Manhattan garage owner The Brauser Group is erecting a new building at one of its parking properties in the Financial District.
A 23-story mixed-use development will rise at 54 Fulton Street, on the corner of Cliff Street, according to a plan exam application filed December 23rd. The architect of record is Goldstein, Hill & West. The 120-unit building will measure a total of 101,736 square feet.
The project includes storage, bike storage, a gym, first-floor retail, a lounge and a game room on the 23rd floor.
Brauser has owned the Fulton site since the 1980s, according to public records.
In August, Brauser sold a 50,000-square-foot parking facility at 17 East 12th Street to Rigby Asset Management, The Real Deal reported. Rigby is converting the garage into an 11-story, 9-unit residential building, according to a plan exam application filed July 19th.
The buyer paid $50.24 million for the property, which translates to more than $1,000 per square foot — the highest price ever for a condo conversion site, The Real Deal reported.