Madison Equities

45 Broad Street

64-Story, 1,115-Foot-Tall Mixed-Use Tower at 45 Broad Street Will Have 150 Residential Units, Financial District

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.


45 Broad Street

New Look at 86-Story, 245-Unit Mixed-Use Supertall Tower, 45 Broad Street, Financial District

Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.


45 Broad Street

First Look At 86-Story, 245-Unit Mixed-Use Supertall Tower At 45 Broad Street, Financial District

Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.


45 Broad Street

Developers Plan 86-Story, 1,100-Foot-Tall Mixed-Use Tower At 45 Broad Street, Financial District

Back in the fall of 2015, Madison Equities and Pizzarotti-IBC closed on the purchase of the 45 Broad Street development site in the Financial District, and now Curbed reports the pair are planning an 86-story, 245-unit residential tower. The supertall – being designed by CetraRuddy – would stretch 1,100 feet into the sky, although some details are still being finalized. In addition, five floors of commercial space are planned, and future residents will have access to amenities including, but not limited to, a swimming pool, a gym, and a lounge. New building applications are expected sometime this summer, and groundbreaking is scheduled for later this fall. A tentative completion date is slated for 2018.


212 Fifth Avenue clad in scaffolding

Touring the Under Construction Condo Conversion at 212 Fifth Avenue, Flatiron District

The Neo-Gothic high-rise at 212 Fifth Avenue has occupied a wedge-shaped plot just north of Madison Square Park since 1912. It once held furniture and garment manufacturers, who had their offices on the upper floors and massive showrooms on the lower ones. Now, Madison and Thor Equities are converting the 24-story building to condos, and they’re restoring the landmarked limestone facade and cornices in the process. YIMBY recently toured the property and got a close-up look at the restoration.

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