NEW YORK | 60 Fulton Street | 236 FT | 23 FLOORS

[chris08876]

Seems like this went unnoticed.

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Brausers land $62M to build new Fulton Street apartment tower

Scheduled for completion in 2016, the 23-story project will be developed by Socius Development Group, and will contain a total of 120 rental units (96 market rate and 24 affordable) comprised of studio, one- and two-bedroom floor plans. Exhibit will offer residents views of the Manhattan skyline, East River and Brooklyn Bridge.

Property amenities will be located on the 23rd floor and will include two landscaped rooftop terraces with indoor and outdoor fireplaces, resident lounge, demonstration kitchen and dining area, game room, fitness center and yoga studio. With frontage along Fulton Street, the project will also contain 6,800 s/f of retail.

This is the second collaboration between Scott Aaron, managing principal of Socius Development Group and the Brauser family. They previously developed 100 West 18th Street, a luxury condominium and retail development in Chelsea.

The HFF team representing the borrower was led by managing director Rob Rizzi, managing director Michael Gigliotti and director Jennifer Keller.
“The project is strategically positioned to benefit from the ongoing transformation of the Financial District into a vibrant residential neighborhood,” said Jennifer Keller.

“This construction-perm loan allowed the sponsor to lock a historically low fixed interest rate with an opportunity to increase proceeds upon stabilization – an ideal execution for a generational owner.”

Construction Status:


Credit: rbrome

[chris08876]

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[antinimby]

Not attractive looking but at least it replaced a parking garage.

[Nexis4Jersey]

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[chris08876]

Credit: nyc1

[chris08876]

Credit: rbrome

[chris08876]

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[chris08876]

Construction Wraps On 60 Fulton Street, Financial District

Construction is wrapping up on 60 Fulton Street, with the leasing gallery now open. Hill West Architects are responsible for the design, and the the 23-story tower has been dubbed “Exhibit,” in recognition of the curated photographic art exhibition on permanent display throughout the lobby, hallways, and amenity areas.

The 236-foot tall structure has a total construction area of 101,500 square feet, with 5,800 square feet dedicated to ground floor retail, and 95,700 square feet dedicated to the 120 residencies with floor-to-ceiling windows providing panoramic views of Manhattan’s skyline. More than 70 percent of the apartments will have private balconies or terraces.

The site is situated near the Fulton Street transportation hub, and is just two blocks from the South Street Seaport, and the soon-to-come Pier 17 shopping area.

Socius’ principal Scott Aaron said “Curating an entire rental building in New York hasn’t been done before. And it’s pure NYC, from the photographers to their subjects.”

A rooftop amenities space will be marketed as a Downtown Penthouse Club for residents. There will be a parlor, with billiards, poker tables, and private storage for wine and spirits. The lounge will have a large fireplace and 24-foot-tall floor-to-ceiling windows facing north towards the rest of Manhattan and Brooklyn. The rooftop space will be surrounded by a landscaped terrace, outdoor fireplace, and screening area.

The project was co-developed by The Parkland Group and Socius Development Group, and is just about ready for occupancy.

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NYY