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Sharif El-Gamal’s Financial District condo is on the rise

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The tower at 45 Park Place will eventually have 43 stories and 50 apartments

Via Field Condition

Eighteen months after construction first began, the structure at 45 Park Place, in the Financial District, is finally on the rise, new construction site photos by Field Condition have revealed.

The project is being developed by Sharif El-Gamal of Soho Properties, and the building will eventually stand 667 feet tall, when complete. The project has been in the works for nearly a decade now, but the development has been making steady progress over the last two years.

The 43-story building will have just 50 apartments, and sales on the units launched last June. The apartments were asking from $3.725 million at the time, and the building includes a mix of one, two, three, and four-bedroom apartments.

Just a little over a month after the sales launch, the developer unveiled a sales gallery for the condo building half a mile away, in Tribeca. Several apartments at 45 Park Place are now in contract, according to StreetEasy; among the ones available, prices range from $3.8 million, and go up to $12 million.

The structure at 45 Park Place is about four stories above ground right now, and construction on the project is expected to wrap sometime next year.

45 Park Place

45 Park Place, New York, NY 10007