In the News: 70 Pine to Have Up to 1,000 Rentals

••• “Venerable New York real estate dynasty Rose Associates has taken the lead role at 70 Pine St., the vacant landmark skyscraper still awaiting conversion to apartments after two disappointing false starts. Rose Associates quietly bought the widely reported stake previously held at 70 Pine by Nathan Berman’s Metro Loft Management, [the New York Post] has learned. AIG’s former headquarters will have up to 1,000 rental apartments in 750,000 square feet and 40,000 square feet of retail. Completion is slated for late next year or early 2014. […] There’s no word on how the top-floor observatory will be used—a unique Art Deco space with wraparound windows and vertigo-inducing balconies.”

••• “There’s no word on whether the Battery Garden Bikeway will be finalized with Janette Sadik-Khan driving a golden spoke into the ground where the Hudson River Bikeway will meet the East River Esplanade, but a plan is underway to join the two recreational corridors at the southern tip of Manhattan. The Battery Garden Bikeway will ‘include new park entrances, unique perennial gardens designed by Piet Oudolf, and separate areas for bikers and pedestrians.'” Which is good, because right now it’s pretty higgledy-piggledy. —Curbed

••• “A conversion of 11 Beach Street, a 122,000-square-foot office building that’s about to embark on a new life as luxury condo units, has been in the cards for a while, and now it’s officially getting underway. A press release informs us that developer HFZ Capital Group has taken on some construction partners and ‘has commenced pre-development planning for the proposed conversion,’ which ‘will utilize the existing structure, re-coring the building for optimal residential use.'” —Curbed

••• “A memorandum indicating that the police agreed to enforce unposted rules restricting activities at Zuccotti Park, the epicenter of the Occupy movement, surfaced on Thursday night, protesters said, handed out by a man who said that he worked for Brookfield Properties, which owns the park.” —New York Times

••• FiDi resident Melanie Cecka got a makeover for the New York Post. (The link goes to the “before” picture, it seems only fair to point out.)

 

1 Comment

  1. HFZ Capital Group did the condo conversion of 60 Beach St. so all I can say is good luck to anyone purchasing one of those condos!