Reimagining A Historic Lower Manhattan Office Tower?

Lower Manhattan, once a symbol of Wall Street, is now transforming into a large-scale residential community. The residential population has doubled in the past two decades, with new apartment buildings and old office buildings emerging. CetraRuddy plans to undertake an overhaul of the aging Emery Roth and Sons-designed 55 Broad Street office tower in Lower Manhattan.

After the 9/11 attacks, New Yorkers reimagined the city, finding solace in public spaces and reimagining the city. The neighborhood is now home to some of the country’s most famous office towers, including the tallest building in the Western Hemisphere at 1 World. The perfect storm of an overheated residential market and a weak office leasing market in the five boroughs has created the ideal opportunity for office-to-residential conversions.

The Alliance for Downtown New York reports that the district’s rich history is being reimagined with Class A space in new construction. The memorable 1931 building, 28 Liberty Street, is a 60-story International Style skyscraper between Nassau, Liberty, William, and Pine Streets. Plans are underway to redevelop Lever House, an icon of modernist architecture, for a new generation of workers.

Nomad Tower, a contemporary office space with LEED Platinum, Energy Star, and Wired Gold, is a 689-foot-tall rectangle with sinuous, carved-out sides. Construction work on Flatiron is expected to begin in early 2025.

In New York’s iconic Financial District, 20 Exchange Place offers an exceptional living experience in a historic landmark. 200 Park Avenue, a legendary feature of the Manhattan cityscape, is in a class of its own, transformed for the future of work with renewed energy. Lower Manhattan has been reborn with world-class architecture and an influx of culture and nightlife.

What is the Skinny Tower in Manhattan?

The residential tower atop Steinway Hall is one of the tallest buildings in the United States and the thinnest skyscraper in the world, with a width-to-height ratio of about 1:24. The tower’s northern elevation rises directly up to the pinnacle, while the southern elevation contains several setbacks as the tower rises, thinning its footprint on higher floors. The pinnacle’s lighting pattern was commissioned by L’Observatoire International, and 111 West 57th Street is nicknamed “Stairway to Heaven”.

On the first three stories of Steinway Hall’s southern elevation, facing 57th Street, the facade is made of Indiana Limestone above a pink-granite water table. The outer portals contain wooden pocket doors, surrounded by moldings and topped with entablatures. The central opening is a display window with an entablature supported by Ionic columns and a lunette above the entablature. Above the third story is a frieze with portraits of classical composers and pianists, as well as a central plaque with the name “Steinway”.

The northern elevation on 58th Street is clad with brick, limestone, and terracotta, with the lowest two floors facing rusticated limestone blocks. One of the 58th Street loading docks leads to a freight elevator for Steinway Hall’s tenants, while the other leads to a freight elevator used specifically by Steinway and Sons.

Who owns 28 Liberty?

In 2013, JPMorgan sold One Chase Manhattan Plaza to Chinese investment company Fosun for $725 million, rebranding it as 28 Liberty Street in 2015. The new name, which connects to the Statue of Liberty and the Chinese culture, signifies “double prosperity”. Fosun proposed converting the ground and basement stories into a retail complex, and the LPC approved the company’s plans. Fosun spent $150 million renovating the lower stories into a 200, 000 square foot retail complex, including a 35, 000 square foot food hall on the ground floor and a 45, 000-square-foot Alamo Drafthouse Cinema in the basement.

In three years, Fosun leased out 700, 000 square feet (65, 000 m 2), bringing the building to 72 percent occupancy. To fund improvements, Fosun secured an $800 million loan from Deutsche Bank and HSBC in November 2017. In 2018, Danny Meyer opened “Manhatta”, a restaurant and event space on the building’s entire 60th floor. Fosun placed a partial ownership stake in the building for sale in the same year, and Milbank, Tweed, Hadley, and McCloy left their 340, 000-square-foot (32, 000 m 2 ) space in the building.

Fosun refinanced the building in September 2019 with a $1 billion loan from Deutsche Bank and HSBC. A 13, 000-square-foot pickleball court opened at 28 Liberty Street in 2022, followed by an 20, 000-square-foot indoor soccer field two years later. The building has been rented out by various companies, including AIG, Alamo Drafthouse, Allianz Global Corporate and Specialty, Assurant, Attorney General of New York, Blue Apron, Booking.

Com, Carter Ledyard and Milburn, Dormitory Authority of the State of New York, Dotdash Meredith, Great American Insurance, HelloFresh, Ironshore, JLL, JPMorgan Chase, Local Initiatives Support Corporation, London Stock Exchange Group, MSCI, Refinitiv, SCOR SE, and Wolters Kluwer.

Who are the tenants at 28 Liberty Street?

CompStak, a 60-story office property in New York, NY, was built in 1963 and spans 2, 224, 000 SQFT. It has 53 lease comps from 2015 to 2024. Co-Founder and CEO Michael Mandel has led the company through significant growth, raising over $80 million, launching hundreds of markets, and assembling a 100+ person team. He has been named 30 Under 30 by Real Estate New York and a Rising Star by The Real Deal. Michael is a frequent speaker on commercial real estate, real estate technology, and data transparency, appearing on Fox Business and National Public Radio.

He has also been featured in the Wall Street Journal, Forbes, and Bloomberg Businessweek. Before starting CompStak, Michael led the NY metro data center practice for Grubb and Ellis and graduated from Babson College in 2005. He was a member of the world’s first live-in business incubator, the e-tower, and is a proud alum of the 500 Startups accelerator in Mountain View, California.

Who is Liberty owned by?

Liberty Global, an American mass media company, has a total equity of $22. 57 billion as of 2022, according to the most recent financial data. The company is under the ownership of John C. Malone and has a total of 23, 000 employees. The company is listed on several stock exchanges, including the Nasdaq (tickers LBTYA, LBTYB, and LBTYK), the Russell 1000 components (ticker LSE), the BMV (ticker BMV), the WBAG (ticker WBAG), and the FWB (ticker FWB). The company’s stock is listed under a variety of symbols.

What is the secret tower in New York?

33 Thomas Street, formerly the AT and T Long Lines Building, is a 550-foot-tall, windowless skyscraper in Lower Manhattan, New York. Designed in the Brutalist architectural style, it is a telephone exchange or wire center building with three major 4ESS switches for interexchange telephony and several other switches for competitive local exchange carrier services. The building is not used for incumbent local exchange carrier services and is not a central office.

The CLLI code for this facility is NYCMNYBW. The building has also been described as the likely location of a National Security Agency mass surveillance hub, codenamed TITANPOINTE. The location was previously home to cast-iron buildings, preserved before demolition.

What is the tall building in Manhattan with no windows?

33 Thomas Street, formerly the AT and T Long Lines Building, is a 550-foot-tall, windowless skyscraper in Lower Manhattan, New York. Designed in the Brutalist architectural style, it is a telephone exchange or wire center building with three major 4ESS switches for interexchange telephony and several other switches for competitive local exchange carrier services. The building is not used for incumbent local exchange carrier services and is not a central office.

The CLLI code for this facility is NYCMNYBW. The building has also been described as the likely location of a National Security Agency mass surveillance hub, codenamed TITANPOINTE. The location was previously home to cast-iron buildings, preserved before demolition.

How tall is the 28 Liberty?

28 Liberty, a tall building in New York’s Financial District, faces challenges in upgrading its functional systems, including those in Manhatta, an upscale restaurant elevated 60 stories above lower Manhattan. Henderson Engineers, in partnership with HNY Consulting Engineers, designed all functional systems, including mechanical, electrical, and plumbing, and provided fire and sprinkler protection engineering services.

The design of a fine dining restaurant and event space on the top floor of a 60-story building requires significant infrastructure and close coordination with the building’s owners and tenants. HNY managed to deliver a high traffic space while minimizing impact on occupants on floors below Manhatta.

Is the Skinny skyscraper finished yet?

111 West 57th Street, a new residential development in New York City, was completed in November 2022. The building’s stepped form echoes iconic 20th-century structures like the Empire State Building, Chrysler Building, and Steinway Hall, adding a sense of nostalgia to its profile. The exterior is paired with terra-cotta pilasters, giving the tower a glamorous aged feel without overdoing it. JDS Development Group restored much of the Steinway Hall building, originally designed in the 1920s, in collaboration with the Landmarks Preservation Commission of New York.

The building’s interiors, inspired by the original Steinway Hall, feature New York artisans like John Opella and Nancy Lorenz, creating “a series of emotional experiences” informed by the past skyscrapers. The project was completed in April 2021, with additional units and amenities still under construction.

What is the most famous tower in New York City?

The Empire State Building, completed in 1931, was the world’s tallest building for over forty years until the completion of the World Trade Centre’s North Tower in 1972. Designed by American firm Shreve, Lamb, and Harmon in the Art Deco Style, it features a steel frame with 6, 500 windows and an Indiana Limestone and granite facade. In 2005, it was named one of the Seven Wonders of the modern world. The 86th floor is the most famous observatory in the world, offering a stunning view of New York City’s heart. The recently restored lobby features stunning Art Deco ceiling murals.

What is the tall building in Lower Manhattan?

The One World Trade Center, also known as Freedom Tower, is the tallest building in New York City, standing at 1, 776 feet (541 meters). It is the tallest in the Western Hemisphere and the sixth-tallest building in the world. The 104-floor skyscraper was built to replace and commemorate the two original World Trade Center towers destroyed in the 9/11 terrorist attacks. The tallest residential building in NYC is the new 432 Park Avenue, a 1, 396-foot skyscraper overlooking Central Park and the tallest residential building in the world. The building is supposedly inspired by a needlessly expensive trash can.

What is the zip code for 28 Liberty Street, New York, NY?

The Financial District in Manhattan, NY is a bustling hub for business and commerce, offering convenient transportation, a reasonably-priced rental market, and fun attractions like South Street Seaport. The area is known for its fast-paced nature during the day and calm at night, making it an ideal location for residential properties. Schools are rated and boundaries provided by GreatSchools. org and Pitney Bowes, but proximity or boundaries are not a guarantee of enrollment.

Compass, a licensed real estate broker, provides information compiled from reliable sources but is subject to errors and omissions. No financial, legal, or professional advice is provided, and the area is a focus on equal housing opportunity.