Construction Update: 5 Beekman Nears Topping Out

5 Beekman5 Beekman

Last time YIMBY checked in on 5 Beekman Street, which also has an address of 115 Nassau Street, the building was reaching its first mechanical floors, and stood shorter than surrounding structures. Now, six months later, the project is close to topping-out, standing roughly a dozen floors shy of its ultimate pinnacle.

Gerner Kronick + Valcarcal is the architect and GFI Capital/GB Lodging are the developers. The new tower will eventually total 47 floors and 700 feet, with two parapets included to echo the adjacent Temple Court Building, which is being converted into a hotel. The tower has been dubbed ‘The Beekman’ and will have 68 condominiums in total, while the hotel portion of the project will have 287 rooms.

5 Beekman

5 Beekman facade

Glass has also risen around much of what’s already been built, offering a decent idea of what the final product will look like. While the building will be over 700 feet tall, its prominence will be muted by 8 Spruce Street just a block away, which will still tower over its new neighbor by nearly 200 feet.

5 Beekman

5 Beekman

While 57th Street certainly has the tallest new residential towers in New York, the Financial District comes a close second, and its new buildings are even more numerous. Besides 5 Beekman, 30 Park Place (937′), 56 Leonard (821′), and 50 West Street (783′) are also under construction, and the neighborhood’s first supertalls are possible at 125 Greenwich (a tentative 1,356′) and 80 South Street, which was recently in the news as a potential contender for the city’s tallest building.

5 Beekman

5 Beekman

Despite 5 Beekman’s relative lack of impact, it will still form an attractive spoke on a rapidly growing skyline, and completion is expected by late 2015.

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