L+M to demolish four retail buildings on Park Row

The FiDi site at 23-33 Park Row has more than 200,000 buildable sf

TRD NEW YORK /
Jan.January 26, 2016 02:00 PM

L + M Development Partners received the go-ahead to tear down four retail buildings in the Financial District, making way for a project that could be bigger than 200,000 square feet.

The city issued demolition permits Friday for the properties at 23-33 Park Row, according to Department of Buildings records. The developer first filed demolition applications for two of the buildings in September 2014 and then for the other two in June and August 2015.

L+M hasn’t filed official plans for redeveloping the site, but paired up with the owners of J&R Music and Computer World in April 2014 to redevelop part of the site. Representatives for L+M were not immediately available to discuss the plans for the property.

The four buildings, located at the corner of Beekman Street, have more than 200,000 buildable square feet in total.

Demolition on three of the buildings — 29, 31 and 23 Park Row — is slated to begin Wednesday. According to the permits, 33 Park Row was scheduled to be torn down on Monday.

An adjacent building at 1 Beekman Street owned by Glauco Lolli-Ghetti’s Urban Muse is also being torn down to make way for a 25-story residential building. Demolition permits were issued earlier this month at the site, which Urban Muse bought for $52 million in December 2014.


Related Articles

arrow_forward_ios
Blackstone's Jonathan Gray, Gaedeke Group's Sabine Gaedeke Stener and 44 Wall Street (Credit: Stener by Gaedeke Group; Gray by Drew Angerer/Getty Images, 44 Wall Street via Google Maps)

Blackstone sells office tower at 44 Wall Street for $200M

Joe Moinian and 90 Washington Street (Credit: Google Maps, iStock)

Moinian sued for charging market-rate rents despite tax break

Clockwise from the bottom: Judge Arthur Engoron, JDS Development’s Michael Stern, L&M’s Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)

Judge deals another blow to Two Bridges towers

East Williamsburg’s Williamsburg Houses and the Harlem River Houses and (Credit: Wikipedia)

NYCHA inks $1.5B deal to privatize management of 5,900 units

Rudin Management's Bill Rudin and 55 Broad Street (Credit: Getty Images and Google Maps)

Charter school inks lease for FiDi office

45 Broad Street and Madison Equities CEO Robert Gladstone (Credit: Getty Images)

Bob Gladstone, Gemdale put FiDi supertall on hold

25 Broad Street and renderings of interior units from Booking.com (Credit: Google Maps and Booking)

LCOR lands rental deal with Booking.com for empty condos

Fosun Property’s Bo Wei, Refinitiv’s David Craig and 28 Liberty Street (Credit: Getty Images, Google Maps)

Fintech firm signs on for massive lease at 28 Liberty

arrow_forward_ios
Loading...