Moinian Group Breaks Ground on 250-Unit Rental Development in NYC's FiDi

In an exciting development, The Moinian Group has begun the vertical construction of their highly anticipated 250-unit community in Manhattan's Financial District. With a projected completion date in the fourth quarter of 2025, this ambitious project is set to redefine luxury living in the heart of the city. Bringing their expertise to the table, AECOM has been chosen as the general contractor, while Rockwell Group and Hill West Architects will lend their creative talents as the designer and architect, respectively.

One of the key factors that sets this project apart is its participation in the 421-a program initiated by the New York City Department of Housing Preservation & Development. Under this program, new developments can benefit from partial tax exemption while ensuring rent stabilization for its units. This initiative not only serves as an incentive for developers but also contributes to creating affordable housing options in the city.

Introducing a New Era of Luxury Living

Get ready to experience a whole new level of luxury in the heart of the city. A stunning 35-story community is on its way, promising an unrivaled living experience for its residents. With studio, one- and two-bedroom units, as well as exquisite penthouse options, this residential tower has it all. And let's not forget about the accompanying lounge area that adds a touch of sophistication to the penthouses.

Step into a world of endless possibilities as you explore the incredible amenities that await you. The 170,000-square-foot tower caters to your every need, with a state-of-the-art fitness center, complete with a thrilling rock climbing wall. If you're in the mood for some quiet relaxation, you can lose yourself in the captivating library or catch up on your favorite shows on the television screening wall. For those who enjoy cooking up a storm, a communal kitchen is the perfect place to unleash your culinary skills. And laundry facilities are conveniently available to make life easier.

But it doesn't end there. Step outside and embrace the beauty of the outdoor terraces, offering breathtaking views of the city skyline. When it's time to entertain, there are private dining spaces where you can host memorable gatherings with friends and loved ones. And if you just want to kick back and unwind, the lounge spaces provide the perfect retreat. Need a quiet place to work or study? Look no further than the sleek and modern work and study pods.

But the wonders don't stop within the walls of this magnificent tower. The property also boasts an array of outdoor amenities that will leave you speechless. Picture yourself basking under the sun on the rooftop sundeck, surrounded by breathtaking vistas. And for those who like to mix business with pleasure, an outdoor coworking space awaits. Sharpen your putting skills in the golf putting space or enjoy a delightful meal in one of the dining areas.

This exclusive community not only offers a haven of luxury but also a prime location. Situated just a short walk away from a range of subway stations, including Fulton Street, Broad Street, and Wall Street stops, your commute will be a breeze. And for those who prefer traveling by water, the nearby Pier 11 Wall Street ferry stop provides easy access to NYC Ferry routes.

A Dazzling Array of Developments

In the realm of real estate development, Moinian has carved out a remarkable portfolio, stretching far beyond the boundaries of New York City. While their current focus remains on projects in the bustling metropolis, Moinian has showed its prowess in other vibrant cities, including Miami, Dallas, and Los Angeles. One standout achievement in their repertoire is the completion of the magnificent Bezel at Miami Worldcenter - an awe-inspiring 43-story skyscraper that adds a touch of grandeur to Miami's downtown area.

But Moinian doesn't limit themselves to just Florida's vibrant shores. They have set their sights on a stunning residential project that promises to captivate the hearts of Brooklynites. Nestled at 1640 Flatbush Ave., this development boasts top-notch amenities such as a scenic rooftop terrace and a state-of-the-art fitness center. Meanwhile, in a true testament to their visionary approach, Moinian has embarked on an ambitious adaptive reuse project in partnership with Bushburg. Together, they are transforming The Empire State Dairy Co. building into a breathtaking mixed-income community, comprising 320 exceptional units.