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New York & Tri-State  + Downtown New York  + Apartments  | 

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.


Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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