Update: A spokesperson for Shvo sent along the following statement — “The renderings published are unauthorized and have nothing to do with the design of 125 Greenwich Street.”
YIMBY has the reveal for 125 Greenwich Street, which will become Downtown’s tallest residential skyscraper; a tipster close to the development passed along images and schematics confirming the tower’s significant growth spurt, and it will stand 1,356 feet tall. The project was formerly known as 22 Thames, but traded hands earlier this year, when Michael Shvo and Bizzi & Partners purchased the site for $185 million; the deal closed last week, signaling that plans are close to moving forward.
Rafael Vinoly designed the original 961-foot tower for the site, and he has been retained as the architect; the new version will top-out just a dozen feet shy of One World Trade Center’s roof, making it the second tallest building in Lower Manhattan — and the first Downtown residential skyscraper to rival the supertalls of 57th Street. The transition from rentals to condominiums explains the sudden bump in height.
432 Park Avenue’s oblique Downtown sibling will be similarly slim, soaring 77 stories at a pencil-like width. The floor count has only gone up by seven, and the majority of the height increase can be attributed to the enormous ceilings; slab heights are 13 feet through the 38th floor, 16 feet from 40-65, and an enormous 24 feet from 67 through 77 (per the zoomable site-plan and stacking diagram).
Residences are separated by mechanicals at levels 39, 55, and 66, and at the bottom of the tower, 24 “maid’s rooms” are located on floors 8 through 10, just above amenities and 20,752 square feet of retail. The building’s gross area totals 453,628 square feet.
Ten full-floor penthouses will measure 5,300 square feet apiece, and the tower will be capped by a 10,600 square foot duplex, which could vie for the title of Lower Manhattan’s most expensive residence. The top of the Woolworth is on the market for $110 million, but that number may be somewhat of a stretch; the flexibility for configuration and unsurpassed views will certainly give 125 Greenwich an edge in terms of appeal.
125 Greenwich Street will total 128 units, and while pricing is not yet available, the closest approximations would appear to be One Wall Street, which is on the way to condominium conversion, and 101 Murray Street, which will be the nearest Downtown competitor in terms of height. That project is being developed by Fisher Brothers — former owners of 125 Greenwich — and is set to stand approximately 1,000 feet tall.
Work on the current crop of cranes dotting the cityscape, including 56 Leonard, 30 Park Place and 50 West Street, will likely wrap up well before Shvo’s tower is complete. Unlike the aforementioned, 125 Greenwich Street will actually add to the pedestrian sphere, and the retail space on lower levels will enliven a corner immediately opposite the new World Trade Center Memorial.
While the conservative envelope of 432 Park Avenue faced significant criticism when the design was first revealed, the end result is quite appealing, and will be especially attractive when viewed against multiple 1,400-foot neighbors, rising in the immediate future. In a similar context, proximity to the World Trade Center will ensure 125 Greenwich blends into the Lower Manhattan skyline, though sheer height will still lend it ample distinction.
No completion date has been set, and permits for the revised design have not yet been filed.
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