LOWER MANHATTAN — A 53-story residential and retail tower is on its way to Park Row.
The building, which will rise in the demolished home of electronics and music shop J&R, is slated to house more than 100 apartments and several floors of retail space, filings with the Department of Buildings show.
The tower will take the space of what was once three buildings, 23, 29, and 31 Park Row, on the block near City Hall, The Real Deal first reported.
Developer L+M formed a partnership with the founders of J&R Music World in 2014, paying a total of more than $50 million to develop 23 and 31 Park Row, and bought 29 Park Row from a different owner, The Real Deal reported.
According to filings with the DOB, the building will have several full-floor penthouses, a rooftop terrace, lounge, gym and pet grooming room.
In 2014, a different developer, Urban Muse, bought the two neighboring buildings on the corner, 33-34 Park Row, also known as 1 Beekman St., for $52 million and plans to create a 25-story residential tower. That building is slated to include 29 apartments, several of which are duplexes.