Park Row in the Financial District will, in the not too distant future, be home to a 54-story apartment building courtesy of L+M Development Partners, who also built the Northside Piers buildings in Williamsburg.
The Real Deal reported on the development, which will see the construction of 108 apartments and just over 52,000 square feet of retail located on the first four floors.
Very little is known about the project so far, but TRD has learned that floors 44 through 48 will have full-floor penthouse units.
Plans also call for a rooftop terrace, lounge, and a fitness room.
It's not clear yet whether this will be a rental or a condo building, but the project itself was made possible after L+M purchased three buildings on Park Row (at numbers 23, 29 and 31) for a sum total of just under $73 million. The development firm subsequently demolished those buildings earlier this year.
This new residential tower, which is being designed by COOKFOX Architects, will be just a short walk away from Frank Gehry's 76-story building at 8 Spruce Street.