Foundation work is progressing on 555 Greenwich Street, a 16-story office building in Hudson Square. Formerly addressed as 561 Greenwich Street, the structure will yield 270,000 square feet and will connect on nearly every floor with the adjacent 345 Hudson Street. The project is designed by COOKFOX Architects and developed by the joint venture Hudson Square Properties, which includes Trinity Church Wall Street, Norges Bank Investment Management, and Hines, and is planned to debut as one of the city’s most sustainable buildings.
Since our last update in March, excavation has concluded and the concrete foundation is approaching street level. A plethora of steel rebar stands protruding across the site where the columns will soon rise. Workers were also seen prepping the exposed wall of 345 Hudson Street, to which 555 Greenwich Street will connect.
“The design of 555 Greenwich puts the employee experience at the forefront of all other considerations,” said Tommy Craig, senior managing director of Hines, at a groundbreaking event this week. “This is especially true as it relates to the amount, quality, and variety of collaborative space the new building contains.”
The façade will be primarily composed of sandy-hued masonry and warehouse-style windows with grid-pattern mullions. Above the tenth floor, the building is topped with a glass-box volume with exposed metal elements. The massing features numerous setbacks that create large open-air terraces.
The following renderings from COOKFOX illustrate the building’s interiors.
Upon completion, the building is expected to achieve LEED Platinum-certification. In support of the city’s race to carbon neutrality by 2050, the project team selected low-carbon emissive mechanical, electrical, and plumbing systems, and below-grade geothermal piles. The building will also be the first new office building to utilize its concrete superstructure for thermal energy storage.
“555 Greenwich is an embodiment of Trinity’s stewardship and commitment to the long-term growth of the Hudson Square neighborhood,” said Sujohn Sarkar, managing director, asset management, Trinity Church Wall Street. “The sustainable construction methods we’ve employed have far-reaching implications and provide a roadmap for sustainable practices throughout Trinity’s portfolio and beyond.”
Total construction costs hover around $175 million. The development is expected to create over 1,000 construction-related jobs over the next 26 months. CBRE will exclusively oversee commercial leasing for the property.
The property joins a number of large developments underway in Hudson Square, which as quickly arisen as a popular locale for sprawling commercial campuses such as the new headquarters of Google and Disney.