The first renderings for Israeli developer Michael Shvo’s new luxury condominium tower planned for 125 Greenwich St. in Manhattan have just been revealed by New York YIMBY. The release of the plans for the $240 million project comes just a week after Shvo revealed the details of how he raised the capital for it through loans and the issuing of equity.
The square glass tower, which is being developed in partnership with David Bizzi’s Bizzi & Partners, will reach 1, 356 feet in height over 77 stories and will have 128 units. That will make it downtown Manhattan’s tallest residential skyscraper, close in height to the soon to be completed One World Trade Center which measures 1, 776 feet. It will actually be only 12 feet below the height of 1WTC’s roof, but that building also has a tall antenna on top of it.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
The tower’s lower levels will be reserved for retail spaces.
It was designed by the famous architect Rafael Vinoly. He is the same architect who designed the smaller 961 foot tower which was planned for the location by Fisher Brothers and Steven Witkoff before they sold it to Shvo.
The new design features only seven additional floors, but much higher ceilings as befitting luxury spaces. Its ceilings will be 13 feet high through the 38th floor, 16 feet on floors 40-65, and 24 feet on the top eleven floors.
There will be 10 full floor penthouses which will each have a total of 5, 300 square feet of space and the top of the building will showcase a 10, 600 square foot duplex.
The designs are subject to change.
Previously known as 22 Thames Street, it is the former site of the old American Stock Exchange.
Shvo and his partners paid $180 million for the location, which means that they intend to spend at least $60 million on construction.