The Real Deal New York

Lower Manhattan neighborhood news

  • From left: One New York Plaza and a Retro Fitness gym

    From left: One New York Plaza and a Retro Fitness gym

    Brookfield Office Properties is giving a Manhattan toehold to the little-known gym enterprise Retro Fitness, signing the company to 17,000 square feet on the newly renovated retail concourse level at One New York Plaza in Lower Manhattan. [more]

  • From left: Scott Rechler, a rendering of 3 World Trade Center and Larry Silverstein

    From left: Scott Rechler, a rendering of 3 World Trade Center and Larry Silverstein

    The Port Authority of New York & New Jersey yet again tabled a vote on whether to provide a $1.2 billion subsidy for Silverstein Properties’ development of 3 World Trade Center. The decision to stall appears to be triggered by a lack of support for the aid package. The lack of action may also mean that Larry Silverstein will now have to turn to the private sector to help him fund construction of the $2.4 billion tower. [more]

  • From left: 39 Fletcher street, and the interior and exterior view of 39 Fletcher Street

    From left: 39 Fletcher street, and the interior and exterior view of 39 Fletcher Street

    Permits were filed for construction of a 140,041-square-foot, 51-story residential tower between South Street Seaport and the Financial District. [more]

  • From left: Modern Spaces CEO Eric Benaim and 371 Madison Street interior and exterior

    From left: Modern Spaces CEO Eric Benaim and 371 Madison Street interior and exterior

    A former elementary school on the Lower East Side will now be marketed as a great place to live if you’re an “artsy type.” [more]

  • From left: 106-108, 114 and 118 Ridge Street on the Lower East Side

    From left: 106-108, 114 and 118 Ridge Street on the Lower East Side

    A contiguous trio of mixed-use properties are on the market on the Lower East Side for just under $60 million. [more]

  • brookfield-place-nyc

    Rendering of Brookfield Place

    The already low availability rate of Downtown office space is likely to drop even more, as a number of pending leases could take up roughly 2 million square feet before the end of the year. [more]

  • From left: BNY Mellon's current HQ at 1 Wall Street and new space contender 225 Liberty Street

    From left: BNY Mellon’s current HQ at 1 Wall Street and new space contender 225 Liberty Street

    The Bank of New York Mellon announced its plans to move the company’s Wall Street headquarters in the first quarter. Now, they have a choice to make: Jersey City or Lower Manhattan?

    The investment bank is weighing leases at two possible locations. One is in the 2.7 million-square-foot tower at 225 Liberty Street, while the other is in a 410,000-square-foot waterfront building at 70 Hudson Street in Jersey City. [more]

  • From left: Scott Rechler, rendering of 3 World Trade Center and Larry Silverstein

    From left: Scott Rechler, rendering of 3 World Trade Center and Larry Silverstein

    The Port Authority of New York and New Jersey is angling for an ownership stake in 3 World Trade Center as part of an agreement to grant a $1.2 billion construction loan to Silverstein Properties. [more]

  • Southbridge Towers at 90 Beekman Place

    Southbridge Towers at 90 Beekman Place

    Residents of Southbridge Towers, a 1,651-unit complex of subsidized co-op units in the Financial District, are gearing up for a vote on whether to turn their homes into market-rate apartments.

    Proponents of going private say the move will enable residents who snagged their apartments for $10,000 or less ten years ago to sell them for over $1 million. But others balk at the removal of affordable housing they say could serve future generations, and take issue with several points in a newly-released 900-page offering plan they say makes going market-rate appear risky. [more]

  • view01_oculus_final

    Rendering of the interior of the World Trade Center Oculus

    The lineup for Westfield Group’s central shopping hall within the World Trade Center retail complex, known as the Oculus, is shaping up to have the flavor of Soho, even if it lacks the very high-end luxury tenants of Upper Fifth Avenue. [more]

  • From left: A rendering of 3 World Trade Center, Scott Rechler and Kenneth Lipper

    From left: A rendering of 3 World Trade Center, Scott Rechler and Kenneth Lipper

    The Port Authority of New York and New Jersey is set to delay by a month a vote on whether or not to pledge a further $1 billion for Silverstein Properties’ 3 World Trade Center tower in Lower Manhattan. Officials were to meet this afternoon to decide on the fate of the controversial proposal, which would see the authority raise its financing guarantee to $1.2 billion from the current $200 million. [more]

  • One Wall Street

    One Wall Street

    Bank of New York Mellon is putting its New York City headquarters up for sale and mulling a move across the river to New Jersey. [more]

  • Rendering of a planned dining space at Brookfield Place

    Rendering of a planned dining space at Brookfield Place

    The $250 million revamp of Brookfield Place, formerly known as World Financial Center, is rendering the space’s dining scene virtually unrecognizable. [more]

  • 95-maiden

    59 Maiden Street and 66 John Street

    A Manhattan Supreme Court judge ruled against a Lower Manhattan condo board, which was seeking to stop the New York City Probation Department from relocating its adult facilities to a residential area at 66 John Street.

    The board at Fifty Nine John Lofts, located at 59 Maiden Lane, filed a much-publicized lawsuit in December along with Pace University and Century 21 Stores to fight the relocation. The plaintiffs alleged that the move would put residents of the condo and local college students at risk and harm the retailer from attracting pedestrian customers. [more]

  • Armani-4-WTC-Tiffany-Ford

    From left: Giorgio Armani, rendering of base of 4 World Trade Center, Tiffany store facade and Tom Ford

    High-fashion designers Tom Ford and Giorgio Armani and luxury jeweler Tiffany & Company appear set to occupy three of the coveted street-level stores in the under-construction World Trade Center shopping complex, multiple retail sources told The Real Deal. [more]

  • From left: Paul Smith ad, 1 Brookfield Place, J.Crew ad and Posman's home page

    From left: Paul Smith ad, 1 Brookfield Place, J.Crew ad and Posman’s home page

    Three more retail tenants have inked deals for space at Brookfield Place. [more]

  • From left: Peter Turchin, Lower Manhattan and Sacha Zarba

    From left: Peter Turchin, Lower Manhattan and Sacha Zarba

    Downtown landlords took advantage of the area’s growing popularity by re-pricing about 1.5 million square feet of the 12.2 million square feet available in the first quarter of 2014. According to newly released data from CBRE Group, the vast majority of this space — about 1.43 million square feet — was priced higher. [more]

  • 65 Broadway

    65 Broadway

    Normandy Real Estate Partners is in negotiations to purchase American Express Co.’s former address at 65 Broadway in the Financial District. [more]

  • Photos by Annie Ling from "A Floating Population"

    Photos by Annie Ling from “A Floating Population”

    Two exhibits exploring the connection between Chinatown and its residents are open through Sunday at The Museum of Chinese in America on 215 Centre Street. [more]

  • 1 Park Row

    J&R Music and Computer World at 1 Park Row

    Lower Manhattan electronics store J&R Music and Computer World is closing after 43 years in business. [more]

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