With the well documented financial crisis Oceanwide is in, far beyond just this site, their plans to develop this tower went off the rails.
As recently as just a couple of years ago, things still looked like they were moving...
But that quickly came to a halt, and now it will be up to another developer to get this tower built.
This very narrow site, with it's 1 msf + of development rights, was always going to produce a slender tower. It would be a very slender tower with half the development rights.
Complicating things further, is the fact that the site borders the historical district, which recently battered 250 Water Street into submission.
The approved stacking of the air rights would give a tower of 1,400 ft plus, but the exact height would be something different given various design elements that can make a tower taller.
We did see renderings of how that would work in an actual designed tower...
With the way everything turned out, it's probably best that things didn't get underway. The pandemic really froze everything.
But there were some towers that did get completed. Just a 5 min walk away is 130 William St with units on the current market...
Just a mile up the river, on the Lower East Side, Extell's Manhattan Square got completed....
There are other condo developments, including a couple of stalled towers that topped out, but are in limbo due to other problems.
The extremely close, but stalled 1 Seaport still has a number of units in contract...
Quote:
Description
Introducing Seaport Residences. Rising 670 feet, the eighty homes are encased in floor-to-ceiling glass with over 10-foot elevated ceilings and singular terrace experiences.
The waterfront lifestyle includes a 24-hour concierge, attended private porte cochere, and two levels of amenities that overlook the river.
The Water Floor, a full floor experience on floor thirty, offers 360-degree views of the harbor, bridges and landmarks that define Manhattan.
An immersive retreat with a glass edged horizon pool, a misted waterfall passageway, a sun terrace, and a relaxation lounge. This is well-designed drama. T
he first soaring residential tower at the Seaport is surrounded by the best of the New Downtown including Brookfield Place, One World Trade Center and the Brooklyn Bridge.
One, Two, Three Bedroom & Penthouse Condominiums designed by S. Russell Groves. Tours are conducted by appointment only.
https://streeteasy.com/building/seaport-residences
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And 125 Greenwich remains nearly completed, but stalled.