Art-Deco Masterpiece 70 Pine Street Opens, Offering Two Months Free Rent
It’s not everyday that one has the chance to live in one of the world’s finest skyscrapers. Details of The Pinnacle at The Woolworth Tower Residences have yet to be revealed, but for those of us still saving to buy a piece of history, the rentals at 70 Pine Street await. Soaring to a cloud-popping height of 66 stories and 952 feet, the building is essentially downtown’s Empire State Building and was the world’s third tallest building upon completion in 1932.
Designed by Clinton & Russell, Holton & George for the utilities conglomerate Cities Service company (later known as CITGO), the tower was sold to the American International Group (AIG) in 1976, where they held their offices until the last recession. Breathing new life into the landmarked building, Rose Associates is re-conceiving the commercial icon into 644 rental apartments, a 137-room extended stay hotel, and 35,000 square feet of retail space. And for a limited time, Rose is offering two months free rent or one month free rent and paid broker’s fee for newly-signed leases. The homes are divided into the city, tower, and penthouse collections and as we await construction to fully wrap up, 17 apartments are currently available throughout its mid-level city collection floors.
Net effective rents start at $2,804/month for studios, $3,690/month for one-bedrooms, and $5,751/month for two-bedrooms. Homes feature 12-foot ceilings, oak flooring, open kitchens with stainless appliances, ample closet space, and master baths with oversized porcelain tile, custom vanities, and Grohe fixtures. Additionally, units have individually controlled heating and cooling, Thermopane operable windows and some even feature private terraces.
Amenities include a 24-hour doorman, bike storage, children’s playroom, and 21,000 square feet of recreational perks such as a LA PALESTRA Fitness and Wellness Center, a game room, bowling alley, golf simulator and screening room. Additionally, the tower will be topped by an upcoming rooftop restaurant by Ken Friedman and April Bloomfield.
The tower’s broad base, slender streamlined shaft, and ornate stepped crown has been an inspiring fixture in the downtown skyline since it was finished before the Great Depression. According to architecture critic Carter Horsley, “Until the Chase Manhattan Plaza tower in the 1960s and the World Trade Center in the 1970s ruined it, the lower Manhattan skyline was defined by this building, 40 Wall Street, 20 Exchange Place, 1 Wall Street, the Woolworth Building, 26 Broadway and the original bulbous Singer Building. It was the world’s most famous, most important and most romantic skyline, inspiring the world with the dramatic and aesthetic potential of high-rise cities. ”
Once lit at night in a bold array of colors, the uppermost floor held an observation solarium that the New York Times’ Christopher Gray called “a glass jewel box at the top of the world.” Its 360-degree views of the harbor and cityscape will be part of the four-floor restaurant slated to open later this year.
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All Images © Rose Associates