El-Gamal to build luxury condo at 45 Park Place

Tower will rise to a height of 619 feet

TRD New York /
May.May 05, 2014 01:57 PM

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


Related Articles

arrow_forward_ios
Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square

Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square

From left: 45 Park Place, Sharif El-Gamal and Vickey Barron

Corcoran Sunshine takes over from Stribling at 45 Park Place

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site

El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site

UPDATED, Correction Appended: Hidrock said to buy debt on El-Gamal, Sturner’s Dream Hotel site: sources

UPDATED, Correction Appended: Hidrock said to buy debt on El-Gamal, Sturner’s Dream Hotel site: sources

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through

arrow_forward_ios
Loading...