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Jahn’s rendering of 50 West Street and developer Francis Greenburger

Developer Francis Greenburger’s Time Equities is putting the kibosh on speculation that a revival of its planned, Helmut Jahn-designed 50 West Street tower is imminent. Yesterday, the developer was reported to have paid $1.5 million to obtain new permits for its $600 million, 65-story hotel and condominium project, which has been shelved since 2008, causing several publications to infer that this signaled the rebirth of one of Lower Manhattan’s largest stalled developments. But contrary to those reports, Time Equities said today that such conclusions are “premature.” Time Equities did obtain new permits at the site, but only because it changed the contractor of record to Skanska after its previous contractor, HRH, decided to pursue a Chapter 7 bankruptcy liquidation in April, the company said.
– Sarabeth Sanders… [more]

Helmut Jahn’s $600 million hotel and condominium tower at 50 West Street is coming back to life after a three-year hiatus during the downturn. According to the Post, developer Francis Greenburger of Time Equities paid $1.5 million last week to obtain new construction permits for the 714-foot-tall, 65-story project, which is slated to go up south of the World Trade Center site and which had previously been shelved since 2008. Curbed reported yesterday that the Department of Buildings has just issued a new permit at the time to Gruzen Samton Architects, the local architect of record (Jahn is still the design architect). Plans call for a 139-room hotel on floors four through 13 of the building, while floors 14 through 63 will contain 301 condos…. [more]