YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

One Wall Street seen from the World Trade Center. Photo by Michael Young

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

One Wall Street and Trinity Church. Photo by Michael Young

The bottom portion of the complex is temporarily covered in a perimeter of green-colored sidewalk scaffolding while the address and developer’s name and flags stand high above the street. The future 44,000-square-foot Whole Foods Market is making swift progress with the cantilevering steel floors fully assembled and awaiting the metal clips that will be attached to the edge facing Broadway. They will mount tall transparent glass panels, which will rise in a stepped pattern with the upper portions of this protruding addition creating outdoor spaces for several units. The edges of the steel decking are grooved and etched with an architectural language that complements the exterior envelope of the annex and the original tower.

Looking south at the new protruding steel decking. Photo by Michael Young

The new retail addition. Photo by Michael Young

Removal of the curtain wall has revealed the steel columns and beams that have been stripped of the old sheathing, while sections are taken apart to make way for large atrium spaces.

The corner of the southern elevation with the curtain wall removed, exposing the steel structure. Photo by Michael Young

Looking up the southwestern corner of One Wall Street. Photo by Michael Young

Standing on the new floors reveal perfect vantage points of Trinity Church and Bowling Green.

Trinity Church. Photo by Michael Young

A closer view of Trinity Church. Photo by Michael Young

The double-height spaces show the scale of the construction and how extensive the 174,000-square-foot retail portion will be. A Life Time fitness and health club will also come to the building, and several portions of the floor slabs have been cut to make way for future escalators and retail circulation.

A portion of the floor slab cut away for future retail circulation. Photo by Michael Young

The left side of the photos shows the original building while the right side of the columns shows the new portion adjoining the existing structure. Photo by Michael Young

Looking up at the double-height spaces of the new retail section alongside Broadway. Photo by Michael Young

The two sets of elevator hoists are both located on New Street along the western elevation.

One of the lower setbacks and hoists on the western elevation. Photo by Michael Young

Looking through the mechanical hoist at the western elevation of One Wall Street. Photo by Michael Young

Lower levels of the building will offer clear views of the New York Stock Exchange.

The New York Stock Exchange. Photo by Michael Young

The upper floors of One Wall Street will provide residents with views of the World Trade Center and the rest of the Financial District. The property sits right along Broadway, which runs directly through the middle of the tip of Manhattan. This location places the building at a great enough distance from the clusters of stone and glass skyscrapers to give it some prominence, but is still close enough to admire the eclectic architectural mix of the famous New York skyline.

Looking west at the World Trade Center complex and 125 Greenwich Street. Photo by Michael Young

The pyramidal top of 14 Wall Street seen from one of the upper setbacks. Photo by Michael Young

The upper half of the building also has vistas of the New York Harbor all the way out to the Verrazano Narrows Bridge.

The New York harbor. Photo by Michael Young

Work on the first couple of floors of the new extension is underway. Photo by Michael Young

Work on the five-story addition can be seen in the photo above, as construction workers were getting the formwork ready to lay down steel rebar and begin the next set of concrete slab pouring. The new section will have an indoor swimming pool with a surrounding outdoor terrace, and will sit underneath a rooftop space for residents.

The floor-to-ceiling opening in the wall will eventually lead to the new addition of One Wall Street. Photo by Michael Young

The photo above shows part of the southern wall cut open. The floor here will eventually extend into the new wing, which should top out sometime this summer.

Sales of One Wall Street are expected to begin this fall, while full completion is expected sometime next year.

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