A casual walk through Lower Manhattan shows what looks like a lively atmosphere and recently rejuvenated dining, shopping, and working scene. It's not one's imagination; according to Downtown Alliance's Real Estate Year in Review, the area has welcomed the return of the Cortlandt Avenue subway stop, two new NYC ferry routes, 95 newly opened retailers, and over 700 new hotel rooms. The remarkable resurgence extends to the realm of residential as well: Over 1,300 residential units opened in six buildings, and 2,900 units in 19 buildings are in the pipeline.
The report cites luxury rentals 20 Broad Street and 19 Dutch as examples, but apartment sales have proven highly desirable as well. Leading the charge is One Wall Street, the largest office-to-condo conversion in the history of New York. Ralph Walker built it as the Irving Trust Company headquarters around 1930, and it is being converted to studio through four-bedroom condos with a $1.686 billion sellout and high-end finishes.
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Over 100,000 square feet of amenities are said to include a winter garden, an enclosed pool, on-site parking, a children's playroom, and a 39th-floor roof deck overlooking New York Harbor. Whole Foods will take 44,000 square feet of retail space in the base, and Life Time fitness center just signed a lease for 74,000 square feet of space for its second New York location.
Excitement has been buzzing ever since the conversion was announced, and now it’s official: Sales are set to launch this year, and the building is slated to open in 2020. As we wait for One Wall Street's listings to appear, we explore others that have set new standards for the Financial District.
Most Expensive Listing
Just adjacent to The Beekman, a recently opened luxury hotel, this 51st-story home is surrounded by walls of windows looking out on postcard-perfect 360-degree views of the Hudson River, the East River, the iconic Midtown skyline, and the new downtown skyline. An enormous Great Room with a marble fireplace flows seamlessly into the chef's kitchen and private terrace. All bedrooms offer excellent privacy and en suite baths, and the corner master suite boasts two walk-in closets and a five-fixture marble bath. In addition to exclusive residential amenities, residents have access to The Beekman's services and concierge. See floor plan and further details here.
FiDi's Median Condo Price: $1.45 Million
High-floor home on the corner of Wall Street and Water Street looks out on views of the East River from all windows, and ceilings soar to 10 feet high and further enhance the space. Full-service building offers integrated hotel services including maid service, room service, on-site parking, valet laundry, and concierge. The South Street Seaport is a few blocks away, and nearly every major subway line is within a short distance of the building. See floor plan and full details here.
Median Prices by Unit Type
Cool Conversions
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After this 35-story building went up in 1928, it was originally known as 2 Chase Manhattan Plaza. Several years and a landmark designation, it has been converted to an amenity-rich luxury condominium with interiors by Armani/Casa. This high-floor unit offers grand-scale rooms, dramatic entry gallery, open chef's kitchen, and spa-style baths. See floor plan and full details here.
Our Picks for Most Beautiful Listings
Sir David Adjaye's first New York residential building will make a striking addition to the downtown skyline, and he brings that same attention to detail to its interiors. Both levels of this duplex are separated by a custom spiral staircase, and oversized arched windows with bronze detailing look out on panoramic river and skyline views. The upper-level master suite has a walk-in closet and luxurious marble bath. See floor plan and full details here.
Least Expensive Listing
Well-proportioned studio in a prime downtown location features 10' ceilings, four large windows, hardwood floors, generous closet space, and loft-like atmosphere. A chic custom kitchenette comes with a dishwasher among other integrated appliances. There are laundry rooms on every floor, and additional building amenities include fitness room, billiards room, business center, screening room, and bike room. See floor plan and full details here.
Best Deal
Spacious downtown home features sprawling layout and walls of windows overlooking Wall Street through the building's iconic columns. The kitchen offers integrated appliances and a set of landmarked casement windows to fill the room with light. Amenities include 24-hour concierge service, Cipriani restaurant, library, fitness center, and landscaped roof deck with gorgeous views. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?