Exterior work is complete on 120 Water Street, a 28-story Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 299-foot-tall tower will yield 52,000 square feet and 128 rooms managed by Fortuna Realty Group. Raj Guru, principal of Atlas, is the owner of the property, which is located on a narrow plot between Pine and Wall Streets.
Since our last update in May, work has concluded on the façade, including the installation of the glass railings for the balconies on the northern end of the main elevation and the completion of the ground-floor exterior.
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
The final outcome of 120 Water Street is a significant departure from the initial renderings, which called for a blue-colored exterior with bright yellow highlights. A prominent cantilever on the upper levels would have also been painted yellow.
120 Water Street. Rendering by Gene Kaufman Architects
This bold approach was toned down to create a more neutral presence among the neighborhood with a design that blends nicely with the surrounding architecture.
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
120 Water Street. Photo by Michael Young
The only unconventional design aspect that was largely preserved from the original scheme is the series of asymmetrical diagonal columns facing Water Street next to the main entrance.
120 Water Street. Photo by Michael Young
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.
There is a multitude of attractions within walking distance from the hotel, including the World Trade Center complex and Westfield shopping mall at the Oculus, Le District and the waterfront at Brookfield Place, the New York Stock Exchange, Trinity Church, the Brooklyn Bridge, Pier 17 and the South Street Seaport District, the terminal for the Staten Island Ferry, the Battery Park esplanade, and a host of different restaurants and places to shop.
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It’s not bad, but the original design was better.
Besides the interesting ground floor, it gets increasingly crappy the higher you go. This is another one of those perfect images you’d show a visiting Martian to ask them what the more abvanced people were reaponsible for designing.
another soon to be homeless shelter right next to the current homeless shelter Holiday Inn Express.
These two disasters belong next to each other.
Both pieces of Crap.
I don’t mind the ground floor area too much, but the rest is just depressing. I think the indigo color-scheme would’ve actually been better. It’s just B A D.
This Indigo and the adjacent Holiday Inn Express are built up to the street line. This is how it should have been for all those McSam/Kaufman monstrosities in midtown. The zoning there needs to be fixed.
100%.
Yet it feels like we’re powerless to stop it. Maybe Eric Adams should be asked about it.