The Lightstone Group is one step closer to erecting its lean 59-story mixed-use tower in the Financial District.
Demolition of the low-rise apartment buildings at 112-118 Fulton Street is reportedly imminent now that construction fencing and signs are up. Lightstone originally sought to tear down 120 Fulton Street too, but the state denied the developer’s initial bid. That proposal included a 421a tax abatement.
Construction is slated for completion by 2017, BuzzBuzzHome reported. The firm is also moving forward with a massive mixed-use project on the Gowanus Canal after kicking off the first phase of construction earlier this month. [BuzzBuzzHome] — Angela Hunt