Liberty Bond projects given preliminary approval by HDC board:
1) Pearl Street (between Maiden Lane and Platt Street)
Amount: $175 million
Date approved: August 21, 2003
Project Description: A 41-story building and cellar that will benefit from a 421-a (20 year) tax abatement. Construction scheduled to begin in March 2004. The building will contain approximately 39,000 square feet of commercial (retail) space.
Apartment distribution: 583 units, 63 parking spaces
21 studios
459 1-bedrooms
82 2-bedrooms
22 3-bedrooms
Developer: a single-purpose entity formed by Rockrose Development Corporation
2) 10 Hanover Square (between Pearl and Water Streets)
Amount: $145 million
Date approved: June 4, 2003
Project Description: Conversion of 22 story office building into residential use, including some commercial space
Apartment distribution: 500 units, 0 parking spaces
215 Studios plus "home office"
105 1-Bedrooms
100 1-Bedrooms plus "home office"
80 2-Bedrooms
Developer: The Witkoff Group
3) West Street (between Chambers and Warren)
Amount: $200 million
Date approved: June 4, 2003
Project Description: Approximately 468,000 sq ft building with residential units, commercial space, and a community center
Apartment distribution: 501 units, 114 parking spaces
138 Studios
276 1-Bedrooms
137 2-Bedrooms
Developer: An entity controlled by Jack Resnick & Sons, Inc.
4) 233 Broadway (between Park Place and Barclay Street)
Amount: $80 million
Date approved: June 4, 2003
Project Description: Conversion of floors 29 - 57 of the historic Woolworth building to residential use
Apartment distribution: 145 units, 0 parking spaces
79 Studios
51 1-Bedrooms
15 2-Bedrooms
Developer: Cammeby's Management Company, Inc./The Witkoff Group
5) 3/9 Beekman Street (between Theater Alley and Nassau Street)
Amount: $45 million
Date approved: June 4, 2003
Project Description: Conversion of 10 story landmark building to residential use with retail at ground level
Apartment distribution: 127 units, 0 parking spaces
63 Studios
25 1-Bedrooms
39 2-Bedrooms
Developer: Cammeby's Management Company, Inc.
6) 63 Wall Street (east of Hanover Square between Wall Street and Beaver Street)
Amount: $140 million
Date approved: June 4, 2003
Project Description: A 35-story building for residential use with ground floor retail.
Apartment distribution: 475 units, 85 parking spaces
311 Studios
146 1-Bedrooms
18 2-Bedrooms
Developer: NB 63 Wall Street LLC - entity owned by a partnership controlled by Nathan Berman and Ronald Bruckner
7) Northwest corner of William Street and Beaver Street
Amount: $114 million
Date approved: June 4, 2003
Project Description: New construction of 32 stories and penthouse including residential rental, retail, and commercial space
Apartment distribution: 373 units, 100 parking spaces
112 Studios
224 1-Bedrooms
37 2-Bedrooms
Developer: 15 William, LLC