161 Water Street

Office building in Manhattan, New York December 2024 161 Water Street 161 Water Street (55313998723).jpg 161 Water Street in 2026 Office New York City United States 1983 685000 ft2 Fox & Fowle 40.70645 -74.005138 dms type:landmark_region:US-NY inline,title 161 Water Street (also referred to as the Water Street Associates Building and formerly referred to as 175 Water Street)Iredale Jessica The Price of Being Cool? A Quarter-Billion Dollars. The New York Times November 29, 2024 https://www.nytimes.com/2024/11/29/style/wsa-building.html December 2, 2024 is an office building in the Financial District of Manhattan in New York City.Florsheim Lane Big Banks Deserted Wall Street. Then the Cool Kids Moved In. https://www.wsj.com/style/wsa-building-financial-district-palm-heights-khalil-5e5adf6b August 4, 2024 The Wall Street Journal August 4, 2024 August 4, 2024 https://web.archive.org/web/20240804155712/https://www.wsj.com/style/wsa-building-financial-district-palm-heights-khalil-5e5adf6b live Quinlan Adriane A Fidi Office Building With a Wait List https://www.curbed.com/article/161-water-street-associates-gabriella-khalil-office-building.html August 4, 2024 Curbed April 17, 2024 en History Three commercial buildings, constructed in the 19th century, previously occupied the site.Riess Warren Curtis Studying the Princess Carolina: Anatomy of the Ship That Held Up Wall Street December 14, 2023 Texas A&M University Press 978-1-64843-111-1 https://books.google.com/books?id=QhXqEAAAQBAJ&dq=%22Princess+Carolina%22+ship+new+york+city&pg=PP8 en August 5, 2024 August 5, 2024 https://web.archive.org/web/20240805191753/https://books.google.com/books?hl=en&lr=&id=QhXqEAAAQBAJ&oi=fnd&pg=PP8&dq=%22Princess+Carolina%22+ship+new+york+city&ots=mVkW6FcqoZ&sig=emyx2eSM5K7bsmxzPpIeV4ua6bA#v=onepage&q=%22Princess%20Carolina%22%20ship%20new%20york%20city&f=false live In 1982, during the course of an archaeological excavation conducted as 161 Water Street was built, an 18th-century ship was discovered.SHIP IS UNEARTHED AT WATER STREET https://www.nytimes.com/1982/02/26/nyregion/ship-is-unearthed-at-water-street.html?searchResultPosition=3 August 5, 2024 The New York Times February 26, 1982 Portions of the ship and other artifacts were sent to the Mariners' Museum in Newport News. 161 Water Street was completed in 1983.Baird-Remba Rebecca Downtown 1980s Office Tower Gets a Fresh Look https://commercialobserver.com/2020/09/downtown-1980s-office-tower-gets-a-fresh-look/ August 4, 2024 Commercial Observer September 28, 2020 August 4, 2024 https://web.archive.org/web/20240804162811/https://commercialobserver.com/2020/09/downtown-1980s-office-tower-gets-a-fresh-look/ live The building was designed by Fox & Fowle.Hu Ray It Follows https://nyra.nyc/skyline/dispatches/it-follows February 2, 2024 August 8, 2024 New York Review of Architecture en Before completion, the entire building was leased to National Westminster Bank.Oser Alan S. DEVELOPMENT RETURNS TO WALL STREET AREA https://www.nytimes.com/1982/08/08/realestate/development-returns-to-wall-street-area.html August 8, 2024 The New York Times August 8, 1982 In 1995, AIG purchased the building from National Westminster Bank.Holusha John Insurer Plans 1,800 New Jobs in Manhattan https://www.nytimes.com/1996/11/12/nyregion/insurer-plans-1800-new-jobs-in-manhattan.html?searchResultPosition=10 August 5, 2024 The New York Times November 12, 1996 The building became AIG's headquarters in 1996, and in 2021 the firm vacated the building for a new headquarters at 1271 Avenue of the Americas.Cunningham Cathy Former AIG HQ at 175 Water Street Sells for $252M https://commercialobserver.com/2022/10/former-aig-hq-at-175-water-street-sells-for-252m/ August 4, 2024 Commercial Observer October 13, 2022 July 14, 2024 https://web.archive.org/web/20240714172204/https://commercialobserver.com/2022/10/former-aig-hq-at-175-water-street-sells-for-252m/ live Metro Loft entered into contract to purchase the building from AIG in 2019.Bockmann Rich FiDi office-to-resi guru Nathan Berman's next big project is AIG's HQ https://therealdeal.com/new-york/2019/08/16/fidi-office-to-resi-guru-nathan-bermans-next-big-project-is-aigs-headquarters/ August 4, 2024 The Real Deal August 16, 2019 en August 4, 2024 https://web.archive.org/web/20240804160402/https://therealdeal.com/new-york/2019/08/16/fidi-office-to-resi-guru-nathan-bermans-next-big-project-is-aigs-headquarters/ live An entity linked to Ken Dart purchased the building from Vanbarton Group in 2022.Bockmann Rich Reclusive billionaire buying former AIG headquarters https://therealdeal.com/new-york/2022/09/19/reclusive-billionaire-buying-former-aig-headquarters/ August 4, 2024 The Real Deal September 19, 2022 en August 4, 2024 https://web.archive.org/web/20240804160338/https://therealdeal.com/new-york/2022/09/19/reclusive-billionaire-buying-former-aig-headquarters/ live Vanbarton sold the building after zoning changes that might have permitted the conversion of the building from an office property to housing did not occur.Badger Emily American Cities Have a Conversion Problem, and It's Not Just Offices https://www.nytimes.com/2023/07/01/upshot/american-cities-office-conversion.html?searchResultPosition=1 August 5, 2024 The New York Times July 1, 2023 August 6, 2024 https://web.archive.org/web/20240806174515/https://www.nytimes.com/2023/07/01/upshot/american-cities-office-conversion.html?searchResultPosition=1 live The owners of the building received a tax break of $41.3 million over a 20 year period in January 2024.Baird-Remba Rebecca NYC Grants $100M Tax Breaks to Struggling Manhattan Office Buildings https://commercialobserver.com/2024/01/nyc-grants-100m-in-tax-breaks-m-core-175-water-street-850-third-avenue-struggling-office-buildings/ August 6, 2024 Commercial Observer January 23, 2024 August 6, 2024 https://web.archive.org/web/20240806174523/https://commercialobserver.com/2024/01/nyc-grants-100m-in-tax-breaks-m-core-175-water-street-850-third-avenue-struggling-office-buildings/ live This tax break was granted through New York City's "M-CORE" program, which provides tax breaks to owners of office buildings with high vacancy rates, freeing funds for renovations.Moses Paul Adams to Grant $100 Million in Tax Breaks for Two Office Building Upgrades https://www.thecity.nyc/2024/01/23/mcore-manhattan-office-building-tax-break/ August 6, 2024 THE CITY – NYC News January 23, 2024 At the time the tax break was granted, 95% of the building's leasable space was empty.Westenhaver David The Daily Dirt: City throws $100M lifeline to sinking office towers https://therealdeal.com/new-york/2024/01/27/100-million-tax-breaks-aims-to-rescue-vacant-towers/ August 8, 2024 The Real Deal January 27, 2024 en Tenants Tenants of the building include fashion brand Bode and Ghia, a beverage company. The building has been used as a site for parties and fashion shows. References Category:Office buildings in Manhattan Category:American International Group Category:Office buildings completed in 1983 Category:Financial District, Manhattan Category:1983 establishments in New York City