Among New York City supertalls expected to rise as part of the current development boom, 80 South Street has been the only major project of prominence to retain near-complete secrecy when it comes to architectural visualizations. Today, YIMBY has the exclusive reveal for the plan tentatively in the works for the site, for developer China Oceanwide Holdings, which would result in the tallest building by roof height in all of Lower Manhattan, likely approaching 1,500 feet above street level.
China Oceanwide Holdings
Ever since the Beijing-based conglomerate China Oceanwide Holdings acquired two sites in New York’s South Street Seaport from Howard Hughes Corp. in the Financial District in 2016 for $390 million, the site’s future has remained as opaque as the company itself. Oceanwide apparently planned to build a mixed-use supertall as high as 1,436 feet at 80 South Street (which includes the second site it purchased from Howard Hughes at 163 Front Street).
Yesterday was ‘Archmodel Wednesday’ on Instagram, which meant that YIMBY Forumers were actively posting images of several new developments. And in the background of an image containing SHoP’s 111 West 57th Street, our team of cyber-sleuths spotted another project that has not yet been revealed. 80 South Street’s massing diagram had alluded to the tower’s supertall potential, but now we have a look at an actual model of the building, though the fine-grained details remain fuzzy, which confirms that the tower will rise over 1,400 feet tall. That would make it the tallest building by roof height in Lower Manhattan, standing approximately 50 feet above the rooftop of One World Trade Center.
This past summer, the U.S. branch of Beijing-based China Oceanwide Holdings made a deal with Howard Hughes Corp. to acquire the development site at 80 South Street, in the Financial District, for $390 million. Now Curbed reports the developer has received approval from the City Planning Commission to transfer 426,940 square feet of air rights to the site. That means a mixed-use building of up to 1,067,350 square feet could be built, of which 512,300 square feet could contain residential units. That could mean a supertall tower at the site along the South Street Seaport. Applications have not been submitted to the Department of Buildings yet, but the latest document suggest the developer will be taking full advantage of the site and a large commercial component is being planned. A design architect has not yet been revealed. A number of low- and mid-rise buildings would first have to be demolished.
A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.