The Hakimian Organization and Peykar Brothers Realty have begun converting the 36-story tower at 75 Wall Street to 347 condominium apartments on floors 13 through 35 and about 260 hotel rooms hotel on floors 3 through 12, according to plans on file with the Department of Buildings, which approved the plans November 30.
The handsome, red-brick building was built in 1987 and is notable for its arcade and mid-block plaza with a waterfall.
It occupies the Wall Street blockfront between Pearl and Water Streets and is not far from the South Street Seaport.
In their excellent book, "The A.I.A. Guide to New York City, Fourth Edition" (Three Rivers Press, 2000), Elliot Willensky and Norval White commented on the building noting that "A deep, generous entrance arch through a flamed granite base offers a promise, but the flat detailing above doesn't deliver," adding that "The park provides the obligatory waterfall, but little to promote pedestrian serenity."
The building, which was designed by Welton Becket Associates, has a strongly articulated top and the upper floors have superb views in virtually directions.
Schuman Lichtenstein Claman & Efron (SLCE) is the architect for the conversion.
J.P. Morgan Chase bought the building from Barclays Bank in 2004 and a December 21, 2005 article in Real Estate Weekly in 2005 indicated it was purchased by the Hakimian Organization and Peykar Brothers Realty for $185 million.
The bank had agreements with two of the largest tenants in the 640,000-sq.ft. building - Dresdner Kleinwort Wasserstein and Fireman's Fund Insurance Co. - to buy out their leases, which expired last year.
A bomb exploded in front of the building in February, 2000.
Some of the Hakimian Organization's residential developments include 50 and 184 Lexington Avenue, 236 East 47th Street and 277 Mulberry Street and its other current projects include 636 Eleventh Avenue and 30 West 18th Street.
The handsome, red-brick building was built in 1987 and is notable for its arcade and mid-block plaza with a waterfall.
It occupies the Wall Street blockfront between Pearl and Water Streets and is not far from the South Street Seaport.
In their excellent book, "The A.I.A. Guide to New York City, Fourth Edition" (Three Rivers Press, 2000), Elliot Willensky and Norval White commented on the building noting that "A deep, generous entrance arch through a flamed granite base offers a promise, but the flat detailing above doesn't deliver," adding that "The park provides the obligatory waterfall, but little to promote pedestrian serenity."
The building, which was designed by Welton Becket Associates, has a strongly articulated top and the upper floors have superb views in virtually directions.
Schuman Lichtenstein Claman & Efron (SLCE) is the architect for the conversion.
J.P. Morgan Chase bought the building from Barclays Bank in 2004 and a December 21, 2005 article in Real Estate Weekly in 2005 indicated it was purchased by the Hakimian Organization and Peykar Brothers Realty for $185 million.
The bank had agreements with two of the largest tenants in the 640,000-sq.ft. building - Dresdner Kleinwort Wasserstein and Fireman's Fund Insurance Co. - to buy out their leases, which expired last year.
A bomb exploded in front of the building in February, 2000.
Some of the Hakimian Organization's residential developments include 50 and 184 Lexington Avenue, 236 East 47th Street and 277 Mulberry Street and its other current projects include 636 Eleventh Avenue and 30 West 18th Street.
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.
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