GHC, Clarion file $37.9M plans which will add restaurants to former American Stock Exchange

GHC Development and Clarion Partners, on August 10, filed plans for a $37.9 million project that includes adding restaurant space to two floors at 123 Greenwich Street, formerly the American Stock Exchange, in the Financial District, Manhattan.

Allan Fried’s GHC originally purchased the building, along with 22 Thames Street, for $65 million in 2011. After rezoning 22 Thames, the building was sold in 2012 for $87.5 million to Fisher Brothers.

At 123 Greenwich Street, in 2013, the developer filed plans for an $8.3 million project to convert the building to a hotel with retail space. The plans were ultimately disapproved two years later.

The developer then sold a 70 percent stake in the building to Clarion Partners, in a deal that valued the property at $150 million. In 2018, The Real Deal reported that the development team was once again planning on moving forward with with the hotel and retail redevelopment.

The plans call for a change in use of space on the ground floors, seventh floor, and cellar of the building. The project will also create a single dwelling unit in the building. This was filed with the New York City Department of Buildings under job number M00550537.

The project is described in the filing as: general construction and ALT-1 change of use on floors indicated, and change in zoning floor area with addition of single dwelling unit as per plans filed herewith.

According to the plans, the project will create restaurant space on the ground floor and seventh floor of the building, as well as accessory restaurant space and a kitchen in the cellar. The plans do not indicate which floor the dwelling unit will be constructed on.

The architect listed is Stonehill & Taylor Architects Pc.

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