1 New York Plaza

Office skyscraper in Manhattan, New York September 2025 August 2024 One New York Plaza Complete 1 New York Plaza (55314069874).jpg Viewed from the west in 2026 1 New York Plaza, Manhattan, New York 10004, U.S. yes 40.70214 -74.01175 dms scale:1000_region:US inline,title 1967 1969 Kahn & Jacobs, Lescaze & Associates China Investment Corporation (49%)Brookfield Office Properties (35%)AEW Capital Management (15%) 50 2,556,000 sqft m2 Office Modernist 2014 640 ft m 45 Aaron Garfinkel & Associates George A. Fuller Company 1 New York Plaza 1970 Atlas-McGrath Brookfield Office Properties https://www.onenewyorkplaza.info/ 1 New York Place 1 New York Plaza is an office building in the Financial District of Manhattan in New York City, at the intersection of South and Whitehall Streets near South Ferry. The building, measuring 640 ft m tall with 50 floors, is the southernmost skyscraper in Lower Manhattan. It was designed by William Lescaze & Assocs. and Kahn & Jacobs, and developed by Sol Atlas and John P. McGrath.Sol Atlas Dies; Build was 66 The New York Times July 31, 1973 https://www.nytimes.com/1973/07/31/archives/sol-atlas-dies-builder-was-66-expert-on-shopping-centers-also.html March 29, 2019 March 29, 2019 https://web.archive.org/web/20190329170501/https://www.nytimes.com/1973/07/31/archives/sol-atlas-dies-builder-was-66-expert-on-shopping-centers-also.html live The facade was designed by Nevio Maggiora, consisting of a boxlike "beehive" pattern with the windows recessed within, made of aluminum-clad wall elements resembling a type of thermally activated elevator button popular at the time of construction.Europe meets America : William Lescaze, architect of modern housing Gaia Caramellino 2016 Cambridge Scholars Publishing 956992385 There is a 40,000 ft2 m2 on retail concourse on the lower level.http://brookfieldofficeproperties.com/us/new-york/one-new-york-plaza One New York Plaza in New York – New York Brookfield Office Properties February 25, 2014 https://web.archive.org/web/20131120033233/http://www.brookfieldofficeproperties.com/us/new-york/one-new-york-plaza November 20, 2013 dead History Construction and early years In 1959, the City of New York attempted to acquire the land under this development through eminent domain as part of the Battery Park Urban Renewal Area. The plan involved consolidating several blocks into a "superblock" for public housing. When that plan fell through, the city hoped to entice the New York Stock Exchange to relocate to the property. However, the owner of the property—the firm of Atlas McGrath—successfully sued to retain their land, claiming they were more than willing to develop the site privately.http://www.nyc-architecture.com/LM/LM024-ONENEWYORKPLAZA.htm New York Architecture Images-ONE NEW YORK PLAZA Nyc-architecture.com February 25, 2014 October 19, 2019 https://web.archive.org/web/20191019011327/http://www.nyc-architecture.com/LM/LM024-ONENEWYORKPLAZA.htm usurped Shortly after groundbreaking, Chase Manhattan Bank signed a 30-year, $200 million lease for 1.062 e6sqft m2 of space across 22 floors in the building.https://timesmachine.nytimes.com/timesmachine/1967/03/14/90292015.pdf Chase Bank Sets Record Here In Signing $200-Million Lease March 14, 1967 Fowler Glenn The New York Times February 6, 2019 July 31, 2022 https://web.archive.org/web/20220731012107/https://timesmachine.nytimes.com/timesmachine/1967/03/14/90292015.html?pdf_redirect=true&site=false live Investment bank Salomon Brothers was another early tenant, moving into the building in 1970.https://www.nytimes.com/1970/07/28/archives/offices-changed-by-salomon-bros-new-8million-quarters-full-of-data.html Offices Changed By Salomon Bros. July 28, 1970 The New York Times February 6, 2019 July 31, 2022 https://web.archive.org/web/20220731012107/https://www.nytimes.com/1970/07/28/archives/offices-changed-by-salomon-bros-new-8million-quarters-full-of-data.html live On August 5, 1970, the building suffered a fire in which two people were killed and 35 injured. The cause of the fire was a faulty computer connection across from the office of the Townsend-Greenspan firm, which Alan Greenspan owned.Mallaby Sebastian The Man Who Knew: The Life and Times of Alan Greenspan New York Penguin Press 2016 9781594204845 136–137 The deaths were caused after an occupied elevator was "summoned" to the burning floor when one of the thermally-activated call buttons—designed to react to a warm finger tapping it—reacted instead to the heat of the fire on that floor.Lipton Eric Eric Lipton Glanz James James Glanz April 2, 2002 U.S. Report on Trade Center Echoes Lessons of Past Disasters https://www.nytimes.com/2002/04/02/nyregion/02TOWE.html The New York Times July 20, 2015 July 23, 2015 https://web.archive.org/web/20150723224841/http://www.nytimes.com/2002/04/02/nyregion/02TOWE.html live Insurance brokerage Thomson & McKinnon Auchincloss Kohlmeyer signed a lease for 115,000 sqft m2 on the building's 47th through 49th floors in February 1975.https://www.nytimes.com/1975/02/16/archives/news-of-the-realty-trade-25million-lease-signed.html News of the Realty Trade February 16, 1975 The New York Times February 6, 2019 February 7, 2019 https://web.archive.org/web/20190207020931/https://www.nytimes.com/1975/02/16/archives/news-of-the-realty-trade-25million-lease-signed.html live At the time, the building was reportedly 95% occupied. In March 1978, investment bank First Boston signed a lease for 191,000 sqft m2 in the building, relocating from nearby 20 Exchange Place.First Boston Corp. To Expand Offices March 28, 1978 https://www.nytimes.com/1978/03/28/archives/first-boston-corp-to-expand-offices-signs-lease-to-occupy-five.html Oser Alan The New York Times February 6, 2019 November 3, 2020 https://web.archive.org/web/20201103210749/https://www.nytimes.com/1978/03/28/archives/first-boston-corp-to-expand-offices-signs-lease-to-occupy-five.html live Chase ownership thumb|South and east facades In 1989, Chase purchased the building for $140 million. However, in 1991 Chase moved much of its staff from the building to MetroTech Center in Downtown Brooklyn and Salomon Brothers left for 7 World Trade Center. With the additional loss of Thomson & McKinnon, which had declared bankruptcy, 1.7 e6sqft m2 of the building were vacant.https://www.nytimes.com/1991/06/23/realestate/commercial-property-renovations-primping-up-at-a-time-when-the-best-goes-begging.html Commercial Property: Renovations; Primping Up at a Time When the Best Goes Begging The New York Times June 23, 1991 Dunlap David February 6, 2019 February 7, 2019 https://web.archive.org/web/20190207020830/https://www.nytimes.com/1991/06/23/realestate/commercial-property-renovations-primping-up-at-a-time-when-the-best-goes-begging.html live Chase renovated the building in the early 1990s, spending $50 million to improve the lobby, elevator cabs and plaza and an additional $50 million on asbestos removal.https://www.nytimes.com/1992/08/23/realestate/perspectives-wall-street-leasing-cooling-a-securities-firm-s-wanderlust.html Perspectives: Wall Street Leasing; Cooling a Securities Firm's Wanderlust Oser Alan August 23, 1992 The New York Times February 6, 2019 February 7, 2019 https://web.archive.org/web/20190207020827/https://www.nytimes.com/1992/08/23/realestate/perspectives-wall-street-leasing-cooling-a-securities-firm-s-wanderlust.html live Shortly afterward, Prudential Securities signed a lease for over 1 e6sqft m2 of space in the building. The company received at least $106 million in tax breaks and incentives for the move and invested over $147 million in the space to build a data center, trading floor and special generators to ensure power to the building. Two years later, in 1994, Prudential expanded by leasing another 145,000 sqft m2 in the building.Real Estate; Prudential Securities and the Fried, Frank Law Firm Expand at One New York Plaza in Manhattan https://www.nytimes.com/1994/10/19/business/real-estate-prudential-securities-and-the-fried-frank-law-firm.html The New York Times October 19, 1994 Slatin Peter February 6, 2019 July 31, 2022 https://web.archive.org/web/20220731012106/https://www.nytimes.com/1994/10/19/business/real-estate-prudential-securities-and-the-fried-frank-law-firm.html live The same year, Goldman Sachs leased 425,000 sqft m2 of space in the building.https://www.nytimes.com/1994/04/08/nyregion/goldman-sachs-signs-major-new-lease.html Goldman Sachs Signs Major New Lease April 8, 1994 The New York Times Lueck Thomas February 6, 2019 July 31, 2022 https://web.archive.org/web/20220731012107/https://www.nytimes.com/1994/04/08/nyregion/goldman-sachs-signs-major-new-lease.html live Trizec Properties ownership In 1999, Canadian real estate company Trizec Properties purchased the building for $390 million from Chase Manhattan Bank.https://www.nytimes.com/1999/03/17/nyregion/commercial-real-estate-purchase-one-new-york-plaza-reflects-toronto-company-s.html Commercial Real Estate; Purchase of One New York Plaza Reflects Toronto Company's Role Oser Alan March 17, 1999 The New York Times February 6, 2019 July 31, 2022 https://web.archive.org/web/20220731012107/https://www.nytimes.com/1999/03/17/nyregion/commercial-real-estate-purchase-one-new-york-plaza-reflects-toronto-company-s.html live One New York Plaza's air-conditioning chiller depends on Con Ed's New York City steam system.One New York Plaza Building Specifications Brookfield Properties March 29, 2011 http://www.brookfieldofficeproperties.com/_Global/25/documents/relatedlinks/1854.pdf https://web.archive.org/web/20120317060424/http://www.brookfieldofficeproperties.com/_Global/25/documents/relatedlinks/1854.pdf March 17, 2012 dead On August 11, 2001, a steam turbine failed in the basement, and the damage from the resulting explosion disrupted Goldman's market-making NASDAQ activities for the day. In 2003, Prudential Securities was acquired by Wachovia causing the combined company to offer all 1.3 e6sqft m2 of its space in the building for sublease.https://nypost.com/2003/11/04/wach-pru-deal-whacks-market/ Wach-Pru Deal Whacks Market New York Post November 4, 2003 May 14, 2019 Cuozzo Steve May 14, 2019 https://web.archive.org/web/20190514202407/https://nypost.com/2003/11/04/wach-pru-deal-whacks-market/ live Morgan Stanley signed a lease for 648,000 sqft m2 of Prudential's former office space in June 2005. The company committed to moving 2,300 employees to the building and received $11 million in tax incentives from New York State. Around the same time, the law firm Fried Frank renewed their 380,000 sqft m2 space on the building's 22nd–30th floors.https://nypost.com/2005/02/22/fried-frank-sticks-with-n-y-plaza/ Fried Frank Sticks With N.Y. Plaza February 22, 2005 May 14, 2019 Cuozzo Steve New York Post July 31, 2022 https://web.archive.org/web/20220731012107/https://nypost.com/2005/02/22/fried-frank-sticks-with-n-y-plaza/ live Lehman Brothers and Goldman Sachs provided a $400 million commercial mortgage-backed security mortgage on the building in 2006.https://therealdeal.com/2016/03/17/brookfield-refinances-one-new-york-plaza-with-750m-wells-fargo-loan/ Brookfield refinances One New York Plaza with $750M Wells Fargo loan March 17, 2016 May 14, 2019 The Real Deal Putzier Konrad July 31, 2022 https://web.archive.org/web/20220731012107/https://therealdeal.com/2016/03/17/brookfield-refinances-one-new-york-plaza-with-750m-wells-fargo-loan/ live That same year, Brookfield Office Properties acquired Trizec Properties, becoming the new owners of 1 New York Plaza. In April 2012, Morgan Stanley expanded to 1.153 e6sqft m2 of space in a lease that runs through 2029. The new space was formerly occupied by Goldman Sachs until it consolidated into the recently completed 200 West Street in 2011. After the expansion, the building was about 85% occupied.Bloomberg https://www.bloomberg.com/news/articles/2012-04-17/morgan-stanley-signs-lease-to-expand-at-1-new-york-plaza-tower April 17, 2012 Moore Michael Levitt David Morgan Stanley to Expand at Manhattan's 1 New York Plaza May 14, 2019 Hurricane Sandy and recent history In October 2012, the building was heavily damaged by Hurricane Sandy when an estimated 28 e6usgal kl of water flooded the lower levels of the building. The retail concourse was submerged and needed to be completely gut-renovated. Office tenants were allowed to return starting November 17, 2012, and the retail concourse reopened in the winter of 2014.http://commercialobserver.com/2014/06/brookfield-secures-retro-fitness-as-1-new-york-plaza-tenant/ Brookfield Secures Retro Fitness as 1 New York Plaza Tenant Commercial Observer June 5, 2014 March 17, 2015 Henderson Jennifer April 2, 2015 https://web.archive.org/web/20150402151902/http://commercialobserver.com/2014/06/brookfield-secures-retro-fitness-as-1-new-york-plaza-tenant/ live In March 2014, the National Association of Insurance Commissioners moved their headquarters to a 19,218 sqft m2 space on the building's 42nd floor.https://commercialobserver.com/2014/03/naic-follows-revlon-to-1-new-york-plaza/ NAIC Follows Revlon to 1 New York Plaza Delaporte Gus Commercial Observer March 6, 2014 May 14, 2019 July 31, 2022 https://web.archive.org/web/20220731012108/https://commercialobserver.com/2014/03/naic-follows-revlon-to-1-new-york-plaza/ live Around the same time, Revlon moved into 91,164 sqft m2 on the top two floors of the building that had previously served as Goldman Sachs' trading floors.https://nypost.com/2014/03/04/revlon-says-so-long-to-midtown-hello-to-one-new-york-plaza/ Revlon says so long to Midtown, hello to One New York Plaza New York Post March 4, 2014 Weiss Lois May 14, 2019 December 1, 2017 https://web.archive.org/web/20171201032744/https://nypost.com/2014/03/04/revlon-says-so-long-to-midtown-hello-to-one-new-york-plaza/ live The same year, architectural design firm Davis Brody Bond also moved into 26,354 sqft m2 on the 42nd floor, the National Futures Association took 36,000 sqft m2 on the 43rd floor, and WellCare signed a lease for 68,323 sqft m2.https://commercialobserver.com/2014/01/david-brody-bond-inks-at-1-new-york-plaza/ Davis Brody Bond Inks at 1 New York Plaza Ewing Michael Commercial Observer January 3, 2014 May 14, 2019 May 14, 2019 https://web.archive.org/web/20190514202410/https://commercialobserver.com/2014/01/david-brody-bond-inks-at-1-new-york-plaza/ livehttps://nypost.com/2014/10/28/sloan-kettering-complex-ailing/ Sloan Kettering complex ailing – Brookfield 99 percent leased New York Post October 28, 2014 May 14, 2019 Cuozzo Steve May 14, 2019 https://web.archive.org/web/20190514202409/https://nypost.com/2014/10/28/sloan-kettering-complex-ailing/ live Macmillan Publishers signed the largest deal of the year at the building, taking 176,121 sqft m2 across the 45th through 48th floors for their Science and Education division.https://commercialobserver.com/2014/05/macmillan-tops-biggest-leases-for-1q-in-lower-manhattan/ Macmillan Tops Biggest Leases for 1Q in Lower Manhattan Elkies Schram Lauren Commercial Observer May 5, 2014 May 14, 2019 May 14, 2019 https://web.archive.org/web/20190514202412/https://commercialobserver.com/2014/05/macmillan-tops-biggest-leases-for-1q-in-lower-manhattan/ live After the flurry of deals, the building ended the year 99% occupied. The building's retail concourse reopened in the winter of 2015 after a three year, $14 million redesign.Barbarino Al http://commercialobserver.com/2012/12/one-new-york-plaza-retail-space-razed-and-to-be-rebuilt-post-sandy/ One New York Plaza Retail Concourse to Be Rebuilt After Post-Sandy Flooding Commercial Observer January 11, 2013 February 25, 2014 September 18, 2013 https://web.archive.org/web/20130918050040/http://commercialobserver.com/2012/12/one-new-york-plaza-retail-space-razed-and-to-be-rebuilt-post-sandy/ live New tenants in the space included Starbucks, Chipotle Mexican Grill, Chopt, and Gateway Newstands.1 New York Plaza Scores Five New Retail Concourse Tenants [Updated] https://commercialobserver.com/2014/07/1-new-york-plaza-scores-five-new-retail-concourse-tenants/ Commercial Observer Elkies Schram Lauren July 29, 2014 May 14, 2019 May 14, 2019 https://web.archive.org/web/20190514202415/https://commercialobserver.com/2014/07/1-new-york-plaza-scores-five-new-retail-concourse-tenants/ live In March 2016, Wells Fargo provided a $750 million mortgage on the building. Two months later, the China Investment Corporation (CIC), a sovereign wealth fund, paid $700 million for a 49% stake in the building from Brookfield, valuing the property at over $1.4 billion.https://therealdeal.com/2016/05/23/china-investment-corp-buys-700m-minority-stake-in-1-ny-plaza/ China Investment Corp. buys $700M stake in 1 NY Plaza The Real Deal May 23, 2016 May 14, 2019 May 14, 2019 https://web.archive.org/web/20190514202406/https://therealdeal.com/2016/05/23/china-investment-corp-buys-700m-minority-stake-in-1-ny-plaza/ liveMay 23, 2016 Chinese fund is the buyer of a stake in a downtown office tower owned by Brookfield https://www.crainsnewyork.com/article/20160523/REAL_ESTATE/160529953/brookfield-sells-stake-in-1-new-york-plaza-to-china-investment-corp Daniel Geiger January 16, 2023 Crain's New York Business At the end of the year, AEW Capital Management acquired a roughly 15% stake from Brookfield for $232.2 million at the same $1.4 billion valuation.https://therealdeal.com/2016/12/29/aew-capital-buys-stake-in-brookfields-1-ny-plaza-for-223m/ AEW Capital buys stake in Brookfield's 1 NY Plaza for $223M December 29, 2016 May 14, 2019 Maurer Mark The Real Deal May 14, 2019 https://web.archive.org/web/20190514202410/https://therealdeal.com/2016/12/29/aew-capital-buys-stake-in-brookfields-1-ny-plaza-for-223m/ liveWilliams Champaign December 29, 2016 AEW Grabs Minority Stake In One New York Plaza For $223M https://www.bisnow.com/new-york/news/office/aew-grabs-minority-stake-in-one-new-york-plaza-for-223m-69313 registration January 16, 2023 Bisnow live https://web.archive.org/web/20191115114310/https://www.bisnow.com/new-york/news/office/aew-grabs-minority-stake-in-one-new-york-plaza-for-223m-69313 November 15, 2019 Brookfield refinanced the building in December 2020 with a $835 million mortgage from BMO Harris Bank, Goldman Sachs, and Wells Fargo, replacing Wells Fargo's earlier mortgage.Manrodt Alexis December 21, 2020 Brookfield Refinances One New York Plaza with $835M Loan https://therealdeal.com/2020/12/21/brookfield-lands-835m-refi-for-one-new-york-plaza/ January 16, 2023 The Real Deal New York live https://web.archive.org/web/20230116184642/https://therealdeal.com/2020/12/21/brookfield-lands-835m-refi-for-one-new-york-plaza/ January 16, 2023 In April 2022, Brookfield and CIC placed One New York Plaza for sale,Moynihan Dan April 19, 2022 Brookfield, China Investment Put One New York Plaza in Manhattan on Sales Block https://crenews.com/2022/04/19/brookfield-china-investment-put-one-new-york-plaza-in-manhattan-on-sales-block/ January 16, 2023 Commercial Real Estate DirectLarsen Keith April 19, 2022 Brookfield Is Selling One New York Plaza, Its 50-Story FiDi Office Tower https://therealdeal.com/2022/04/18/brookfield-puts-one-new-york-plaza-on-the-market/ January 16, 2023 The Real Deal New York en-US live https://web.archive.org/web/20230116184643/https://therealdeal.com/2022/04/18/brookfield-puts-one-new-york-plaza-on-the-market/ January 16, 2023 amid declining demand for office space in New York City.June 7, 2022 Waiting for a major trophy office building to trade on the Lower Manhattan waterfront https://www.crainsnewyork.com/who-owns-block/waiting-major-trophy-office-building-trade-lower-manhattan-waterfront C. J. Hughes January 16, 2023 Crain's New York Business The building's co-owners withdrew their offer to sell the building in January 2023.Larsen Keith Brookfield Pulls Listing on One New York Plaza Tower The Real Deal New York January 3, 2023 https://therealdeal.com/2023/01/03/brookfield-china-investment-pull-listing-of-one-new-york-plaza-tower/ January 16, 2023 live https://web.archive.org/web/20230116184641/https://therealdeal.com/2023/01/03/brookfield-china-investment-pull-listing-of-one-new-york-plaza-tower/ January 16, 2023 Tenants Notable former occupants of One New York Plaza include Salomon Brothers and Goldman Sachs. Current tenants are Fried, Frank, Harris, Shriver & JacobsonBurst Pipes Halt Goldman's Nasdaq Trading Fox News.com https://www.foxnews.com/story/burst-pipes-halt-goldmans-nasdaq-trading August 13, 2001 July 2, 2007 August 13, 2009 https://web.archive.org/web/20090813114523/http://www.foxnews.com/story/0,2933,32005,00.html live Morgan Stanley,Morgan Stanley to Move 2,300 Employees Downtown LowerManhattan.info 2005 http://www.lowermanhattan.info/news/morgan_stanley_to_move_52052.aspx July 11, 2008 https://web.archive.org/web/20091028030602/http://www.lowermanhattan.info/news/morgan_stanley_to_move_52052.aspx October 28, 2009 dead Nature Publishing Group,New NYC Space for Macmillan Unit http://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/61580-new-nyc-space-for-macmillan-science-and-education.html Publishers Weekly March 25, 2014 October 26, 2015 November 14, 2018 https://web.archive.org/web/20181114010808/https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/61580-new-nyc-space-for-macmillan-science-and-education.html live and Revlon. See also 2 New York Plaza List of tallest buildings in New York City References External links https://www.brookfieldproperties.com/portfolio/new-york/downtown-ny/one-new-york-plaza/ Wired New York: The 1 NY Plaza New York Architecture Images-ONE NEW YORK PLAZA Category:1969 establishments in New York City Category:Brookfield Properties buildings Category:Financial District, Manhattan Category:Office buildings completed in 1969 Category:Skyscraper office buildings in Manhattan