45 Broad Street Rendering. Image Credit: CPC

Application approval will bring ADA accessibility to Downtown Manhattan. On April 23, 2018, the City Planning Commission approved the application for a special permit to allow a floor area bonus (FAR) of up to 20 percent to the basic maximum FAR to the 45 Broad Street development in connection with proposed subway improvements. The application was submitted by Madison 45 Broad Development LLC. The special permit will allow the construction of two subway elevators on the Broad Street and Wall Street stations, as part of an application for a new mixed-use residential building. On March 14, 2018, the Commission held a public hearing on the special permit. To read CityLand’s coverage of the hearing, click here. (read more…)

45 Broad Street Rendering. Image Credit: CPC

Mixed-use building seeks to add two new elevators to lower Manhattan subway station. On March 14, 2018, the City Planning Commission held a public hearing for a special permit for a proposed new mixed-use development at 45 Broad Street in the Financial District in Manhattan in connection with improvements to the Broad Street Station and the Wall Street Station. Applicants, Madison 45 Broad Development LLC, plan to build a 65-story condominium building in what is currently an empty lot on the east side of Broad Street between Exchange Place and Beaver Street. The building will become the highest condo in Downtown Manhattan. (read more…)