New Look: The Beekman, 115 Nassau Street

115 Nassau115 Nassau, aka The Beekman, image by GFI Development/Gerner Kronick + Valcarcal

While 5 Beekman renderings have been released sporadically, with a first look hidden within the depths of a New York Magazine article, YIMBY has a fresh perspective of the development — this time, featuring images that have not been steeped in an Instagram filter. And without the overly saturated colors, the building actually looks quite attractive.

Gerner Kronick + Valcarcal is designing the 47-story tower — located at 115 Nassau Street — which will rise on the backside of the Temple Court Building, at 5 Beekman Street. While the Temple Court is being turned into a 287-room hotel, its skyscraper sibling will have 68 condominium residences.

The Beekman/115 Nassau

The Beekman/115 Nassau, construction progress as of September

Exposed structural elements accentuate the skinny tower’s rise, and add to a skeletal appearance, which is further enhanced by cladding that appears to be cast-concrete. While previous renderings of The Beekman bathe the facade in sepia undertones, it will actually be white, offering a bright and refreshing contrast against grittier pre-war surrounds.

The most obvious homage to the Temple Court Building is located at the top of 115 Nassau, where two pointed pinnacles echo the parapets atop its shorter neighbor. These take The Beekman’s total height to approximately 700 feet, making it one of the tallest residential buildings in Lower Manhattan.

The surrounding neighborhood is seeing rapid changes, which largely began with the construction of 8 Spruce Street. Since the late 2000s, buildings have risen at 33 Beekman and 113 Nassau, and additional developments are planned at 19 Beekman, as well as the J&R site, at 1-15 Park Row.

5 Beekman will become the highest-end development in the vicinity, which is on the northern edge of the Financial District. As remaining opportunities for new construction dwindle, prices in the neighborhood will continue to increase, as zoning and the state limit on residential FAR cap built potential to unreasonably low levels. This is despite proximity to the Fulton Transit Center, and a range of other subway stations, which make the location one of the most accessible in New York City.

GFI Capital and GB Lodging are developing the project, and it is has risen quickly since climbing above ground level earlier this year, with completion expected by late 2015.

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