Financial District

Financial District, Major Developments, Starchitecture

One World Trade Center

On Friday, news broke that anchor tenant Condé Nast will begin its big move in to One World Trade Center on November 3rd. And now we’ve learned that the Port Authority of New York and New Jersey, along with the Durst Organization, is predicting that one quarter, roughly $53 million, of the tower’s annual revenue will be generated from tourism by 2019.

The three-floor observation deck of the tower, known as One World Observatory, is expected to be visited by about 3.5 million people per year. Legends Hospitality LLC, the developer of the observatory, has not yet revealed what it will cost to visit the site, but it’s expected to be on par with the Empire State Building, which received $101 million in 2013 from visits to its observatory (it costs $29 per person), 40% of its annual revenue.

Learn more about this prediction and the state-of-the-art observation deck here

Financial District, Major Developments, Starchitecture

One WTC, One World Trade Center, One WTC construction update, progress at One WTC

Remember those jitters you’d get leading up to college move-in day? We wonder if Condé Nast is feeling that way in anticipation of its big move into One World Trade Center, now set for November 3rd. The tower’s anchor tenant will not make a big to-do of its move, but the Port Authority of New York and New Jersey is planning a celebratory event later in the month following the fall elections. The exact date will be determined based on Governor Cuomo’s and Governor Christie’s availability.

The official open date of the city’s tallest building comes more than nine years after ground was first broken. Though Condé Nast will begin relocating its offices next month, it will not complete the move until January. Other tenants include Morgan Stanley, Legends Hospitality, and BMB Group.

[Via Metropolis]

Featured Story

Features, Financial District, History

cass gilbert sculpture, cass gilbert woolworth building, cass gilbert sculptures, woolworth building sculptures, faces of the woolworth building

The 101-year old Woolworth Building has been in the news quite a bit lately, especially since it was first announced that the top 30 floors would be turned into 34 apartments; one of which is a nine-story penthouse is expected to hit the market for a record $110 million. But the Woolworth has long been at the center of New York life with its storied past and lofty 792-foot height.

It cost $13.5 million to erect the tower in 1913, and the building was the world’s tallest when it first debuted. Though a number—50 to be exact—have surpassed it in height, the Woolworth Building has remained one of the world’s most admired for its detailed and compelling ornamentation. Like other prestigious companies of its time, Frank W. Woolworth wanted something unforgettable and the building’s architect, Cass Gilbert, certainly delivered. The tower is filled to the brim with mosaics, stained-glass, golden embellishments and of course tons of those carved faces and figures.

See the faces of the Woolworth building

Financial District, Major Developments, Starchitecture

Ground Zero Church, Santiago Calatrava, St. Nicholas Greek Orthodox Church

Ahead of the groundbreaking this weekend, a new video and renderings have been revealed for Santiago Calatrava‘s church near Ground Zero, which will overlook the 9/11 Memorial. The new St. Nicholas Greek Orthodox Church will be constructed of white Vermont marble, inspired by a mosaic of the Madonna and Child Enthroned at the Hagia Sophia in Istanbul.

More on the design here

Financial District, New Developments

Woolworth Tower Residences, Woolworth Building

Rendering of unit 31A terrace

First came the floorplans for the $110 million penthouse, then the first set of interior renderings, and now we have a new sneak peak inside the highly anticipated Woolworth Tower Residences.

The Post has profiled unit 31A, a four-bedroom, full-floor unit on the market for $26.4 million. And along with a written description–“a kitchen with all the modern conveniences, a massive formal dining room, hidden bars, a library and…two terraces to enjoy the view from 31 stories up”– come two new renderings, those of the terrace and the kitchen.

More details ahead

condos, Financial District, Hotels, Interiors, New Developments

REVEALED: Beekman Hotel and Condo Interiors

By Dana Schulz, Wed, September 24, 2014

Beekman Hotel and Condos, 5 Beekman Street

Last month, pricing and exterior renderings were released for the much-anticipated Beekman Hotel and Condo conversion project. The long-shuttered historic structure (originally known as the Temple Court Building) will be topped off with a 51-story condominium tower adjacent to the 1883-built landmark and its famous atrium. It will contain 68 residential units designed by Thomas Juul-Hansen. The building’s lower levels will house 287 hotel rooms.

Now, Curbed has received the first reveal of the interior renderings, and they do not disappoint. From the modern apartments with Woolworth Building views to the luxe amenity areas, the rooms at 5 Beekman Street exude luxury and prestige. One of the most impressive interior shots is of the atrium, which extends through all nine stories of the original Terra Cotta structure and is topped off by a large, pyramidal skylight. It will be a lounge by Tom Colicchio known as the Living Room, the centerpiece of the hotel and a fine dining spot for residents and guests alike.

Tour the rest of the conversion, from the atrium to the roof terrace

Architecture, Financial District, Starchitecture

world trade center, Performing Arts Center at the World Trade Center , frank gehry

Frank Gehry continues to fall out of favor with New Yorkers as execs of the Performing Arts Center at the World Trade Center have officially shelved the starchitect’s design planned for Ground Zero. Gehry drew up plans for the art center over a decade ago and very few moves were made to bring the project to fruition—in part due to stalled fund-raising and delays to the construction of the transit hub which sits under site. The snub, which actually wasn’t communicated to the architect directly, seems to not have affected him much, but he had some choice words directed towards the board’s president, Maggie Boepple.

More on the drama here

Financial District, Hotels, New Developments

17John Cotel, 17 John Street, crowdsourced hotel, Prodigy Network

Back in June, we took a look at the winning designs for Prodigy Network’s 17John ‘Cotel’ (collaborative + hotel = cotel), the city’s first crowdsourced hotel and the world’s first collaborative hotel. Now, the real estate crowdfunding startup has closed on the 15-story rental building at 17 John Street for $85.3 million, $25 million of which came from crowdfunded equity. Additional financing came from Deutsche Bank and another institutional investor. The property will be transformed into a 23-story, 191-unit extended-stay hotel, designed for the next generation of business traveler.

More on the first-of-its-kind project in NYC

Financial District, Major Developments, New Developments, Starchitecture

The latest in the world of New York City supertalls comes to us from New York YIMBY, who has revealed renderings for the Rafael Viñoly-designed 125 Greenwich Street. At 1,356 feet, it will become Downtown’s tallest residential tower, the first to rival the 57th Street skyscrapers like Extell’s planned Nordstrom Tower, which will rise 1,479 feet. It will also be just 12 feet shy of One World Trade Center’s roof, making it the second tallest skyscraper in the Financial District.

More details and renderings here

Financial District, History, People

What It Takes to Maintain the Fraunces Tavern Museum

By Alyssa Alimurung, Fri, August 29, 2014

fraunces tavern museum, financial district, fidi, historic buildings, landmarked buildings

Image credit: MAAP

The Fraunces Tavern Museum at 54 Pearl Street in FiDi has a long history of use, changing hands and purpose countless times since it was constructed back in the 18th century. What started as a simple rental home was later turned into a dance studio, eventually finding itself as a popular tavern-slash-boarding-home-slash-community center throughout and after the Revolutionary War. The building even had a stint as the first offices of the Departments of Foreign Affairs, War and Treasury. But it wasn’t until 1904 that The Sons of the Revolution in the State of New York, Inc. took over and decided to restore and preserve the historic building as a museum and restaurant. Our friends over at Find Everything Historic recently sat down with the Fraunces Tavern Museum’s executive director Jessica Baldwin Phillips to chat about what it’s like to maintain a storied building in a constantly changing city.

READ MORE HERE…

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