As 2019 comes to a close, excavation and foundation work has yet to begin at 45 Broad Street, where the sixth-tallest construction project in New York is set to rise. Designed by CetraRuddy and developed by Madison Equities and Pizzarotti LLC, the residential skyscraper is planned to reach a height of 1,115 feet above the Financial District, just steps from the New York Stock Exchange.
The narrow rectangular site has been bereft of activity since it was cleared several months ago. However, it is possible that work could resume in 2020. 45 Broad Street will be the tallest residential structure in the Financial District and Lower Manhattan, eclipsing the spire of 70 Pine Street by 163 feet, as well as the parapets of 30 Park Place and 56 Leonard Street.
YIMBY last reported that Gladstone is helping to create a new pair of ADA-accessible subway elevators for the Broad Street station as part of the Department of City Planning’s “subway bonus” initiative.
The most challenging aspect of construction will be the delivery of materials to the narrow and heavily monitored streets that surround the property, as well as excavating and forming the first few floors of the superstructure before it clears the heights of the abutting buildings. A skyscraper of 45 Broad Street’s proposed height would have a substantial impact on the shape of the Lower Manhattan skyline. With its gold-colored, Art Deco-inspired crown, rounded corners, and slender profile, the skyscraper will also complement the look and feel of 1920s towers like 70 Pine Street, 40 Wall Street, and 20 Exchange Place.
A start and completion date for 45 Broad Street has not been heard of yet.