After years of failed attempts by developers, GFI Capital Resources Group is accomplishing what some thought was impossible: They are converting 5 Beekman Street – along with its empty next-door neighbor 115 Nassau Street – into a hotel and condo.
The landmark building was one of New York’s original skyscrapers, once towering nine stories. Its distinctive architecture boasts the famous Temple Court, an interior atrium punctuated by a skylight in the shape of a pyramid. It is surrounding this very feature that 287 hotel rooms will be constructed.
5 Beekman Street was once referred to as Temple Court after the famous legal district in London. Image © Scouting NY
The hotel will also have two restaurants, four event spaces, and a lounge along with rentable rooftop terraces. It will retain some of its original charm in the form of gold, dragon-shaped brackets; metal grilles with leaf patterns; and peeling paint on the walls to create an industrial-fresco look.
Next door at 115 Nassau Street, there will be 68 condos above an additional 75 hotel rooms. The Beekman Residences, as it will be called, will feature apartments with 16-foot ceilings. The condos are expected to cost roughly $2,000 per square foot.
The $350 million project is expected to be finished in the summer of 2015.
[Via the New York Times]
Lead image © Rob Boudon
Neighborhoods : Financial District