It is directly across Liberty Street from the fabulous Louise Nevelson Plaza, a mini-forest of abstract black metal tree sculptures by the famous sculptress, and down the street from the magnificent One Chase Manhattan Plaza skyscraper designed by Gordon Bunshaft of Skidmore, Owings & Merrill with a huge Dubuffet sculpture and a superb sunken garden designed by Isamu Noguchi.

There is no more elegant pedestrian environment in the city.

Public transportation is nearby as is Wall Street and the South Street Seaport.

This rose-colored brick tower is setback on a low-rise base and rises 45 stories to afford many of its residents spectacular vistas of Lower Manhattan and the harbor.

The building is one of many "luxury" rental towers erected in Manhattan by Glenwood Management, which has pretty much defined the genre: impressive entrances, plush and glossy lobbies, tons of amenities and good finishes. By merging its zoning lot with another, Glenwood was able to erect a very tall, slender tall that fell within the city s zoning regulations.

The building has 287 rental apartments and was designed by the Stephen B. Jacobs Group.

State-issued Liberty Bonds provided about $95 million of the project’s $125 million cost.

The building, which is called Liberty Plaza, is also known as 27-37 Cedar Street and 68-78 William Street.

It has no studios and Gary Jacob, the executive vice president of Glenwood, said this reflected a belief that downtown is becoming "more of a permanent community."