120 Water Street’s Exterior Wraps Up in the Financial District, Manhattan

120 Water Street. Photo by Michael Young

Exterior work is nearing completion on 120 Water Street, a 28-story Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure is located along Water Street between Pine and Wall Streets and will yield 128 rooms managed by Fortuna Realty Group. Raj Guru, Principal of Atlas, is the owner of 120 Water Street.

Since YIMBY’s last update back in the winter, much of the remaining façade installation on the lower half of the main eastern elevation has been completed. The last major segments awaiting completion are the stack of two-story open-air terraces on the northeastern corner of the edifice, and the ground floor.

120 Water Street. Photo by Michael Young

120 Water Street. Photo by Michael Young

120 Water Street. Photo by Michael Young

The top half of the irregular, asymmetrical geometric cutouts above the sidewalk scaffolding are now visible, and closely resemble what is shown in the main rendering with some minor changes to the number of voids.

120 Water Street. Photo by Michael Young

The most prominent departure from the rendering is the color scheme, which features a dark red and gray palette instead of the bright blue and yellow tones that were planned. Architecturally, the first story and the cantilever at the very top are the only dynamic elements that were retained throughout the various changes for 120 Water Street. We will see the rest of this ground-floor façade once the scaffolding comes down in the near future.

120 Water Street. Rendering by Gene Kaufman Architects

The following photograph from above shows the mechanical equipment being installed across a couple of different spots atop the slender superstructure. This perspective gives an impression of the tight floor space and footprint of the tower.

120 Water Street. Photo by Michael Young

Amenities for hotel guests include a fitness center on the cellar level, a ground-floor restaurant, and a 25th-floor venue space, which is noted by the protruding balcony. The nearest subways are the 2 and 3 trains at the Wall Street station, accessible via the nearby interior public atrium at 60 Wall Street to the west. The J and Z trains are also a short walk away, located in front of the New York Stock Exchange at the intersection of Broad Street and Wall Street.

120 Water Street should likely be done sometime in the next several months.

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7 Comments on "120 Water Street’s Exterior Wraps Up in the Financial District, Manhattan"

  1. not… bad actually? A suprise, but a pleasant one.

    • it’s really terrible, actually……..from the zig zags at the bottom to the mess on the roof…and the overhanging balconys to the fenestration….the only things worse would be the cheesy paint job and the yellow ties.

  2. Compare this trash to the Beaux Arts beauty next door… really tells you everything about the degeneration of society.

    • You are so right! Too many of the projects highlighted in Yimby are disposable junk. Mystery question: why does cheap and speculative have to be bad? There’s no inherent reason for it.

  3. It didn’t turn out as bad as I thought it would. But, it is still undeniably bad.

  4. Considering that a good portion of Manhattan consists of street after street of decaying 19th-century housing with façades festooned with necessary but wretched, rusting fire escapes, this is a very satisfactory addition to the streetscape. Hats off to the architect for bringing it in within the developer’s budget.

    of the

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