Rendering showing location of 123 Greenwich Street (Neoscape)
Banking on the increase in workers, tourists and foot traffic downtown, GHC Development and Clarion Partners are on the hunt for a retail tenant to call part of the former American Stock Exchange building home. Positioned on a block-through site at 123 Greenwich Street, just south of the World Trade Center, the developers are anticipating that an incoming retail or entertainment use can harness the area’s resurgence and lease up to 80,000 square feet of space across three levels.
Concept rendering of Greenwich Street facade
In January, the Wall Street Journal reported that the developers will pour $65 million to refurbish and ready the space for incoming tenants. Originally built in 1921 as the New York Curb Market Building, the stalwart gem boasts column-free floor plates of 25,000 square feet, in addition to cavernous ceiling heights up to 60 feet high. A leasing website has since debuted, marketing the U.S National Historic Landmark as having “historic details like no other” as well as an “abundant and affluent pedestrian flow.” A handful of glossy renderings and a video help us conceptualize what the unique space could become.
On the Trinity Place side is the building's 14-floor Art Deco-styled annex built a decade after the Greenwich Street wing. Here, the developers plan to adaptively reuse the building into an approximately 175-key hotel.
Rendering of rehabbed 123 Greenwich Street (via 123Greenwich.com)
With the reopening of the World Trade Center and the north-south flow of Greenwich Street somewhat restored, there has been an increase in development activity in the area south of the trade center, sometimes known as Greenwich South. Directly south of 123 Greenwich, Trinity Church is building a 26-story office building and community center at 74 Trinity Place. A few doors to the north, the residential condo, known as 125 Greenwich, is halfway towards its 72-floor pinnacle. Currently available homes in the project start at $1.775M for an 878-square-foot one-bedroom.
Rendering of 125 Greenwich Street by March; Construction shot from early June (CityRealty)
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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