City Planning looks to lease 120k sf at 120 Broadway

Building is credited with spurring city's modern zoning laws

TRD New York /
Dec.December 26, 2014 02:00 PM

The Department of City Planning is eyeing a 120,000-square-foot lease in the building largely credited for the creation of the modern-day zoning laws administered by — yep — the Department of City Planning.

The city is looking to consolidate offices at two separate Lower Manhattan buildings into 120,000 square feet at Silverstein Properties’s120 Broadway, according to an application filed by the Department of Citywide Administrative Services on behalf of City Planning.

Also known as the Equitable Building, the landmarked, 1.8 million-square-foot 120 Broadway was the largest office building in the world upon its completion in 1915. With its 38-story walls that rose straight up from the lot line without setbacks, the building enveloped its neighbors in shadow and incited civic fury that lead to the establishment of the city’s first modern zoning laws.

The City Planning department, headed by Carl Weisbrod, is currently headquartered at 22 Reade Street, where it occupies all of the approximately 99,000-square-foot building.

“The building is under city ownership and is currently in a state of disrepair, with ongoing maintenance issues, including poorly functioning elevators, inconsistent or nonexistent air-conditioning and heat; poor lighting, inferior meeting spaces and an antiquated layout,” the application read.

“Additionally, the City Planning Commission public hearing space is inadequate in size and does not have appropriate lighting and sound conducive for public meetings.”

The department plans to take space in the building’s ground-floor arcade to double that meeting space.

In addition, the DCP’s transportation division is currently off-site at 2 Lafayette Street, and the city is looking to relocate both offices and some 300 personnel to the 30th and 31st floors of 120 Broadway.

Related Articles

120 Broadway and Thornton Tomasetti’s Peter DiMaggio, Tom Scarangello and Michael Squarzini (Credit: Google Maps)

Thornton Tomasetti takes 100K sf at 120 Broadway

Moinian Group CEO Joseph Moinian, and a street view of the new Best Buy location (535 Fifth Avenue, at left) and the old one (529 Fifth Avenue, at right) 

Best Buy signs lease for new store at 535 Fifth

Larry Silverstein (Credit: Getty Images, iStock)

Silverstein’s lending biz could get a boost from the weak luxury condo market

(Credit: iStock)

Some builders upset as voters add red tape to projects

Clockwise from left: 532-542 Union Street and 232 Third Avenue in Gowanus, Tavros' Colin Rankowitz and Avery Hall's Brian Ezra (Credit: Terra CRG, Tavros, Avery Hall)

Gowanus gold rush: Avery Hall, Tavros, Charney buy sites for $55M

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Larry Silverstein and the Tel Aviv Stock Exchange (Credit: Getty Images)

Institutional investors swarm Silverstein’s new TASE bonds

Larry Silverstein and the Tel Aviv Stock Exchange Bull (Credit: Getty Images and Wikipedia)

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering