Carter's Review

The Hakimian Organization, Peykar Brothers Realty and Gorjian Properties converted this 36-story office tower at 75 Wall Street to 350 condominium apartments and 250 hotel rooms in 2010. 

The handsome, rose-brick structure was built in 1987 and is notable for its arcade and mid-block plaza with a waterfall. 

It occupies the Wall Street blockfront between Pearl and Water Streets and is not far from the South Street Seaport. 

The free-standingbuilding, which was designed by Welton Becket Associates, has a strongly articulated top with many angled piers and the upper floors have superb views. 

Schuman Lichtenstein Claman & Efron (SLCE) was the architect for the conversion and The Rockwell Group designed the interiors and public spaces of both the residences and the hotel. 

The hotel is managed by the Hyatt Corporation under its luxury lifestyle brand, Andaz, which means "personal style."

Bottom Line

A tall, red-brick tower with many window bays near the East River with many hotel services and amenities.

Description

In their excellent book, "The A.I.A. Guide to New York City, Fourth Edition" (Three Rivers Press, 2000), Elliot Willensky and Norval White commented on the building noting that "A deep, generous entrance arch through a flamed granite base offers a promise, but the flat detailing above doesn’t deliver," adding that "The park provides the obligatory waterfall, but little to promote pedestrian serenity." 

The red-brick tower, however, has a strong sense of verticality.

Amenities

Residents have hotel services including room service, catering, housekeeping, valet laundry and parking, a concierge, Club 75, a facility on the 18th floor with a cardio-fitness center, massage treatment, media room and game room, and a rooftop solarium and lounge and indoor-outdoor fireplace. 

Apartments

Apartments comprise the upper 24 floors and have 10-foot-high ceilings and "a custom-built overhead storage system that maximizes the use of space." 

Open-plan kitchens have glass-tile backsplashes and lacquer and glass cabinetry and baths have white marble walls.

Duplex penthouses have fireplaces, custom-built library walls and terraces with wet bars. 

Apartment 27C is a two-bedroom unit that has a long entry foyer that leads to a 23-foot-long angled, corner living/dining room with an open kitchen with an island. 

Apartment 37C has a long entry hall that leads to an angled, 19-foot-long living/dining room with an open kitchen with an island and an angled, 18-foot-long bedroom.  The unit also has a 13-foot-long home office. 

Apartment 35F is a two-bedroom unit with an entry foyer that leads pasts an open kitchen with an island to a 28-foot-long, angled living/dining room with a 9-foot-wide terrace and a 13-foot-long home office. 

Apartment 34F has an entry foyer that leads past a 9-foot-long home office to a 20-foot-long, angled, living/dining room with an open kitchen and a 18-foot-long terrace. 

Apartment 30G is a one-bedroom unit with 653 square feet. 

Apartment 27E is a studio unit with a long entry hall that leads past an 11-foot-wide home office to a 27-foot-long living/dining room with an open kitchen with an island. 

History

J.P. Morgan Chase bought the building from Barclays Bank in 2004 and a December 21, 2005 article in Real Estate Weekly in 2005 indicated it was purchased by the Hakimian Organization and Peykar Brothers Realty for $185 million. 

The bank had agreements with two of the largest tenants in the 640,000-sq.ft. office  building - Dresdner Kleinwort Wasserstein and Fireman's Fund Insurance Co. - to buy out their leases, which had expired. 

Some of the Hakimian Organization's residential developments include 50 and 184 Lexington Avenue, 236 East 47th Street and 277 Mulberry Street.