Seems like an odd location at first thought, being on the narrow Nassau Street pedestrian mall. I'm in the area often (wonder how this will affect the Wendy's), and have a long history there.
But it's suitable for residential development, even once being considered for the 1,050 ft 1 NY Place proposal...
https://www.google.com/url?sa=t&rct=...0scryx5KAvI0Kg
Quote:
Friends of the developer, Trevor Davis, describe him as a visionary for his designs for a building that would be 1,050 feet tall, 4 feet taller than the Chrysler Building, but 200 feet shorter than the Empire State Building, on a block at Broadway and Fulton Street.
Designed by Kohn Pedersen Fox, the $680 million, 1.3-million-square-foot tower would be called 1 New York Place and combine shops on the bottom floors with 679,000 square feet of office space and 68 floors of apartments on top of the offices, on an entire block on Broadway, between Fulton and John Streets.
The Metropolitan Transportation Authority is planning to build a $750 million transit hub in the tunnels below the site, which would link the myriad subway and rail lines that run across Lower Manhattan. If that happens, Mr. Davis said, he could build overhead.
Mr. Davis's partners in the project are Aby Rosen and Michael Fuchs, principals of RFR Holding, a German real estate company.
"Today, everyone is doomsday about downtown," Mr. Rosen said. "You've got to look 10 years ahead."
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We were very excited to get that proposal, having just lost the Twin Towers. It never went anywhere.
Another quote from that old NY Times article shows just how much things have changed since then...
Quote:
Finally, there is a question of whether New Yorkers are still willing to pay a premium to live and work high up in the clouds. Richard A. Grasso, chairman of the New York Stock Exchange, abandoned plans for 50-story tower over a new trading complex, out of fear that the 900-foot-tall tower would be a target.
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This tower, at 800 ft, would be basically the height of the Chase Manhattan, which is nearby...