Vertical Potential: 111 Washington Street

111 Washington StreetOld plan for 111 Washington Street, image by Pinkstone Capital

While 111 Washington Street has been a vacant lot for quite some time, the team at Massey Knakal has crafted new renderings of the site’s potential, which is enormous. The project has development rights of 362,301 square feet, which have been amassed by years of gradual acquisitions; the assemblage takes air rights from four adjacent lots, as well as 105 Washington Street. The above image is of the old plan; proof of its age is the presence of the Deutsche Bank Building‘s silhouette, as that tower was fully demolished in early 2011.

111 Washington Street

111 Washington Street — image by Massey Knakal

The presented vision is a minor departure from the site’s former plan, which depicted a slightly atypical glassy box; the previous developer was Pinkstone Capital, which designed the tower using an in-house team. Permits for the old iteration were filed in February of 2013, though they are obviously no longer relevant given the expected changes to 111 Washington.

Besides the Pinkstone plan, images via Selldorf Architects may have also presented an alternative plan for 111 Washington, though the exact location of the rendered tower remains unknown; that design also matched the tower’s permitted size, and its louvered facade would have been an innovative and remarkable addition to the Lower Manhattan skyline.

Selldorf Tower

Selldorf Tower, which may or may not have been slated for 111 Washington Street

Ultimately, the delay in construction may result in a starchitect-quality design, especially given the lot’s $260 million asking price. The overriding trend in the Financial District — and really, across all of Manhattan — has been to build as tall as possible, with the recent reveal of Fisher Brothers’ 22 Thames Street likely heralding a taller eventuality at 111 Washington Street.

Indeed, the current plans for 22 Thames Street stretch approximately 360,000 square feet of air rights roughly 900 feet into the sky; 111 Washington has nearly the same square footage, and its location is equally prime to the Fisher Brothers project. While nothing formal has been revealed, the Massey Knakal rendering is likely shorter than what will eventually be built, if nearby projects are any indication of the site’s potential; given the sky-high price-tag for the assemblage, something that takes full advantage of the air rights and maximizes views would definitely be warranted.

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