Financial District

Once listed for $110M, Woolworth Building penthouse sells for $30M

Photo credit: Chris Coe, Optimist Consulting

August 7, 2023

Once listed for $110M, Woolworth Building penthouse sells for $30M

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Six years and an $80 million price cut later, one of New York City's most iconic penthouse properties has found a buyer. The Woolworth Building's seven-story penthouse has sold for $30 million, not even a third of the original $110 million asking price. According to the Wall Street Journal, Scott Lynn, chief executive of Masterworks, an online art-investment service, is the buyer. After hitting the market for the jaw-dropping price in 2017, the penthouse, known as the Pinnacle, saw several price chops in recent years and was last publicly listed for $59 million, according to CityRealty.
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See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

Image courtesy of Joe Woolhead

August 1, 2023

See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

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The plan to convert the Financial District office tower at 55 Broad Street into apartments is finally moving forward, with a closed deal and the release of new renderings this week. Silverstein Properties and Metro Loft Management on Monday announced they bought the tower for $172.5 million with plans to turn the 30-story office tower into a residential building with 571 market-rate apartments; upon completion, it will be one of New York City's largest office-to-residential conversions ever. Construction is expected to start in August and take roughly two years.
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400 units of affordable housing approved for 5 World Trade Center

Renderings of 5 World Trade Center courtesy of Gov. Kathy Hochul’s Office

July 27, 2023

400 units of affordable housing approved for 5 World Trade Center

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The 900-foot-tall mixed-use skyscraper planned for 5 World Trade Center will include 400 units of affordable housing, a slight increase from the original proposal. After stalled negotiations, the Public Authorities Control Board on Thursday approved the mixed-use development at 130 Liberty Street, which calls for 1,200 new apartments, one-third of which will be permanently affordable to New Yorkers earning between 40 and 120 percent of the area median income. Plus, 20 percent of the affordable apartments will be offered to individuals who lived or worked in the neighborhood on September 11, including first responders and families of victims. Construction is scheduled to start next year, Gov. Kathy Hochul said.
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Historic NYC restaurant Delmonico’s reopening in the Financial District

Photo courtesy of Delmonico’s

July 20, 2023

Historic NYC restaurant Delmonico’s reopening in the Financial District

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A New York City culinary icon is reopening its doors this September. Delmonico's, considered one of the country's first fine dining establishments when it opened in 1837, will once again welcome diners at its original location at 56 Beaver Street in the Financial District. Shuttered since the early days of the pandemic in 2020, the restaurant has since been renovated and features an updated menu created by Chef Edward J. Hong.
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Asking $19.5M, a penthouse in Richard Rogers’ first U.S. residential project in FiDi

Images courtesy of Evan Joseph

July 3, 2023

Asking $19.5M, a penthouse in Richard Rogers’ first U.S. residential project in FiDi

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This newly finished penthouse is located within award-winning architectural firm Rogers Stirk Harbour + Partners' No. 33 Park Row, the firm's first and only residential project in New York City. The park-front landmark joins RSHP's roster of celebrated projects, such as One Hyde Park in London and the Centre Pompidou in Paris. Asking $19,500,000, the five-bedroom, five-and-a-half bathroom duplex Penthouse 3 offers residents dramatic 21-foot-tall ceilings, floor-to-ceiling windows, and a stunning loggia terrace with sweeping views of City Hall Park and Tribeca.
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World Trade Center’s new cube-shaped arts center reveals inaugural season ahead of opening

Images courtesy of Iwan Baan unless otherwise noted

June 15, 2023

World Trade Center’s new cube-shaped arts center reveals inaugural season ahead of opening

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A new arts center at the World Trade Center was included in the 2003 master plan for Lower Manhattan after September 11. Two decades later, the Perelman Performing Arts Center (PAC) is opening this fall. On Wednesday, the center announced the lineup for its augural season, including wide-ranging programs across theater, dance, music, film, and more. Located at 251 Fulton Street, PAC is a unique, cube-shaped building with a glowing marble facade and flexible performance spaces within. The center kicks off its season on September 19 with a five-night pay-what-you-wish event, "Refuge: A Concert Series to Welcome the World," which will include performances from musicians from around the world.
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A public art installation in Lower Manhattan reimagines Earth using plastic waste

Photos courtesy of Eugene Gologursky/Getty Images for B.N. Barkat Holdings and Studio

June 7, 2023

A public art installation in Lower Manhattan reimagines Earth using plastic waste

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A timely new public art installation in Lower Manhattan depicts the devastating impact of pollution on Earth. Created by Israeli artist Beverly Barkat, "Earth Poetica" uses a mixture of plastic materials collected from the world's oceans, waterways, and forests to create a globe that appears beautiful on the outside but is in fact just trash on the inside. Located in the lobby of 3 World Trade Center, the 13-foot-tall sculpture is made up of 180 colorful panels and highlights areas of the world suffering from increasing plastic pollution.
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Century 21 reopens in the Financial District

Photo courtesy of Century 21

May 17, 2023

Century 21 reopens in the Financial District

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New York City's favorite discount department store is back. Century 21 on Tuesday officially reopened its flagship at 22 Cortlandt Street in the Financial District three years after filing for bankruptcy and closing all of its locations. The renovated store has four floors with men's, women's, and children's apparel, including footwear, outerwear, handbags, accessories, and fragrances. To honor its connection to the city, the famed store has added "NYC" to its logo.
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Now complete, NYC’s largest office-to-condo conversion One Wall Street shows off latest home

Images courtesy of Colin Miller

April 3, 2023

Now complete, NYC’s largest office-to-condo conversion One Wall Street shows off latest home

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New York City's largest office-to-residential conversion is flaunting its latest luxury residence. Construction has officially wrapped up at the Art Deco landmark One Wall Street, formerly the headquarters for the Irving Trust Company and now a 566-unit residential tower. Following that milestone, new images were released last week of one of the building's most impressive apartments, Residence 3404. The home represents a unique collaboration between interior designer Guillaume Coutheillas of frenchCalifornia and One Wall Street developer Harry Macklowe, who hand-picked all of the art seen in the three-bedroom apartment.
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Tours of NYC’s old City Hall subway station return this spring

Photos © James and Karla Murray

February 14, 2023

Tours of NYC’s old City Hall subway station return this spring

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After a three-year pandemic hiatus, in-person tours of New York City's abandoned City Hall subway station are returning this spring. The station, which is where the first ever subway ride departed in 1904, has been decommissioned since the 1940s. The New York Transit Museum has exclusive access to the station and offers 90-minute tours that explore its ornate vaulted Guastavino tiled ceilings, chandeliers, and skylights. Tickets will go on sale this March and are only available to members of the museum.
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St. Nicholas Greek Orthodox Church finally reopens at the World Trade Center

All photos © Alan Karchmer for Santiago Calatrava unless otherwise noted

December 8, 2022

St. Nicholas Greek Orthodox Church finally reopens at the World Trade Center

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The only house of worship that was totally destroyed during the September 11 attacks finally reopened to the public this week. Designed by Santiago Calatrava, the new St. Nicholas Greek Orthodox Church and National Shrine, now located at 130 Liberty Street, resumed regular parish life with a prayer service on Monday. Inspired by Byzantine architecture, Calatrava designed a facade that appears to glow from within; the church will be illuminated every night as a beacon of hope at the site.
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Vote for your favorite large-scale can sculpture during 30th annual ‘Canstruction’ contest

All images courtesy of Ashok Sinha

November 4, 2022

Vote for your favorite large-scale can sculpture during 30th annual ‘Canstruction’ contest

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The annual competition that brings together architects, engineers, and contractors for a good cause is back for its 30th year. "Canstruction" asks teams to design and build intricate, large-scale sculptures made of unopened food cans, with all of the cans donated to City Harvest, the city’s largest food rescue organization, and distributed to food pantries following the contest. Held at Brookfield Place in the Financial District, the event is free and open to the public. The competition runs through November 14 from 10 a.m. to 8 p.m. daily. Vote for your favorite can sculpture here.
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Your guide to the Financial District, NYC’s oldest new downtown neighborhood

Photo © 6sqft

August 31, 2022

Your guide to the Financial District, NYC’s oldest new downtown neighborhood

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Located at the southernmost part of lower Manhattan–and at the center of the global financial universe–New York City's Financial District in many ways represents New York City to the world. Encompassing the area south of City Hall Park, with the corner of Wall and Broad Streets as its center, this bustling grid of streets is also a waterfront neighborhood, surrounded by New York Harbor and the East River. As a backdrop, the towering masts of South Street Seaport's tall ships recall the maritime history of the city's earliest days. The business of finance is still anchored here, but as with all New York City neighborhoods, change is around every corner, and the number of residents who call this downtown district home continues to grow.
What to do and see, and where to live in Fidi
See inside One Wall Street, the largest office-to-residential conversion in NYC

Photo credit: Evan Joseph for Macklowe Properties

August 17, 2022

See inside One Wall Street, the largest office-to-residential conversion in NYC

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A New York City Art Deco landmark is showing off its second act as a luxury residential tower. Once one of New York's tallest office buildings, One Wall Street now boasts a new superlative: the largest office-to-residential conversion in the city's history. Developed by Macklowe Properties, the 566-unit tower sits within the restored former Irving Trust Company Building, designed in 1931 by famed architect Ralph Walker. New images of the residences and innovative co-working space were released this week, providing a first peek inside one of the city's most unique new residential buildings.
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NYC’s 9/11 Tribute Museum is closing

Image of the 9/11 Tribute Museum via Wiki Commons

August 16, 2022

NYC’s 9/11 Tribute Museum is closing

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The museum which told the stories of September 11 survivors is officially closing its doors. The 9/11 Tribute Museum will close on August 17 due to financial hardships stemming from the Covid-19 pandemic, as NBC New York first reported. The museum will shift to a fully online format to continue telling victims' stories and support those affected by the attacks.
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For $2.5M, this huge FiDi co-op has ornate brass gates and lots of room for transformation

Image credit: Al Siedman of VHT for The Corcoran Group

August 12, 2022

For $2.5M, this huge FiDi co-op has ornate brass gates and lots of room for transformation

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This pre-war co-op at 26 Beaver Street in the Financial District is a loft-like corner unit with plenty of interesting architectural details, not least of which is a stunning set of broad brass gates that stand at the apartment's entrance. Asking $2,450,000, the sprawling 2,400-square-foot home is currently configured with two large bedrooms, but there's more than enough living space to create a three- or four-bedroom home.
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Iconic New York Harbor sailing experience returns to the Seaport after 9 years

Photo Credit: Mike Szpot courtesy of The Howard Hughes Corporation

August 5, 2022

Iconic New York Harbor sailing experience returns to the Seaport after 9 years

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After a nine-year hiatus, the Howard Hughes Corporation on Friday announced the return of Manhattan by Sail to Pier 17. Clipper City Tall Ship, its newly-renovated sailboat that will offer daily specialty sails and private charters, will launch this month. Departing from the east side of Pier 17 at 89 South Street, Clipper City will operate seven days a week, taking four trips a day with an additional late-night departure at 10 p.m.
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Portside is Lower Manhattan’s latest waterfront retreat

Renderings courtesy of Brookfield Place

July 5, 2022

Portside is Lower Manhattan’s latest waterfront retreat

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Brookfield Properties last week announced the grand opening of their new nautical-inspired pop-up, Portside. Located at Brookfield Place's Upper Plaza in the Financial District, the space is free, open to the public, and offers guests breathtaking views of the New York Harbor. The space will also host weekly programming and events, as well as offer cocktails and food provided by Tartinery. Portside will be open daily from 9 a.m. to 9 p.m. through September.
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Empty Financial District offices at 55 Broad will be converted to 571 apartments

Streetview of 55 Broad. © Google 2022

June 24, 2022

Empty Financial District offices at 55 Broad will be converted to 571 apartments

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As many of New York City's workers remain remote and office vacancy shows no signs of reversing, many have suggested the city's empty offices be used for living. In one of the largest office-to-residential conversions to be launched during the pandemic, two local developers have purchased the one-third vacant 55 Broad Street with the intention of creating 571 market-rate apartments, the Wall Street Journal reports.
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Century 21 to reopen flagship store in the Financial District

Photo by ajay_suresh on Wikimedia

May 19, 2022

Century 21 to reopen flagship store in the Financial District

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A favorite shopping destination of New Yorkers is coming back home. After undergoing a major renovation, and filing for bankruptcy in 2020, the famed department store Century 21 will return to its flagship location at 22 Cortlandt Street in the Financial District next spring. The new store will encompass four main floors, offering men's, women's, and children's apparel, including footwear, outerwear, handbags, accessories, and fragrances, according to a press release. And to emphasize its connection to the city, Century 21 is adding "NYC" to its logo.
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Chef Daniel Boulud to open casual French restaurant Le Gratin at The Beekman

Courtesy of The Beekman Hotel

April 21, 2022

Chef Daniel Boulud to open casual French restaurant Le Gratin at The Beekman

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Michelin-starred Chef Daniel Boulud is opening a new restaurant in one of New York City's most iconic spaces. Located on the ground floor of the Beekman Hotel in the Financial District, Le Gratin will offer a casual dining experience inspired by the bistros of Boulud's hometown, Lyon, France. The menu will feature classic French and Lyonnais specialties and an extensive wine list with over 100 selections. Guillaume Ginther, former chef of New York's Le Coq Rico Bistro and Boulud's Restaurant Daniel, will take up executive chef duties. Boulud's new restaurant is set to open its doors on May 6; reservations will open on Resy on Thursday.
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Public Design Commission temporarily extends ‘Fearless Girl’ statue’s stay on Broad Street

Photo by Ahmer Kalam on Unsplash

April 12, 2022

Public Design Commission temporarily extends ‘Fearless Girl’ statue’s stay on Broad Street

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The New York City Public Design Commission (PDC) voted Monday to extend the iconic "Fearless Girl" sculpture's permit to remain at her current spot across from the New York Stock Exchange, but with the caveat that plans for a permanent location must be presented in six months, the New York Times reports. The city's vote extends the permit for 11 months, but asset management firm State Street Global Advisors, the statue's owner, and Kristen Visbal, the artist who created the statue, must meet with the city again in six months to determine where its permanent home will be.
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NYC’s Smorgasburg, Queens Night Market announce 2022 opening dates

2018 Smorgasburg; Photo by Scott Lynch

March 23, 2022

NYC’s Smorgasburg, Queens Night Market announce 2022 opening dates

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Two foodie favorites are returning to New York City and New Jersey next month. Open-air food markets Smorgasburg and the Queens Night Market have announced opening dates for the 2022 season. Now in its 12th season, Smorgasburg's opening weekend kicks off April 1 near the World Trade Center, with a new Jersey City location operating on Saturdays and the old standby Prospect Park spot on Sundays. The flagship riverside location in Williamsburg will be opening in June due to renovations at Marsha P. Johnson State Park. And Queens Night Market is back at Flushing Meadows Corona Park on Saturdays starting April 16 as part of a special sneak peek, with free admission starting on May 7.
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An art lover’s guide to NYC: The best public art installations and museums in FiDi
February 1, 2022

An art lover’s guide to NYC: The best public art installations and museums in FiDi

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While the Financial District, located at the southern tip of Manhattan, maybe most closely synonymous with Wall Street and towering office buildings, it is also home to world-class museums, public art installations and performances, and unexpected treasures that make it a worthy destination for art lovers. Better yet, during a time of increasing unknowns and fluctuating Covid statistics, many of FiDi's cultural elements can be safely experienced outside or at a distance. From large-scale sculptures to a landlocked lighthouse, here is the ultimate art lover’s guide to FiDi.
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Famed NYC bar Dante opens winter-themed pop-up at the Seaport

Image courtesy of Dante

January 6, 2022

Famed NYC bar Dante opens winter-themed pop-up at the Seaport

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North America’s number one bar returns to the Seaport to serve award-winning food and drink in its seasonal pop-up at Pier 17’s Pearl Alley. Guests can enjoy their food and drink alongside live music in a warm, winter-themed setting. The Greenwich Village staple will offer guests signature cocktails and negronis, as well as espresso, coffee, and pastries.
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See NYC’s sweeping master plan that promises climate resilience for Lower Manhattan

Image credit: NYCEDC

January 4, 2022

See NYC’s sweeping master plan that promises climate resilience for Lower Manhattan

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New York City has taken an important step toward protecting one of the country’s largest central business districts from the costly and destructive effects of climate change. The city's Economic Development Corporation and the Mayor's Office of Climate Resiliency recently released the Financial District and Seaport Climate Resilience Master Plan. At a projected cost of up to $7 billion, this environmental blueprint for the Lower Manhattan shoreline imagines a resilient waterfront that can withstand severe storms and rising sea levels.
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