Financial District

May 30, 2017

Artist installs ‘Pissing Pug’ next to controversial ‘Fearless Girl’ statue in Wall Street standoff

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Image: Gabriella Bass via @dawn_images via Instagram You can almost guarantee that if you put something out in public in NYC, it's going to attract more than just attention. As 6sqft previously reported, Kristen Visbal's “Fearless Girl” statue, installed by asset manager State Street Global Advisors and advertising firm McCann back in March to challenge sculptor Arturo Di Modica’s “Charging Bull” with her defiant gaze attracted controversy and selfies, seen as both an empowering statement and corporate drivel. According to the Post, NYC-based artist Alex Gardega’s Memorial Day weekend installation of "Pissing Pug"–a crudely rendered statue of a dog lifting its leg on the steadfast “Girl”–was his reaction to “corporate nonsense,” and that the fearless female “has nothing to do with feminism, and it is disrespect to the artist that made the bull."
New Yorkers are a tough crowd
REVEALED: Early studies of David Adjaye’s Wall Street Tower, his first skyscraper in NYC
May 23, 2017

REVEALED: Early studies of David Adjaye’s Wall Street Tower, his first skyscraper in NYC

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Three years after completing his first New York City building, an affordable housing complex in Harlem called the Sugar Hill Development, starchitect David Adjaye is back. This time, he'll be working with David Lichtenstein's Lightstone Group to design a 61-story, 750-foot-tall condominium in the Financial District at 130 William Street known as the Wall Street Tower. Early conceptual studies uncovered by CityRealty show a gold-trimmed prism set against rigid rows of arched windows, as well as a glimpse at what the 244 apartments and amenity spaces will look like.
See the impressive renderings
The history of New York’s Newspaper Row, the epicenter of 19th century news

Image via Library of Congress

May 10, 2017

The history of New York’s Newspaper Row, the epicenter of 19th century news

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While the news industry today continues to shift from bustling offices to laptops in coffee shops, it may be hard to imagine that the publishing industry was at the epicenter of some of the world's most important architectural feats. But this was the case in late 19th century New York City, when the daily newspaper industry was centered at Park Row, near City Hall. Such institutions included The New York Times, The New York Tribune and The New York World. 
Take a trip back in time with us and explore Newspaper Row
Demo permits filed for South Street Seaport site of proposed 1,436-foot supertall

Diagram of 80 South Street proposal, via Oceanwide Holdings

May 10, 2017

Demo permits filed for South Street Seaport site of proposed 1,436-foot supertall

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After a long-planned but never executed plan to develop buildings at 80 South Street and 163 Front Street in the South Street Seaport, the site’s owner has officially filed demolition permits at both buildings, Curbed learned. As 6sqft previously covered, the Howard Hughes Corporation sold 80 South Street to China Oceanwide Holdings for $390 million last March. Although the developer hasn't released construction plans yet, the building is expected to be 113 stories tall, reaching an impressive 1,436 feet (to give you an idea of just how tall this is, 432 Park is 1,396 feet tall, and One World Trade Center is 1,368 feet tall by roof height).
More details ahead
$5.8M Financial District duplex off a cobblestone street comes with a lofty, open layout
April 20, 2017

$5.8M Financial District duplex off a cobblestone street comes with a lofty, open layout

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This FiDi duplex was designed to impress. Location within a historic brick townhouse at 150 Beekman Street, the interior of the apartment has been completely modernized. You might say the apartment offers the best of both worlds: cobblestone streets and a historic facade, as well as a modern, open layout with luxury finishes throughout the interior. For five bedrooms, four bathrooms and 3,232 square feet, it is now asking $5.795 million.
Take a deeper look
World Trade Center Performing Arts Center may be delayed again
March 27, 2017

World Trade Center Performing Arts Center may be delayed again

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It's been almost 13 years since Frank Gehry initially designed the Performing Arts Center at the World Trade Center (PACWTC). After his plans got shelved in late 2014 due to fundraising issues and construction delays on the transit hub below, it seemed like the last vacant site at the complex would forever remain that way. That is until this past fall when a $75 million gift from billionaire businessman and philanthropist Ronald O. Perelman brought the $243 million project back to life and made it possible to proceed with new designs. Despite this new optimism, it looks like the Center will be delayed yet again, as Crain's reports that unresolved issues between the Lower Manhattan Development Corp. and the Port Authority are setting things behind schedule, which could cost the project $100 million in federal funds.
Get the full scoop
March 21, 2017

Artist who created Wall Street’s ‘Charging Bull’ angered by ‘Fearless Girl’ statue

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A post shared by Melanie Hunt (@melaniehunt1331) on Mar 7, 2017 at 4:50am PST The creator of the iconic Wall Street "Charging Bull” is snorting mad over the appearance of the bull's new companion, artist Kristen Visbal’s bronze "Fearless Girl” statue. 76-year-old Arturo di Modica, the artist who made the iconic sculpture that, like its young challenger, was installed in the wee hours, says the girl is “an advertising trick,” reports MarketWatch.
Find out more
March 8, 2017

Kristen Visbal’s ‘Fearless Girl’ statue defies Wall Street’s bull to promote women in business

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A post shared by Melanie Hunt (@melaniehunt1331) on Mar 7, 2017 at 4:50am PST Early Tuesday morning a bronze statue of a young girl in high tops, face defiant, hands firmly on her hips, was placed in front of the iconic charging bull statue in lower Manhattan’s Bowling Green park. The statue, created by artist Kristen Visbal, was installed by international asset management company State Street Global Advisors (SSGA) to bring attention to the need for more women on corporate boards–and for more female business leaders in general.
What's behind the girl
Interactive 3D map of Lower Manhattan updates new developments daily
February 27, 2017

Interactive 3D map of Lower Manhattan updates new developments daily

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Lower Manhattan is the nation's third-largest business district and in recent years its residential building stock--both conversions of historic structures and new developments--has exploded. To track this booming urban landscape, the Alliance for Downtown New York launched an interactive 3D map to serve as a "comprehensive visualization" of the area, tracking all current and future developments within the square mile below Chambers Street. In addition to residential, office, and hotel properties, LM3D also breaks down restaurants, retailers, transit, parks and open space, landmarks, and vacant land.
Learn more about the map
The history of Little Syria and an immigrant community’s lasting legacy
February 1, 2017

The history of Little Syria and an immigrant community’s lasting legacy

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In the light of Donald Trump's ban on Syrian refugees, 6sqft decided to take a look back at Little Syria. From the late 1880s to the 1940s, the area directly south of the World Trade Center centered along Washington Street held the nation's first and largest Arabic settlement. The bustling community was full of Turkish coffee houses, pastry shops, smoking parlors, dry goods merchants, and silk stores, but the Immigration Act of 1924 (which put limits on the number of immigrants allowed to enter the U.S. from a given country and altogether banned Asians and Arabs) followed by the start of construction on the Brooklyn-Battery Tunnel in 1940, caused this rich enclave to disappear. And though few vestiges remain today, there's currently an exhibit on Little Syria at the Metropolitan College of New York, and the Department of Parks and Recreation is building a new park to commemorate the literary figures associated with the historic immigrant community.
The full history and details on the new developments
NYC documents dating back to 1674 will get a new home after gathering dust for centuries
January 5, 2017

NYC documents dating back to 1674 will get a new home after gathering dust for centuries

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While paper might be becoming a thing of the past, it's often the one thing that remains of our recorded history. And while it was often our sole means of recording that history, paper is among the most difficult media to preserve. To that end, New York City's painstakingly stacked, filed and boxed New York Supreme Court records, part of an immense collection of official documents dating back as far as 1674, are being moved from the archival homes they’ve occupied for, in some cases, centuries. The New York Times reports on a heroic effort by dedicated archivists to round up the these city records in order to preserve them for posterity and make them more accessible to researchers.
From early immigration papers to Aaron Burr's divorce
New renderings and details for Rafael Viñoly’s 125 Greenwich Street
January 3, 2017

New renderings and details for Rafael Viñoly’s 125 Greenwich Street

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Construction at Rafael Viñoly’s slender skyscraper 125 Greenwich Street has reached street level, but as CityRealty uncovered, the tower that was slated to be taller than 1,000 feet over the summer (and previously 1,400 feet), is back down to 898 feet. Though this now makes it shorter than Fumihiko Maki’s 977-foot 4 World Trade Center one block north, fresh renderings show that the 88-story condo will still offer sweeping views of the city and harbor, which are shown for the first time from interior shots.
More views and details ahead
A horrifying blaze swept through Lower Manhattan 181 years ago today
December 16, 2016

A horrifying blaze swept through Lower Manhattan 181 years ago today

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It's hard to envision blocks and blocks of Lower Manhattan being destroyed by a raging fire, but that's exactly what happened there 181 years ago to the day, December 16th, 1835. That year marks one of New York's most traumatic fires in history, known as the Great Fire of 1835. It came at a time the city was developing rapidly, with the arrival of new businesses, railroad terminals, and people. But there were also major concerns that came with the city's boom: there was a lack of a reliable water source for the city, and there were not enough fire departments to keep everyone safe. And so the forces collided into a traumatic fire that would change the course of New York's development significantly.
Keep reading for more
St. Nicholas National Shrine at the World Trade Center tops out with cross

Images st_nicholasshrine Instagram / WTC Progress Facebook

November 29, 2016

St. Nicholas National Shrine at the World Trade Center tops out with cross

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It's been a long and arduous process rebuilding the St. Nicholas National Shrine, a Greek Orthodox Church that was destroyed on 9/11 when the second trade tower toppled on it. Only last year was the foundation poured, and only two weeks ago were the steel ribs of the structure's defining dome installed. But despite construction moving forward at a glacial pace, officials yesterday celebrated a major milestone with a “topping out ceremony” at the church's new site at Greenwich and Liberty streets. The touchstone event was notably marked by the addition of a temporary 6-foot-3-inch Justinian cross, reports the Times.
see more photos here
New renderings for COOKFOX’s 700-foot Financial District condo tower 25 Park Row
November 28, 2016

New renderings for COOKFOX’s 700-foot Financial District condo tower 25 Park Row

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Over the summer, L+M Development Partners demolished the former Financial District flagship of J&R Music and Computer World to make way for a 54-story, mixed-use condo tower at 25 Park Row, just across from City Hall Park in an area quickly becoming a more vibrant, 24-hour neighborhood. Site excavation is now well underway for the 700-foot building, reports CityRealty, […]

FiDi Birkinstock penthouse on the rental market for $20K, international antiquities included
November 1, 2016

FiDi Birkinstock penthouse on the rental market for $20K, international antiquities included

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This 3,500-square-foot penthouse atop the Setai Wall Street at 40 Broad Street in the Financial District is a stunning home by NYC standards, but the condominium also includes a world tour's worth of collected fixtures. The two-bedroom penthouse belongs to Alex Birkenstock–scion of the trendy-crunchy European sandal family–who bought the posh pad in 2011 for just under $6 million. An attempt was made in 2104 to sell the apartment for $13 million as 6sqft previously reported. But even after being eventually chopped to $9 million, the pad still doesn't appear to have changed hands. Now it's for rent for $19,995 a month, amazing spin-the-compass collections and all. For starters, there's a 1,000-pound steel and brass safe bought from the Bank of France...
Take the tour
Trinity Church reveals plans for $300M Pelli Clarke Pelli-designed tower to rise behind historic church
October 24, 2016

Trinity Church reveals plans for $300M Pelli Clarke Pelli-designed tower to rise behind historic church

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Trinity Church Wall Street was built in 1846 by Richard Upjohn and is considered one of the first and best examples of Neo-Gothic architecture in the entire country. But behind its historic steeple, which made it the city's tallest building until 1890, will soon rise a modern, 26-story, mixed-use tower. The Wall Street Journal reports that Trinity has revealed its design for a Pelli Clarke Pelli-designed building, which will be linked to the church by a foot bridge over Trinity Place. The new 310,000-square-foot structure will house the Trinity Church Parish Center at its base, along with a cafe, gymnasium, flexible space for classrooms or art/music studios, and church offices. Above the Center, on floors 10 through 26, will be commercial office space
More details ahead
Renderings revealed for Gensler’s communal sky lobby at One World Trade Center
October 21, 2016

Renderings revealed for Gensler’s communal sky lobby at One World Trade Center

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Tenants at One World Trade Center who occupy floors above 65 are required to change elevators at the 64th floor. When the building opened its doors two summers ago, the Durst Organization noticed that these elevator banks became a natural mingling area, and so decided to forego plans to make the space into offices and instead keep it open as an open sky lobby. Commercial Observer got a first look at renderings of the commons designed by Gensler, whose principal and design director Tom Vecchione referred to it as "a shared piazza for the entire building." In addition to a cafe, it will offer a game room and a 180-person meeting room that can be split into two or host fitness and yoga classes.
More renderings and details ahead
Young singles make up 60 percent of lower Manhattan, but they’re spending their cash elsewhere
October 11, 2016

Young singles make up 60 percent of lower Manhattan, but they’re spending their cash elsewhere

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A report released Monday by the Downtown Alliance shows that the area south of Chambers Street in lower Manhattan is chock full of young New Yorkers with plenty of disposable income; the development advocacy group hopes the news will result in the creation of more options for them to spend it. Crains reports on the survey, which found that 60 percent of apartments in a growing residential sector that includes the Financial District, Battery Park City and the South Street Seaport are home to single tenants and roommates with no children, one of the highest concentrations of young singles–defined as 18- to 44-year-olds, in the city. This spendy demo hits the town every other night on average, blowing about $1,000 a month, adding up to $356 million a year. But according to the report, half of that is spent in other neighborhoods due to a lack of "appealing options" in the area.
Tap a keg, stat
New renderings revealed for Richard Rogers’ glassy ‘Pearl on the Park’ at One Beekman
October 10, 2016

New renderings revealed for Richard Rogers’ glassy ‘Pearl on the Park’ at One Beekman

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CityRealty.com offers new renderings via Urban Muse that reveal architect Richard Rogers' 25-story mixed-use Financial District residential development, One Beekman at 1 Beekman Street. The 95,000-square-foot building, known as “Pearl on the Park,” the first New York City residential building for Rogers Stirk Harbour + Partners, will have a glassy facade and utilize a glazing system at its base that lends a greater transparency to the building's lobby and street-level retail establishments. Included will be three commercial units of about 4,500 square feet each and one retail unit of approximately 3,200 square feet.
See the renderings
Flood regulations may thwart plan to convert Lower Manhattan public spaces to retail
October 3, 2016

Flood regulations may thwart plan to convert Lower Manhattan public spaces to retail

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When plans surfaced last March for a rezoning of the Financial District that would allow property owners to bring in retail tenants to the underutilized public plazas and walkways at the base of their buildings, it was met with mixed reviews. While some felt it would increase foot traffic and create a more vibrant street presence, others thoughts it would result in a loss of public space, but a gain for developers. These concerns may be a moot point, however, as Crain's brings news today that the plan could be "upended by federal flood regulations being applied to more areas of the city since Superstorm Sandy."
What's the deal?
Skyline blights: New York’s ugliest building finally gets its glassy update
September 16, 2016

Skyline blights: New York’s ugliest building finally gets its glassy update

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The former Verizon Building at 375 Pearl Street has long been considered one of New York City's ugliest buildings. The oppressive structure was erected in 1975 and climbs 540 feet into the sky. While the height is almost negligible compared to some of the supertalls rising today, the tower's prime skyline positioning amongst some of the world's most celebrated architectural creations has done nothing to help shroud its banal facade. In fact, when the telephone switching center opened its doors for the first time more than 40 years ago, New York Times architecture critic Paul Goldberger described it as the Verizon's "most disturbing" addition to the city (though in defense of the architects Rose, Beaton & Rose, it was built to withstand severe weather and attacks and protect the critical telecommunications infrastructure within). But all of that is changing now, as the building's fortress-like facade is in the midst of receiving a long due makeover.
More photos of the progress that's been made here
One World Trade Center not for sale after all (at least not yet)
September 16, 2016

One World Trade Center not for sale after all (at least not yet)

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Last week, 6sqft reported that the Port Authority would sell One World Trade Center for up to $5 billion due in part to vacancy issues and the fact that the tower only brought in $13 million in revenue last year, a mere 0.35 percent return on the agency's investment. But Authority chairman John Degnan said yesterday to Politico that "It’s certainly not on the block. We’re not talking to any brokers about it." This doesn't however, mean that the agency has changed its stance that it will one day "divest and monetize in non-transportation-related holdings."
Find out more
Interview: Time Equities’ Francis Greenburger, a Renaissance man in NYC
September 14, 2016

Interview: Time Equities’ Francis Greenburger, a Renaissance man in NYC

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Francis Greenburger is the definition of a Renaissance man. Beyond running the full-service real estate firm Time Equities, Inc., he also helms the Greenburger Center for Social and Criminal Justice, he serves as Chairman of the literary agency Sanford J. Greenburger Associates, Inc., and he is also deeply involved with the OMI International Arts Center—and this is on top of the numerous non-profits […]

REVEALED: World Trade Center Performing Arts Center will be a translucent marble cube
September 8, 2016

REVEALED: World Trade Center Performing Arts Center will be a translucent marble cube

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After stalling for years, the $243 million World Trade Center Performing Arts Center started to make headway in recent months, first with a decision to go with REX as the designers and then with a $75 million gift from Billionaire businessman and philanthropist Ronald O. Perelman (who is gaining naming rights). And finally, the official renderings have been revealed, and they showcase a nearly 90,000-square-foot, translucent veined marble cube that both stands out as an impressive piece of cultural architecture and co-exists with the other structures on the WTC complex such as the 9/11 Museum and transportation hub. According to a press release from developer Silverstein Properties, "The Perelman Center is inspired by the Center’s mission to defy experiential expectations. Its design cues were taken from [an] aim to foster artistic risk, incubate original productions, provide unparalleled flexibility, and deliver the most technologically advanced and digitally connected spaces for creative performance."
See all the renderings
Port Authority plans to sell One World Trade Center for up to $5B
September 6, 2016

Port Authority plans to sell One World Trade Center for up to $5B

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It's been almost two years since Condé Nast's 3,400 employees moved into One World Trade Center. At the time, only 58 percent of its 3 million square feet of space was leased, but the hope was that the media company's presence and perceived confidence in the $3.8 billion tower would attract more tenants. This didn't quite pan out, as it's still one third empty, and the Port Authority continues to drop $3 million a month to cover Condé Nast's old lease (this amounted to $47.6 million in 2015 alone). Due to these issues, along with the fact that the tower only brought in $13 million in revenue last year-- a mere 0.35 percent return on its investment--the cash-strapped Port Authority has made plans to sell One World Trade Center for as much as $5 billion. As Crain's notes, this would be the highest price ever paid for an office building in the country.
More details ahead
$2.3M Financial District pad has been completely remodeled into an open-concept loft
August 29, 2016

$2.3M Financial District pad has been completely remodeled into an open-concept loft

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This three-bedroom, two-bathroom apartment at the Financial District condo 54 Pine Street has been totally remodeled into an open-concept loft. The owners moved the kitchen (and then outfitted it with new appliances) to create the third bedroom/office space. The open kitchen now looks out onto a long, open living and dining room that's anchored by exposed brick and arched ceilings. The entire apartment, in fact, boasts lots of lofty details, and it's now on the market for $2.285 million.
Take a look around
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