45 Broad Street
45 Broad Street | |
---|---|
General information | |
Status | On hold |
Type | Residential |
Location | Manhattan, New York |
Coordinates | 40°42′20″N 74°00′41″W / 40.70556°N 74.01139°W |
Height | |
Roof | 1,039 ft (316.7 m)[1] |
Technical details | |
Floor count | 68 |
Floor area | 371,635 sq ft (34,526 m2) |
Design and construction | |
Architect(s) | CetraRuddy |
References | |
[2] |
45 Broad Street is a 68-story, 1,039-foot (317-meter)
History
Site
Swig Equities acquired the 45 Broad Street site, as well as the adjacent
In January 2009, Swig defaulted on a $49.2 million mortgage from Lehman Brothers, leading to foreclosure on the property.[8] In March 2012, Lehman took control of the property for $76.79 million.[9]
In 2014, the parcel was placed on the market, and Madison Equities finalized their acquisition of the land in October of that year.[10] AMS Acquisitions is also an investor in the project, and the building will be constructed by firm Pizzarotti-IBC.[10]
Construction
Real estate site 6sqft released early renderings of the new plans for the site in January 2016.[11] After the release of the renderings, Pizzarotti-IBC Rance MacFarland confirmed that the new structure would be a supertall, residential skyscraper catering to "entry- and mid-level buyers".[3] More developed renderings were published by The Real Deal in February 2016.[12]
Members of the New York real estate industry have expressed doubts that Madison will recoup costs, and the company has faced difficulty receiving funding for the project.[13] These difficulties are in part due to the site's proximity to the New York Stock Exchange Building and the high-level security around that structure.[13] However, the anticipated pricing of units in the building at just under $1 million up to $4 million has attracted additional investors including Gemdale (one of China's largest developers) given the softening super-luxury market.[14]
Construction work on the foundation began in April 2017, at which time the building's height was set at 1,115 feet (340 m),[13][15] and excavation began in May 2018.[16] The building was approved for construction in December 2019.[17] However, construction was placed on hold in January 2020.[18][19]
Architecture
The building is being designed by CetraRuddy, which also designed One Madison, and is being built by Pizzarotti LLC.[20] The building's bronze aluminum cladding and its distinctive crown will make it one of the first so-called neo-Art Deco skyscrapers being built in New York City.
The building will be mixed-use with 245 residences and a five-story retail base with 62,000 square feet (5,800 m2) dedicated to commercial-retail use and 93,900 square feet (8,720 m2) dedicated to a school. Amenities in the building will include a fitness center with a pool, an outdoor garden, and several lounges. Windbreak levels will puncture the
Subway elevators
In July 2016, it was announced that the
References
- ^ "45 Broad Street". CTBUH Skyscraper Center.
- ^ "45 Broad Street". Skyscraper Center. CTBUH. Retrieved July 2, 2017.
- ^ a b Plitt, Amy (January 6, 2016). "Planned 1,100-Foot, 86-Story Tower Will Rise at 45 Broad St". Curbed. Retrieved July 29, 2016.
- ^ Hylton, Ondel (October 20, 2015). "65-Story Condo Tower Designed by CetraRuddy to Rise in the Downtown Skyline". 6sqft. Retrieved July 22, 2020.
- ^ Keil, Braden (May 8, 2008). "Just Say Nobu". New York Post.
- ^ Arak, Joey (May 8, 2008). "Nobu Hotel, Like its Patrons, Will be Tall & Skinny". Curbed. Retrieved July 29, 2016.
- ^ Fedak, Nikolai (January 21, 2014). "For Sale: 45 Broad Street". YIMBY. Retrieved July 29, 2016.
- ^ Rubinstein, Dana (January 23, 2009). "Lehman Begins Foreclosure on Swig's 45 Broad Street". New York Observer.
- ^ Clarke, Katherine (April 18, 2012). "25 Broad, 627 Greenwich both return to lenders". The Real Deal.
- ^ a b Wilson, Reid (October 26, 2014). "Developers Close On 45 Broad Street, Plan 65-Story Condo Tower, Financial District". YIMBY. Retrieved July 29, 2016.
- ^ Hylton, Ondel (January 5, 2016). "REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown". 6sqft. Retrieved July 29, 2016.
- ^ Clarke, Katherine (February 26, 2016). "Revealed: Madison Equities' 45 Broad condo tower". The Real Deal. Retrieved July 29, 2016.
- ^ a b c Clarke, Katherine (May 1, 2017). "Robert Gladstone's risky business". The Real Deal. Retrieved May 8, 2017.
- ^ Brenzel, Kathryn (June 20, 2016). "Chinese company partners with Madison Equities to build 45 Broad condo". The Real Deal. Retrieved November 10, 2018.
- ^ Warerkar, Tanay (April 26, 2017). "Financial District's planned supertall at 45 Broad Street is ready to rise". Curbed NY. Retrieved June 12, 2020.
- ^ Nelson, Andrew (May 9, 2018). "Excavation Begins For 45 Broad Street, Downtown's First Residential Supertall". YIMBY. Retrieved May 9, 2018.
- ^ Young, Michael (December 26, 2019). "45 Broad Street Cleared for Potential Supertall Construction in Financial District". New York YIMBY. Retrieved June 12, 2020.
- ^ Brenzel, Kathryn; O'Regan, Sylvia Varnham (January 23, 2020). "Madison Equities' 45 Broad Street Condo Tower in FiDi is Delayed". The Real Deal New York. Retrieved June 12, 2020.
- ^ Cogley, Bridget (January 29, 2020). "Construction on CetraRuddy's supertall tower in Manhattan is postponed". Dezeen. Retrieved June 12, 2020.
- ^ Fedak, Nikolai (December 4, 2017). "New Renderings For Supertall 45 Broad Street As More Machinery Appears On Site". YIMBY. Retrieved December 4, 2018.
- ^ Nelson, Andrew (May 9, 2018). "Excavation Begins For 45 Broad Street, Downtown's First Residential Supertall". YIMBY. Retrieved November 12, 2018.
- ^ Warerkar, Tanay (July 28, 2016). "Supertall at 45 Broad Street will come with new subway elevators". Curbed NY. Retrieved July 28, 2016.
- ^ Bindelglass, Evan (July 28, 2016). "45 Broad Street Supertall Coming with New Subway Elevators, Financial District". New York YIMBY. Retrieved July 28, 2016.
- ^ Brenzel, Kathryn (July 5, 2018). "City Council approves 70K sf bonus for Madison Equities' FiDi supertall". The Real Deal. Retrieved August 15, 2018.
- ISSN 0362-4331. Retrieved January 23, 2018.