In the News: 15-Story Building in the Works for Warren Street

••• “DDG Partners has acquired a distressed Tribeca site for $14.8 million and is planning to build a luxury condominium there. A five-story building that once housed a printing factory sits on the site at 12-14 Warren St. between Church Street and Broadway. The property was previously owned by a Spanish developer Renta Corp., which had intended to convert the property into a condo. Plans for 12-14 Warren St., which is less than a block from City Hall park and within walking distance of the Sept. 11 Memorial,”—the Whole Foods might be a bigger attraction for prospective residents, no?—”have not been finalized. However, DDG is buying air rights from its neighbors in order to build a 50,000- to 60,000-square-foot condo that rise 15 stories. ‘We are looking at both converting or razing the building,’ Mr. McMillan said, adding that plans for the project will be finalized in six months. ‘It’s all still in the works, but we are contemplating large units comparable to 41 Bond St.’ At that address in NoHo, DDG recently sold out its 10-story luxury condo with seven units ranging in size from 3,000 square feet to 6,000 square feet, at prices averaging $2,500 per square foot.” Boldface mine. UPDATE: DDG Partners was also responsible for the gray-on-the-outside-but-crazy-on-the-inside West/Keeler townhouse on the same block (John C. Keeler, DDG’s senior advisor and general counsel). —Crain’s

••• Related?: “The penthouse at Tribeca’s 55 Warren Street offers an 80-color light show, an amenity that hasn’t exactly equaled an incentive for prospective buyers. The apartment started at an ask of $16.5 million, chopped its price to $14.995 million in June, and has just chopped again, this time by a hefty $3 million, or 20 percent. The new price: $11.995 million.” —Curbed

••• “A British gastropub is replacing the shuttered Uncle Mike’s bikini bar at 57 Murray St. in Tribeca, new owner Brian McLaughlin revealed Monday. Called Cricketer’s Arms, the new bar and restaurant will serve English favorites like bangers and mash [….] ‘We’re going for a more family-oriented old English pub,’ said McLaughlin, who was not affiliated with Uncle Mike’s. ‘We want to see mothers and strollers as well as guys drinking beer.’ […] McLaughlin, a native of Ireland, already owns three Downtown taverns—Dark Horse at 17 Murray St., The Irish American at 17 John St. and Liam’s at 90 Fulton St.—but he said Cricketer’s Arms will be more focused on food. A preliminary menu for the 64-seat eatery features Cornish game hens, homemade turkey sausages, lamb curry and fried Brussels sprouts with bacon, McLaughlin said. He plans to encourage locals to drop in during the day by offering cappuccinos and scones.” —DNAinfo

••• “Something’s afoot at 80 South Street, defunct home of Santiago Calatrava’s Tower o’ Penthouses [….] Plans are in the works to build a 300,000-square-foot, 780-foot-tall tower on the site that could be a mix of hotel, residential, and community space. Cord Meyer Development is the owner of the property and currently working out the specifics of air rights it has purchased over the years, and whether one half (150K square feet) of residential building will be allowed. Morali Architects has been posting renderings on its Facebook page along with notes on a planned mixed-use tower for the address. Early thoughts on what’s in store with the new designs: a high-tech garage on the first three levels to equal the height of the elevated FDR drive; above that a small museum highlighting the history of FiDi and the Seaport”—don’t we already have one of those?—”and a restaurant and spa befitting a 200-room boutique hotel. Other eco-conscious elements of the building include cascading gardens throughout the segmented facade, a heat pump to be installed when caissons are sunk as part of the foundation, and a building skin made of photovoltaic glass.” —Curbed

••• “Concerns raised by community leader Percy Corcoran about the proposed site for an automated bike rental kiosk on West Thames Street have led the City’s Department of Transportation to agree to meet with the Battery Park City Committee of Community Board 1 and discuss alternatives.” —Broadsheet

••• “The New York Supreme Court cleared the way for Soho nightclubs Greenhouse and W.I.P. to reopen.” —Eater


1 Comment

  1. I welcome the new owner of Uncle Mike’s. My experience living very close to his other establishment, the Dark Horse, is that they are good neighbors. However it’s dubious to me that he wants to argue for the 4:00am closing time, especially since he claims to be “going for a more family-oriented old English pub,” Especially since Woodrow’s a few doors down (and Dark Horse, incidentally) both have 2:00 closings, and the bar sits in the middle of a lot of residences. That issue aside, let’s patronize him and hope he succeeds.