In the News: Tribeca’s Next Huge Condo

101 murray••• “A partnership between real estate investors Steven Witkoff, Howard Lorber and the Fisher family is buying 101 Murray St., […] owned by St. John’s University. The group will pay nearly $200 million for the property, which they plan to knock down and build a new residential condominium tower in its place. The site can accommodate up to about 310,000 square feet of development and as much as 370,000 square feet if the buyers secure extra development rights from the city by agreeing to create a public plaza space at the site. […] Mr. Witkoff and partners will likely create as many as 200 units.” Can anyone tell me how many stories that might mean?—Crain’s

••• “Starting next month, the city will close portions of Broadway, between Ann and Rector streets, as part of a four-year-project to replace aging utilities beneath an eight-block stretch of the street. The $42 million project […] will involve installing new water mains, utilities, sewers and catch basins.” —Tribeca Trib

••• Arne Svenson wrote about his ‘The Neighbors’ photo project for CNN.

••• What’s up on Governors Island this season. Hey, wouldn’t that have been an ideal place for Citi Bikes? —Broadsheet

••• “Director Peter Jackson Lists Uncombined Tribeca Penthouse.” —Curbed

••• The Trading Post, a 10,000-square-foot restaurant and bar, will open at 170 John in around three weeks. —FiDi Fan Page

••• The Sphere sculpture is still in Battery Park. —New York Times

••• “Charles Blaichman’s CB Developers has sold [87 Chambers, currently a vacant lot and a.k.a. 71 Reade] to Hoboken, N.J.-based Applied Development Company for $23.2 million, mere months after paying Fishman Holdings $22 million for the plot, city records filed today show. […] A new permit for an eight-story building was issued in March of this year, according to DOB records.” —The Real Deal

 

3 Comments

  1. The site at 120 Fulton is the approximate sf and will be 46 stories high. Not sure how the footprints compare however. I think they should be allowed to grow taller IF they agree to put a very needed school at the base. Same for all new projected towers. Go taller WITH schools at the base. No one wants the lower floors anyway. Win/Win for everyone.

  2. definitely needs a school if 200 more apartments are going in (I think the outdated formula is something like 1 child per 2.5 apts, but even under that formula, that’s 75 more kids!)

    Happy to see that Chambers St, between Greenwich and West Broadway has at long last taken down most of the road works fence. The end is in sight there!

  3. Public space is nice. Public school better. How many new units in North TriBeCa in addition to these 200 units? Not to mention all the new units on Broadway.