Two weeks ago, YIMBY posted the first exteriors for the Robert A.M. Stern-designed revamp of One Wall Street, and now a new video for the project has appeared, featuring its developer Harry Macklowe, which comes with fresh renderings of what the project’s retail may look like.
Earlier this year, YIMBY brought you a proposal for the transformation of One Wall Street created by CetraRuddy. While that version of the tower will remain unbuilt, we now have the first rendering of actual plans, created by Robert A.M. Stern for developer Macklowe Properties, as well as word that the development is seeking $100 million in EB-5 funding, or 6.6% of its projected cost of $1.502 billion.
Back in May of 2014, One Wall Street was acquired by Harry Macklowe from BNY Mellon for $585 million, with plans to convert the building from office to residential use. The Ralph Walker-designed tower is one of the most iconic skyscrapers in the Financial District, from its limestone exterior, to the vulcan-inspired Red Room, all the way to the former executive smoking room/observation lounge at the tip-top of the building. And now YIMBY has the first renderings of what the building will eventually look like, courtesy of a tipster, who sent along CetraRuddy-designed plans that transform the building’s base into a major retail destination, and its upper floors into condominiums and a hotel.
YIMBY recently visited Stella Tower — at 425 West 50th Street — which is one of the latest ventures by JDS Development and Property Markets Group. With PMG’s Elliot Joseph also in tow, JDS’ Michael Stern led the…