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A residential condominium sales center is expected to open later this fall at 120 Greenwich Street, the handsome, 13-story, yellow-brick building near Ground Zero.

The building was converted in 1999 from a records-storage facility to 103 rental apartments by Barrington Development Corporation and is now being converted to condominiums.

It is across Greenwich Street from the American Stock Exchange and across Albany Street from the Deutsche Bank building that was severely damaged in the terrorist attacks of September 11, 2001 and is now in the process of being demolished.

When completed, the demolition of the Deutsche Bank building will open up vistas to the north from 120 Greenwich Street, which was built in 1908. The terrorist attacks created cracks in about 100 windows at 120 Greenwich Street. There were concerns that this property and others nearby might be contaminated and dangerous for living after the terrorist attacks but recent environmental studies have approved the demolition of the Deutsche Bank building and several nearby new construction projects are beginning to move ahead.

Rothzeid Kaiserman Thomson & Bee were the architects in the rental conversion of 120 Greenwich Street that opened for occupancy as a rental in the summer of 1999 as Greenwich Place with 103 apartments, mostly one-bedrooms and studio units with three two-bedroom penthouse units.

The building has a doorman, a concierge, a health club, a roof deck, 10-and-a-half-foot-high ceilings, double-pane windows, recessed lighting, heart pine flooring, maple kitchen cabinetry, on-site valet services, storage units, central air-conditioning and some on-site parking.

An offering plan for the conversion has been submitted to the New York State Attorney General's Office.

The building has a three-story rusticated base and rusticated quoins, arched windows on the third and 12th floors and a nice cornice. It has a five-step-entrance with a very impressive broken-pediment entrance surround with banded columns. It is very convenient to the Financial District, Battery Park, TriBeCa and public transportation.

120 Greenwich Street is on the eastern side of the block bounded by Greenwich, Albany, Washington and Carlisle Streets. The western side of the block has been demolished and excavations have advanced for a mixed-use tower of about 53 stories designed by Gwathmey Siegel Architects stories for the Moinian Group plans.

Another major project is planned for 133-5 Greenwich Street where Haysha Deitsch hopes to erect a 33-story tower designed by Costas Kondylis with about 100 condominium apartments. That project, however, is still subject to environmental reviews.

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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.