45 Broad Street

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45 Broad Street
General information
Status Under construction
Type Residential
Estimated completion 2018
Height
Roof 1,100 ft (340 m)
Technical details
Floor count 64
Floor area 371,635 sq ft (34,526.0 m2)
Design and construction
Architect CetraRuddy
References
[1]

45 Broad Street is a skyscraper under construction in the Financial District of Manhattan, New York, U.S.[2] The building will be entirely residential, and is being developed by Madison Equities on Broad Street.

History and construction[edit]

A proposal dating to 2008 planned a Nobu Hotel for the site, which was backed by Robert De Niro. The building, a conventional glass curtain wall, would have contained a retail base, 128 hotel rooms, and 77 "super-luxury" condominiums above the hotel.[3] The planned Nobu Hotel would have been 62 stories and 709 feet in height, but the proposal was derailed due to the Great Recession.[4]

In 2014, the parcel was placed on the market, and Madison Equities finalized their acquisition of the land in October of that year.[5] AMS Acquisitions is also an investor in the project, and the building will be constructed by firm Pizzarotti-IBC.[5]

Real estate site 6sqft released early renderings of the new plans for the site in January 2016.[6] After the release of the renderings, Pizzarotti-IBC Rance MacFarland confirmed that the new structure would be a supertall, residential skyscraper catering to "entry- and mid-level buyers".[2] More developed renderings were published by The Real Deal in February 2016.[7]

In July 2016, it was announced that Landmarks Preservation Commission had approved the construction of two new subway elevators outside the entrance to the building, available for public use. They will connect to the existing Broad Street J/Z subway station. The design of the elevators is being overseen by Urbahn Architects, although they did not design the associated building.[8]

Members of the New York real estate industry have expressed doubts that Madison will recoup costs, and the company has faced difficulty receiving funding for the project.[9] These difficulties are in part due to the site's proximity to the New York Stock Exchange and the high-level security around that building.[9]

Construction work on the foundation began in April 2017,[9] and excavation began in May of 2018.[10]

Usage and amenities[edit]

The building will be mixed-use with 245 residences and a five-story retail base. Amenities in the building will include a fitness center with a pool, an outdoor garden, and several lounges.

Design[edit]

The building was designed by CetraRuddy who also designed One Madison.

References[edit]

  1. ^ "45 Broad Street". Skyscraper Center. CTBUH. Retrieved 2017-07-02. 
  2. ^ a b Plitt, Amy (6 January 2016). "Planned 1,100-Foot, 86-Story Tower Will Rise at 45 Broad St". Curbed. Retrieved 29 July 2016. 
  3. ^ Arak, Joey (8 May 2008). "Nobu Hotel, Like its Patrons, Will be Tall & Skinny". Curbed. Retrieved 29 July 2016. 
  4. ^ Fedak, Nikolai (21 January 2014). "For Sale: 45 Broad Street". YIMBY. Retrieved 29 July 2016. 
  5. ^ a b Wilson, Reid (26 October 2014). "Developers Close On 45 Broad Street, Plan 65-Story Condo Tower, Financial District". YIMBY. Retrieved 29 July 2016. 
  6. ^ Hylton, Ondel (5 January 2016). "REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown". 6sqft. Retrieved 29 July 2016. 
  7. ^ Clarke, Katherine (26 February 2016). "Revealed: Madison Equities' 45 Broad condo tower". The Real Deal. Retrieved 29 July 2016. 
  8. ^ Bindelglass, Evan (28 July 2016). "45 Broad Street Supertall Coming with New Subway Elevators, Financial District". YIMBY. Retrieved 31 July 2016. 
  9. ^ a b c Clarke, Katherine (1 May 2017). "Robert Gladstone's risky business". The Real Deal. Retrieved 8 May 2017. 
  10. ^ Nelson, Andrew (9 May 2018). "Excavation Begins For 45 Broad Street, Downtown's First Residential Supertall". YIMBY. Retrieved 9 May 2018. 

Coordinates: 40°42′20″N 74°0′41″W / 40.70556°N 74.01139°W / 40.70556; -74.01139