A little over a year ago, the 66-story rental building at 118 Fulton Street was basically a hole in the ground. Now, the 752-foot-building has topped out, YIMBY reports. The SLCE Architects-designed building will bring 483 apartments to the Financial District when it is complete sometime next year.
In addition to the rentals, plans also call for retail on some of the lower floors of this Carmel Partners-developed building. The project had stalled for a while before construction finally got underway last August.
Initially the site was to be developed by the Lighstone Group; they purchased the site for 63 million in 2012, and planned to build a 48-story tower at the site. In the fall of 2014 however, Lightstone sold the property to Carmel for a whopping $171 million.
There’s a fair amount of development in the works on Fulton Street at the moment. Pace University sold its 15-story dorm building to developer for $51 million, and the building is now slated for a condo conversion. A 23-story rental building at 56 Fulton Street is also under construction.