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Fortis Property Group Confirms 50-Story Tower For Seaport

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Seaport residents are busy fighting Howard Hughes' plans to build a tower on the waterfront, but another developer has confirmed his plans to build a different 50-story tower in the neighborhood. In an interview this week with the Times (h/t Buzz Buzz Home), Jonathan Landau, chief executive of the Fortis Property Group, made clear that they are definitely going to erect a tower on the Maiden Lane site they bought in September. From the Times:

We've got another large project in downtown Manhattan, on Maiden Lane, which is a 250,000-square-foot development site. We bought it a few months ago. It's a residential tower with an adjacent hotel. The residential tower is waterfront; it's going to be 52 stories or so and have about 95 units. We're just going to build the residential tower and we're selling off the hotel site. I think we could probably project between $2,000 and $3,000 a square foot. We hope to sell by early next summer. We'll start construction in the next four or five months.So. There you have it. The Seaport will be getting a 50-story tower whether the neighbors like it or not. And let's face it, they will probably be getting two.

Fortis' website revealed two new renderings for the tower, which look quite different than what we previously saw.
· 30 Minute Interview: Jonathan J. Landau [NYT]
· Fortis plans residential tower for Seaport site at 151 Maiden Lane [BBH]
· 151 Maiden Lane [Fortis Property Group]
· Seaport Site Changes Hands; Will This Tower Soon Rise? [Curbed]

1 Seaport

161 Maiden Lane, New York, NY 10038 Visit Website