The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.
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.
Proposals from the Francesca Russo Architect design team reveal plans to modernize exterior elements of an aging Greek Revival-style building at 5 West 16th Street. Located near Union Square Park, the building was originally completed in 1846 as a private residence. The home was later designated an official city landmark by the Landmarks Preservation Commission in June 1986.
Work on 111 Varick Street’s reinforced concrete structure is making swift progress in Hudson Square, recently surpassing the first of several setbacks. Located at the northern corner of Varick Street and Broome Street, the future 27-story residential tower received a design update late last year, which can be seen in the featured image above. The rental project is being designed by S9 Architecture and developed by Madigan Development. It will contain 100 affordable and market-rate units, as well as ground-floor retail space. CM & Associates is in charge of construction.
Construction has reached street level at 11 Avenue C, aka 350 East Houston Street, a future ten-story mixed-use building designed by Rotwein+Blake Architects with SLCE as the architect of record. The structure will rise about 110 feet high and yield just under 50,000 square feet of space. Of this, 4,100 square feet will be dedicated to commercial use and 38,162 square feet to residential space divided among 45 apartments, averaging over 800 square feet apiece. The project is being developed by BLDG Management.