While the slate of supertalls entering the city’s development pipeline has been dwindling across most neighborhoods, the trickle of new construction has stayed constant in the densest areas of Midtown and the Financial District. Within the blocks of Lower Manhattan, 45 Broad Street has continued to make progress, and now, workers are arriving on-site for what will become Downtown’s tallest residential tower.
Tectonic sent along the above shot, showing some new work being done in front of the tower, and YIMBY reached out to Pizzarotti LLC, which is both building and developing the tower, for the latest on progress. As its director of business development Frank DeGrande told us, “[tallest] residential building in Downtown Manhattan set to break ground. Excavation and drilling equipment has arrived.”
According to the latest applications filed with the Department of Buildings, the 64-story tower will rise 1,115 feet to its rooftop. Within, there will be 371,634 square feet of space, which will include 48,077 square feet of offices on the first few floors, as well as another 20,000 square feet of amenity space, spread between three sub-cellar levels and the ninth through eleventh floors. Above that, there will be 150 condominiums.
CetraRuddy is behind the design for the tower, which will bring Downtown back to its Art Deco roots. The architects will take full advantage of the supertall’s slim but soaring envelope, and like the new condominium towers rising along 57th Street, bronze will be interwoven into 45 Broad’s exterior. In fact, the building will feature extensive metallic highlights, and combined with its height, the project will be substantially more prominent than towers like 125 Greenwich Street, now rising into the skyline a few blocks to the northwest.
Madison Equities, Pizzarotti LLC, and AMS Acquisitions are the developers, and completion is likely in another two to three years.