The New York City landmarks law was signed 50 years ago this year. So, what better time to talk about some of its successes? Plenty of great structures, such as the Empire State Building, completed in 1931 as a multi-tenant office building, are easy to keep relevant and functioning. Others, however, become obsolete and can no longer perform their originally intended purpose. That’s where adaptive reuse comes in. If you haven’t heard the term, it’s when an old structure is adapted for a new use. It’s often how we are saving our great city.
One Chase Manhattan Plaza
A new dawn is coming for a lower Manhattan landmark. With Chase gone, the Landmarks Preservation Commission approved a proposal for an adaptive reuse of the plaza in front of the building formerly known as One Chase Manhattan Plaza (now 28 Liberty Street since Fosun International Ltd. bought). There will be ground floor retail and major changes to the plaza that should bring a lot of it back to its former glory.
In 2013, Fosun International Ltd. bought One Chase Manhattan Plaza. They have re-branded it as 28 Liberty Street and now they want to re-develop the landmark. The proposal includes ground floor retail and major changes to the plaza, and was presented to the Landmarks Preservation Commission on Tuesday, but the commissioners had issues. So, the team will have to re-work their plan before they get the go-ahead.