The Real Deal New York

Lightstone plans 50-story building in FiDi

Hotel and residential project planned for 128 William Street

March 24, 2015 01:39PM
By Tess Hofmann

128-130 William Street in the Financial District and Lightstone's David Lichtenstein

128-130 William Street in the Financial District and Lightstone’s David Lichtenstein

UPDATED, 2:06 p.m., March 24: Lightstone Group filed plans today for a 50-story mixed-use residential and hotel building in the Financial District at 128 William Street.

The new building, located between John and Fulton streets, will have just under 240,000 square feet of residential space, with 188 apartments, and just over 101,000 square feet of commercial space. It will top out at 581 feet.

The firm paid $60 million for the site last year.

In the new structure, hotel rooms will be spread across the sixth through 17th floors, but it was not clear how many rooms there would be in total. The ground floor and the second floor will house retail and the hotel lobby. The third, fourth, fifth, and 34th floors will be dedicated to hotel and residential amenities, according to the permits.

Of the floors holding apartments, most will have six per floor, while the 50th floor will have a single penthouse.

Lightstone was also planning a 59-story mixed-use tower at 112-118 Fulton Street, but sold the site in June to San Francisco-based investment and building firm Carmel Partners, as The Real Deal reported.

Goldstein, Hill & West is the architect of record. Representatives from the firm were not immediately available to comment.

Correction: A previous version of this story incorrectly stated that Lightstone is developing 112-118 Fulton Street. In fact, the site now belongs to Carmel Partners.

  • somebody

    Lightstone sold Fulton, c’mon

  • DTNYC

    Lightstone is NOT developing 112-118 Fulton. They sold it to another developer who has now commenced construction.

    • HitenSamtani

      Thanks, our mistake. The story has been updated.

  • DTNYC

    In the last week construction has begun on a new 120 unit rental tower at 54 Fulton, a 450 unit (likely) Condo at 118 Fulton, a 74 unit Condo at 151 Maiden Lane and a 128 unit Condo at 130 Greenwich. Building permits were also issued for a 45 story rental tower with 175 units at 75 Nassau. By my calculations, about 5,000 apartments are now under Construction/Development in FiDi (South of Chambers). This does NOT inlcude 80 South Street, 42 Trinity (Syms), One Wall Street (Bank of NY) and 45 Broad, all of which are likely to announce their residential plans shortly. A Juggernaut of residences indeed.

    • BH

      plus new development condo prices in the Financial District are averaging $1MM now if my memory serves correctly.

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