The Real Deal New York

El-Gamal to build luxury condo at 45 Park Place

Tower will rise to a height of 619 feet

May 05, 2014 01:57PM

Sharif El-Gamal and 45 Park Place

Sharif El-Gamal and 45 Park Place

Sharif El-Gamal’s Soho Properties is filing plans today to begin work on a new condominium tower at 45 Park Place, the developer announced today. The as-of-right tower will rise to a height of 619 feet and is being designed by Michel Abboud of SOMA Architects.

“We are thrilled to contribute to the continued renaissance of Lower Manhattan and the new Downtown skyline,” El-Gamal said in a statement. The number of units in the tower wasn’t disclosed.

The developer previously sought to build a 15-story Islamic cultural center at the adjacent 51 Park Place site, which is located two blocks from the World Trade Center site. Critics of the Park51 project termed it the “Ground Zero mosque,” given its proximity to the site of the September 11 attacks. Soho Properties will now build a three-story museum dedicated to Islam at that site.

Construction of the tower will kick off this year and be completed in 2017, according to the developer. – Hiten Samtani

  • WORK SO HARD

    how can one accumulate that many air rights to build that high? at 10x FAR, you can build as of right 18 stories with smaller floorplates…How does one build 619′?

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