In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.
One Wall Street
YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.
Following a major announcement for the $1.5 billion conversion and partial expansion of Manhattan’s One Wall Street, the development team has revealed new renderings of the building’s crowning residential areas.
One Wall Street is in the midst of a huge $1.5 billion makeover as the 51-story Art Deco gem is converted from office use into 566 residential units, topped with a triplex that may fetch $40 million. At street level, significant activity can be seen, as parts of the facade have been removed to make way for the retail section in the building that will bring a Whole Foods to the Financial District.
A Whole Foods Market will take up 44,000-square feet across the ground and second floors of 1 Wall Street, in the Financial District, Commercial Observer reported. The 50-story, 654-foot-tall office building – part of which is an individual landmark – is currently being converted into 155,000 square feet of commercial-retail space and 524 residential units. YIMBY reported on the Landmarks Preservation Commission’s approval of the planned alterations back in January and April. A rendering of the new store reveals that the Whole Foods will be located in the annex portion of 1 Wall Street. The annex portion is also being expanded at the top. Macklowe Properties is the developer. Robert A.M. Stern Architects and SLCE Architects are behind the architecture. The retailer is expected to open its doors in late 2018.