YIMBY recently checked in on the status of 45 Broad Street, where a CetraRuddy-designed supertall is slated to rise 1,115 feet above Lower Manhattan. The site of the Financial District project, which is being developed by Madison Equities and Pizzarotti LLC, appears primed for the beginning of construction.
When YIMBY last visited the site in late December, a number of piling machines and excavators were in position on the narrow piece of land. Looking through the green construction fence now, this machinery has been removed and the dirt is mostly leveled off. While no signs of recent work were visible, there are some lines of exposed steel rebar sticking out from the ground along the northern and southern perimeter of the site. We hope to see vertical progress in 2020. The Art Deco-inspired skyscraper will make a significant impression on the skyline with its curtain wall of elegant, reflective, sleek lines that top off in a sloped, golden crown.
A recent interview with Madison Equities’ CEO Robert Gladstone in Commercial Observer stated that the project is still in the foundation stage, but is about to commence with the pouring of foundations. This phase in construction is reported to take a total of four months to complete. Gladstone is also pleased with the initiative to help create a new pair of subway elevators for the Broad Street station for those with disabilities. This contribution is due to the Department of City Planning’s “subway bonus” initiative that allows developers to help fund subway improvements in exchange for zoning benefits for a construction site adjacent to a subway stop.
The time frame for the rise of the superstructure above street level and a completion date have not been announced yet.