NEW YORK | 45 Broad St | 1,127 FT | 84 FLOORS


#223


Insta


#224

This one’s gonna be nice when it finally goes up. It’ll alter the skyline for the better.

Too bad they can’t recommission the old 55 Broad plan and use Inception to get every single person to abandon 15 William, then demolish those both and have a huge lot for a new tower. That would be a dream come true for me.


#225

Nice.


#226

That space is so narrow.


#227

Nice photo! It looks like this was taken on the actual construction site. This tower’s design, based on the latest renderings from CetraRuddy and assuming no substantial changes occur as the building rises, will make it a very nice addition to the Downtown skyline. One thing I find interesting about this project is that it’s targeting mid- and entry-level buyers. Buyers like that are so often priced out of super-tall residential buildings in Manhattan, including in FiDi and BPC.


#228

Reading about these projects really does highlight the transformation of FiDi over the past decade. Just consider how many new residential developments are either about to top out, well underway, just getting started, or in the early stages of planning. 50 West has been a nice addition, 125 Greenwich, 77 Greenwich, 130 William, 161 Maiden, the rumored ultra-super-tall at 80 South, 111 Murray, 8 Spruce, One Manhattan Square (252 South), One Beekman, 5 Beekman, and on and on.

In addition, a host of commercial buildings in FiDi like 101 Wall have been converted to condos or rentals, with more on the way including One Wall and MetroLoft’s 20 Broad. Wall Street is likely going to be overwhelming residential in the not-too-distant future. Last year Singapore’s sovereign wealth fund (GIC Singapore) purchased a 95% stake in the Deutsche Bank Building at 60 Wall. I’m curious to look into what their plans are for the building, as I could see it being partially or fully converted to residential or a hotel, given, among other things, the trajectory of the neighborhood and the building’s impressive, postmodern, neoclassical look.

Regardless, 45 Broad will hopefully prove a resounding success. As a financier and developer, one of Gemdale’s primary interests in 45 Broad, I’m told, is the anticipated pricing for the residential condos at $4 million and below and the fact that no one else seems to be doing that in Manhattan for new luxury development despite a softening market for ultra-luxury apartments.