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Checking In On Manhattan's Fulton Street, Finally On the Rebound

A neighborhood institution seeks to cash in during a neighborhood boom time

There's a lot going on in the Financial District these days. Between the unveiling of the World Trade Center Transportation Hub (finally!), the opening of a ton of rental and condo buildings, and the media company migration downtown (except for News Corp), the hot hot heat the neighborhood is throwing is undeniable. The Post's Steve Cuozzo checked in on the Financial District's transformation, noting a few goings on that have flown under the radar:

Pace University, which stakes tons of real estate surrounding the entrance to the Brooklyn Bridge, is selling its 15-story dormitory at 106 Fulton Street at the corner of Dutch Street and marketing it as a "mid-market luxury housing" residential conversion. A firm advising Pace suggests that the building can either hold 27 condos that will fetch $1,850 to $2,000 per square foot, or many more apartments asking less.

Just down the block, Carmel Partners have revised their plans for a residential tower at 118 Fulton Street. When revealed last October, the developer planned a 49-story, 574-foot tower with 483 apartments. Now the Post reports that the tower will stand a whopping 63 stories and have just 476 apartments.

Also on Fulton Street, the Parkland Group and Socious Development Group are moving ahead with Exhibit, a 23-story building with 120 rentals that is, sadly, not associated with the rapper of the same name.

The Post also mentions that Lightstone Group has acquired a small vacant building and an empty lot at 92-94 Fulton Street between William and Gold streets and have yet to announce their plans for the site. A 26-story hotel by Tribeca Associates is also planned for the site at 143 Fulton Street.

106 Fulton Street

106 Fulton St, New York, NY 10038 Visit Website