Historic One Wall Street Get a Residential Update

Courtesy of Robert A.M Stern Architects

One Wall Street, which was purchased by Harry Macklowe in 2014, will hold mainly condos and avoid offering rental units, which had been the original plan, according to recent reports. Macklowe purchased this historic building from Bank of New York Mellon for $585 million three years ago and has since been perfecting his plan for the conversion with SLCE Architects.

Finally confirmed, the Art Deco tower will rise 50-stories and hold retail at the base. The project's previous plans called for 65 percent of the units to be rentals and the rest to be condos. The developers have now decided for more condos, and are considering not offering any rental units.

1 Wall Street currently via Google Maps

The developer focused on a price range that would make units more appealing to buyers–the final asking prices are 10 percent less than similar developments in the neighborhood. The lower floors of One Wall Street will have units asking from $2,000 to $2,500 per square foot, while the upper floors will ask between $2,800 to $3,000 per square foot.

One of the retail spaces at the ground floor will hold a Whole Foods that will span across the 44,000 square feet of space. This leaves two more retail spots–over 90,000 square feet of space in total.

Construction has not started yet but the tower but change should be coming soon now been filed and confirmed.