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New York

Rudin weighs wide array of changes at 55 Broad Street

Proposed mixed-use tower would rise 742 feet

55 Broad Street and Bill Rudin
55 Broad Street and Bill Rudin

Bill Rudin, CEO of Rudin Management, hired architecture firm FXFOWLE to gauge the viability of full-on redeveloping of 55 Broad Street in Lower Manhattan.

Tentative plans call for constructing a 53-story mixed-use property in place of the 35-story office building there now. The site would grow to nearly double the height – 742 feet from 402 feet. In addition to the office component, there would be luxury apartments and retail space.

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Bill’s father, Lew Rudin, developed the property in the 1960s as Goldman Sachs’ headquarters. Investment banking firm Drexel Burnham Lambert then occupied it until going bankrupt in 1990. The building was subsequently vacant for five years, the New York Post reported.

Starbucks bumped its up ground-floor lease by 1,000 square feet last year, as previously reported. [NYP] — Mark Maurer

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Bill RudinRudin Management