Fortis' upcoming 80-unit condominium tower 1 Seaport is dipping its toes in rather untested waters. Waters that have foundered a number of ambitious proposals ranging from Manhattan Landing to Frank Gehry's Guggenheim Museum. Though slightly more modest in scale, this project is moving ahead as planned, and once complete, it will be the first large residential building along FiDi's East River waterfront which, until now, has been dominated by a domino of office blocks.
The 60-story tower will transform downtown in a big way; not only its skyline, but more in how it will bring residences to the seaport. The project was conceived by Jonathan Landau's Fortis Property Group and the architects are Goldstein, Hill & West (GHWA) with S. Russell Groves as the interior designer. The 170,000-square-foot building will house a modicum collection of condos that will present residents with dawn-kissed views of East River bridges, the harbor, and the skyline. At the actual construction site, crews have finally wrapped up foundation work after months of caisson drilling and pumping water out of the landfilled lot. Now, workers are propelling the structure 670 feet skyward and framing the building's sixth level.
Over the past decade, there have been a number of residential conversions in the vicinity. A block west along Water Street (the old shoreline a millennia ago), girthy office buildings such as 95 Wall Street, 75 Wall Street, and 100 Water Street have had their acres of commercial space carved into competitively-priced apartments, with sometimes awkward and light-depleted layouts.
1 Seaport will suffer from none of those surgical side-effects, however. For one, it is a ground-up building, and being assembled by some of the most adept and prolific residential architects in the game, GHWA. Second is that the tower will soar from a rather unique site that allows a slender sheer prism to rise, with clear exposures on three sides. The narrow East River-facing blockfront is bounded by South Street, Front Street, Maiden Lane and Fletcher Street, and will only share its sliver of a block with a mid-rise hotel. Thus, nearly all apartments will have exposures in at least two directions. Above two amenity floors in the building, apartments will have three exposures, and the spectacular penthouse will be some lucky buyer's lighthouse.
The building's two, mid-height amenity floors will host a spa facility known as the Water Club, which will include hydrotherapy, and a pool experience unrivaled in the city, according to the building's official website. The sixth floor will host a fitness center and children activity rooms.
Current prices start at $1.255 million ($1,798 PPSF) for a one-bed/one-bath, and then scale upwards to $18 million ($4,010 PPSF) for a four-bedroom penthouse. How well the building is received by buyers will likely dictate the timetable of planned residential projects encircling the site, most notably, the supertall mixed-use tower planned for 80 South Street. Twenty of the units are already in contract, impressive considering not a single piece of re-bar has risen above street level. Additionally, we announced last week that unit 9C in the building, priced at $1.255 million, is currently the most popular listing on CityRealty.com. The tower is slated to open in spring 2018.