

The company has spent $76 million purchasing buildings and air rights so it can build a 58-story, 422,000-square-foot property on the south side of Fulton Street between Nassau and Dutch streets.

"We had the ability to aggregate and we thought it would be a very unique development."

This package includes 112 Fulton, 114 Fulton, 116 Fulton, 118 Fulton and 120 Fulton, and air rights to 41 John St., 43 John, 80 Nassau St., 86 Nassau, 88 Nassau, 15 Dutch St. and 122 Fulton. Mr. Hochberg said Lightstone closed on the majority of the property in December, with the remainder closing on June 13.

"We're big believers in the renaissance and the future of the Financial District with the completion on 1 World Trade Center and Condé Nast moving downtown, and the Fulton Street transit hub," said Mr. Hochberg. "It was very appealing to us. We were very focused on the Financial District, and we thought it was underserved by luxury residential."

Demolition of the existing buildings is expected to start in October, with construction commencing in February. Mr. Hochberg said construction would take two years.

When complete, the development will feature 475 luxury residential units with amenities including a 24-hour doorman, rooftop terrace and full fitness center. It will also have two floors of retail space with 18-foot finished ceiling heights totaling nearly 20,000 square feet.

In terms of retail tenants, Mr. Hochberg said Lightstone is talking to a number of companies, including both boutiques and chains. "We want them to fit with the apartments. Hopefully the retail and residential tenants will move in simultaneously," Mr. Hochberg said.



Latest permits (demo)...

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121703969&passdocnumber=01

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121702577&passdocnumber=01

[Perklol]

" ...so it can build a 58-story...."

A height increase!

[NYguy]

" ...so it can build a 58-story...."

A height increase!


Possibly, but remember, they wanted to build a lower version.



http://assets.dnainfo.com/generated/photo/2013/05/fulton-stret-high-rise-13675199102397.JPG/image640x480.jpg

Developer Lightstone Group is planning a 48-story mixed use building on Fulton Street. Pictured on the right is a 61-floor version of the building, which developers have said they do not want to pursue.

[Crawford]

in a way, this project is a bummer because it's nuking precisely the sort of active street that the fidi is so hard-up for. pretty much everything south of fulton is a wasteland of road and tower.


I don't see why this tower would lead to a less active street. There will be significant retail in the building; no less than in the existing buildings.

The relative shortcomings of the Wall Street area don't really have anything to do with too much density or height. It's because of not enough residential or hotel to active after-hours (which this building will help remediate, IMO).


granted, i'm not keen on what this one with bring to the street in terms of retail and that, but assuming a garage ingress, this sort of tower project doesn't improve things.

But why assume a garage ingress? Parking hasn't been allowed as-of-right in Manhattan for 30 years. I would guess no parking in this building. Most of the newer towers in Manhattan have no parking.

[Duck From NY]

Looks dull so far. Hope they add some little nooks and crannies at the very least.

[NYguy]

Doesn't look too bad in the rendering. Reminds me of Aqua in Chicago...


http://www.rew-online.com/wp-content/uploads/2013/08/LightstoneFultontower.jpg


http://www.rew-online.com/2013/08/20/lightstone-closes-on-43m-finance-deal-for-fulton-street-tower/

[De Minimis NY]

The textured facade should work well alongside 8 Spruce Street. As much as I love what Ghery built there, I've always felt that it has been hampered by a lack of modern architecture in its immediate vicinity.

[NYguy]

Another look at it...



http://www.pbase.com/nyguy/image/151934864/original.jpg



http://www.pbase.com/nyguy/image/151934868/original.jpg



http://www.pbase.com/nyguy/image/151934870/original.jpg



http://www.pbase.com/nyguy/image/151934872/original.jpg



Just a little resemblance...


http://www.pbase.com/nyguy/image/151934868/large.jpg__http://farm9.staticflickr.com/8342/8234877808_800efdc820_c.jpg
Aqua by kpckam (http://www.flickr.com/photos/kpckam/8234877808/sizes/c/in/photostream/)

[yankeesfan1000]

Far better than what I was expecting, but those initial renderings lowered my expectations significantly. Nice to see Beekman getting some company.

[401PAS]

Doesn't look too bad in the rendering. Reminds me of Aqua in Chicago...


I was thinking the exact same thing. Although based on the renderings, I think Aqua will still be far more impressive. It is a stunner in person.

[reencharles]

Cool. Better than I imagined... I hope it's built version of 58 floors.

[reencharles]

Posted in SSC.

Lightstone taps SLCE for 452-unit tower at 120 Fulton Street (http://therealdeal.com/blog/2013/09/17/lightstone-plans-452-unit-tower-for-120-fulton-street/)

http://therealdeal.com/wp-content/uploads/2013/09/hochberg.gif
120 Fulton Street and Mitchell Hochberg

Lightstone Group’s plans for a mixed-use building at 120 Fulton Street are a bit grander than its current incarnation.

The developer, which has officially filed a Department of Buildings application outlining its plans, aims to build a 48-story, 452-unit project between Nassau and Dutch streets. Nearly 22,000 square feet of commercial space is planned for the first and second floors of the 422,544-square-foot building-to-be, which SLCE Architects is designing.

Back in January, Lightstone paid $14 million for the building there now – a four-story, 15,600-square-foot mixed-use building. William Hocking and Raymond Sauerbrey, executives at brokerage Dalton Reid, previously owned it, as previously reported.

Building amenities include a gym and roof terrace, BuzzBuzzHome reported.

[NYguy]

http://www.dnainfo.com/new-york/20131206/financial-district/59-story-residential-tower-rise-on-fulton-street

59-Story Residential Tower to Rise on Fulton Street


http://assets.dnainfo.com/generated/photo/2013/12/fulton-street-tower-13862703116598.JPG/extralarge.jpg


By Irene Plagianos
December 6, 2013


A 59-story residential and commercial tower will soon to rise on Fulton Street the developer said this week.

Demolition will begin soon on a row of five- and six-story apartment buildings at 112 to 118 Fulton St. between Nassau and Dutch streets to make way for the high-rise. The buildings were home to a series of small businesses and chain stores such as Radio Shack and Five Guys Burgers and Fries.

Developer The Lightstone Group had initially planned to build a wider 48-story tower by including neighboring space at 120 Fulton St. But Lightstone did not win approval from the state legislature for a 421-a tax break that they would have needed to include the 120 Fulton site in their plan.

The taller, narrower tower will have 460 units, of which 20 percent will be affordable housing, the developer said.

Construction is expected to take two to three years, said Meir Milgraum, Lightstone’s director of acquisitions and development, during an update to Community Board 1’s Financial District Committee Wednesday.

Milgraum promised to work with the community to make the demolition and construction as smooth as possible on the busy, narrow block.

“I’m here and available to talk through any issues with the community as this moves forward,” he said.

[Perklol]

A height increase is always a good thing. :cheers:

[scalziand]

Massing model of the taller version;
http://assets.dnainfo.com/generated/photo/2013/05/fulton-stret-high-rise-13675199102397.JPG/image640x480.jpg

Possible facade details.
http://www.pbase.com/nyguy/image/151934868/large.jpg

[NYguy]

^ Given the design, and a sleeker tower, it could be pretty good. Not the greatest, but good.



http://www.pbase.com/nyguy/image/151934864/original.jpg



http://www.pbase.com/nyguy/image/151934868/large.jpg__http://farm9.staticflickr.com/8342/8234877808_800efdc820_c.jpg
Aqua by kpckam (http://www.flickr.com/photos/kpckam/8234877808/sizes/c/in/photostream/)

[Crawford]

Hopefully this at least tops 700 ft.

Mods, the building is 59 floors, not 58. Title should be changed.

[Hypothalamus]

Posted January 19th, 2014...
Photo Credit: Derek2k3 @WNY (http://wirednewyork.com/forum/showthread.php?t=4883&p=442127&viewfull=1#post442127)

http://farm3.staticflickr.com/2894/12038042525_f6b8643b7f_o.jpg
©Derek2k3

http://farm3.staticflickr.com/2858/12038320733_7faaf95469_o.jpg
©Derek2k2

[NYguy]

More pics...


January 19, 2014



http://www.pbase.com/nyguy/image/154197212/original.jpg



http://www.pbase.com/nyguy/image/154197213/original.jpg



http://www.pbase.com/nyguy/image/154197214/original.jpg



http://www.pbase.com/nyguy/image/154197215/original.jpg

[Hypothalamus]

http://www.buzzbuzzhome.com/ImageHive/SiteImages/images/Buzz/bbh-logo.png

Lightstone Group demolishes 112-118 Fulton Street to make way for high-rise (http://news.buzzbuzzhome.com/2014/04/112-118-fulton.html)
By: Joyce Chen APRIL 2, 2014

Demolition is active at The Lightstone Group’s 59-story mixed-use project in the Financial District.

The developer is taking down several low-rise apartment buildings at 112-118 Fulton Street between Nassau and Dutch streets. Lightstone had originally planned a wider, 49-story tower using space at 120 Fulton, but the firm did not receive state legislature approval for a 421a tax abatement required to include that site, DNAinfo reported.

The new building will have 460 units, with 20 percent of the apartments as affordable housing, the developer told DNAinfo. The apartment buildings being torn down were home to assorted small shops, including a Five Guys outpost.

In August 2013, Lightstone closed on a $43 million construction loan with Banco Inbursa SA for the project, the Wall Street Journal reported. The firm spent $76 million assembling buildings at 112 Fulton, 114 Fulton, 116 Fulton, 118 Fulton and 120 Fulton, as well as air rights at 41 John Street, 43 John, 80 Nassau Street, 86 Nassau, 88 Nassau, 15 Dutch Street and 122 Fulton.

Demolition will be complete by June, according to construction signage. The building will be finished in 2016 or 2017.

As of the last week of March 2014...

http://news.buzzbuzzhome.com/wp-content/uploads/2014/04/114-Fulton-preview.jpg

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[NYguy]

http://therealdeal.com/blog/2014/06/11/carmel-partners-set-to-buy-lightstone-site-for-more-than-170m/

Lightstone Group to sell FiDi site for more than $170M
Deal follows disclosure that Michael Shvo will pay $180M for nearby Downtown parcel


http://s13.therealdeal.com/trd/up/2014/06/Carmel-Lightstone.jpg


June 11, 2014
By Adam Pincus


The San Francisco-based investment and building firm Carmel Partners inked a contract to buy a development site at 112-118 Fulton Street in Lower Manhattan from the Lightstone Group for more than $170 million, several sources told The Real Deal.

The Lightstone Group, headed by David Lichtenstein, assembled the site composed of three parcels as well as air rights on Fulton and Dutch streets, during a long and complex process. Lightstone originally planned to build a 452-unit tower with 48 stories, on 112-120 Fulton, according to city Department of Buildings plans filed last year. However, Lightstone shifted plans and changed that to a 460-unit building with 59 stories on 112-118 Fulton after it was denied a 421-a tax abatement. That is the site that just traded.

The news comes in the wake of the disclosure that broker-turned-developer Michael Shvo is planning to buy 22 Thames Street from Fisher Brothers, Witkoff Group and others for $180 million.

The two sales underscore the surge in land prices in Lower Manhattan. Shvo will pay more than twice the $87 million the Fisher venture paid in 2012.

A team led by HFF broker Andrew Scandalios brought the Fulton Street property to market, according to sales material reviewed by TRD. That information said the site had up to 406,853 square feet of development rights. But sources close to the deal said the sale involved only about 380,000 square feet of development rights.

[NYguy]

http://jewishbusinessnews.com/2014/06/13/david-lichtensteins-lightstone-group-to-sell-fidi-site-for-more-than-170-million/

David Lichtenstein’s Lightstone Group to Sell FiDi Site for More Than $170 Million
California’s Carmel Partners Expands its foothill in New York as Lightstone divests itself of an asset there.


New York real estate firm Lightstone Group has agreed to sell its development at 112-118 Fulton Street in lower Manhattan to the San Francisco-based investment and building firm Carmel Partners for more Than $170 million, according to reports.

The plan was originally to build between 112-120 Fulton, but Lightstone was forced to remove 120 after it failed to win approval for a 421-a tax abatement. The site is said to hold anywhere from 380,000 to 406,000 square feet.

The building site includes three separate parcels of land with air rights above on Fulton and Dutch Streets. The firm had already demolished several old low rise apartment buildings there. It was the aspiration of Lightstone to construct a 48 story, 452 unit tower there, and later a 460 unit 59 story building on the site, 20% of whose units were to be reserved for affordable housing under a standard 80/20 plan.

This will be the second development site in Manhattan for Carmel Partners which is headed by Ron Zeff. Carmel owns and develops property across the United States with an emphasis in California and Washington, D.C. The company is part of a joint venture which is building a residential tower at 325 Lexington Avenue, between 38th and 39th streets in Midtown Manhattan.



http://2xkcvt35vyxycuy7x23e0em1a5g.wpengine.netdna-cdn.com/wp-content/uploads/2014/06/112-118-Fulton-Street.jpg

[JayPro]

So now, since the previous piece seems to give no indication of what would otherwise be rising instead, am I right in assuming that everything's in flux again?
And if so, more than before this transaction?
Or any less?

Or am I just over-dramatizing and looking at real-estate power-brokers simply jockeying for the best position in the Lower Manhattan highrise front?

[NYguy]

So now, since the previous piece seems to give no indication of what would otherwise be rising instead, am I right in assuming that everything's in flux again?

They could stick with the same plans, but that rarely happens.


The Lightstone Group, headed by David Lichtenstein, assembled the site composed of three parcels as well as air rights on Fulton and Dutch streets, during a long and complex process. Lightstone originally planned to build a 452-unit tower with 48 stories, on 112-120 Fulton, according to city Department of Buildings plans filed last year. However, Lightstone shifted plans and changed that to a 460-unit building with 59 stories on 112-118 Fulton after it was denied a 421-a tax abatement.

A team led by HFF broker Andrew Scandalios brought the Fulton Street property to market, according to sales material reviewed by TRD. That information said the site had up to 406,853 square feet of development rights. But sources close to the deal said the sale involved only about 380,000 square feet of development rights.


We'll see what happens. "Only" 380,000 sf compared to 406,853 sf, that's short about 26,000 sf. Hardly worthy of the "only".

[chris08876]

According to this CrainsNY article, the tower would be 63 floors versus the 59 floors on the title.

Source: http://www.crainsnewyork.com/article/20140930/REAL_ESTATE/140929862/downtown-development-site-fetches-171m ; SEPTEMBER 30, 2014


The Lightstone Group has sold a downtown development site at 112, 114, 116 and 118 Fulton St., on the corner of Dutch Street, for $171 million to a California firm that plans to build a 63-story tower there, according to official city property records.

[scalziand]

Nice flyover video from AJSNY.
http://vimeo.com/95197632

[JayPro]

Looks as if Home Insurance Plaza finally has a modern twin, if a bit visually standoffish...

[chris08876]

118 Fulton Street, 63-Story Financial District Residential Tower

http://www.yimbynews.com/wp-content/uploads/2014/10/118-Fulton-Street-2.jpg
http://www.yimbynews.com/wp-content/uploads/2014/10/118-Fulton-Street-4.jpg

The assemblage at 112-120 Fulton Street has undergone several changes over the past few years: first, the site was reduced to 112-118 Fulton after a 421-a snafu, and then, Lightstone Group sold the parcels to Carmel Partners for $171 million two months ago.

Vague renderings had been released for initial concepts, but now, YIMBY has a look at what we believe were Lightstone’s most recent plans for the site, before selling to Carmel Partners. Gerner Kronick + Valcarcal designed the 60-odd story tower, which has a simple form, distinguished by a wave-like pattern running along the facade. We’re not sure if Carmel Partners intends to follow through with this design, and no new building permits have been filed.

Fulton Street is still relatively under-built, and with the Financial District’s booming popularity for residential development, its true potential is only just becoming apparent. Anything approaching starchitecture would – at least for now – be unwarranted for the street, and something attractive but simple, like the GK+V plan, is to be expected.

Given the corridor’s heavy pedestrian traffic, a strong retail presence is appropriate. Lightstone’s plans for 118 Fulton meet the street in an attractive format, engaging with the built fabric to enhance the block’s street-wall with a relatively hefty base, before massing shrinks and the tower continues its ascent.

[...]

With the completion of the Fulton Street Transit Center, several residential towers have entered the development pipeline. Nearby, GK+V is also designing 5 Beekman, which will rise to a similar height. Both 5 Beekman and 118 Fulton will stand short of historic and contemporary icons like 8 Spruce and 70 Pine, but at approximately 700 feet in height, they will still be notable additions in their own right — along with Lexin Capital’s planned 800-foot tower spanning 75-83 Nassau Street.


http://www.yimbynews.com/wp-content/uploads/2014/10/118-Fulton-Street-1.jpg
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==============================
http://www.yimbynews.com/2014/11/morris-adjmi-designed-ladies-mile-project-clears-hurdle-at-landmarks.html

[chris08876]

New Title Based on Info: NEW YORK | 118 Fulton St | ~ 700 FT | 63 FLOORS

[chris08876]

Crews are at the site doing work. Has been reported by an SSC member. Not anything major, but there is some activity there.

[chris08876]

https://s-media-cache-ak0.pinimg.com/736x/17/67/bc/1767bc17a9efef3e0708bd3cc2f41814.jpg
Credit: VG (http://www.skyscrapercity.com/showpost.php?p=122757174&postcount=80)

[chris08876]

http://4.bp.blogspot.com/-BskAMLyfYzA/VUr7rfTcIQI/AAAAAAAAIZg/zp9-aB_8Le8/s640/SAM_2179.JPG
Credit: towerpower123 (http://www.skyscrapercity.com/showpost.php?p=123796522&postcount=81)

[hunser]

From the developer: http://www.lightstonegroup.com/casestudy/112-118-fulton-street/

The Lightstone Group


Over an 18 month acquisition process, Lightstone assembled 5 fee parcels, 8 air-right parcels, and completed 32 tenant buyouts. The result was the creation of a unique, 406,853 square foot luxury residential development with an unparalleled amenity package designed to stand 63 stories and 700 ft. tall.

112-118 Fulton Street, a trophy asset in the heart of Lower Manhattan, constitutes a perfect example of an extremely difficult assemblage of both land parcels and air rights providing an extremely low and unprecedented land basis for a Manhattan development. The value created from this complicated assemblage provided Lightstone with an opportunity to create a rare Manhattan rental opportunity.

[Lecom]

http://www.yimbynews.com/wp-content/uploads/2014/10/118-Fulton-Street-1.jpg

I love the side street treatment. The sidewalk is expanded for much better pedestrian flow, the resulting arcade creates a nice sense of place and has a good deal of precedent around Downtown (like at the 1925 Barclay-Vesey building), yet the building above follows the streetwall, maintaining Downtown's famed canyon density and avoiding the effect of a barren Modernist plaza.

[sparkling]

I love the side street treatment. The sidewalk is expanded for much better pedestrian flow, the resulting arcade creates a nice sense of place and has a good deal of precedent around Downtown (like at the 1925 Barclay-Vesey building), yet the building above follows the streetwall, maintaining Downtown's famed canyon density and avoiding the effect of a barren Modernist plaza.

I love that corner, it opens up really gorgeous view- very nice progression from the low rise buildings on Fulton to the taller towers on Nassau/Beekman culminating with 30 Park and Woolworth. Splendid!

[hunser]

U/C??

http://skyscrapercenter.com/building/118-fulton-street/19176

Official Name 118 Fulton Street
Structure Type Building
Status Under Construction
Country United States
City New York City
Street Address & Map 118 Fulton Street
Building Function residential
Proposed 2014
Construction Start 2015
Completion 2018

Figures
Height: Architectural 213.4 m / 700 ft
Floors Above Ground 63

Companies Involved
Developer Lightstone Group
Main Contractor Times Square Construction, Inc.

:cheers:

[chris08876]

Yup this is u/c. This should be moved. Steel is in place.

Piling has been occurring for well over 2 months.

[Hemeroscopium]

Yup this is u/c. This should be moved. Steel is in place.

Piling has been occurring for well over 2 months.

Lol!...they should keep piling 'till the ends of time...that project is just good to get built in Miami,west of the US 95...

[JR Ewing]

Yesterday
https://farm1.staticflickr.com/626/20734196780_49d619edf2_b.jpg

[sparkling]

http://www.yimbynews.com/wp-content/uploads/2015/10/118-Fulton-777x995.png

NIKOLAI FEDAK
OCTOBER 13, 2015
Late last year, YIMBY posted a video featuring renderings of plans for a new 63-story residential tower at 118 Fulton Street. The design featured in the film was originally created for the Lightstone Group, which sold off 112-118 Fulton Street to Carmel Partners last September for $171 million. But while the site’s developer has changed, its appearance has seemingly stayed the same, and a new on-site rendering (as well as a tipster’s submission) confirms that a design similar to the one previously posted will be built.

Continue Reading (http://www.yimbynews.com/2015/10/new-renderings-for-118-fulton-street-49-story-residential-tower-coming-to-the-financial-district.html)

[Downburst]

That's positively banal. What a shame.

[sbarn]

Wow, that is terrible. They didn't even bother to pay for a proper parapet to hide the mechanical equipment.

[Submariner]

Lazy.

[hunser]

Meh, should have had at least a parapet.

Btw the tower is U/C.

[ILNY]

Height was reduced to 574 feet (175 m).

[599GTO]

Height was reduced to 574 feet (175 m).

Good news. Shorter means this pos will be less visible in the skyline.

[chris08876]

This ones ready for lift off.

:multibow:

http://media-cache-ak0.pinimg.com/640x/67/07/28/670728ac275cdc2f29ffa7b92f4f2d99.jpg
Credit: Vertical_Gotham

[antinimby]

I took this yesterday. Maybe they're going with the previous version again? :fingerscrossed:


http://i938.photobucket.com/albums/ad224/antinimby/a873b0ed850af0ca7aec58b38170b1e7_zps5kg5hldo.jpg

[chris08876]

https://standard-discourseorg.netdna-ssl.com/uploads/yimby/optimized/2X/6/619847e7020013eb574e809ed44d2763f7a2137a_1_666x500.jpg
Credit: walpole (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-ft-63-floors/116/11)

[chris08876]

RW found a new rendering on the site DOB poster. :cool:

Credit: robertwalpole (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-ft-63-floors/116/11)
https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/9/96f7fd68413894f485b400add2b4851179cad86a_1_666x500.jpg

Compared to this:

I took this yesterday. Maybe they're going with the previous version again? :fingerscrossed:


http://i938.photobucket.com/albums/ad224/antinimby/a873b0ed850af0ca7aec58b38170b1e7_zps5kg5hldo.jpg

I think its a winner.

[chris08876]

Boy this is taking a while. Compare to Feb 21st or post 60.

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/5/5616e9f95b032340ad45ffaad9670ff934c07183_1_666x500.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-700-ft-63-floors/116/19?u=chris08876)

[chris08876]

Under Construction


https://s-media-cache-ak0.pinimg.com/564x/d9/fe/77/d9fe77c14a597d801d0cd3ba8829e54f.jpg
Credit: Vertical Gotham (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-700-ft-63-floors/116/27?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/e/e1801df3e53bd4f1fd6988e5cae7fb9d1a1aa0d2_1_666x500.jpeg
Credit: JC_Heights (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-700-ft-63-floors/116/28?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/8/845867611bf86317b868cd2a9f001b008f03fc32_1_666x499.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-700-ft-63-floors/116/30?u=chris08876)

[ILNY]

https://c1.staticflickr.com/6/5569/30143544240_52e9a2b480_h.jpg

[yankeesfan1000]

Photo thanks to rbrome on yimbyforums (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-700-ft-63-floors/116/49), and new rending thanks to JC_Heights on yimbyforums as well.

https://cdn-standard.discourse.org/uploads/yimby/original/2X/4/43da733d4b5a977d43ebb70e3ae33281fbaf118b.jpg

https://cdn-standard.discourse.org/uploads/yimby/original/2X/a/aba425c4f1b4ebd031e03f5d90a2441b733047aa.jpeg

[hunser]

^ Judging by that rendering, the tower is well over 700', and the DOB filings prove it:

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=122846812&passdocnumber=01

Pre-Filed: 10/27/2016 Building Type: Other Estimated Total Cost: $0.00
Date Filed: 10/27/2016 Electronically Filed: Yes
Fee Structure: STANDARD
Review is requested under Building Code: 2014

Building Height (ft.): 758
Building Stories: 63
Dwelling Units: 482

:cheers:

[chris08876]

Mods, can this be renamed. I made a request for it as well.

Thanks

Also, great news. 758 feet will stand out in the area. Kinda like Beekman does. Add that to One Manhattan Square, and the coming LES towers, and this flank of Downtown/LES is gaining a big addition.

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/2X/b/b6291f78ff1c553096523454f037672960da4cc6.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-112-118-fulton-st-758-ft-63-floors/116/67?u=chris08876)

[artspook]

the 2nd rendering is better than the 1st . .

[JACKinBeantown]

http://ooquotes.com/wp-content/uploads/2015/11/11-Blazing-Saddles-quotes.gif

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/7/7cc039af951059782233b89f8972b85f615e7a9b_1_684x500.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/74?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/0/025eb503f46028f404f012dd57a1c1e77422d3b2_1_690x458.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/76?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/2X/0/09fc0b3f0af4e73ea33908e3a48141b68a2cabb4.jpeg
Credit: JC_Heights (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/88?u=chris08876)

[PeterQM]

19 Dutch: FiDi's Next Rental Skyscraper Begins its 758-Foot Ascent (https://www.cityrealty.com/nyc/market-insight/features/future-nyc/19-dutch-fidi039s-next-rental-skyscraper-begins-758-foot-ascent/7782)
January 10, 2017
Construction on the Carmel Partners residential development at 112-118 Fulton Street moves heavenward after months of site preparation and foundation work. With construction now in high gear, the concrete superstructure is already 4 floors up and the Fulton Street-facing retail podium has been fully framed. With the 66-story tower quickly coming together, the California-based developer has updated their webpage on the project releasing its official name and address: 19 Dutch.


https://ds4.cityrealty.com/img/62f4ed3b208f8b681fc3ccb6db47d26125d1daac+1004++0+60/manhattan-skyscrapers-19-dutch-no-fee-apartments-rental-apartments-nyc-development.jpg

https://ds3.cityrealty.com/img/723593acab45500d4b21ba86a76f47ac0eb92637+1004++0+60/manhattan-skyscrapers-nyc-towers-nyc-architecture-new-york-development-carmel-partners-118-fulton-street.jpg

https://ds2.cityrealty.com/img/177c90da51c924c01c48957633823d658e3045cb+1004++0+60/manhattan-skyscrapers-new-york-skyline-nyc-projects-nyc-real-estate-manhatttan-apartments-19-dutch-118-fulton-street.jpg

More photos and info in the post here. (https://www.cityrealty.com/nyc/market-insight/features/future-nyc/19-dutch-fidi039s-next-rental-skyscraper-begins-758-foot-ascent/7782)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/2X/4/4208d50fc27dc7ba5d1c2b5df2eb0f5c04f9fe19.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/93?u=chris08876)

[ILNY]

https://c1.staticflickr.com/1/758/31575088123_28d2f088a9_o.jpg



https://c1.staticflickr.com/1/735/32386053645_f20ace3488_o.jpg

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/a/aba6720f2d2e609465418df2e63b47e7db360ff3_1_338x500.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/98?u=chris08876)

[chris08876]

We can see several towers:

1) To the lower left, foreground, 118 Fulton.
2) In the foreground, center right, that peice of crap 5 beekman.
3) Background on the left, 50 West.
4) 3 WTC
5) To the right of the Oculus, 200 Greenwich aka the stalled 2 WTC.
6) Far in the distance, in the center, beyond the horizon in NJ, 40 miles SW, my house.


https://scontent.cdninstagram.com/t51.2885-15/e35/16465034_1216505005135026_3227711632826171392_n.jpg?ig_cache_key=MTQ0MzY0MTAwODM3NzkzMDU3NQ3D3D.2
Credit: https://www.instagram.com/lightsensitivity/?hl=en

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/1/1912d9b87f11f530f51627ece213e76557b9f3ed_1_375x500.JPG
Credit: walpole (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/107?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/8/81e2024657557112be4963d2f8a322e69fcfc992_1_332x500.jpg
Credit: Rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/108?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/c/c1b1ffa2199ca2512b8a03efeb77484272f7b96a_1_375x500.JPG
Credit: walpole (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/115?u=chris08876)

[ILNY]

https://c1.staticflickr.com/3/2845/33033557663_7b7f227078_o.jpg


https://c1.staticflickr.com/3/2896/33003582264_ec1e7c7349_o.jpg

[Nexis4Jersey]

Taken on the 5th

https://photos.smugmug.com/Urban-Redevelopment/Under-Construction-Manhattan/i-6xKcKDF/0/XL/DSC_0082-XL.jpg (https://nexis4jersey.smugmug.com/Urban-Redevelopment/Under-Construction-Manhattan/i-6xKcKDF/A)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/2X/5/59404ecfcfcc53ea29d7ea496f7f0f57de14b5f7.jpeg
Credit: JC_Heights (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/141?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/2X/2/24d554bf9726542a3a874057242493afb86c6c9d_1_333x500.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/144?u=chris08876)

[chris08876]

https://scontent.cdninstagram.com/t51.2885-15/e35/18380280_1702079686758580_5597325156809703424_n.jpg
Credit: Light Sensitivity
(https://www.instagram.com/lightsensitivity/?hl=en)

[Got Ham]

Nice pic. I'm enjoying watching this rise. Off topic- I know and I'm sorry, but 5 Beekman never fails to shock me. What were they thinking?

[Busy Bee]

No thinking

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/optimized/3X/b/d/bd300a0256be8b24eec901c3fe544f79a9321d22_1_375x500.jpg
Credit: Rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/160?u=chris08876)

[chris08876]

Looks like this is appearing on the Brooklyn Bridge earthcam.

https://cdn-standard.discourse.org/uploads/yimby/original/3X/5/d/5d07ca96fd96c18940e56546674f6190e9680d04.jpg

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/3X/4/7/473636c64845fa2e8c9a589512aaf81eb2b874c9.jpg
Credit: rbrome (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/168?u=chris08876)

[chris08876]

https://c1.staticflickr.com/5/4273/34342402234_f886325da8_b.jpg
Credit: Tectonic (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/174?u=chris08876)

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/3X/4/8/487b809c7a1dcbca39b7bb9ad088fab18ac30889.jpeg
Credit: JC_Heights (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/176?u=chris08876)

[ILNY]

https://c1.staticflickr.com/5/4264/35106452400_8c749be8d8_o.jpg


https://c1.staticflickr.com/5/4263/35106452840_b0e6abc6be_o.jpg


https://c1.staticflickr.com/5/4215/34651723174_c7eb673240_o.jpg


https://c1.staticflickr.com/5/4265/34651723754_6ba84e6cce_o.jpg

[chris08876]

Today. From Earthcam

https://cdn-standard.discourse.org/uploads/yimby/original/3X/4/0/40380cd8fab0513196ee85dc00934af8eff41865.jpg

[chris08876]

https://cdn-standard.discourse.org/uploads/yimby/original/3X/a/7/a70814c6eca197f71af96beacfd8d6a475c7a481.jpg
Credit: 5Bfilms (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/186?u=chris08876)

[Nexis4Jersey]

Taken the other day

https://photos.smugmug.com/Urban-Redevelopment/Under-Construction--LowerManhatt/i-TnHL3vf/0/586f5487/XL/DSC_0287-XL.jpg (https://nexis4jersey.smugmug.com/Urban-Redevelopment/Under-Construction--LowerManhatt/i-TnHL3vf/A)

https://photos.smugmug.com/Urban-Redevelopment/Under-Construction--LowerManhatt/i-S3DpbMR/0/26f31c7a/XL/DSC_0220-XL.jpg (https://nexis4jersey.smugmug.com/Urban-Redevelopment/Under-Construction--LowerManhatt/i-S3DpbMR/A)

--Hosted on my site

[chris08876]

Rising very quickly.

https://cdn-business2.discourse.org/uploads/yimby/optimized/3X/2/0/200a08074da63f9bdd4542d0fe1a9fc5bd1bfc26_1_690x459.jpg
Credit: 5Bfilms (http://www.yimbyforums.com/t/new-york-19-dutch-street-118-fulton-758-ft-63-floors/116/187?u=chris08876)