Grove Street Area Rental Towers Filling Up
Two new rental towers opened late last year around the Grove Street PATH station. 50 Columbus, a Costas Kondylis designed tower east of Marin and Grove Pointe, a condo / rental mixed tower between Grove and Marin. 50 Columbus is now 75% leased, claims this press release, meaning 300 of the 400 luxury apartments are accounted for. Over at Grove Pointe, rental agents are telling prospective leasers the rental tower will be filled before March.
The success of 50 Columbus likely means construction on additional towers on the western side of the lot will begin sooner, rather than later. 70 and 90 Columbus are a pair of 48 story towers to be built on the corner of Marin and Columbus, adding another 1,000 units to the complex.
The area around the Grove Street is ground zero for a new wave of planned construction. Across the street from 50 Columbus, two 23 story residential towers have been approved as part of the Metropolis Towers expansion. For now it seems these two towers are temporarily on hold in part due to the current credit crisis. Just north of 50 Columbus, the Toll Brothers are pushing to build three new high-rise towers, though these face community opposition and their fate is still uncertain.
The success of 50 Columbus likely means construction on additional towers on the western side of the lot will begin sooner, rather than later. 70 and 90 Columbus are a pair of 48 story towers to be built on the corner of Marin and Columbus, adding another 1,000 units to the complex.
The area around the Grove Street is ground zero for a new wave of planned construction. Across the street from 50 Columbus, two 23 story residential towers have been approved as part of the Metropolis Towers expansion. For now it seems these two towers are temporarily on hold in part due to the current credit crisis. Just north of 50 Columbus, the Toll Brothers are pushing to build three new high-rise towers, though these face community opposition and their fate is still uncertain.
Labels: Grove Street
3 Comments:
Across the street from 50 columbus, in that wasteland of a parking lot. This would definitely be a benefit to the city fabric, but I'm afraid Grove St will turn into a Newport if they don't put in some townhouses as well.
Two questions:
1) Where can you get info on the new columbus towers?
2) Do we have any demographics on the new occupants? Where'd they come from?
So with all these towers are they going to fix the grove street path station? There is no elevator and two stairways 3 feet wide from the mezzanine level to the platform. Can it handle all these towers?
A rendering of 70 and 90 Columbus, the two additional towers is on the skyscraper forum.
Also, the PATH station at Grove Street was recently renovated; the glass entrance at Marin and Columbus was constructed about two years ago. The Port Authority is slowly making its system ADA compliant. I believe there are capital budgets that call for installing an elevator at Grove Street; why they didn't do this when they added the Eastern entrance, I don't know. But basically, Grove Street is going to be like the Bedford Ave L stop for a few years.
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