The Real Deal New York

Landmarks approves Macklowe’s One Wall Street resi conversion

Robert A.M. Stern-designed project will cost $1.5B

January 20, 2016 10:03AM

From left: One Wall Street in the Financial District and a rendering of the building's residential conversion (credit: Robert A.M. Sterns Architects) (inset: Harry Macklowe)

From left: One Wall Street in the Financial District and a rendering of the building’s residential conversion (credit: Robert A.M. Sterns Architects) (inset: Harry Macklowe)

Harry Macklowe’s $1.5 billion residential conversion at One Wall Street won’t be held up by any musty history buffs.

The city’s Landmarks Preservation Commission approved the developer’s plan to build 524 resi units at the building – half condominiums, half rentals – within 848,000-square-feet of residential space, NY YIMBY reported.

The converted building will also have about 95,000-square-feet of retail space, for a total of 944,000 square feet. RKF is marketing that space. Whole Foods is in talks to potentially set up a store there.

Robert A.M. Stern is the designer on the project.

Macklowe bought the building in 2014 for $585 million. He’s seeking $100 million in EB-5 funding to convert part of the cost of the conversion. [NY YIMBY]Ariel Stulberg

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