The Real Deal New York

Harry Macklowe to convert FiDi office tower into apartments

Roughly 800,000 square feet will be devoted to rentals and condos
November 20, 2014 12:30PM

Harry Macklowe is converting an iconic, 50-story Financial District tower into a residential building with a retail component.

The developer is planning to devote 800,000 square feet at the former home of Bank of New York Mellon at 1 Wall Street to rental units and condominiums, according to the New York Daily News. The ground floor will have a 350,000-square-foot retail space.

It’s one of the biggest Downtown conversions in recent years, the newspaper reported.

Macklowe bought the Ralph Walker-designed property at the corner of Broadway and Wall Street earlier this year for $585 million. [NYDN] — Claire Moses