See New Construction Photos of One Wall Street; Macklowe Ups 566-Unit Sellout Price to $1.686 Billion

By Michelle Mazzarella | From Future New York Monday, November 26, 2018

Recent rendering and construction photos of One Wall Street via Macklowe/CORE

The condo conversion at One Wall Street is one of the largest in Manhattan history, and it has been given a sellout to match: Developer Macklowe Properties recently upped the sellout to $1.686 billion from an earlier price of $1.5 billion. At this rate, prices of the apartments in the former Irving Trust Company headquarters will come to an average of $3 million, or $2,600 per square foot. This comes to nearly twice the Financial District average of $1.528 million and $1,386 per square foot (CityRealty data), but Macklowe demonstrates confidence in the combined allure of the building’s rich history and bright future.

As a New York City landmark, exteriors of the 50-story tower designed by Ralph Walker circa 1930 will be largely protected. Its famed, opulent Red Room is expected to open to the public as a retail space or sales office, and the White Room will be incorporated into a penthouse. However, an annex building is getting a six-story addition at the top. SLCE is serving as the architect of the entire conversion.

While renderings are not yet available, new details on the apartments have emerged (h/t The New York Times). Of the 566 units, 304 will be studios and one-bedrooms that will cater towards singles and coupless. More than a dozen setbacks will provide private terraces for 47 apartments, and there will be four full-floor penthouses at the top of the building. All units will feature 6” engineered hardwood floors, Miele appliances, in-unit washer/dryers, a choice of glass or lacquer kitchen cabinetry, and panoramic views. Sales are expected to begin this fall, and opening is anticipated for 2020.

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In addition to the winter garden, One Wall Street will be home to over 100,000 square feet of amenities. These are set to include an enclosed pool, a 39th-floor roof deck overlooking New York Harbor, on-site parking, billiards room, children’s playroom, fitness center, and public terraces. Whole Foods will take 44,000 square feet of retail space, and popular retail chains have been in talks for the remaining 130,000 square feet.

Retail renderings via Macklowe Properties

Preliminary rendering showing roof deck (Macklowe)

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