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54-Story Tower At 23 Park Row Begins To Rise Above Street Level, Financial District

Four months later, concrete for the base of the soon-to-be 54-story tower has mostly wrapped, and formwork has breached street level, signaling the skyscraper’s rise is about to begin in earnest.

While progress on 23 Park Row has been substantial through the end of 2017, that isn’t the only recent news for the block. Last week, YIMBY revealed the first renderings for another building that will soon rise at 1 Park Row, and though it will be substantially shorter than its high-rise neighbor, the sum of changes coming to this stretch of real estate is going to be quite significant.

COOKFOX is designing the tower, which is being developed by L&M Development Partners, as well as the founders of the J&R Music Store. The pair are also behind the retail revealed last week.

As for 23 Park Row, it will have its own substantial retail component, with 52,000 square feet of commercial space spanning the first four floors. Above, 210,000 square feet of space will be divided between 110 condominiums, for units that will average almost 2,000 square feet apiece.

With a parapet 701 feet above street level, the tower will not be remarkable on the overall skyline, though its positioning adjacent to City Hall Park means it will still enjoy a fairly prominent profile when viewed from the north. Within, that also means that residents will have permanently unobstructed views to the north.

Completion is anticipated by the end of 2020, and with the current pace of progress, that estimate may even be a bit pessimistic.

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NYY