After years of waiting, 45 Park Place is finally making a rapid ascent into the Lower Manhattan skyline. The skyscraper will soon rise 43 stories and 667 feet to its rooftop pinnacle, and is being developed by Sharif el-Gamal’s Soho Properties. Although substantially shorter than nearby towers like 30 Park Place, 56 Leonard Street, and 111 Murray Street, the 50-unit structure will still offer comprehensive views of Tribeca to the north, Brooklyn, the Manhattan Bridge, and City Hall to the east, and the World Trade Center, immediately to the south.
The building’s Tribeca sales gallery opened last summer, and includes a vertically mounted 3D-printed model of Manhattan from the World Trade Center to Midtown. One-bedroom units will begin at $1.92 million, two-bedroom will start at $3.73 million, three-bedrooms at $4.6 million, four-bedrooms from $10.5 million, and two duplex penthouses are listed for $39 million and $41 million. Naturally, the penthouses include private terraces on the eastern side of the building.
Sales are aiming for $3,400 per square foot, which would be substantially above the neighborhood averages for both Tribeca and the Financial District.
Piero Lissoni is heading interior design while SOMA Architects is the main architect. Ismael Leyva is the executive and residential architect. Sales are now being led by Corcoran Sunshine.
Clad in glass from top to bottom and built from reinforced concrete, the form of the building follows a simple use of vertical mullions that align with the gentle setbacks on the east, and two inverted setback on the west that lightly carve out its southwest corner.
At street level, an outdoor courtyard with fresh landscaping will lead to the Jean Nouvel-designed Islamic cultural center. Set to rise three stories towards the back of the courtyard, Gamal had previously filed plans for the cultural center last Fall, with its address now labeled as 51 Park Place.
When complete, the cultural center will cover about 16,000 square feet, including a sub-story level as a sanctuary. The tower and its crane are now climbing steadily, and will soon be visible from the 9/11 memorial when looking above the U.S. Postal Service Building at 90 Church Street.
Completion of 45 Park Place, along with the Islamic Cultural Center that should follow shortly thereafter, is expected sometime next year.