The project is just one of several developments which will be getting underway this year in Lower Manhattan, including a 25-story tower planned next to Trinity Church, and a 54-story residential tower going up at the former site of J&R Music, at 23-32 Park Row.
The 42-story Gene Kaufman designed tower will soar 510-feet-tall between Warren and Chambers streets, with a hotel on the lower floors and luxury condominium residences above.
An 80-room hotel will take up the first 12 floors, including a lounge, lobby, garden, and offices on the first floor, and a restaurant and kitchen on the second floor.
The next 27 floors will be comprised of 38 full-floor and duplex condominium units. The top three floors will house to a super-pricey, ultra-luxury, triplex penthouse.
Demolition of the existing 5-story office building is expected later this spring, followed immediately by construction for the new 42-story tower.
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