REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown

Posted On Tue, January 5, 2016 By

Posted On Tue, January 5, 2016 By In Architecture, condos, Financial District, New Developments

** UPDATE as of 1/6/16: Pizzarotti CEO Rance MacFarland confirmed to Curbed that 45 Broad Street will be a 1,100-foot-tall, 86-story supertall tower. It will have 245 units that will cater to “entry- and mid-level buyers,” as well as five floors of commercial and retail space. 

Last October, it was announced that the long-vacant lot in the heart of the Financial District at 45 Broad Street would be redeveloped into a 65-story residential skyscraper by way of a partnership between Pizzarotti IBC and Madison Equities. Now, via Pizzarotti’s project page, we have our first look at the design of the 300,000-square-foot CetraRuddy-designed tower that the development group affirms “will be the highest condo in Downtown Manhattan.” The team will have to move quickly, though; at least two condo towers are proposed to be taller including Shvo’s supertall at 125 Greenwich Street.

Cetra Ruddy, 45 Broad Street, FInancial District CondosGoogle Earth rendering via CityRealty

The three preliminary renderings show a slender, presumably glass-clad tower rising roughly 900 feet into Lower Manhattan’s iconic skyline. Shouldering skyscraper classics such as 40 Wall Street (The Trump Building), 20 Exchange Place (Farmers Trust Building), and 15 Broad Street (Downtown by Starck), the tower will be crowned by a distinctive pitched roof and an angling cantilever located some 400 feet above street level along its northern facade. Residential supertowers that flare outward as they rise and/or cantilever over their neighbors have grown more common in the city as development sites have grown tighter and developers aim to maximize the amount of square footage placed in valuable, view-capturing upper stories. As a result, a substantial number of 45 Broad’s units will possess incomparable views of the harbor and skyline. Other notable examples of flaring skyscrapers include nearby 111 Murray Street and 45 East 22nd Street, both designed by Kohn Pedersen Fox (KPF).

45 Broad Street
The now-demolished office building that stood at the site of 45 Broad Street

CetraRuddy were the architects of One Madison, whose combined two-unit purchase by Rupert Murdoch holds the record for most expensive unit ever sold downtown. No records will probably be broken at 45 Broad; Pizzarotti’s website states that units “will be priced to sell to young singles and family buyers at very affordable prices in today’s market.” According to data from CityRealty, the median price per square foot of available Financial District condos stand at $1,754 per square foot.

Find listings for 45 Broad Street at CityRealty.

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