Foundation work is ready to give way to vertical construction for the mixed-use development at 225 N Elizabeth Street in Fulton Market District, where many of this year’s entries are. Located on the southeast corner with W Fulton Street, foundation work is currently well underway for the structure after it completed the removal of the previous empty surface lot on the site. Developers Sterling Bay and Colorado-based Ascentris have been leading the charge on the Hartshorne Plunkard Architecture-designed-structure.
Rising 28 stories and 314 feet in height, the building’s podium will occupy the majority of the quarter-block site, with an existing two-story art gallery to remain on the southwest corner off of Elizabeth Street. The ground floor will contain 9,615 square feet of divisible retail space fronting Fulton as part of its requirements as a pedestrian street along with the lobby, a handful of parking spaces, and the ramp up to the garage levels. Above will be a full floor of parking for a total of 95 vehicle spots and 199 bicycle spaces.
The third floor will contain a large amenity space with an outdoor pool, deck, and more for all residents to use, as well as a 28th floor rooftop amenity space and terrace. Sandwiched between these will be 350 residential units made up of 66 studios, 46 convertibles, 140 one-bedrooms, 92 two-bedrooms, and six three-bedroom layouts, with those at the east and western ends having private balconies. Approximately 70 units will be considered affordable, including 19 of the two-bedroom apartments, for those making 60 percent or less of the area median income.
For those choosing transit, both CTA Pink and Green Lines along with bus service for Routes 8, 9, X9, and 20 will be within a 10-minute walking distance from the structure. Local contractor McHugh Construction is executing the plans for the $110 million project as the core is ready to rise along with its tower crane. Work on the high-rise is expected to wrap up by the end of 2024 with move-ins soon after.
Countdown Comparison Corner (Spot #11)
New York’s 11th tallest building under construction is 343 Madison Avenue, set to rise 844 feet in Manhattan’s Midtown East district. Developed by Boston Properties, the structure is set to house a total of 750,400 square feet of office space.
Designed by KPF, the tower features a glass curtainwall, terraced setbacks, and prominent structural elements. The site is still undergoing demolition, which is expected to wrap up by next year.