New Buildings on The Rise at Financial District

By: ROS Team May 7, 2021

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Lower Manhattan became famous for its incredible renaissance in recent decades, transforming the Financial District from a day-time business community to a 24hr live/work/play destination.

The residential rental market has risen to the occasion admirably, converting former office towers to residential use or erecting soaring new structures filled with high-end residences and amenities.

Let me introduce you to three no-fee rental buildings in the Financial District. We considered the design, apartments, amenities, and views to assemble the list below.

120 Water Street

The slender 28-story tower, which is near completion, will house a Hotel Indigo in the Financial District. The structure was created by Kaufman & Associates Architects and developed by Atlas Hospitality. The 52,000 square-foot structure will house 28 rooms that Fortuna Realty Group will manage. The site is sandwiched between two adjacent buildings along Water Street between Pine and Wall Streets.

The gray facade paneling on the hotel’s lower half can be seen as it approaches the main setback. The panels, mostly covered in temporary protective plastic film, encircle the columns of windows and double-height openings at the northern end of the front profile.

The upper half of 120 Water Street appears nearly complete, with only minor details remaining around the final level’s rectangular cantilevering platform and the mechanical extension housing the wooden water towers.

The hotel’s amenities include a cellar-level fitness center, a ground-floor restaurant, and a protruding balcony on the 25th floor. Wall Street station’s 2 and 3 trains are the closest subway lines, accessible via the adjacent interior public atrium at 60 Wall Street to the west.

The J and Z trains are also a short walk away, located at the intersection of Broad and Wall Streets directly across from the New York Stock Exchange.

There is a rendering of the hotel’s initial design that demonstrates the project’s simplification in terms of color palette and texture and the elimination of architectural details such as yellow cross braces and diagonal ground-floor columns.

No official completion date has been announced for 120 Water Street. Given that most work appears near completion, we can speculate that the Hotel Indigo will be completed later this year.

Elizabeth H. Berger Plaza

Another well-known place in Financial District, Elizabeth H. Berger Plaza, has been completed, and the newly constructed park is now open to the public. It was named in honor of the former Downtown Alliance President Elizabeth Berger. Greenwich Street connects the green space to the west, Edgar Street, which connects the green space to the north, and Trinity Place borders the green space to the east.

The park’s previous design featured two distinct concrete plazas divided diagonally by an exit lane from the Hugh L. Cary Tunnel. The exit lane’s curve obscured pedestrians’ view of approaching vehicles. The new configuration repositioned the exit lane for Greenwich Street. A black metal fence and a stone retaining wall shield pedestrians from oncoming traffic, while landscaping and garden beds act as a buffer zone.

Elizabeth H. Berger Plaza now has two entrances on the park’s northern end, numerous winding paths lined with various-shaped stone. Classic New York-style wooden benches, a gradually elevated, elliptical-shaped green lawn with a wooden fence around the perimeter to allow newly laid sod to settle into the soil, new lamp posts, and a low-lying black railing surrounding the garden.

The subway staircases leading down to the Rector Street station’s local one train have been retained throughout the plaza redesign.

Tin Building at South Street Seaport

South Street Seaport’s historic Tin Building will soon be home to the world’s most enormous construction-grade glass media wall. It will enclose an area totaling more than 1,100 square feet around the building’s escalators.

The Howard Hughes Corporation and Shop Architects are scheduled to reopen the property. This year following a complete redevelopment by the Howard Hughes Corporation and Shop Architects. The media wall is one of the project’s final components, serving as an ever-changing digital canvas.

The wall is expected to provide 100,000 hours of full brightness during its lifetime, according to ANC.

“The interest we’re seeing from our clients in the sports, entertainment, transportation, and development industries demonstrate a tremendous demand for these new media technologies,” said George Linardos, president and CEO of ANC.

He also added that the future is not about passively watching the world pass by; it is about innovation and living in the moment. They are incredibly proud to be a part of that process today through our partnership program with the most innovative space technologies.

When finished, it will have a 53,000-foot retail market dedicated to Jean-Georges Vongerik of the department store chain.

They are looking forward to The Howard Hughes Corporation putting this revolutionary new concept of shopping and dining into effect in the revitalized Seaport District. Which will change what people think of as an experiential shopping and dining experience. Using GLA Media Glass in the Tin Building, they can give that stunning new architectural feel to the entire building.

Final Thoughts:

Financial District will astonish you with its newly constructed buildings. With its new offerings, you will surely love to stay in this place. This massive uptick in residential development will make you want to move immediately to Financial District.

Read Also:
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Why Financial District is the Best Place to Live
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