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New York

Pink Stone moving ahead with 51-story FiDi tower

Building will have three floors of retail, most likely be a rental

From left: A rendering of 111 Washington Street, Richard Ohebshalom and the development site
From left: A rendering of 111 Washington Street, Richard Ohebshalom and the development site

Richard Ohebshalom’s Pink Stone Capital is moving along with a 51-story, 429-unit tower in the Financial District that seems destined to be a residential rental building, according an application filed today with the Department of Buildings.

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The Midtown-based developer, which purchased a distressed note in 2011 to acquire the development site at 111 Washington Street, will build a 306-foot, mixed-use tower. At the time, the tower was expected to be 54 stories tall, as The Real Deal reported. The application shows the 334,107-square-foot tower will house three floors of retail and 429 units.

Gary Handel is the architect of record.

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