The art-deco style skyscraper, formerly occupied by Irving Trust and the Bank of New York, is currently undergoing a major redevelopment into a 556-unit condo and retail space, a monumental project helmed by Macklowe Properties and designed by Robert A.M. Stern and SLCE Architects.
A prominent building in Lower Manhattan and an art deco masterpiece, One Wall Street, completed in 1931, is to be repurposed into an upscale residential and retail location, having served as the headquarters for Irving Trust investment bank and more recently for Bank of New York.
The painstaking, albeit monumental, task is to be undertaken by real-estate developer Macklowe Properties, which bought the site in 2014 in response to growing residential demands in the district that has historically be dominated by financial institutions.
Maintaining the overall architectural integrity and keeping its limestone facade, the building will be redeveloped into a 556-unit condo, ranging from studios to four-bedrooms. A glass curtain wall is added to the lower levels of the building, where an impending 44,000 sq. ft. Whole Foods Market and Life Time fitness and health club will be located.
This historic project has been making steady progress, with the US$1million-restoration of the iconic Red Room nearing completion. An interior gem that features a triple height floor-to-ceiling mosaic tiles in red, orange and shimmering gold, the Red Room was an iconic feature of the original building and an ecclesiastical feat executed by mosaicist Hildreth Meière. The conversion is slated to wrap up in 2020.