Plaza Construction Nears Completion of Long-Stalled Financial District Resi Tower
Plaza Construction is completing work for 125 Greenwich St., an 88-floor residential tower located in Lower Manhattan’s Financial District. The building, which sat unfinished for three years, features 273 luxury condominium units and is nearing completion, with sales aimed to begin this fall.
“We are thrilled to see this incredible project moving forward,” said Thomas D’Ercole, EVP of Plaza Construction. “We are honored to have been a part of this project and our team has been incredible from start to finish.”
The project is now 85% completed, awaiting finishing touches around the podium, the pinnacle and removing the construction elevator. A partnership between Bizzi & Partners and Fortress Investment Group was able to secure a $313-million loan from the Northwind Group earlier this year, allowing the project to resume.