45 Broad Street

45 Broad Street is a residential building being constructed in the Financial District of Manhattan in New York City. The building was originally planned as Lower Manhattan's tallest residential tower. Excavation started in 2017, but as of 2020, construction is on hold. New signage at the site indicates that construction will resume shortly with Suffolk Construction as the prime contractor and the project is expected to be completed in Summer 2030.

1. History


1. = Site =

Swig Equities acquired the 45 Broad Street site, as well as the adjacent Broad Exchange Building, in 2006. Swig planned to demolish a preexisting building at 45 Broad Street and part of the Broad Exchange Building to transfer air rights for a proposed development. Swig wished to build a Nobu Hotel for the site, which was backed by Robert De Niro. The building would have been designed by Moed de Armas and Shannon with a conventional glass curtain wall along with interiors by David Rockwell. The building would have contained a 13,000 square feet (1,200 m2) retail base, 128 hotel rooms, and 77 "super-luxury" condominiums above the hotel on floors 41 through 62. The planned Nobu Hotel would have been 62 stories and 709 feet (216 m) in height and was planned for completion in 2010. In January 2009, Swig defaulted on a $49.2 million mortgage from Lehman Brothers, leading to foreclosure on the property. In March 2012, Lehman took control of the property for $76.79 million. In 2014, the parcel was placed on the market, and Madison Equities finalized their acquisition of the land in October of that year. AMS Acquisitions is also an investor in the project, and the building will be constructed by firm Pizzarotti-IBC.

1. = Construction =

Real estate site 6sqft released early renderings of the new plans for the site in January 2016. 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". More developed renderings were published by The Real Deal in February 2016. The building was originally designed by CetraRuddy. The building was to be mixed-use with 245 residences and a five-story retail base with 62,000 square feet (5,800 m2) dedicated to commercial-retail use and 93,900 square feet (8,720 m2) dedicated to a school. Amenities in the building were to include a fitness center with a pool, an outdoor garden, and several lounges. Windbreak levels were to puncture the facade on the 27th and 43rd floors, which would have 32-foot tall ceilings and terrace space. 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. These difficulties are in part due to the site's proximity to the New York Stock Exchange Building and the high-level security around that structure. However, the anticipated pricing of units in the building at just under $1 million up to $4 million has attracted additional investors including Gemdale (one of China's largest developers) given the softening super-luxury market. Construction work on the foundation began in April 2017, at which time the building's height was set at 1,115 feet (340 m), and excavation began in May 2018. The building was approved for construction in December 2019. However, construction was placed on hold in January 2020. In March 2023, the project restarted under new developers, Madison Equities and Gemdale Properties, who hired Handel Architects to design a shorter, 52-story structure.

1. Architecture

Handel Architects' plans called for a 52-story structure with 221,000 square feet (20,500 m2) of space and 302 stories. Renderings of the revised plans indicate that the tower will have a metal-and-glass facade above a five-story base. The second story would contain a loggia, while the fifth-story setback would include an outdoor terrace.

1. = Subway elevators =

In July 2016, it was announced that the New York City 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 station of the New York City Subway's J and Z trains. The design of the elevators is being overseen by Urbahn Architects. The plans call for two elevators, one for each platform, at the northeastern and southwestern corners of Broad Street and Exchange Place. The New York City Council approved the construction of the elevators in July 2018, and granted the developers 71,391 additional square feet in zoning rights in exchange for building the elevators. However, residents and tenants of 15 and 30 Broad Street opposed construction of glass-and-metal elevators, citing they posed a risk for terrorist attacks.

1. References

Nearby Places View Menu

Lee, Higginson & Company Bank Building

The Lee, Higginson & Company Bank Building is a historic bank building located at 41 Broad Street in the Financial District of Lower Manhattan, New York City. The structure was designed by architects Cross & Cross and built in 1928–1929. It is a 10-story, Classical Revival style, with a top floor penthouse. It features a slightly curved front facade, architectural sculpture by Leo Friedlander, and murals by Griffith B. Coale. It was added to the National Register of Historic Places on June 7, 2006. In 2007, it was designated as a contributing property to the Wall Street Historic District, a NRHP district.

Bank Historic Site

Broad Exchange Building

The Broad Exchange Building, also known as 25 Broad Street, is a residential building at Exchange Place and Broad Street in the Financial District of Lower Manhattan in New York City. The 20-story building was designed by Clinton & Russell and built between 1900 and 1902. The Alliance Realty Company developed the Broad Exchange Building as a speculative development for office tenants. The Broad Exchange Building is either 20 or 21 stories tall. Its articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital. The lowest three stories of the facade are clad with rusticated granite blocks; the fourteen-story shaft is clad with brick; and the top stories are clad with granite and terracotta, topped by a copper cornice. Inside, the building originally contained office space, but as of 2019, has 307 residential units. With 326,500 square feet (30,330 m2) of rental space in total, the Broad Exchange Building was Manhattan's largest office building upon its completion. Due to the Broad Exchange Building's proximity to the New York Stock Exchange Building, many financial firms sought space in the building. The Broad Exchange Building was sold off numerous times in the late 20th and early 21st centuries. The Broad Exchange Building was gutted and renovated into apartments in the late 1990s, and a southern wing of the building was demolished in the early 21st century. The building was added to the National Register of Historic Places (NRHP) in 1998, and was designated a city landmark by the New York City Landmarks Preservation Commission in 2000. It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007.

Historic Site Landmark

36 m

Léman Manhattan Preparatory School

Léman Manhattan Preparatory School is a private school located in the Financial District, Manhattan. Students are ages two years old through eighteen years old. There are two Lower Manhattan sites. Founded in 2005 as Claremont Preparatory, the school was acquired by the Meritas family of schools in 2011, and subsequently renamed to Léman Manhattan Preparatory School. Several Meritas schools such as Collège du Léman which locates in Switzerland and Léman International School Chengdu which locates in China have incorporated the name Léman. In 2011, Léman joined Meritas, an international network of college preparatory schools. In 2015, Léman Manhattan was left out of a transaction that took in Léman Switzerland, and Léman Chengdu, and did not become an affiliate school of Nord Anglia Education as part of an acquisition deal. Nord Anglia currently maintains two other schools in Manhattan, Nord Anglia International School New York (ages 2-14) and the other school Avenues New York (ages 1-18) neither of which have an on site boarding facility. Léman Manhattan Preparatory School has students from over seventy countries. Tuition for K-12 day students and the boarding tuition is listed on their website.

School University

55 Broad Street

55 Broad Street is a 30-story building at Broad Street and Beaver Street in the Financial District of Manhattan in New York City, New York. It adjoins 15 William, a skyscraper to the east. The building was constructed from 1964 to 1967, and initially operated as the headquarters of the trading firm Goldman Sachs from 1967 to 1983. It continued as an office building afterward, although it was vacant for renovations from 1991 to 1995. In 2023, renovations began to convert the building from commercial space into residential apartments. The project is expected to create 571 apartments and to finish in around 2025. The building was owned by the Rudin Management Company from 1964 to 2023; the building was taken over by Silverstein Properties and Metro Loft for the redevelopment effort, although Rudin maintains a stake in the project. Ares Real Estate Group has also invested in the redevelopment venture.

Landmark