For Sale: 45 Broad Street

45 Broad Street45 Broad Street

Plans for The Nobu Hotel at 45 Broad Street are dead, and the site is up for market by Cushman & Wakefield, per Real Estate Weekly. The plot offers over 260,000 square feet of development rights, and if the occupant is super-luxury residential, the final product could be quite tall.

45 Broad Street

45 Broad Street — via REW

The sale is accompanied by a rendering of what the site could become, obviously lacking in any significant detail, but displaying an idea of the potential massing. The Nobu Hotel was significantly skinnier and taller; something similar is likely for the plot’s eventual occupant.

Residential buildings in the Financial District have seen a dramatic increase in their average planned heights, and the recent trend will likely extend to 45 Broad Street. Given the Nobu Hotel was planned to rise 62 stories and 709 feet, the tower could easily eclipse the 700′ mark; there has been a shift towards fewer units per floor in recent years, and lofty ceilings have become standard for super-luxe developments.

45 Broad Street

45 Broad Street

Those previously involved with the site included Swig Equities and Robert de Niro, but the proposal was killed by the 2008 crash.

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