Harry Macklowe’s One Wall Street is finally complete, and the developer is celebrating by releasing images of Residence 3404. Designed by interior designer Guillaume Coutheillas in conjunction with Macklowe himself, the home features art chosen by the legendary developer, as well as furnishings from the Mexican furniture studio Atra. The three-bedroom home, with views of New York Harbor, the Statue of Liberty, and the New York skyline, represents the best of what One Wall Street has to offer, including access to a suite of exclusive amenities, which range from a state-of-the-art fitness center to private meeting rooms and clubs, all of which pay homage to the tower’s art-deco heritage.
One Wall Street has completed the largest office-to-residential conversion of a building in New York City history, the developers announced this week. The project is being celebrated with an unveiling of the building as well as immediate move-in opportunities and closings for residents.
The Daily Beast takes readers on a journey through the history of One Wall Street — from its Gilded Age origins to its current incarnation as home to upscale condos and a much-needed Whole Foods Market. Built on what was, at the time, the “world’s costliest real estate plot,” the Irving Trust Company Building went up during the height of the skyscraper race and stood for decades as a monument to the city’s Art Deco phase. Developer Harry Macklowe led a joint venture to purchase the tower in 2014 and began converting the former bank headquarters into a diverse collection of luxury Financial District condos, which, along with the tower’s retail tenants (including Parisian department store Printemps as well as Whole Foods), are part of the movement to turn Downtown Manhattan from an office district into a thriving residential neighborhood.
The rise of remote work during the pandemic has cut demand for office space and left some American downtowns feeling like ghost towns. As a result, there’s been much talk of converting downtown offices into apartments. This could not only bail out owners of suddenly less-valuable commercial real estate, advocates say, but bring life to emptied-out neighborhoods, passengers to underused transit systems and affordable housing to cities that desperately need it.
An Art Deco office tower that’s been an icon on the Lower Manhattan skyline since 1931 is getting a new life — as $1 million-plus condos. Built as the headquarters of the Irving Trust Company in 1931, One Wall Street is now home to the largest office-to-residential conversion project in New York City history.
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