Exterior work is nearing completion on 120 Water Street, a 28-story Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure is located along Water Street between Pine and Wall Streets and will yield 128 rooms managed by Fortuna Realty Group. Raj Guru, Principal of Atlas, is the owner of 120 Water Street.
Since YIMBY’s last update back in the winter, much of the remaining façade installation on the lower half of the main eastern elevation has been completed. The last major segments awaiting completion are the stack of two-story open-air terraces on the northeastern corner of the edifice, and the ground floor.
The top half of the irregular, asymmetrical geometric cutouts above the sidewalk scaffolding are now visible, and closely resemble what is shown in the main rendering with some minor changes to the number of voids.
The most prominent departure from the rendering is the color scheme, which features a dark red and gray palette instead of the bright blue and yellow tones that were planned. Architecturally, the first story and the cantilever at the very top are the only dynamic elements that were retained throughout the various changes for 120 Water Street. We will see the rest of this ground-floor façade once the scaffolding comes down in the near future.
The following photograph from above shows the mechanical equipment being installed across a couple of different spots atop the slender superstructure. This perspective gives an impression of the tight floor space and footprint of the tower.
Amenities for hotel guests include a fitness center on the cellar level, a ground-floor restaurant, and a 25th-floor venue space, which is noted by the protruding balcony. The nearest subways are the 2 and 3 trains at the Wall Street station, accessible via the nearby interior public atrium at 60 Wall Street to the west. The J and Z trains are also a short walk away, located in front of the New York Stock Exchange at the intersection of Broad Street and Wall Street.
120 Water Street should likely be done sometime in the next several months.