Urban Muse has just released a slew of new renderings for their new Financial District development in the works at 1 Beekman Street. Known fondly as a “Pearl on the Park,” One Beekman will serve as design architect Richard Rogers’ first residential building in the city. As per Rogers Stirk Harbour + Partners’ design philosophy, the building will utilize materials that “express their natural characteristics and convey the inherent warmth and texture appropriate to residential dwellings.”
Topping out at 25 stories, the 95,000-square-foot ground-up mixed-use development will stand in the heart of FiDi's City Hall Park district. Inside, the tower will host 31 homes ranging between 900 and 2,900 square feet, three commercial units of approximately 4,500 square feet apiece, and one retail unit of approximately 3,200 square feet.
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Renderings reveal a glassy façade framed by metal accents. Each level has been designed to blur interior and exterior space, and the layouts have been designed from the inside out in order to protect the beautiful views of nearby City Hall Park. The park’s public green space will be reflected by the green space planned for the tower’s uppermost floor. At its base, the building will feature a glazing system designed to yield a street presence and lend a greater transparency to the lobby and retail areas. The tower will also host inhabitable loggias and outdoor space, side screens that create depth, and column-free, double-height interior spaces.
The building will offer convertible one-to-two-bedroom residences, and is due to be complete by spring 2018. Situated in the City Hall Park district, the building will rise in a square mile defined by $30 billion of investment. Nearby are the Four Seasons Hotel, Eataly, Nobu, 400,000 square feet of retail at Calatrava’s Oculus, and 10 subway lines at the Fulton Street Station.
There are currently 255 condos for sale in the Financial District for a median price of $1.625 million, or $1,576 per square foot. The average closing price for a condo in the area this October was $1,377 per square foot, up from last October’s average closing price of $1,283 per square foot.
All renderings via Urban Muse.
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Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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