In the News: A record closing on Vestry

The Real Deal noted in its newsletter The Daily Dirt that unit 6 at 67 Vestry, on West Street, was recorded as the priciest residential closing of the day, coming in at $24.5 million. Holy cow. The building, which was sold in 2017 and was stalled out for years, reportedly has one apartment per floor. (I hope this helps them clean the building.)

Yimby notes that Google is adding the finishing to its new 12-story headquarters at 550 Washington Street — across from Pier 40 (that is the rendering, above). “Designed by COOKFOX Architects and developed by Oxford Properties, the 1.3-million-square-foot project involved the restoration and 232-foot vertical expansion of the St. John’s Terminal building along the Hudson River waterfront. The structure will serve as the centerpiece of the sprawling 1.7-million-square-foot “Googleplex” master plan along with 315 Hudson Street and 345 Hudson Street…Additional landscaping has been added around the building …Fencing and plastic barriers remain around the perimeter of the property, but should be removed in the coming weeks.

Gotham magazine has a feature on the Francis Toumbakaris-designed two-bedroom on the 24th floor at 56 Leonard. What was curious to me is this line: “dubbed the Jenga Tower for its purposefully misaligned look inspired by the game.” Did Herzog & de Meuron actually design it with that in mind AND give it that nickname? I always assumed viewers did…

Crain’s reports that availability rate in Fidi has inched up since April to 20.8% in May from 20.5% in April, setting a new record, according to research from the firm Colliers. In April 2022 the rate was 20.1%, the brokerage said. But there were some gains in BPC: “Tenants signed leases for around 337,000 square feet, about double the amount of space taken in April. Among the top deals was Scotiabank’s renewal of a lease for 131,000 square feet at 250 Vesey St., a Brookfield Properties tower. But offsetting the gains was the release of a 189,000-square-foot chunk of space at 4 World Trade Center that had been formerly occupied by the music streaming company Spotify, according to the data.” By contrast, the availability rate in Midtown last month was 15.5% and in Midtown South was 17.8%, Colliers said.


1 Comment

  1. Congestion pricing is just another way the city is putting their hands in everybody’s pockets to put in their own pockets. Subway fares go up, tolls go up, muni meters (in some areas have a 15 minute maximum parking time) and on and on. The roads are in horrible condition so where are the millions (if not billions) of dollars that are made from all of these charges, not to mention from parking violations, going? People are coming back after the ghost town effect of Covid. I bet that people who have city, state or federal permits for their cars won’t have to pay a dime. Too bad bicyclists can’t be charged and can go wherever they want and not even pay for parking or for breaking traffic laws.