Next up in our Turkey Week tour of stalled projects is 45 Broad Street, a 1,115-foot-tall residential skyscraper planned to become the tallest such structure in the Financial District. Designed by CetraRuddy and developed by Madison Equities and Gemdale Properties, the slender tower is most notable for its Art Deco-style appointments and sloped ornamental crown. Pizzarotti was formerly involved in the development of the project. It was announced earlier this year that 45 Broad Street will also have a slight height reduction of 80 feet to meet Federal Aviation Administration guidelines, according to the city’s Department of Buildings.
45 Broad Street
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.
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.
Located to the south of the New York Stock Exchange on a narrow rectangular strip of land along Broad Street, the Financial District’s first residential supertall will soon rise at 45 Broad Street. The tower will eventually soar 1,115 feet above the crowded streets of Lower Manhattan, and should make a very dramatic impact on the skyline in the coming years. Clad with bronze-colored aluminum panels and an intricate mix of sleek vertical and curved lines, it is the 5th-tallest skyscraper currently under construction in New York City. CetraRuddy is the architect, while the developers are Madison Equities and Pizzarotti LLC.
The Gladstone family has a long history of construction in New York, and the family’s current venture, Madison Equities, was founded in the mid-1960’s. Now, Madison is behind what will imminently become the first actual residential supertall below 34th Street in Manhattan, with 45 Broad Street set to rise 1,127 feet to its peak. Last week, Madison Equities’ CEO Robert Gladstone sat down with YIMBY to talk about that project, as well as everything else in the firm’s pipeline for the Five Boroughs.