While previous permits for 22 Thames revealed the height to its highest occupied floor, the elevation of the tower’s pinnacle remained a mystery; now, DOB documents confirm that the skyscraper will stand 960 feet in total, making it the tallest residential building in Lower Manhattan. Fisher Brothers and The Witkoff Group are developing the site, and the architect is Rafael Vinoly.
Downtown’s race to the sky began with the new World Trade Center, but the latest round of residential towers is narrowing the gap; 22 Thames will stand just 17 feet shy of 150 Greenwich Street, located one block to the north. 150 Greenwich will still be far bulkier than 22 Thames — consequently, maintaining its prominence — but Vinoly’s latest addition to the skyline will be impressive in its own right.
Per the DOB, 22 Thames will total 359,130 square feet, with retail occupying 11,435 square feet on the first two levels. The remainder of the 70-story building will be residential, with standardized floor-plates just shy of 6,500 square feet.
Perhaps the height of 22 Thames is most surprising because it will be rentals, unlike nearby skyscrapers at 56 Leonard and 30 Park Place; the market for buildings of significant height has been almost entirely dominated by product that can be bought and sold.
The Financial District may soon provide proof of profitability for extremely tall rental developments, as 70 Pine Street — which stands 952 feet to its pinnacle — also happens to be undergoing a conversion to apartments. While the site is currently for-sale, 111 Washington Street could also yield a tower of similar proportions to 22 Thames.
It seems that the Fisher Brothers’ latest venture in Lower Manhattan will provide a crucial litmus test on the demand for rental product at soaring heights, and if the condo boom is any indication, the development will be a major success. 70 Pine’s imminent lease-up will be an equally important indicator, and combined with 22 Thames, the towers could determine whether rentals in the Financial District begin to soar even taller.
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