Construction is well underway for what will eventually become the Financial District’s tallest residential tower, a 64-story supertall at 45 Broad Street. Thanks to a reader providing an overview photograph, we can see that trucks are currently removing debris from the site, and reports indicate that concrete trucks are also moving in and out, indicating that excavation is now in full swing. Drilling for the foundational piers has already started. Pizzarotti LLC is responsible for building and developing the tower, along with Madison Equities and AMS Acquisitions.
YIMBY last reported on 45 Broad Street when workers arrived and barrier installation began back in September. Now, we have a few fresh renderings for the tower, which also depict what the inside of the open-air mechanical floors will look like. The supertall borrows the technique from 432 Park Avenue, and combined with the intricate bronze exterior, the resulting tower could be one of the most attractive additions to the Lower Manhattan skyline in several decades.
While the slate of supertalls entering the city’s development pipeline has been dwindling across most neighborhoods, the trickle of new construction has stayed constant in the densest areas of Midtown and the Financial District. Within the blocks of Lower Manhattan, 45 Broad Street has continued to make progress, and now, workers are arriving on-site for what will become Downtown’s tallest residential tower.
The supertall mixed-use tower planned at 45 Broad Street will shimmer at its apex, over 1,100 feet above the streets of Lower Manhattan. But at ground level, the Financial District project will bring new services to those who won’t even enter the building. On Tuesday, the Landmarks Preservation Commission voted to approve new subway elevators planned on Broad Street.
Earlier this week, YIMBY brought you a new rendering of the mixed-use supertall tower planned at 45 Broad Street, in the Financial District, but now new building applications have been filed with the Department of Buildings. The 371,634-square-foot tower, which has been marketed as 86 stories, will actually have 64 real floors and will stand 1,115 feet above street level. It will also have 150 residential units, which is significantly less than the previous figure of 245. The apartments should average 1,394 square feet apiece, indicative of condominiums, and units will come in studio to three-bedroom configurations. There will also be 48,077 square feet of office space on the third through eighth floors. The project’s 20,000 square feet of amenities will be located on three sub-cellar levels and the ninth through eleventh floors. Madison Equities, Pizzarotti-IBC, and AMS Acquisitions are the developers, and CetraRuddy is behind the design. Excavation is expected to begin later this year, with completion of the tower scheduled for 2018.