The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.
The first sculptural glass panels on Thomas Heatherwick’s premiere residential project at 515 West 18th Street are starting to be installed. The glass and metal frames are rising on the western elevation of the shorter ten-story building, which has topped out along Tenth Avenue. Heatherwick’s pair of architecturally matching structures straddle the High Line and will be an interesting addition to the Chelsea neighborhood. The taller half of the complex is rising on the western edge of the elevated park and will soon stand 22 stories high. The site is being developed by Related Companies.
YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.
Work has resumed on 540 Fulton Street, a 511-foot-tall, 42-story, mixed-use skyscraper in Downtown Brooklyn. Construction had been suspended since February, when stop work orders were issued due to alleged safety concerns at the site. The mixed-use residential project is being designed by Marvel Architects and developed by Jenel Management. The reinforced concrete tower will yield about 330,000 square feet, with nearly 96,600 square feet to be allocated to commercial space on the lower floors. The remainder will be reserved for residences and measure about 236,900 square feet.
Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.