50 West Street, the Helmut Jahn-designed hotel/condo combo tower that has been on hold since its financing dried up in 2008 is—wait for it—still on hold. However, developer Time Equities is renewing the project's special permits (for the garage, the public urban plaza connecting West and Washington Streets, and certain minor setback wavers) while simultaneously "seeking financing," which means that the 65-story tower could actually end up getting built at some point in the not too distant future. Maybe.
Just to recap: Time Equities broke ground on the tower, which would feature a luxury hotel on floors 1-14 and around 300 residential units from 15 up, in June of 2008. Seersucker suits were worn, speeches were made, and everything was super dapper. Then the construction financing went away and the expected completion date was pushed back from 2011 to 2012. Years passed, like leaves falling from a dying tree. Children became adults. Adults became slightly older adults. History became legend, legend became myth, and some things that should never have been forgotten were lost. And that about brings us to the present day. If anyone out there would like to invest a few million dollars in a FiDi hotel/condo tower, you know where to go.
· 50 West Street coverage [Curbed]