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Residential Tower Might Rise on Controversial Park Place Site

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A first rendering has been revealed (h/t tipster) for the tower of condos that may rise next to the controversial museum "dedicated to exploring the faith of Islam and its arts and culture" that developer Sharif El-Gamal wants to bring to 51 Park Place. In late April, news broke that Sharif tapped Pritzker prize winner Jean Nouvel to design the reimagined three-story building. Not much is known about the neighboring residential tower at 45 Park Place, other than building permits say that it will be designed by Michel Abboud of SOMA Architects along with Ismael Leyva Architects. The tower's plan exams were disapproved, but a tipster tells us that aspects of construction are moving forward. The tower is expected to be complete in 2017.

The tower would join a pretty hot residential surge in the Financial District, which is poised to welcome at least 17 residential buildings in the coming years (and that's to-date.)

Update: A Soho Properties representative reached out to clarify that the rendering is outdated and does not accurately reflect what 45 Park Place will look like.
· Park51 Developer to Build Condos Next to Islam Museum [Curbed]
· All 45 Park Place coverage [Curbed]
· All 51 Park Place coverage [Curbed]

45 Park Place

45 Park Place, New York, NY 10007