Monday, June 8, 2015

Downtown's Tallest Residential Tower to Rise on Greenwich

A 1,200-foot-tall tower of condos will soon begin to rise in the Financial District. The structure at 125 Greenwich Street will be downtown's tallest residential building, surpassing both 56 Leonard and 30 Park Place. The site, formerly known as 22 Thames Street, has no height restrictions—an attractive feature for developers who want to build huge luxury condominium towers.

Developers SHVO New York and Bizzi & Partners  are preparing to construct a 71-story ultra luxury tower, which is set to become Manhattan’s tallest residential building south of 57th Street..

The height of the new building was originally planned at 1,356 feet, but has since been scaled back.

Nonetheless, 125 Greenwich Street will still claim the title of second tallest building in Lower Manhattan.

The designer of the original tower planned for 22 Thames Street, Rafael Vinoly, has been retained as the project’s architect.

The developers have secured $240 million in construction financing for the 453,630 square foot building.

The ceilings heights will be 13 feet up to the 38th floor, 16 feet high on floors 40 through 65, and an enormous 24 feet high on floors 61 through 71.

The 128 ultra-luxury residences will be separated by mechanical rooms on the 39th and 55th floors.

On the lower levels of the tower, 24 maid’s rooms will be located on floors 8 through 10, just above the building’s lavish amenities and 25,000 square feet of retail space.

Floors 61 through 71 will house 10 enormous penthouses measuring 5,300 square feet each, with sweeping views of New York harbor, Brooklyn and New Jersey.

The building will be topped by a 10,600 square foot duplex penthouse apartment which is rumored to list at nearly $100 million, making it one of Lower Manhattan’s most expensive residences.

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