In 2009 the proposed developer of 74 approved units at 64/72 Townsend filed for bankruptcy. And in 2011, the existing office space at 72 Townsend was leased to Federated Media which was expected to delay any development by at least 5 years.
The building permits to add seven stories and seventy-four units atop the existing 31-foot building were quietly reinstated at the end of last year. And if a plugged-in reader is correct, construction should commence in March and be completed by the end of 2014.
∙ 72 Townsend: So Close, But Yet So Far For 74 Approved Units [SocketSite]
∙ 178 Townsend Moves Forward While 72 Townsend Leases Instead [SocketSite]