Construction Update: 30 Park Place

30 Park PlaceOld rendering of 30 Park Place pre-height adjustment, image from Silverstein

New plans have been filed for Silverstein’s 30 Park Place – formerly known as 99 Church Street – and the revised documents call for a slight height increase. The Stern-designed condominium and hotel tower is now slated to rise 937 feet, which is a hair over the original 912′ version. The change in plans also comes with a rise in the number of units, which have increased from 143 to 161.

A Four Seasons Hotel will occupy the base of the tower, with 149 rooms spanning floors 6 to 22. Residences above will have a variety of configurations, but most floors will have four apartments, with half-duplex units sprinkled into the mix. Whole floor penthouses will occupy floors 64 to 66.

Despite the new permits, no activity is obvious on-site, and 30 Park Place’s lot remains fallow. The vacant pit has sat empty since the 2008 Financial Crisis, but the resumption in permit activity is definitely a sign for hope – and Silverstein has committed to getting 30 Park Place out of the ground, though there have clearly been delays. With Manhattan’s residential market extremely hot, and rival projects like 56 Leonard already rising, the market for 30 Park Place is definitely there.

Designed by Stern, 30 Park Place will employ a limestone facade with Art Deco sensibilities, and will be the first notable Downtown tower built in a pre-war style since the 1930s. The Lower Manhattan skyline has gradually come to be dominated by larger boxier buildings, a movement that culminated with the original World Trade Center, but the latest trend is a definite embrace of thin, residential skyscrapers, exemplified by 99 Church, 56 Leonard, and 22 Thames Street.

The employment of Stern in creating 30 Park Place will ensure a return to pre-war sensibilities in the best location possible, as the new tower will sit adjacent to The Woolworth Building – which has also seen a residential conversion since 30 Park Place was initially proposed, further proving the demand for super-luxury units in the Downtown market.

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