Hot off the success of JDS and Property Markets Group’s Walker Tower conversion in Chelsea (one of the penthouses, asking $47.5 million, just entered into contract) and their smaller Stella Tower uptown, another developer is trying their hand at working the same magic on an earlier Ralph Walker-designed building: the Verizon Building downtown (or the Barclay-Vesey Building, or the New York Telephone Company Building, depending on your era), at 140 West Street.
Rebranded as 100 Barclay, the bulky 32-story tower at the foot of Tribeca – considered by architectural historians to be the first Art Deco skyscraper, setting the stage for the Empire State Building, Rockefeller Center, and many others – is being repurposed into luxury condominiums by Ben Shaoul’s Magnum Real Estate Group and the CIM Group (of 432 Park fame). The teaser site is up, and we’ve grabbed a few renderings of the completed renovation, which is currently under way.
The ceiling of the lobby is replete with Art Deco motifs, depicting the progression of human communication throughout the ages, with images of carrier pigeons, West African drums, Native American smoke signals, an Egyptian megaphone, medieval flag signals, among others.
As with the two other Walker conversions uptown, Verizon will be staying on the lower 10 floors of the building. But atop that, CIM and Magnum are carving out 161 luxury condos, ranging from modest one-bedroom units to extravagant five-bedroom spreads (the penthouse will be a duplex, spanning the 31st and 32nd floors). Sales should commence later this year or early next, with the Times quoting prices in the $2,000s per square foot.
The interiors will be done by Champalimaud & GRADE, Ismael Leyva is the architect of record, and DXA Studio is the landmarks and exterior design architect.
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