Financial District

Architecture, Financial District, Major Developments

The Perelman at night, facing south © Luxigon

About a month after the Ronald O. Perelman Performing Arts Center (PAC) topped out at the World Trade Center complex, new renderings of the unique project were released this week. As first spotted by Yimby, images showcase the flexible cube-shaped building and its glowing marble facade, the grand staircase, theaters, bar and restaurant, and terrace space. First envisioned nearly two decades prior, PAC is expected to open in 2023.

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Events, Financial District, Restaurants

Rendering by TMRW, courtesy of Brookfield Place New York

This Friday, the waterfront Upper Plaza at Brookfield Place will be transformed into The Bungalow, a “relaxing urban oasis inspired by the beachside retreats of Montauk.” Guests can take in views of the Hudson River and New York Harbor while enjoying specialty cocktails and small bites. They’ll also be able to enjoy live music and DJs, bocce courts, and weekly events and arts programming. The best part? It’s free to enter.

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Events, Financial District, Restaurants

Photo of a past dinner by Lizzie Munro @lizziemunro

When outdoor dining took on a new life last summer, many restaurant and hospitality companies had to get creative. But Resident, a startup that hosts dinners on balconies and rooftops of luxury apartments, was already ahead of the game. This past fall, they launched a socially distant supper club on the balcony of the Financial District’s landmarked Broad Exchange Building, including a rotating chef residency with newcomers who have experience at Michelin-starred restaurants. The supper club is now back, featuring a Venezuelan-inspired tasting menu from Chef Luis Herrera, redefined soul food from Chef Sakari Smithwick, a Filipino-inspired meal from Chef Harold Villarosa, and much more.

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Financial District, real estate trends

New atrium proposed for 60 Wall Street; Conceptual renderings courtesy of Paramount Group

The eccentric 1980s atrium at the Financial District office tower 60 Wall Street is getting a 21st-century makeover. As part of a major renovation, owner Paramount Group is ditching the indoor palm trees and man-made rock displays and creating a public space they feel is more attractive in a post-pandemic era. With designs from Kohn Pedersen Fox, the updated atrium of the 47-story tower will boast a new skylight and a 100-foot-tall, block-long interior green wall.

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affordable housing, Financial District, New Developments

WTC, world trade center, 5 world trade center

Photo by bilderkombinat berlin on Flickr

Plans to build a 900-foot mixed-use tower with 1,325 units of housing at 5 World Trade Center are moving forward. The boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted on Thursday to approve the recommendation of the selection committee for the proposal from Brookfield Properties, Silverstein Properties, Omni New York, and Dabar Development Partners. The site is the former location of the Deutsche Bank building which was damaged in the September 11 terrorist attacks and later demolished. The developer will now enter negotiations for a lease for the residential tower, expected to measure 1.56 million gross square feet.

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Cool Listings, Financial District, Historic Homes

All photos courtesy of Anthony Puopolo for Douglas Elliman

Here’s an opportunity to influence the future of one of New York City’s oldest streets. Goldman Properties is selling three of its mixed-use buildings located on Stone Street in the Financial District for $20.75 million. As the city’s first paved street in New York, Stone Street’s history dates back to the middle of the 1600s and today remains a car-free cobblestone-lined walkway with an outdoor dining scene that predates the pandemic. The portfolio includes three buildings with a total of ten free-market two-bedroom and three-bedroom loft rentals and three operating restaurants.

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Architecture, Financial District

All renderings by Hayri Atak Architectural Design

Turkish firm Hayri Atak Architectural Design has proposed something extremely unique for the downtown skyline. Called the Sarcostyle Tower, the shining structure is a large rectangle with sinuous, carved-out sides. Conceptually placed amidst the historic landmarks and mid-century office towers of lower Manhattan, the 689-foot building was inspired by human anatomy and cells. An actual sarcostyle is a muscle fiber, so it makes sense that the firm decided upon this name for theior biologically inspired project.

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Featured Story

Features, Financial District, History, holidays

The Miriam and Ira D. Wallach Division of Art, Prints and Photographs: Picture Collection, The New York Public Library. (1878). New-Year’S-Day In New Amsterdam. Courtesy of NYPL Digital Collections

Every year on December 31, the eyes of the world turn to Times Square. New Yorkers and revelers worldwide have been ringing in the New Year from 42nd Street since 1904 when Adolf Ochs christened the opening of the New York Times building on what was then Longacre Square with a New Year’s celebration complete with midnight fireworks. In 1907, Ochs began dropping a ball from the flagpole of the Times Tower, and a tradition for the ages was set in motion. But long before Ochs and his proclivity for pyrotechnics, New Yorkers had been ringing in the New Year with traditions both dignified and debauched. From the George Washington and the old Dutch custom of “Calling,” to the rancorous tooting of tin horns, one thing is clear, New York has always gone to town for the New Year.

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Cool Listings, Financial District

Photo courtesy of Douglas Elliman

A spacious full-floor loft with two outdoor terraces in the Financial District is asking $2.48 million. The two-bedroom, two-bath condo is located at 119 Fulton Street and has perfectly-framed Freedom Tower views. The apartment features a newly renovated kitchen with top-of-the-line appliances, custom built-ins, keyed elevator access, and outdoor spaces on either end of the unit.

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Architecture, condos, Design, Financial District

All residence images courtesy of Aston Martin

Five apartments for sale at Sir David Adjaye’s first New York City tower have been custom-designed by luxury carmaker Aston Martin. Located on the 59th and 60th floors of 130 William, a 66-story condo in the Financial District, the exclusive units come with a special edition Aston Martin DBX, an SUV designed in collaboration with Adjaye. The five condos include two penthouses, one priced at $11.5 million and the second at $10.5 million, and three loggia residences, priced at $3.985 million, $5.985 million, and $10 million.

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