Two New High Rises Coming to WTC South
February 21, 2007
Real estate development is on the rise in the area south of the World Trade Center, with two new towers recently added to the construction slate.
The first is 50 West Street, located between West and Washington Streets at J.P. Ward Street (just north of the Brooklyn-Battery Tunnel Entrance). The project involves abatement and demolition of the location's three existing buildings, which will be replaced by a new 65-story residential tower and hotel.
Pending abatement and demolition-plan approval by the Environmental Protection Agency (EPA) and other agencies, the developer hopes to begin several months of deconstruction work as soon as spring 2007, followed by 32 months of construction.
Nearby at 111 Washington Street (at Carlisle Street), abatement and demolition of the parking garage and two neighboring buildings (numbers 109 and 107) are planned in the coming months. The project's start also depends on EPA approval, with plans to rebuild the site as a 50-story residential tower and hotel. The developer expects construction to last approximately two years.