The largest office conversion ever in New York

For nearly a century, One Wall Street has dominated the heart of the financial district.

Formerly the headquarters of the Irving Trust commercial bank and then the Bank of New York Mellon Corporation, it was one of the tallest buildings in the city when it opened in 1931.

Today, the 1.2 million square foot Art Deco office tower masterpiece is once again making an impact.

After nearly eight years of construction, the tower has officially made its debut as a residential skyscraper. The 566-unit condominium building, transformed by developer Macklowe Properties, is the largest office-to-residence conversion ever in the city.

Together, a historic 50-story tower and a 30-story extension, the conversion is an engineering feat on a scale never before seen in Manhattan that required a nearly complete gut of the gigantic tower, hundreds of new Landmarks-approved windows and the displacement of all the mechanics of the building from its perimeter to its center.

With closures set to begin mid-year and completion expected by the end of 2022, the developer has now unveiled photographs of its model units, a collection of seven apartments currently not for sale – and The Post got an exclusive first look inside.

Old building, new tricks: One Wall Street features 170 distinct apartment layouts, luxury finishes and unique outlooks.
DBOX for Macklowe Properties

These dwellings feature floor-to-ceiling windows that overlook Broadway and open living, dining, and kitchen areas accented by Miele appliances and waterfall countertops.

Company chef Harry Macklowe designed the kitchens himself – with other touches including Lincoln Calacatta marble on the countertops and backsplashes, and custom cabinetry designed by Aran Cucine. Ceilings over 10 feet high sit on wide plank French oak hardwood floors.

Tower sales got off to a slow start in September. There are now 34 residences for sale, ranging in price from $990,000 for a studio to $12.75 million for a four-bedroom. A triplex penthouse in the crown of the building with 35ft ceilings could cost $40 million, but Kirk Rundhaug of Compass, who heads sales and marketing at One Wall Street, said an asking price had no not yet been fixed.

An interior of a unit at One Wall Street.
Prices for One Wall residences range from $990,000 for a studio to $12.75 million for a four-bedroom apartment. The Post got a first look at the newly completed model units.
Donna Dotan

Rundhaug declined to say how many units in total are spoken, but he said the building has some 170 different apartment layouts, which alone has created demand. For example, the property is home to 11 loft-style units, six of which have been sold and two are under negotiation.

The development – whose helping hands also include Robert AM Stern and SLCE Architects – is helping transform the opening hours district into a more residential one. It will even include a Whole Foods at its core.

“[Locals] They’ve been there every day for years and they’ve seen it under construction…and now they can visit and take a tour and see if it’s right for them,” said Richard Dubrow, Marketing Director of Macklowe Properties.

Interior of the One Wall Street Red Room.
The Red Room is the only original part that remains, and is still adorned with bright red and gold Art Deco tiles and metalwork.
Michael Young

Other user-friendly amenities include a coworking space, children’s playroom, teen lounge, private restaurant for residents next to a 4,000 square foot landscaped terrace, private gym – as well as access to the three-story Life Time Fitness Center in the commercial section. But the biggest advantage of the building is its history.

In 1929 Irving Trust brought in architect Ralph Walker – whose other work includes the Stella and Walker towers in Manhattan – to design the building and Cass Gilbert, the rival architect of the nearby Woolworth Building, is said to have withdrawn his money from the bank in protest. .

“It’s a few hundred years of history – it’s the layers of history in the architecture that make the views so appealing and rich.”

Richard Dubrow, Marketing Director of Macklowe Properties

The bank commissioned the 30-story extension in 1963 – and stripped the building of much of its original splendor in the process. The only remaining original part is the red room.

This space, an atrium covered in dazzling mosaics, once served as a banking hall for Irving Trust’s most loyal customers. It will house a to-be-announced commercial tenant following a more than $1 million restoration, which included refurbished glass mosaic, triple-height windows and ornamental metal.

“It’s the most important piece that’s been left behind,” said Lilla Smith, architectural director of Maclowe Properties.

However, Macklowe tried to inject moments of Walker’s vision back into the tower. For example, they reopened the original Broadway entrance, which now leads to an Art Deco-style lobby. The team also demolished 30 elevators, then relocated and rebuilt nearly a dozen resident elevators in the center of the building to optimize the layout of the homes, as well as exposure to light and heat. air.

Exterior of a Wall Street.
The Art Deco entrance to the redesigned One Wall Street building.
DBOX for Macklowe Properties

The iconic tower’s south-facing facade – which had rows of three windows – now has rows of five to match the north facade. “It ended up making the building symmetrical,” Smith said. “When we introduced [the plan] at Landmarks, we claimed that Ralph Walker would probably be very supportive of this.

The mechanical rooms, which previously faced the New York Stock Exchange, have also been moved – and it’s made for new views.

“In a number of apartments, you can actually look down on the old parquet floor,” Smith said.

An interior of a unit at One Wall Street.
One of One Wall’s newly launched model homes.
Donna Dotan

With the opening of the property comes a host of other views that only office tenants previously saw.

East-facing residents will also get a glimpse of the George Washington statue in front of Federal Hall, while west-facing residents will see an eagle sculpture above the entrance to 65 Broadway, the former headquarters of ‘American Express. A block north of that, residents can look over the spire of Trinity Church to see the World Trade Center as a backdrop.

“It’s a few hundred years of history — it’s the layers of history in the architecture that make the views so appealing and rich,” Dubrow said. “There are all these nice little moments,” Smith added.

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