Financial District

In an effort to enhance the accessibility and the appearance of the New York Stock Exchange district, a new proposal is calling for curbless streets, enhanced lighting, multi-functional seating and simplified security structures. The Alliance for Downtown New York released on Monday a study that details ways to improve the historic area to make it more appealing and easier to navigate. While the corner of Wall and Broad Street has witnessed more than 400 years of Lower Manhattan history, starting when Dutch settlers built a wall as the city's northern border, the area is not living up to its potential as one of New York City's crown jewels, according to Jessica Lappin, the president of the Alliance. The study is the result of a nine-month process, with the Alliance working in tandem with local stakeholders, community members and design partners, WXY Architecture + Urban Design. "This report lays out a roadmap," Lappin said in a press release. "It is a grand yet achievable vision that could turn the Stock Exchange District into the jewel it should be." The group estimates the overhaul project will cost roughly $30 million.
See the proposal

May 10, 2018

Fresh renderings for One Beekman, Richard Rogers’ first residential building in the U.S.

Rendering of One Beekman courtesy of Noë & Associates with The Boundary New renderings have been unveiled for One Beekman, a mixed-use development designed by Richard Rogers, and it has nearly reached its 25-story pinnacle in the Financial District. As the firm's first residential project in the United States, Rogers Stirk Harbour + Partners have designed a tower that provides every single apartment with views of City Hall Park by shifting the circulation core to the south, according to the New York Times. The front of the building is open with oversized windows, allowing for half of the 31 total condo units to have outdoor terraces overlooking the park.
See them here

Wall Street’s historic Trinity Church will partially close during a two-year, $99M renovation

Rendering of the canopy at the graveyard via Trinity Wall Street

May 7, 2018

Wall Street’s historic Trinity Church will partially close during a two-year, $99M renovation

The Trinity Church, whose history in New York City dates back 300 years, will partially close beginning Monday for a two-year, $98.6 million renovation of its nave, the main part of the church. As its first major revitalization in over 70 years, the landmarked church's project will restore parts of the original 1846 Gothic Revival style designed by Richard Upjohn. This includes rebuilding the chancel to its original size, increasing capacity by 140 seats and painting the interior walls and ceilings to reflect the original stone design. The reconstruction will move services and events at the Episcopal parish to nearby St. Paul's Chapel, but the Chapel of All Saints and the churchyard, where Alexander Hamilton is buried, will remain open throughout the project.
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Architecture And Design

May 1, 2018

John Varvatos’ design director lists fashionable Financial District condo for $725K

This elegantly designed studio in the Greenwich Club at 88 Greenwich Street belongs to Martin Dimen, who is the design director for the iconic contemporary men’s brand John Varvatos–and the home's interiors reflect the brand's aesthetic of masculine opulence. The Financial District condo is asking $725,000.
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Distinctive Homes

Construction is underway at the World Trade Center performing arts center

Rendering by REX

April 30, 2018

Construction is underway at the World Trade Center performing arts center

Construction of the Ronald O. Perelman Performing Arts Center is officially moving forward, with the first pieces of the center's structural steel now visible above street level, according to CityRealty. The idea for an arts center at the World Trade Center was included in the original vision for rebuilding the area after Sept. 11, a plan proposed nearly 15 years ago. Designed by REX, the flexible "Mystery Box" will be wrapped in translucent marble, the same material used on the Thomas Jefferson Memorial, and laminated with insulated glass. Named for Ronald O. Perelman who gifted $75 million to the project, the center will include 200,000 square feet of space, three halls and a rehearsal space, a restaurant and a gift shop.
More details here

Condé Nast will sublease nearly one-third of its One World Trade Center headquarters

Image courtesy of Michael Vadon’s Flickr

April 25, 2018

Condé Nast will sublease nearly one-third of its One World Trade Center headquarters

It was recently revealed that One World Trade Center still has a 25 percent vacancy rate four years after opening its door, and that number is about to grow. The first tenant to move into the building in 2014, Condé Nast is now looking to sublease a third of its one-million-square-foot office space. As part of its consolidation plan, the media company on Monday said it's looking to sublease seven of the 23 floors it currently rents as a way to cut costs, according to the New York Post. It's estimated Condé Nast paid roughly $50 per square foot when it moved in nearly four years ago--space at One WTC is now worth $75 per square foot.
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Uncategorized

April 23, 2018

Cortlandt Street subway station, destroyed on 9/11, will reopen this fall

Also damaged in 9/11, the R-line at Cortlandt reopened in 2011; photo via Wikimedia Nearly 17 years after it was severely damaged in the terror attacks on September 11, 2001, and then temporarily shuttered, the Cortlandt Street station is set to open this October. Running on the 1-line, the new station, expected to serve thousands of workers and tourists visiting the site, will boast Ann Hamilton's artwork, featuring words from the United Nation's Universal Declaration of Human Rights and the Declaration of Independence (h/t Daily News). Cortlandt Street station was meant to open in 2014, but funding disputes between the Port Authority and the MTA delayed its completion until this year.
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Transit

City to move ‘Fearless Girl’ to new home across from New York Stock Exchange

Fearless Girl and Charging Bull statues on Wall Street; via Anthony Quintano’s Flickr

April 20, 2018

City to move ‘Fearless Girl’ to new home across from New York Stock Exchange

Mayor Bill De Blasio announced today that the “Fearless Girl” statue currently staring down the iconic Wall Street "Charging Bull" will be getting a permanent home in front of the New York Stock Exchange in the Financial District. Since the diminutive statue's temporary installation more than a year ago a day before International Women’s Day, sending a message to Wall Street for the need of gender equality in the financial world, the statue has become a major attraction, drawing millions of tourists and locals.
What about the bull?

Events & Things To Do

Photo via Silverstein Properties

April 19, 2018

New looks for 3 World Trade Center ahead of June opening

Less than two weeks ago, developer Silverstein Properties released a pair of renderings of 3 World Trade Center's huge outdoor terrace, not only the first outdoor terrace in the WTC complex but the first and tallest private outdoor terrace in all of Lower Manhattan. Today, a fresh batch of views, these of the 1,079-foot-tall, 80-story building's exterior and interior, also come with a new list of superlatives. Designed by Rogers Stirk Harbour + Partners, 3 WTC will be the fifth tallest building in NYC, the only building in the world with a three-sided cable net wall, and the first building in the world with an annealed glass exterior.
See all the renderings

150 years ago, Delmonico’s became the first restaurant to serve women unaccompanied by men

Photo of Delmonico’s in 1903; photo via Wikimedia

April 18, 2018

150 years ago, Delmonico’s became the first restaurant to serve women unaccompanied by men

Photo of Delmonico's in 1903; photo via Wikimedia Nearly five decades before women were granted the right to vote in New York State, a group of fed-up ladies decided to protest a symbolic law that prohibited them from dining in restaurants without men present. After journalist Jane Cunningham Croly was barred from entering a dinner held at the New York Press Club, she and a group of women founded Sorosis, the first professional women's club in the United States. On April 20, 1868, Croly and her crew held a luncheon at the historic Delmonico's Restaurant in the Financial District, which became the first to serve women independently of men. Following the groundbreaking meal, clubs for only women formed all over the country.
The full history ahead

April 13, 2018

Where I Work: Architecture firm Woods Bagot shows off their ‘raw’ FiDi studio

6sqft’s series “Where I Work” takes us into the studios, offices, and off-beat workspaces of New Yorkers across the city. In this installment, we’re touring the Financial District offices of architecture firm Woods Bagot, located on the seventh floor of the Continental Bank Building at 30 Broad Street. Want to see your business featured here? Get in touch! Internationally acclaimed architecture firm Woods Bagot opened their first office in 1869 in Adelaide, Australia. 150 years, 15 offices, and 850 staff members later, they've designed projects from a master plan for Perth to a mixed-use tech center in Singapore to a rental tower right here in Brooklyn. After opening their first NYC office a decade ago in Midtown, the rapidly expanding firm decided it was time to design a work space for themselves. So last summer, they moved into a brand new 11,000-square-foot home in Lower Manhattan. The vision of Woods Bagot's head of global workplace interiors, Sarah Kay, and head of global hotels, Wade Little, the studio has done such an impeccable job creating a "raw" feel that guests often think it's the original interior. Using a simple color palette of black and white, along with industrial elements like raw columns, exposed pipes, and cracked, stained concrete floors, they've managed to infuse "New York City grit" into their modern space, complete with virtual reality technology, 3D printing, and, most importantly, an industrial-strength espresso machine. 6sqft recently visited Woods Bagot to see the space in-person and chat with Sarah Kay about how she approached the design, what a typical day in the office is like, and what we can expect to see in the near future from this incredible firm.
Go on the tour

April 10, 2018

First look at 3 World Trade Center’s huge outdoor terrace

Rendering via Silverstein Properties New renderings have been unveiled for an 11,000-square-foot outdoor terrace at 3 World Trade Center, expected to open when the skyscraper does so in June. Designed by Ken Smith Workshop, the space will be fully landscaped and feature a lush garden. As the first outdoor terrace on the World Trade Center campus, 3 WTC tenants will enjoy unbeatable views of 1 WTC and the WTC Transportation Hub. Another perk? A special operator will serve coffee to tenants in a furnished, canopied area on the terrace.
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Architecture And Design

April 10, 2018

This $8.5K a month Seaport loft is a real ship house

Pun intended, this open-plan penthouse loft is certainly no slum–it sits atop a genuine restored 1840s ship house at 115 South Street in lower Manhattan's Seaport District. Asking $8,495 a month, the character-filled top-floor space is blessed with 14-foot-high ceilings, exposed timber joists, and whitewashed brick, with stunning views of the harbor and river. It's four flights up, says the listing, but "worth every step."
Take a look around

Distinctive Homes

April 4, 2018

David Adjaye’s first New York skyscraper begins its 800-foot rise in the Financial District

Four months after revealing renderings for his first NYC skyscraper, esteemed British architect David Adjaye is finally seeing the project get off the ground. CityRealty reports that construction at 130 William Street has reached street level, with a red kangaroo crane in the ready to begin its nearly 800-foot-tall rise. The Ghana-born architect, who was knighted by Queen Elizabeth II and named one of TIME’s 2017 most influential people, has said the condo tower was inspired by the historic masonry architecture of the Financial District.
Find out more ahead

For $6,500 you can buy your very own ‘Fearless Girl’ statue

The statues available for sale. Photo Credit: Jafe Parsons.

March 28, 2018

For $6,500 you can buy your very own ‘Fearless Girl’ statue

It was bound to happen. Two-foot-high replicas of the popular, controversial "Fearless Girl" statue of a young girl standing up to Wall Street’s “Charging Bull” are now for sale, Huffington Post reports. The statue's creator, artist Kristen Visbal, is selling reproductions of the infamous statue for $6,500; the statues will be part of a limited edition with only 1,000 made in total.
How can I get one?

Events & Things To Do

March 20, 2018

$2.7M FiDi penthouse occupies the former attic of one of NYC’s earliest skyscrapers

By Emily Nonko

This full-floor penthouse is located within the former attic of one of New York's early skyscrapers, the Liberty Tower. Built at 55 Liberty Street in 1909 by Chicago architect Henry Ives Cobb, the Gothic Revival-style office building was the tallest in the world when completed. It was home to FDR's law offices and, later, to German spies plotting to prevent American from joining WWI. Architect Joseph Pell Lombardi converted the tower to co-ops in 1979, with the attic unit retaining vaulted ceilings, exposed beams, and 29 windows offering views across the city. It's now listed for $2.695 million.
See it up close

Distinctive Homes

March 8, 2018

Stylish New Yorker Federico de Vera has listed his art-filled Fidi condo for $1.4M

By Emily Nonko

Federico de Vera is known in New York for his eponymous Soho store, a museum-worthy space filled with artifacts that include everything from 18th-century religious figures to Victorian insect samplers, as well as his A-list clients that include Steve Jobs, Hillary Clinton, Anne Hathaway, and Donatella Versace. According to public records, he is the owner of this gorgeous art-filled one-bedroom apartment at the 20 Pine Street condo in the Financial District. After buying it for $1.1 million in 2008, it's been listed for $1.4 million. The high-ceilinged pad, with an open living and dining space, offers the perfect palate for another buyer who wants to fill it with unique decor.
Take the tour

Distinctive Homes

February 21, 2018

30 chances to live in FiDi’s new art-themed rental tower, from $613/month

The Financial District's new 23-story luxury rental tower Exhibit offers what's becoming the usual package of high-end amenities--a wrap-around roof deck, lounge, and fitness studio complete with a yoga room and Pelaton indoor cycles--but what sets the project apart is that it's considered the city's "first curated rental residence." The building at 60 Fulton Street has on display a collection of more than 100 pieces of art, from works by a 5 Pointz graffiti legend to massive photography, which they consider "a dynamic celebration of the downtown art, music, culture, and style that made New York City the capital of the world." Whether or not you buy into the hype, you might have a chance to live in this hip building for a lot less. The lottery is currently open for 30 affordable units ranging from $613/month studios to $2,733/month two-bedrooms, reserved for households earning 40, 60, or 130 percent of the area median income.
Find out if you qualify

Affordable Housing

Plan for a performing arts space at the World Trade Center moves forward

Rendering via REX Architecture

February 16, 2018

Plan for a performing arts space at the World Trade Center moves forward

The project to bring a performing arts center to the World Trade Center is finally back on track, almost 15 years after the idea was included in the original vision for rebuilding the area post-9/11. Gov. Andrew Cuomo announced on Thursday an agreement for a 99-year lease between the Port Authority and the World Trade Center Performing Arts Center Inc. (PAC) for $1 per year, paving the way for construction to begin. Named for the billionaire who gifted $75 million to the project, the Ronald O. Perelman Performing Arts Center will include 200,000 square feet of space, three halls and a rehearsal space, a restaurant and a gift shop. If everything moves smoothly, the center could open as soon as the 2020 or 2021 season.
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Fearless Girl and Charging Bull statues might relocate from Wall Street

Fearless Girl and Charging Bull statues on Wall Street; via Anthony Quintano’s Flickr

February 15, 2018

Fearless Girl and Charging Bull statues might relocate from Wall Street

The temporary bronze sculpture that has attracted millions of tourists and locals could become a permanent fixture in New York City, according to Adweek. Commissioned by State Street Global Advisors, the Fearless Girl statue was installed last March, a day before International Women's Day, sending a message to Wall Street for the need of gender equality in the financial world. With her chin up and hands firmly on her hips, the 250-pound statue defiantly faces the iconic Charging Bull statue, which has stood in the same spot since 1989. And now the city might relocate the pair of statues from Bowling Green Park in lower Manhattan to another, more pedestrian-friendly home to ease safety concerns.
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Events & Things To Do

Six things you didn’t know about the Lower West Side

59-81-Washington-Street ca. 1935, via NYPL

February 14, 2018

Six things you didn’t know about the Lower West Side

By Historic Districts Council

This post is part of a series by the Historic Districts Council, exploring the groups selected for their Six to Celebrate program, New York’s only targeted citywide list of preservation priorities. The Lower West Side may not be a neighborhood name used by brokers, but for those involved with preservation efforts in the area, it's a neighborhood very much unique from the surrounding Financial District. Encompassing the area west of Broadway from Liberty Street to Battery Place, it was originally home to Irish and German immigrants, followed by Little Syria, the nation’s first and largest Arabic settlement, from roughly the 1880s to 1940s. But the construction of the Brooklyn Battery Tunnel and World Trade Center "nearly wiped the neighborhood off the map." There are still several buildings remaining that serve as a connection to the past, however, and Friends of the Lower West Side is working diligently to make sure this history is not lost, expanding its oral history program, offering walking tours of the area, and appealing to the Landmarks Commission to designate a small historic district.
Find out six little-known facts about this amazing district

History

February 7, 2018

97 affordable apartments up for grabs at FiDi’s latest glassy skyscraper, from $788/month

A 762-foot skyscraper in the Financial District is now accepting applications for 97 affordable apartments. Developed by Carmel Partners and designed by Gerner Kronick + Valcarcel and SLCE Architects, the residential development at 118 Fulton Street (also known as 19 Dutch Street) contains 483 rental units. The glassy tower will have over 8,000 square feet of retail space on the cellar, first and second levels. Qualifying New Yorkers earning 60 percent of the area median income can apply for units ranging from $788/month studios to $1,025/month two-bedrooms.
Find out if you qualify

Affordable Housing

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

Photo courtesy of the Greek Orthodox Archdiocese of America

December 27, 2017

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

Construction company Skanska USA stopped work at the St. Nicholas Greek Orthodox Church this month after the Greek Orthodox Archdiocese of America failed to make payments on the project. The cost of rebuilding the church, which was destroyed in the terror attacks on 9/11 more than sixteen years ago, increased to an estimated $78 million from a 2013 estimate of $20 million. While the archdiocese raised $37 million in donations, it was still unable to pay its bills, prompting an independent investigation of the church's financial mismanagement, as the New York Times reported. Since learning of its deficit, the archdiocese has cut 25 percent of its staff and 25 percent of its expenses. A new treasurer and a chief financial officer have also been hired.
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New Developments

December 22, 2017

The Urban Lens: How Temple Court went from an abandoned shell to a romantically restored landmark

By James and Karla Murray

In 1883, one of NYC's first skyscrapers opened at the corner of Nassau and Beekman Streets. Known as Temple Court, the nine-story red brick and terra cotta structure was designed in the Queen Anne style by architect James M. Farnworth to attract accountants and lawyers who needed to be close to the city's courthouses. Its most impressive feature was its central atrium that rises the full height and is topped by a large pyramid-shaped skylight and two rooftop turrets. In the 1940s, this romantic atrium was walled in from top to bottom, and by 2001, the last commercial tenant moved out, ultimately sending the building into disrepair, a crumbling shell open to the elements. Plans to restore Temple Court into The Beekman hotel and add an adjacent 51-story condominium tower first surfaced in 2008, but before work got underway in 2012, we were granted the rare opportunity to explore the architectural gem in its eerily beautiful derelict state. And now that guests are filling up the 287 hotel rooms, the main floor is buzzing with restaurants from restaurateurs Tom Colicchio and Keith McNally, and the atrium's skylight and Victorian cast iron railings and ornamentation have been restored, we went back in to document how this one-of-a-kind landmark has been restored.
See the before-and-after photos and learn about our experience

First official look at David Adjaye’s 800-foot Financial District condo tower

Renderings courtesy of Lightstone

December 15, 2017

First official look at David Adjaye’s 800-foot Financial District condo tower

Nearly four years after wrapping up his first NYC project, Harlem's Sugar Hill affordable housing development, renowned British architect David Adjaye is inching closer to completing his first skyscraper in the city. Preliminary plans for his Financial District condo tower surfaced in May, but developer Lightstone has shared the first official reveal of the tower, now known as 130 William. The height has increased from 750 to 800 feet, or 61 to 66 stories, and it will hold 244 residences. Adjaye says the "rich history" of one of "the city's earliest streets" influenced the building's unique concrete form. "I was inspired to craft a building that turns away from the commercial feel of glass and that instead celebrates New York’s heritage of masonry architecture with a distinctive presence in Manhattan’s skyline," he said.
More details and renderings ahead

Rafael Viñoly’s 88-story tower at 125 Greenwich Street gets new renderings

Rendering of 125 Greenwich Street, courtesy of March

November 9, 2017

Rafael Viñoly’s 88-story tower at 125 Greenwich Street gets new renderings