1 Wall Street

Residential skyscraper in Manhattan, New York 1 Wall Street Court; Wall Street 1 (film); Wallstreet 1 (computer); or 48 Wall Street, also known as the Bank of New York Building November 2024 April 2025 1 Wall Street 1 Wall Street logo.svg 160 1 Wall Street panoramic.jpg 1 Wall Street, a limestone-clad skyscraper, as seen from the east in 2010 Seen from the east in 2010 Manhattan, New York United States yes 40 42 26 N 74 00 42 W type:landmark_region:US-NY inline,title 1929 (original building)1963 (annex) 1931 (original building)1965 (annex) 2018–2023 Ralph Walker Macklowe Properties 1,165,645 ft2 m2 52The official figure of 50 floors excludes two extra dormer floors on the roof. 50 Mixed use (residential and commercial) Art Deco 654 ft m 41 Marc Eidlitz March 24, 1931 Irving Trust https://onewallstreet.com/ yes NYCL 2029 March 13, 2001Kurshan 2001 . 1 Designated entity Original building: exterior NYCL 2679Buckley 2024 . 1 June 25, 2024 Designated entity Red Room: interior NRHP-CP Wall Street Historic District 07000063 February 20, 2007 1 Wall Street (also known as the Irving Trust Company Building, the Bank of New York Building, and the BNY Mellon Building) is a 654 ft m -tall mid Art Deco skyscraper in the Financial District of Lower Manhattan, New York City, United States. The building, which occupies a full city block, consists of two sections. The original 50-story building was designed by Ralph Thomas Walker of the firm Voorhees, Gmelin and Walker and constructed between 1929 and 1931 for Irving Trust, an early-20th-century American bank. A 28-story annex to the south (later expanded to 36 stories) was designed by the successor firm Voorhees, Walker, Smith, Smith & Haines and built between 1963 and 1965. The limestone facade consists of slight inwardly-curved bays with fluting to resemble curtains. On the lower stories are narrow windows and elaborate entrances. The massing of 1 Wall Street incorporates numerous small setbacks, and there are chamfers at the corners of the original building. The top of the original building consists of a freestanding tower with fluted windowless bays. The facade of the annex is crafted in a style reminiscent of the original structure. The original building has an ornate lobby, known as the Red Room, with colored mosaics. The 10th through 45th floors were originally rented to tenants, while the other floors contained offices, lounges, and other spaces for Irving Trust. At the time of its construction, 1 Wall Street occupied what was one of the most valuable plots in the city. The building replaced three previous structures, including the Manhattan Life Insurance Building, which was once the world's tallest building. After Irving Trust was acquired by the Bank of New York (BNY) in 1988, 1 Wall Street served as the global headquarters of BNY and its successor BNY Mellon through 2015. After the developer Harry Macklowe purchased the building, he renovated it from 2018 to 2023, converting the interior into 566 condominium apartments with some commercial space. Sales of the condo units have been sluggish for Macklowe. The building is one of New York City's Art Deco landmarks, although architectural critics initially ignored it in favor of such buildings as the Empire State Building and the Chrysler Building. The exterior of the building's original section was designated as a city landmark in 2001, and the Red Room was similarly designated in 2024. In addition, the structure is a contributing property to the Wall Street Historic District, a National Register of Historic Places district created in 2007. Site 1 Wall Street occupies an entire city block in the Financial District of Lower Manhattan in New York City, United States. The site is bounded by Broadway to the west, Wall Street to the north, New Street to the east, and Exchange Place to the south. 1 Wall Street is adjacent to the Adams Express Building, 65 Broadway, the Empire Building, Trinity Church, and Trinity Church's churchyard to the west; the American Surety Company Building to the north; 14 Wall Street to the northeast; the New York Stock Exchange Building to the east; and 52 Broadway to the south.NYCityMap http://maps.nyc.gov/ NYC.gov New York City Department of Information Technology and Telecommunications March 20, 2020 Entrances to the New York City Subway's Wall Street station, served by the Lexington south, are adjacent to the building.Lower Manhattan Because of the curves in the facade, the original structure does not completely occupy its full land lot; instead, 180 ft2 is used as a sidewalk. At the chamfered corners of the building, the facade is recessed as much as 7.5 ft from the lot line. Under municipal law, any private land that was adjacent to public property (but not clearly marked as such) would eventually revert to the government of New York City.Robins 2017 18 . Consequently, when 1 Wall Street was built, its main occupant Irving Trust embedded small metal plaques to delineate the boundaries of its lot,October 7, 1930 Adds to Sidewalk Space; But Irving Trust Company Reserves Right to Wall Street Corners. en-US The New York Times https://www.nytimes.com/1930/10/07/archives/adds-to-sidewalk-space-but-irving-trust-company-reserves-right-to.html June 2, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604224453/https://www.nytimes.com/1930/10/07/archives/adds-to-sidewalk-space-but-irving-trust-company-reserves-right-to.html liveOctober 8, 1930 Public Wins Free Strolls On Private Wall St. Walk https://fultonhistory.com/highlighter/highlight-for-xml?altUrl=https%3A%2F%2Ffultonhistory.com%2FNewspaper%252011%2FNew%2520York%2520Evening%2520Post%2FNew%2520York%2520NY%2520Evening%2520Post%25201930%2520Grayscale%2FNew%2520York%2520NY%2520Evening%2520Post%25201930%2520Grayscale%2520-%25207026.pdf June 4, 2020 New York Evening Post 7 fultonhistory.com April 4, 2022 https://web.archive.org/web/20220404184347/https://fultonhistory.com/Newspaper%2011/New%20York%20Evening%20Post/New%20York%20NY%20Evening%20Post%201930%20Grayscale/New%20York%20NY%20Evening%20Post%201930%20Grayscale%20-%207026.pdf liveMarch 16, 1931 Irving Trust Co. Moves March 23: Will Occupy 18 Floors at One Wall Street—new Building 85% Rented 15 The Wall Street Journal 0099-9660 130884599 thereby preventing the city government from seizing the land. Architecture The original building was designed by Ralph Walker of the Voorhees, Gmelin and Walker in the Art Deco style. The annex was designed by Voorhees, Gmelin and Walker's successor firm Voorhees, Walker, Smith, Smith & Haines.Kurshan 2001 . 6 Everett Meeks, the dean of the Yale School of Art, was the original building's design consultant.Abramson 2001 . 136–137 The original building reaches 50 stories and stands 654 ft tall;Bank of New York Building https://www.emporis.com/buildings/114108/bank-of-new-york-building-new-york-city-ny-usa May 1, 2020 Emporis May 17, 2007 https://web.archive.org/web/20070517001224/http://www.emporis.com/en/wm/bu/?id=bankofnewyorkbuilding-newyorkcity-ny-usa usurpedNash Eric Manhattan Skyscrapers https://archive.org/details/manhattanskyscra00nash_0 registration Princeton Architectural Press 2005 978-1-56898-652-4 89 One Wall Street (Originally Irving Trust Company Building) 407907000 Abramson 2001 . 62 the Council on Vertical Urbanism gives a conflicting value of 663 ft. The southern annex was originally 28 stories tall with a height of about 391 ft,One Wall Street Annex – The Skyscraper Center The Skyscraper Center April 7, 2016 https://www.skyscrapercenter.com/building/one-wall-street-annex/33400 June 10, 2020 June 10, 2020 https://web.archive.org/web/20200610230316/https://www.skyscrapercenter.com/building/one-wall-street-annex/33400 live but it was expanded in 2019 to 36 stories. SLCE Architects designed the building's residential conversion in the late 2010s and early 2020s, including the addition to the southern annex.Horn Franziska One Wall Street: The biggest transformation in NYC's history https://www.stylepark.com/en/news/one-wall-street-harry-macklowe-nyc-stylepark November 7, 2024 Stylepark Dormer structures of up to two stories are located on the tops of both sections.April 20, 2018 Zoning Diagram; Premises: 60 Broadway Manhattan http://a810-bisweb.nyc.gov/bisweb/BScanJobDocumentServlet?requestid=4&passjobnumber=121190086&passdocnumber=01&allbin=1000815&scancode=ES148749980 June 1, 2020 New York City Department of Buildings September 1, 2020 https://web.archive.org/web/20200901100951/http://a810-bisweb.nyc.gov/bisweb/BScanJobDocumentServlet?requestid=4&passjobnumber=121190086&passdocnumber=01&allbin=1000815&scancode=ES148749980 live Although author Daniel Abramson said 1 Wall Street was "Art Deco in many respects",Abramson 2001 . 107 historian Anthony Robins characterized the building as being "Gothic Modern—a skyscraper reflection of Trinity Church".Robins 2017 17 . Walker had designed other Art Deco buildings in the New York City area, mainly telecommunications structures. These included the Barclay–Vesey Building (1927), New Jersey Bell Headquarters Building (1929), 60 Hudson Street (1930), and 32 Avenue of the Americas (1932), as well as telephone buildings in upstate New York.Kurshan 2001 . 4 Architectural writer Robert A. M. Stern characterized 1 Wall Street as "Walker's only completed skyscraper".Stern Gilmartin Mellins 1987 . 567–568 Form and facade 1 Wall Street's facade is made primarily of limestone.Kurshan 2001 . 5Lopate Phillip April 21, 1991 Architecture View; The Man Behind Manhattan's Deco Mountains en-US The New York Times https://www.nytimes.com/1991/04/21/archives/architecture-view-the-man-behind-manhattans-deco-mountains.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195103/https://www.nytimes.com/1991/04/21/archives/architecture-view-the-man-behind-manhattans-deco-mountains.html liveAbramson 2001 . 108 This contrasts with the brick facades of Walker's telecommunications buildings, the use of which was likely influenced by Dutch and German Expressionism.. Robinson 1975 77 At the time of 1 Wall Street's construction, limestone was a relatively expensive material and was rarely used for a building's entire facade, with cheaper brick being used instead.Stichweh Dirk New York Skyscrapers Prestel Publishing 2016 978-3-7913-8226-5 19 923852487 1 Wall Street also contains numerous setbacks on its exterior. Though setbacks in New York City skyscrapers were mandated by the 1916 Zoning Resolution to allow light and air to reach the streets below,Willis Carol March 1986 Zoning and "Zeitgeist": The Skyscraper City in the 1920s Journal of the Society of Architectural Historians 45 1 47–59 10.2307/990128 990128 they later became a defining feature of the Art Deco style.https://www.npr.org/templates/story/story.php?storyId=1139624 Salvaging Landmark Buildings Near Ground Zero Weekend Edition Sunday National Public Radio (NPR) March 10, 2002 March 14, 2020 https://web.archive.org/web/20170113094910/http://www.npr.org/templates/story/story.php?storyId=1139624 January 13, 2017 live The facade has uninterrupted vertical piers, similar to other Art Deco buildings. Although the piers emphasize the building's height, Walker said this effect was not the main goal of his design. Original building thumb|left|upright|Entrance to the original portion of 1 Wall Street|alt=A tall arch at the entrance to 1 Wall Street. Within the arch is a bronze door frame with two sets of doors.The original 1931 building is on the northern portion of the site. The first twenty stories occupy almost the entire site. The building has a series of small setbacks starting at the 21st storyAbramson 2001 . 57 and continuing until the 35th story, above which a slender tower rises. The setbacks on the Broadway and Wall Street elevations alternate with each other. The southern portion of the original building rises as high as a dormer on the 37th floor; the 36th floor is the highest that also connects to the annex. The original structure measures 179 ft on Broadway by 102 ft on Wall Street.May 3, 1928 Banking World Engaged in Struggle for Control https://www.newspapers.com/clip/52647510/ live https://web.archive.org/web/20220404184410/https://www.newspapers.com/clip/52647510/banking-world-engaged-in-struggle-for/ April 4, 2022 June 2, 2020 Brooklyn Standard Union 13 newspapers.comKurshan 2001 . 3 The tower stories, from the 37th to the 48th floors, measure 60 by 80 ft each. The top two stories constituted an executive penthouse.Abramson 2001 . 57, 62 Walker's design emphasized the decorative details of the building's facade; by contrast, other early-20th-century skyscrapers in Lower Manhattan had emphasized the massing. The facade includes indented vertical bays with fluting, which are arranged like curtains, although the facade could also resemble a cliff-like natural shape from different angles. Walker said the building would "have 200 thousand people looking at it from all sides" in a single year, including workers and pedestrians, and he wanted them to have "mental relief and pleasure" when viewing it.Walker 1930 . 694 (PDF p. 72)Abramson 2001 . 109 Walker also said he "tried to superimpose one rhythm upon a basic rhythm"; as such, he treated the facade as a series of "rhythmic motifs" in different sizes.Walker 1930 . 695 (PDF p. 73) The resulting concave bays were angled inward at a pitch of 1:9. Each of the bays is separated by curved, projecting piers that rise to each setback.Kurshan 2001 . 6–7 Several piers also have vertical incisions for emphasis.Kurshan 2001 . 7 The windows of the original building contained custom curved frames to fit into the facade, which added $40,000 to the construction cost.About $US-GDP 1931 40000 c -3 in US-GDPUS-GDP lower-alpha The base of the original building is composed of the lowest three stories. The section of the base along Wall Street is eight bays wide, with a double-width entrance in the middle of the Wall Street facade, which is reached by a short flight of stairs and leads to the main lobby. The entryway is framed by a jagged portal. The sections of the base on Broadway and New Street are seventeen bays wide. On the New Street elevation, the name "Voorhees, Gmelin & Walker" is printed in cursive script.Robins 2017 19 . There is an exposed granite basement on New Street with a service entrance.Kurshan 2001 . 8 On the upper floors, each of the bays has a single sash window on each floor. The northwestern and northeastern corners of the building are both chamfered, which respectively connect the western and eastern elevations of the facade with the northern elevation. Annex upright|alt=An entrance to 1 Wall Street's annex, with a glass canopy over it. The entrance is reserved for the building's residents; the general public cannot use it.|thumb|Resident-only entrance in the annex The southern annex, completed in 1965, is also mostly made of limestone. On the New Street side, there are setbacks above the 5th and 10th floors; the building then rises as a slender slab with setbacks on the 29th, 34th, and 35th floors. Along Broadway, the facade of the annex was originally recessed behind that of the original building by two bays. In 2018, a glass-clad entrance to the retail space was constructed in front of the annex.Plitt Amy March 21, 2019 Art Deco Landmark One Wall Street Prepares for Its Condo Transformation https://ny.curbed.com/2019/3/21/18273685/one-wall-street-new-york-macklowe-properties https://web.archive.org/web/20200726055230/https://ny.curbed.com/2019/3/21/18273685/one-wall-street-new-york-macklowe-properties July 26, 2020 June 2, 2020 Curbed NYLane Matthew March 13, 2020 Destination Downtown – What Does New York's One Wall Street Offer? https://www.propertyinvestortoday.co.uk/breaking-news/2020/3/destination-downtown--what-does-new-yorks-biggest-office-to-resi-conversion-involve?source=related_articles January 4, 2021 Property Investor Today November 23, 2020 https://web.archive.org/web/20201123193304/https://www.propertyinvestortoday.co.uk/breaking-news/2020/3/destination-downtown--what-does-new-yorks-biggest-office-to-resi-conversion-involve?source=related_articles live The entrance structure ranges between one and seven stories high. The facade of the 2018 addition projects forward to the facade of the original structure. Eight stories were also built atop the initial portion of the annex.Smith Lilla March 5, 2020 The Challenges and Rewards of Adaptive Reuse: One Wall Street Case Study http://www.worldarchitecturenews.com/article/1676034 January 4, 2021 April 4, 2022 https://web.archive.org/web/20220404184406/https://www.worldarchitecturenews.com/article/1676034/challenges-rewards-adaptive-reuse-one-wall-street-case-study liveBaird-Remba Rebecca How an Innovative Construction Technique Made One Wall Street Possible Commercial Observer December 14, 2023 https://commercialobserver.com/2023/12/how-an-innovative-construction-technique-made-one-wall-street-possible/ April 10, 2024 December 18, 2023 https://web.archive.org/web/20231218163855/https://commercialobserver.com/2023/12/how-an-innovative-construction-technique-made-one-wall-street-possible/ live In total, according to zoning documents, the annex measures 180 ft on Broadway and 132.5 ft on Exchange Place. Features 20em right Tour an Art Deco Masterpiece, The Daily 360 , The New York Times The building contains 10 elevators as of 2019,Caulfield John March 24, 2019 New York's Largest Office-to-Condo Conversion Nearing Completion Building Design & Construction 2196548902 compared with 43 elevators and 14 escalators prior to the building's residential conversion. When built, 1 Wall Street had 29 elevators,Bankers' Magazine 1931 . 10 some of which were near the building's exterior walls.Hughes C. J. July 20, 2018 One Wall Street Becomes Condos en-US The New York Times https://www.nytimes.com/2018/07/20/realestate/one-wall-street-becomes-condos.html June 1, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195554/https://www.nytimes.com/2018/07/20/realestate/one-wall-street-becomes-condos.html live Irving Trust had six private elevators accessed from Wall Street.Abramson 2001 . 139 There were three groups of elevators in the rest of the building, serving the lower, intermediate, or upper floors;August 17, 1930 Irving Trust Building Exterior Completed 8 Brooklyn Citizen https://www.newspapers.com/clip/52673108/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184359/https://www.newspapers.com/clip/52673108/irving-trust-building-exterior-completed/ live these elevators could be reached from Broadway, New Street, or the subway. Because the New Street side of the building was lower than the Broadway side, engineers configured the original elevator shafts so that double-deck elevators could be installed if necessary,February 9, 1930 Double-Headers 34 Democrat and Chronicle https://www.newspapers.com/clip/52674710/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184349/https://www.newspapers.com/clip/52674710/double-headers/ live but these double-deck elevators were never built.Gray Christopher August 1, 1999 Streetscapes /1 Wall Street; A Bank's Art Deco Signature en-US The New York Times https://www.nytimes.com/1999/08/01/realestate/streetscapes-1-wall-street-a-bank-s-art-deco-signature.html June 4, 2020 0362-4331 January 24, 2019 https://web.archive.org/web/20190124041742/https://www.nytimes.com/1999/08/01/realestate/streetscapes-1-wall-street-a-bank-s-art-deco-signature.html live At its completion, 1 Wall Street was the first office structure in Lower Manhattan to use alternating current for electric power. It included a network of pneumatic tubes for sending documents between floors. When 1 Wall Street was converted to residential use, all of the elevators were moved to the center of the building.Quinlan Adriane April 28, 2023 The City's Largest Office-to-Residential Conversion is Move-in Ready https://www.curbed.com/2023/04/macklowes-one-wall-street-is-largest-ny-office-conversion.html November 10, 2023 Curbed July 5, 2024 https://web.archive.org/web/20240705151620/https://www.curbed.com/2023/04/macklowes-one-wall-street-is-largest-ny-office-conversion.html live There is 1165645 sqft 0 of interior space,One Wall Street http://www.skyscrapercenter.com/building/one-wall-street/1727 September 11, 2017 Skyscraper Center Council on Tall Building and Urban Habitat September 13, 2018 https://web.archive.org/web/20180913232633/http://www.skyscrapercenter.com/building/one-wall-street/1727 live of which the original building had 500000 ft2 of floor space.March 25, 1931 Irving Trust Co. Building Unique: Structure Houses One of Largest Vaults in the World—Beauty Keynote 9 The Wall Street Journal 130912816 The original building's first through 21st stories each spanned 15000 ft2. There are also five basement levels under the original structure, three of which are below sea level.January 15, 1930 Cornerstone is Placed for Irving Trust Home: Financial Leaders Take Part in Elaborate Services 32 New York Herald Tribune 1941-0646 1114346908 A corridor inside 1 Wall Street's basement, stretching between Broadway and New Street, provided access to the northbound platform of the Wall Street station,https://archive.org/details/annualreport1119newy/page/80/mode/2up Eleventh Annual Report for the Calendar Year 1931 1922 New York State Transit Commission 78Records of the National Park Service, 1785 – 2006 National Archives https://catalog.archives.gov/id/75313935 National Register of Historic Places and National Historic Landmarks Program Records, 2013 – 2017 New York MPS Wall Street Subway Station (IRT) 75313935 National Register of Historic Places and National Historic Landmarks Program Records: New York 5–6 but it had been converted to a communications room by 2000.https://nysl.ptfs.com/awweb/pdfopener?md=1&did=11748#page=145 June 2000 Board Action Items Metropolitan Transportation Authority 117 January 4, 2021 January 28, 2021 https://web.archive.org/web/20210128202626/https://nysl.ptfs.com/awweb/pdfopener?md=1&did=11748#page=145 live Upon the building's opening, Irving Trust occupied the basements, lowest ten floors, and uppermost three floors.December 20, 1930 Irving Trust's 50-Story Building Ready Soon; To Be Headquarters 8 Brooklyn Times-Union https://www.newspapers.com/clip/52672819/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184349/https://www.newspapers.com/clip/52672819/irving-trusts-50-story-building-ready/ liveBankers' Magazine 1931 . 3 Following its residential conversion, 1 Wall Street contained 678000 ft2 of residential space and 166000 ft2 of commercial space.Solomont E.B. September 8, 2017 Revealed: Inside Macklowe's 1 Wall Street https://therealdeal.com/2017/09/08/revealed-inside-macklowes-1-wall-street/ June 3, 2020 The Real Deal June 4, 2020 https://web.archive.org/web/20200604001505/https://therealdeal.com/2017/09/08/revealed-inside-macklowes-1-wall-street/ live The top stories of the annex (completed in 2023) were largely built as voided slabs; hollow plastic spheres were embedded into the concrete floor slabs to reduce the slabs' weight.Sisson Patrick This one weird technique makes concrete floors more sustainable Fast Company December 19, 2023 https://www.fastcompany.com/91000047/this-one-weird-technique-makes-concrete-floors-more-sustainable April 10, 2024 January 18, 2024 https://web.archive.org/web/20240118210323/https://www.fastcompany.com/91000047/this-one-weird-technique-makes-concrete-floors-more-sustainable live The glass retail addition is cantilevered outward from the original annex, avoiding the need to drill into the Wall Street subway station, which is located directly underneath the retail addition. Red Room and lobby thumb|Interior of the Red Room|alt=The interior of the Red Room, which is decorated with red-and-gold mosaic tiles At ground level is the Red Room. Walker and his associate Perry Coke Smith designed the room, while artist Hildreth Meière was hired as a "color consultant". The space was intended mainly as a reception room for the bankAbramson 2001 . 135–136 and was accessed primarily from Wall Street to the north.Buckley 2024 . 6 The Red Room had no tellers' counters since Irving Trust was a commercial bank, rather than a savings bank.Buckley 2024 . 13 Lewis Pierson of Irving Trust described the Red Room as a place "where we shall meet our customers and friends". Unlike earlier banking rooms such as those in the Williamsburgh Savings Bank Building and National City Bank Building, the Red Room did not contain classical-style decorations. The Red Room measures 100 ft long from west to east and 40 ft wide from north to south. The ceiling is variously cited as measuring 30 ft, 33 ft,Pembrey Daniel May 20, 2019 Behind the Painstaking Restoration of a Hidden Art Deco Gem on Wall Street https://www.architecturaldigest.com/story/one-wall-street-red-room live https://web.archive.org/web/20200604212911/https://www.architecturaldigest.com/story/one-wall-street-red-room June 4, 2020 June 1, 2020 Architectural Digest or 37 ft high. The room is shaped like an oblong polygon, and there are few right angles within the space. On the north wall is a bronze-clad entrance vestibule, while on the south wall are frosted double glass doors leading to the elevator foyer. There are arched windows on the eastern and western walls, as well as doors on the northern and southern walls. Each of the windows to the east and west has a deep sill, and there are also lancet windows on either side of the entrance to the north. There are radiators with ornate bronze grilles beneath each window. When Irving Trust occupied the building, the Red Room had some chairs and desks.Buckley 2024 . 15 The brokers' loan officers had desks next to the eastern wall, while the officers of Irving Trust's city office sat at desks near the western wall.Abramson 2001 . 137 Because the building was completed just after the Wall Street Crash of 1929, the Red Room's design included ornate materials to attract customers.Buckley 2024 . 14 The floor is made of red terrazzo tiles. Walker and Smith personally supervised the creation of the floor tiles in Berlin. The walls and ceilings are decorated with 8911 ft2 or 13000 ft2 of mosaics, which were designed by Meière and manufactured by the Ravenna Mosaic Company in Long Island City and Berlin.Dunlap David W. March 11, 2001 Postings: The 70-Year-Old, 50-Story 1 Wall Street is Declared a Landmark; a Quiet Art Deco Masterpiece en-US The New York Times https://www.nytimes.com/2001/03/11/realestate/postings-70-year-old-50-story-1-wall-street-declared-landmark-quiet-art-deco.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195549/https://www.nytimes.com/2001/03/11/realestate/postings-70-year-old-50-story-1-wall-street-declared-landmark-quiet-art-deco.html live The color scheme of the mosaic ranges from red-on-blue on the walls to gold-on-black on the ceiling. The tiles gradually become lighter on the upper portions of the walls, drawing visitors' attention toward the ceiling. The mosaic also contains abstract gold patterns.Robins 2017 18–19 . The rest of the walls is made of Pyrenees black marble, and the columns are made of Verona red marble, similar to a design used in the Stockholm City Hall. The two columns are placed on an east-west axis and have bronze capitals. At the northern and southern ends of the room, the ceiling slants slightly upward.Buckley 2024 . 7 South of the entrance is a foyer that runs between Broadway and New Street, with two polygonal piers. The foyer in turn connected directly to the building's elevators. The Broadway and New Street lobby had walls made of Pyrenees black marble. The ceiling also had an allegorical painting measuring 20 by 66 ft, depicting the influence of wealth on the creation of beauty. Meière and Kimon Nicolaïdes designed the painting.Abramson 2001 . 146 When the annex was built, the expanded lobby floor was clad in travertine, and the original lobby's ceiling was covered with a dropped ceiling. Upper floors As with other early-20th-century skyscrapers in the Financial District, the lower stories had large floor areas for the building's primary tenant, Irving Trust, while the upper stories were smaller.Abramson 2001 . 27–28 The lowest 21 floors each spanned about 15000 ft2. Irving Trust occupied the first ten stories, using their large floor areas to house its clerical staff.Abramson 2001 . 71 The second floor originally contained Irving Trust's Wall Street office, which served businesses in the Financial District. The third floor was for the bank's corporate and personal trust divisions. The fifth floor had the bank's executive offices, wainscoted with wood from around the world, while the sixth floor accommodated the out-of-town and foreign divisions and a telephone room for long-distance calls.Bankers' Magazine 1931 . 3, 10 The 10th through 45th floors were rented to outside tenants. Voorhees, Gmelin & Walker were not responsible for the layout of the offices, instead hiring specialists for that task.Abramson 2001 . 45–46 Architectural firms also designed some of the offices; for example, the Fiduciary Trust Company's 30th-story offices were designed by Delano and Aldrich, while the offices on the 31st story were designed by Cross & Cross.Abramson 2001 . 46 Generally, law firms and financial firms leased entire stories for themselves.Abramson 2001 . 69–71 These included brokerage house Bear Stearns, which hired H. J. Horvath & Company and designer W. A. Zwicke to subdivide its 10th-floor space into various offices and other rooms.Abramson 2001 . 69 Irving Trust's dining room was on the 46th floor. The directors' room, on the 47th floor, was decorated with 18 ft m -high mid wooden wainscoting, and there were directors' chairs arranged in a semicircle. The stories above it had dining spaces and a three-story observation lounge; these spaces had Art Deco furnishings. The executive lounge, at the 49th story, had a ceiling made of gold-leaf seashells,Stern Gilmartin Mellins 1987 . 568–569November 1931 Kapa Shells Cover the Grand Lounge Ceiling American Architect 140 47 as well as walls covered with multicolored patterned fabrics.Abramson 2001 . 129 The executive lounge also had a triple-height ceiling, fluted walls, teak floors, and a fireplace,Abramson 2001 . 128 as well as four full-height windows that faced each of the cardinal directions. The walls were also decorated with depictions of Native American war bonnets. Following 1 Wall Street's 2020s residential conversion, there have been 566 condominium apartments, of which 304 are studios and one-bedroom units. Forty-seven of the condominiums have private decks. The condominiums were designed by SLCE Architects.Russell James S. October 4, 2023 Continuing Education: Office Conversions https://www.architecturalrecord.com/articles/16501-continuing-education-office-conversions July 5, 2024 Architectural Record December 10, 2023 https://web.archive.org/web/20231210174251/https://www.architecturalrecord.com/articles/16501-continuing-education-office-conversions live The upper three floors were converted into a three-story penthouse apartment with 12965 ft2, four bedrooms and four bathrooms, as well as a private library and chef's kitchen. Several of the units are model apartments, which are shown to prospective buyers and were designed by FrenchCalifornia, Elizabeth Graziolo, and Cyril Vergniol.Nelson Dustin May 28, 2023 One Wall Street's $9.75 Million 'Trophy Apartment' is Bedecked in Art https://observer.com/2023/05/one-wall-streets-9-4-million-trophy-apartment-is-bedecked-in-art/ November 10, 2023 Observer November 10, 2023 https://web.archive.org/web/20231110174504/https://observer.com/2023/05/one-wall-streets-9-4-million-trophy-apartment-is-bedecked-in-art/ liveHowarth Dan March 19, 2023 One Wall Street Skyscraper Completes Conversion from Offices to Apartments https://www.dezeen.com/2023/03/19/one-wall-street-skyscraper-office-residential-conversion/ November 10, 2023 Dezeen November 10, 2023 https://web.archive.org/web/20231110174506/https://www.dezeen.com/2023/03/19/one-wall-street-skyscraper-office-residential-conversion/ live The amenities include a 75 ft on indoor swimming pool, 39th-floor observation deck, library, golf simulator, dog spa, and playroom, as well as a lounge and a private restaurant.Taillon Keith May 17, 2023 You Can Now Live in What Was Once 'The World's Costliest Real Estate Plot' https://www.thedailybeast.com/you-can-now-live-in-what-was-once-the-worlds-costliest-real-estate-plot November 10, 2023 The Daily Beast November 10, 2023 https://web.archive.org/web/20231110174504/https://www.thedailybeast.com/you-can-now-live-in-what-was-once-the-worlds-costliest-real-estate-plot live The restaurant includes a 4500 ft2 on terrace facing New York Harbor to the south.Searcey Dionne January 22, 2025 At a Deluxe Dining Room on the 100th Floor, a Chef Toils in Obscurity https://www.nytimes.com/2025/01/22/nyregion/condo-tower-restaurants.html January 24, 2025 The New York Times en-US 0362-4331 The building also contains communal spaces with kitchens, phone booths, AV equipment, and printers.Pau Valida August 10, 2023 Luxury NYC Buildings Woo Residents with Coworking Spaces as Remote Work Lingers https://www.cnbc.com/2023/08/10/luxury-nyc-buildings-offer-coworking-spaces-as-remote-work-lingers.html December 1, 2023 CNBC September 30, 2023 https://web.archive.org/web/20230930041216/https://www.cnbc.com/2023/08/10/luxury-nyc-buildings-offer-coworking-spaces-as-remote-work-lingers.html live These amenities are mostly clustered in the annex, occupying the 38th and 39th floors. Lifetime Fitness operates an athletic club within the building,Smith Candace Cordelia Life Time Expands in NYC with One Wall Street Location Athletech News September 9, 2022 https://athletechnews.com/life-time-expands-in-nyc-with-one-wall-street-location/ August 30, 2024 and there is also a coworking space known as One Works.Isaacson Bea August 23, 2022 A First Look Inside One Wall Street https://elitetraveler.com/property/one-wall-street-first-look August 30, 2024 Elite Traveler Vault Irving Trust's bank vault, weighing 5000 ST LT t, was located 69 to 72 ft below ground level. At the time of the building's 1931 completion, the vault was the second-largest in the city and third-largest in the world, behind those of the Federal Reserve Bank of New York Building and the Bank of England.March 23, 1931 200 In Armed Guard Move Bank Billions; Lower Broadway Like Arsenal as Irving Trust Cargo Goes to New Building en-US The New York Times https://www.nytimes.com/1931/03/23/archives/200-in-armed-guard-move-bank-billions-lower-broadway-like-arsenal.html June 2, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195554/https://www.nytimes.com/1931/03/23/archives/200-in-armed-guard-move-bank-billions-lower-broadway-like-arsenal.html live The vault was encased on three sides by a 6 ft -thick mid wall composed of iron, steel, and concrete; the fourth side was composed of 3 ft of concrete and a thick layer of metal. The vault had three stories, of which the top level was used by safe-deposit customers, and the lower floors stored Irving Trust's own fortunes. Each story had 2700 ft2 of space.February 4, 1929 Irving Trust Co. Vault 2d Largest 2 Brooklyn Standard Union https://www.newspapers.com/clip/52674483/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184338/https://www.newspapers.com/clip/52674483/irving-trust-co-vault-2d-largest/ liveCharles F.I. June 1931 How Planning Built a Home for Irving Trust System 59 456–457 There were six vault doors, each measuring 30 in thick;Mar 1929 New Irving Trust Building to Have Huge Vaults Bankers' Magazine 118 3 470 124376143Abramson 2001 . 154 the doors were laced with chemicals that reportedly emitted "paralyzing fumes" if a robber tried to open the door using a blowtorch. The two main doors on the upper level, and one door on each of the other levels, weighed 45 ST LT t each. A tank of water, as well as chemical, electrical, and mechanical systems, were used to deter break-ins.February 3, 1929 Gigantic Vault in Wall Street to Defy Thieves: Irving Trust Company Building Will Have Compartment Below Water Level Doors 30 Inches Thick Built to Withstand Siege as Well as Safe Cracksmen A12 1941-0646 New York Herald Tribune 1112027861 History Previous structures Northern portion alt=A series of tall windows at 1 Wall Street. Between each window are limestone piers.|thumb|The windows at 1 Wall Street Since the settlement of New Amsterdam in the 17th century, only three buildings on the northern portion of the current skyscraper's site had carried the address 1 Wall Street. The first was a 17th-century stone house, and the second was built in the 19th century.October 28, 1928 American Ex-Irving Building 10 Brooklyn Standard Union https://www.newspapers.com/clip/52648108/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184401/https://www.newspapers.com/clip/52648108/american-ex-irving-building/ liveJanuary 14, 1930 To Lay Stone Today for Irving Trust; Ceremony to Be Held at New 50-Story Building at 1 Wall Street at 3 P.M. en-US The New York Times https://www.nytimes.com/1930/01/14/archives/to-lay-stone-today-for-irving-trust-ceremony-to-be-held-at-new.html June 2, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044805/https://www.nytimes.com/1930/01/14/archives/to-lay-stone-today-for-irving-trust-ceremony-to-be-held-at-new.html live The third such structure was an 18-story office building built in 1907 and designed by St. Louis-based firm Barnett, Haynes & Barnett.Gray Christopher August 8, 2014 When Downtown Real Estate Turned Upward en-US The New York Times https://www.nytimes.com/2014/08/10/realestate/when-downtown-real-estate-turned-upward.html May 31, 2020 0362-4331 June 23, 2018 https://web.archive.org/web/20180623151229/https://www.nytimes.com/2014/08/10/realestate/when-downtown-real-estate-turned-upward.html livehttps://books.google.com/books?id=6bzO6uzqcqkC&pg=PA1140 Number One Wall Street June 16, 1906 Real Estate Record and Builders' Guide, Volume 77 1140 April 26, 2018 September 16, 2020 https://web.archive.org/web/20200916105539/https://books.google.com/books?id=6bzO6uzqcqkC&pg=PA1140 live The structure was known as the "Chimney Building"February 9, 1928 Sale of Chimney Building Plot Recalls Ownership of Late Benjamin D. Silliman en Brooklyn Daily Eagle https://bklyn.newspapers.com/clip/19689547/sale_of_chimney_building_plot_recalls/ April 30, 2018 Brooklyn Public Library; newspapers.com April 4, 2022 https://web.archive.org/web/20220404184357/https://bklyn.newspapers.com/clip/19689547/sale-of-chimney-building-plot-recalls/ liveBuckley 2024 . 8 or the chimney corner' building",May 2, 1928 News of Bankers and Banks en Brooklyn Daily Eagle https://bklyn.newspapers.com/clip/19689774/news_of_bankers_and_banks/ April 30, 2018 Brooklyn Public Library; newspapers.com April 4, 2022 https://web.archive.org/web/20220404184416/https://bklyn.newspapers.com/clip/19689774/news-of-bankers-and-banks/ live and its footprint measured only 29 by 39 ft.May 3, 1929 Demolish Four Buildings.; Wreckers Busy on Site of Irving Trust Skyscraper. en-US The New York Times https://www.nytimes.com/1929/05/03/archives/demolish-four-buildings-wreckers-busy-on-site-of-irving-trust.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044704/https://www.nytimes.com/1929/05/03/archives/demolish-four-buildings-wreckers-busy-on-site-of-irving-trust.html liveJune 8, 1907 Chimney Building 11 The Buffalo Commercial https://www.newspapers.com/clip/52544003/ June 1, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184405/https://www.newspapers.com/clip/52544003/chimney-building/ live The Chimney Building was developed by a syndicate from St. Louis, headed by Festus Wade of the St. Louis Mercantile Trust Company. In mid-1905, the company paid $700,000About $US-GDP 1905 700000 c -3 in US-GDPUS-GDP lower-alpha for the 1131 ft2 m2 on plot, or an average of 576 $/ft2.About $/ft2 in US-GDPUS-GDP lower-alphaJune 14, 1905 Valuable Building Purchased 1 Stanberry Headlight https://www.newspapers.com/clip/16891790/mercantile-trust-co-of-st-louis-buys/ May 31, 2020 newspapers.com June 4, 2020 https://web.archive.org/web/20200604195553/https://www.newspapers.com/clip/16891790/mercantile-trust-co-of-st-louis-buys/ liveJune 7, 1905 Most Costly Site in New York Sold; The Old Drug Store at Wall Street and Broadway en-US The New York Times https://www.nytimes.com/1905/06/07/archives/most-costly-site-in-new-york-sold-the-old-drug-store-at-wall-street.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195556/https://www.nytimes.com/1905/06/07/archives/most-costly-site-in-new-york-sold-the-old-drug-store-at-wall-street.html live The next year, the syndicate announced that it would start erecting an 18-story structure at 1 Wall Street.February 4, 1906 To Build New Skyscraper; St. Louis Owners Will Start Structure at 1 Wall Street. en-US The New York Times https://www.nytimes.com/1906/02/04/archives/to-build-new-skyscraper-st-louis-owners-will-start-structure-at-1.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604224419/https://www.nytimes.com/1906/02/04/archives/to-build-new-skyscraper-st-louis-owners-will-start-structure-at-1.html live The Chimney Building was completed in 1907, and for years afterward, its site was the world's most valuable.January 19, 1926 World's Costliest Realty Plot Sold; Western Bankers Buy the Chimney Building, 1 Wall Street, Corner of Broadway en-US The New York Times https://www.nytimes.com/1926/01/19/archives/worlds-costliest-realty-plot-sold-western-bankers-buy-the-chimney.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044715/https://www.nytimes.com/1926/01/19/archives/worlds-costliest-realty-plot-sold-western-bankers-buy-the-chimney.html live Adjoining the Chimney Building were between three and five other structures, ranging from approximately 10 to 20 stories high. The oldest of these was the Union Trust Building, which was erected in 1889 and had 8 ft -thick mid masonry walls because engineers of the time did not know how much steel the building required.June 30, 1929 Highest 'Taxpayer' Being Demolished; 18-Story Building at 1 Wall St. Coming Down With Five Other Large Structures en-US The New York Times https://www.nytimes.com/1929/06/30/archives/highest-taxpayer-being-demolished-18story-building-at-1-wall-st.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044722/https://www.nytimes.com/1929/06/30/archives/highest-taxpayer-being-demolished-18story-building-at-1-wall-st.html live One of the twelve-story structures surrounded the Chimney Building, and in 1926, this structure and the Chimney Building were sold to a syndicate of bankers. The writer Washington Irving, the namesake of the Irving Trust Company, had occupied a house at 3 Wall Street several years before the building's development.Oser Alan S. May 28, 1980 Real Estate; New Center for Irving Trust Mitsubishi Lease en-US The New York Times https://www.nytimes.com/1980/05/28/archives/real-estate-new-center-for-irving-trust-mitsubishi-lease.html December 25, 2022 0362-4331 December 25, 2022 https://web.archive.org/web/20221225224505/https://www.nytimes.com/1980/05/28/archives/real-estate-new-center-for-irving-trust-mitsubishi-lease.html live Southern portion The southern half of the block had two structures: the Manhattan Life Insurance Building on the north and the Knickerbocker Trust Company Building to the south. The 18-story Manhattan Life Building, completed in 1894, was in the middle of the block, at 64 Broadway.February 18, 1928 66 Broadway Sold; Long a Landmark; Central Union Trust Reported Buyer of Manhattan Life Insurance Building en-US The New York Times https://www.nytimes.com/1928/02/18/archives/66-broadway-sold-long-a-landmark-central-union-trust-reported-buyer.html May 31, 2020 0362-4331 May 2, 2014 https://web.archive.org/web/20140502235327/http://select.nytimes.com/gst/abstract.html?res=F10F17F93A59127A93CAA81789D85F4C8285F9 live That structure was slightly extended north in 1904 to encompass all lots between 64 and 70 Broadway.Korom Joseph A. https://archive.org/details/bub_gb_JVzYO1TyZ6AC/page/432 The American Skyscraper, 1850–1940: A Celebration of Height Branden Books 2008 978-0-8283-2188-4 432 October 3, 2020 April 4, 2022 https://web.archive.org/web/20220404184415/https://books.google.com/books?id=JVzYO1TyZ6AC&q=%22Manhattan+Life+Insurance+Building%22&pg=PA198 live The Knickerbocker Trust Company bought the land immediately south of the Manhattan Life Building in early 1906,October 6, 1907 Lower Broadway Skyscraper for Knickerbocker Trust; Twenty-Two-Story Building On Exchange Place Corner en-US The New York Times https://www.nytimes.com/1907/10/06/archives/lower-broadway-skyscraper-for-knickerbocker-trust-twentytwostory.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195552/https://www.nytimes.com/1907/10/06/archives/lower-broadway-skyscraper-for-knickerbocker-trust-twentytwostory.html live and finalized building plans the next year.August 18, 1907 New Broadway Skyscraper; Plans for Knickerbocker Trust Building at Exchange Place. en-US The New York Times https://www.nytimes.com/1907/08/18/archives/new-broadway-skyscraper-plans-for-knickerbocker-trust-building-at.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044807/https://www.nytimes.com/1907/08/18/archives/new-broadway-skyscraper-plans-for-knickerbocker-trust-building-at.html live The 22-story Knickerbocker Trust building at 60 Broadway was completed in 1909May 22, 1909 To Move Its Millions To-Day; Police to Guard Transfer of Knickerbocked Cash into Its New Home. en-US The New York Times https://www.nytimes.com/1909/05/22/archives/to-move-its-millions-today-police-to-guard-transfer-of.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195556/https://www.nytimes.com/1909/05/22/archives/to-move-its-millions-today-police-to-guard-transfer-of.html live and contained a ground-floor banking room, a private penthouse restaurant, and eight elevators. There was a 23 ft m 1 mid -wide space between the Manhattan Life and Knickerbocker Trust buildings. A 10 in m 1 on strip of land on the northern side of the gap was sold to John E. Schermerhorn in 1912.August 7, 1912 The Real Estate Field; A Ten-Inch Strip of Lower Broadway Property Purchased by the Schermerhorn Estate en-US The New York Times https://www.nytimes.com/1912/08/07/archives/the-real-estate-field-a-teninch-strip-of-lower-broadway-property.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195600/https://www.nytimes.com/1912/08/07/archives/the-real-estate-field-a-teninch-strip-of-lower-broadway-property.html live The Schermerhorn family subsequently built an eight-story taxpayer building at 62 Broadway, within the 23 ft 10 in m 1 -wide mid gap.June 29, 1912 The Real Estate Field; $1,000,000 Long Term Lease on Small Times Square Corner – Union Methodist Church in the Market – New 62 Broadway Building – Bronx and Suburban Deals. en-US The New York Times https://www.nytimes.com/1912/06/29/archives/the-real-estate-field-1000000-long-term-lease-on-small-times-square.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604010707/https://www.nytimes.com/1912/06/29/archives/the-real-estate-field-1000000-long-term-lease-on-small-times-square.html live Development thumb|The western facade from Rector Street|alt=One Wall Street as seen from Rector Street to the west. The pyramidal roof of 14 Wall Street is visible at left, while the Empire Building is visible at right. The idea for the current skyscraper was attributed to Irving Trust president Harry Ward.September 24, 1960 Harry Ward Dies; Ex-Head Of Bank en-US The New York Times https://www.nytimes.com/1960/09/24/archives/harry-ward-dies-exhead-of-bank-o-_____-irving-trust-president-81.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604224519/https://www.nytimes.com/1960/09/24/archives/harry-ward-dies-exhead-of-bank-o-_____-irving-trust-president-81.html live Since its founding in 1851, Irving Trust had merged with numerous other banks in preceding years,Kurshan 2001 . 9Buckley 2024 . 8–9 and the firm had outgrown its offices, which were split between 60 Broadway, the Equitable Building, and the Woolworth Building.Kurshan 2001 . 2 When the building was proposed, the bank was known as American Exchange Irving Trust, having merged in 1926 with the American Exchange-Pacific National Bank.December 14, 1926 Banks' Merger Complete; American Exchange and Irving Begin Functioning as a Unit. en-US The New York Times https://www.nytimes.com/1926/12/14/archives/banks-merger-complete-american-exchange-and-irving-begin.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195559/https://www.nytimes.com/1926/12/14/archives/banks-merger-complete-american-exchange-and-irving-begin.html live During the mid- and late-1920s, many Art Deco office buildings were constructed in New York City, peaking around 1929 and 1930.. Robinson 1975 83 Additionally, banks in Manhattan were clustering around Wall Street, and the corner of Broadway and Wall Street was seen as a valuable location.Kurshan 2001 . 2–3 Planning By April 1928, the Central Union Trust Company controlled the buildings from 64 to 80 Broadway, and reportedly planned to build a 36-story structure at the site of the Chimney Building.April 17, 1928 May Be Built on Wall St.; 36-Story Skyscraper Reported for "Chimney Building" Site. en-US The New York Times https://www.nytimes.com/1928/04/17/archives/may-be-built-on-wall-st-36story-skyscraper-reported-for-chimney.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195551/https://www.nytimes.com/1928/04/17/archives/may-be-built-on-wall-st-36story-skyscraper-reported-for-chimney.html live The following month, American Exchange Irving Trust bought the Chimney Building along with three adjacent structures at 7 Wall Street, and 74 and 80 Broadway, in exchange for $5.5 million in cash and a $9 million mortgage.The cash amount is about $US-GDP 1928 5.5 c 1 million, and the mortgage about $US-GDP 1928 9 c 1 million, in US-GDPUS-GDP lower-alpha The transaction cost approximately 725 $/ft2.Equivalent to about $/ft2 in US-GDPUS-GDP lower-alpha Following the sale, the Central Union Trust Company moved to the Manhattan Life Building and modified the structures at 60, 62, and 70 Broadway.January 20, 1931 Expansion of Bank Involves Alterations to Cost $100,000 en-US The New York Times https://www.nytimes.com/1931/01/20/archives/expansion-of-bank-involves-alterations-to-cost-100000.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604010705/https://www.nytimes.com/1931/01/20/archives/expansion-of-bank-involves-alterations-to-cost-100000.html live Immediately after the purchase, Irving Trust announced it would erect an office building on the site.Abramson 2001 . 56Jun 1928 American Exchange Irving Trust Buys Building Site Bankers' Magazine 116 6 916 124383960 This announcement occurred amid an increase in the number of large banks in New York City. The company's board of directors founded a sub-committee for construction oversight, and several Irving Trust employees formed the One Wall Street Unit to coordinate logistical planning for the new skyscraper. Thirty-five potential architects were identified and interviewed extensively. Ultimately, in June 1928, Voorhees, Gmelin and Walker were hired to design the structure,https://www.newspapers.com/clip/52653059/ Architects Chosen by Am. Ex. Irving Trust June 23, 1928 Brooklyn Standard Union June 2, 2020 9 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184402/https://www.newspapers.com/clip/52653059/architects-chosen-by-am-ex-irving/ live and Marc Eidlitz was hired as builder. Voorhees, Gmelin and Walker filed plans with the Manhattan Bureau of Buildings the next month. The initial plans, known as Scheme B1, called for a 46- or 52-story building on a plot of 178 by 101 ft;July 28, 1928 $5,000,000 Structure Planned to Replace 'Chimney' Building en-US The New York Times https://www.nytimes.com/1928/07/28/archives/5000000-structure-planned-to-replace-chimney-building.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195606/https://www.nytimes.com/1928/07/28/archives/5000000-structure-planned-to-replace-chimney-building.html live they called for two banking rooms at ground level. Walker and his associate Perry Coke Smith designed a large banking room called the Red Room for the lower stories, and Walker hired Hildreth Meière to design the mosaics for the Red Room. Smith and Meière collaborated on the Red Room's color scheme, while Lynn Fausett helped draw out the designs for the room.Brawer Catherine Coleman The Art Deco Murals of Hildreth Meière Skolnik Kathleen Murphy 2014 Andrea Monfried Editions LLC 978-0-9910263-0-2 138 864090420 An August 1928 memorandum between the architects and Irving Trust prompted several changes to the plans. Among those were separate elevators for bank employees and rental tenants; the removal of retail spaces and luncheon clubs; and the addition of a common reception lobby.Abramson 2001 . 56–57 In October 1928, local newspapers reported that Irving Trust had accepted "final plans" for a 44-story building rising 560 ft.October 23, 1928 Design Skyscraper for 1 Wall Street; Irving Trust Architects Have New Setback Idea for Edifice on Chimney Corner Site en-US The New York Times https://www.nytimes.com/1928/10/23/archives/design-skyscraper-for-1-wall-street-irving-trust-architects-have.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044726/https://www.nytimes.com/1928/10/23/archives/design-skyscraper-for-1-wall-street-irving-trust-architects-have.html liveOctober 23, 1928 New No. 1 Wall St. to Tower 4 Stories 71 Brooklyn Standard Union https://www.newspapers.com/clip/52652058/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184417/https://www.newspapers.com/clip/52652058/new-no-1-wall-st-to-tower-4-stories/ live This design resembled the current structure, with setbacks and a curving facade.Dec 1928 Plans for American Exchange Irving Trust Building Completed Bankers' Magazine 117 6 1058 124368096 The actual final plans, filed in June 1929, provided for a 50-story structure. The 1929 plans were released after Irving Trust applied for, and received, a zoning variance that allowed the base's first setback to be higher than would normally be allowed. The variance also allowed for a shallower setback, and the tower was allowed to cover more than 25 percent of the lot, the maximum lot coverage ratio typically allowed under the 1916 Zoning Resolution. Construction Construction on the site of 1 Wall Street began in May 1929,Abramson 2001 . 74 with the demolition of the four buildings on the northern portion of the site.May 5, 1929 Chimney Corner Building Ends Disappointing Career: Wreckers Write Last Chapter in Story of Highest Taxpayer as Site is Cleared for 44-Story Irving Trust Company Home New York Herald Tribune D2 1941-0646 1111966778 Several engineering professors from Columbia University were hired as consultants for the demolition process.Abramson 2001 . 75 Work was complicated by the fact that one of the previous buildings on the site had extremely sturdy walls ranging from 4 to 10 ft thick.104973514 Wreckers Busy on Wall Street: Thick Walls at 80 Broadway Offer New Problems for Workers. June 30, 1929 RE1 The New York Times 0362-4331 Excavations began in July 1929, and work on the building itself began that August. During December 1929, Ward sent engraved letters to 500 nearby property owners, apologizing for the noise created during the riveting process; this generated positive publicity for the building in both the local and national press.Abramson 2001 . 25–26 The ceremonial cornerstone was laid on January 15, 1930.January 15, 1930 Cornerstone is Laid for the Irving Trust; Ceremonies Held in Rain for New 51-Story Building at 1 Wall Street en-US The New York Times https://www.nytimes.com/1930/01/15/archives/cornerstone-is-laid-for-the-irving-trust-ceremonies-held-in-rain.html June 2, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195557/https://www.nytimes.com/1930/01/15/archives/cornerstone-is-laid-for-the-irving-trust-ceremonies-held-in-rain.html liveJanuary 14, 1930 Lay Cornerstone of Irving Trust 48 Brooklyn Times-Union https://www.newspapers.com/clip/52672989/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184406/https://www.newspapers.com/clip/52672989/lay-cornerstone-of-irving-trust/ live During the construction process, nearby structures such as Trinity Church were shored up. That March, Irving Trust signed an agreement with the Interborough Rapid Transit Company—at the time, one of the operators of the city's subway system—to build three new entrances to the Wall Street station on Broadway and another entrance in 1 Wall Street's basement.March 18, 1930 New Subway Entrance Planned in Irving Trust Building 41 1941-0646 New York Herald Tribune 1113147650 The frame involved the installation of 250,000 rivets and was completed in four months of the cornerstone-laying, without any serious incidents.May 13, 1930 Skeleton of Irving Trust Building Is Completed New York Herald Tribune 45 1941-0646 1113271132 The Ravenna Mosaic Company was hired to manufacture mosaics for the Red Room, and six workers from a mosaic-tile labor union helped Ravenna's workers install the mosaics. When the steel frame topped out on May 12, 1930, workers hoisted an evergreen tree to the top of the frame. While the workers were securing the final rivets, a hot steel rivet fell from the building's top and hit a truck below, narrowly missing the truck driver's head and causing a small fire on the street.May 12, 1930 Ancient Guild Rite Marks End of Irving Steelwork https://fultonhistory.com/Newspaper%2011/New%20York%20Evening%20Post/New%20York%20NY%20Evening%20Post%201930%20Grayscale/New%20York%20NY%20Evening%20Post%201930%20Grayscale%20-%203281.pdf June 4, 2020 New York Evening Post 1 fultonhistory.com September 8, 2021 https://web.archive.org/web/20210908140955/https://fultonhistory.com/Newspaper%2011/New%20York%20Evening%20Post/New%20York%20NY%20Evening%20Post%201930%20Grayscale/New%20York%20NY%20Evening%20Post%201930%20Grayscale%20-%203281.pdf live The Indiana Limestone Company was hired to supply the building's Indiana limestone.July 16, 1929 Ind. Limestone Gets Contracts The Wall Street Journal 5 0099-9660 130713476 Several hundred boxcars were used to transport the building's Indiana limestone to New York City;The Brooklyn Citizen quotes the builders as saying 288 boxcars had been used. However, the New York Herald Tribune and the New York City Landmarks Preservation Commission state that over 400 boxcars were used. according to railroad workers, it was the largest-ever such order.February 16, 1930 Shipment of Stone for 1 Wall Street is Four Miles Long: Largest Consignment of Building Stone to Enter City, Say Railroad Men E2 1941-0646 New York Herald Tribune 1113128200 Before being used in the building, the limestone blocks went to a workshop in Long Island City, where they were carved to meet the building's specifications. The exterior was completed by August 1930. Irving Trust use By December 1930, Irving Trust announced that 80 percent of the space had been leased in the nearly-completed building. Tenants started moving into 1 Wall Street by mid-March 1931, before its formal opening, at which point it was 85 percent occupied. Among the tenants were several members of the New York Stock Exchange and Curb Exchange.March 17, 1931 Big Bank Building Opens Next Monday; 50-Story Structure at 1 Wall St. To Be Dedicated to Irving Trust's Own Use Friday en-US The New York Times https://www.nytimes.com/1931/03/17/archives/big-bank-building-opens-next-monday-50story-structure-at-1-wall-st.html June 2, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195558/https://www.nytimes.com/1931/03/17/archives/big-bank-building-opens-next-monday-50story-structure-at-1-wall-st.html live The Irving Trust Company moved into the building on March 23, 1931. Two hundred guards armed with machine guns moved the bank's $8 billion holdingsAbout $US-GDP 1931 8 c 1 billion in US-GDPUS-GDP lower-alpha from its former location at the Woolworth Building.March 23, 1931 $3,000,000,000 Treasure Heavily Guarded by Guns Moved Through Streets 2 Brooklyn Standard Union https://www.newspapers.com/clip/52674403/ June 2, 2020 newspapers.com April 4, 2022 https://web.archive.org/web/20220404184431/https://www.newspapers.com/clip/52674403/3000000000-treasure-heavily-guarded/ liveMarch 23, 1931 Irving Trust in New Home: Moves Into Building at 1 Wall Street—Significance of New Location 13 The Wall Street Journal 0099-9660 130906826 The same day, 1 Wall Street opened to public use, with thousands of visitors.March 24, 1931 Irving Trust Opens New 50-Story Home; Building at 1 Wall Street is Visited by Thousands on First Day in Use en-US The New York Times https://www.nytimes.com/1931/03/24/archives/irving-trust-opens-new-50story-home-building-at-1-wall-street-is.html June 2, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195602/https://www.nytimes.com/1931/03/24/archives/irving-trust-opens-new-50story-home-building-at-1-wall-street-is.html liveMarch 24, 1931 Financial News: Irving Trust Opens New 50-Story Home Women's Wear Daily 42 57 9 1653927678 By that time, the building was 90 percent occupied. Shortly afterward, the Fiduciary Trust Company of New York moved its banking quarters to the 30th floor, making that space the highest banking quarters in New York City.April 2, 1931 Fiduciary Trust 30 Stories in Air; New Company to Open May 15 in Irving Trust Building en-US The New York Times https://www.nytimes.com/1931/04/02/archives/fiduciary-trust-30-stories-in-air-new-company-to-open-may-15-in.html May 31, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195549/https://www.nytimes.com/1931/04/02/archives/fiduciary-trust-30-stories-in-air-new-company-to-open-may-15-in.html liveApr 1931 Wages and Dividends: Journal of Commerce Replies to Matthew Woll's Article in the March Number Bankers' Magazine 122 4 554 124388543 In a 1938 incident, an electrical transformer on the 21st-story setback blew up; though the windows shook, nobody was injured.December 23, 1938 50-Story Building Shaken by Blast https://fultonhistory.com/highlighter/highlight-for-xml?altUrl=https%3A%2F%2Ffultonhistory.com%2FNewspapers%252023%2FRochester%2520NY%2520Times%2520Union%2FRochester%2520NY%2520Times%2520Union%25201938%2FRochester%2520NY%2520Times%2520Union%25201938%2520a%2520-%25200853.pdf June 4, 2020 Rochester Times-Union fultonhistory.com April 4, 2022 https://web.archive.org/web/20220404184407/https://fultonhistory.com/Newspapers%2023/Rochester%20NY%20Times%20Union/Rochester%20NY%20Times%20Union%201938/Rochester%20NY%20Times%20Union%201938%20a%20-%200853.pdf liveDecember 24, 1938 Blast on a Roof Of Irving Trust Rocks Wall St: Transformer Explodes on 21st Floor Setback, And Spatters Oil Over Street 5 New York Herald Tribune 1941-0646 1244690043 An air-conditioning system was installed at 1 Wall Street in 1953,August 2, 1953 Conditioner for 50 Floors A8 New York Herald Tribune 1941-0646 1322088662 which was one of the largest air-conditioning retrofits ever undertaken in the New York City area at the time.Sep 1953 Irving Trust Plans https://fraser.stlouisfed.org/files/docs/publications/nfr/nwbanker/nwbanker_195309.pdf The Northwestern Banker 8 794 The original building soon became too small to accommodate the operations of Irving Trust and its tenants. Accordingly, in 1961, Irving Trust purchased the three buildings at 60, 62, and 70 Broadway from Hanover Bank, thereby giving Irving Trust control of the entire block between Broadway, Wall Street, New Street, and Exchange Place.June 7, 1961 Irving Trust Widens Broadway Holdings en-US The New York Times https://www.nytimes.com/1961/06/07/archives/irving-trust-widens-broadway-holdings.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604080030/https://www.nytimes.com/1961/06/07/archives/irving-trust-widens-broadway-holdings.html liveJune 7, 1961 Irving Trust Buys Site From Webb & Knapp to Expand Headquarters 18 The Wall Street Journal 0099-9660 132673791 The company initially anticipated that the annex would cost $25 million.About US-GDP 1961 25 c 0 million in US-GDPUS-GDP lower-alphaFebruary 1, 1962 Irving Trust Expects to Spend $25 Million for a New Addition: Unit, Present Building to Give New York Bank a Full Block's Frontage; No Merger Planned 9 The Wall Street Journal 0099-9660 132757003February 1, 1962 Irving Trust Will Spend $25 Million on Its Building 24 1941-0646 New York Herald Tribune 1325670698 Voorhees, Walker, Smith, Smith & Haines were hired to design the annex, while Turner Construction was hired as the main contractor.June 27, 1961 Job at 1 Wall St. Given to Turner en-US The New York Times https://www.nytimes.com/1961/06/27/archives/job-at-1-wall-st-given-to-turner.html December 26, 2022 0362-4331 December 26, 2022 https://web.archive.org/web/20221226013513/https://www.nytimes.com/1961/06/27/archives/job-at-1-wall-st-given-to-turner.html live By mid-1963, the site had been cleared.July 28, 1963 Irving Trust Office to Get Annex en-US The New York Times https://www.nytimes.com/1963/07/28/archives/irving-trust-office-to-get-annex.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604080034/https://www.nytimes.com/1963/07/28/archives/irving-trust-office-to-get-annex.html live In advance of the upcoming renovation, Irving Trust subleased space at 2 Broadway.April 3, 1963 Sublease Taken by Irving Trust; Broadway Space to Be Used Till New Home is Ready en-US The New York Times https://www.nytimes.com/1963/04/03/archives/sublease-taken-by-irving-trust-broadway-space-to-be-used-till-new.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604080032/https://www.nytimes.com/1963/04/03/archives/sublease-taken-by-irving-trust-broadway-space-to-be-used-till-new.html live To finance construction, Irving Trust sold the building to a subsidiary, which then sold $30 million of secured notes to investors.About US-GDP 1961 30 c 0 million in US-GDPUS-GDP lower-alphaMarch 15, 1963 Irving Trust Finances Addition of 30 Floors to 1 Wall St. Building 25 The Wall Street Journal 0099-9660 132835275 Renovations also took place in the original building; tenants continued to use 1 Wall Street during construction, but the vault in the basement was emptied. A refrigeration plant was installed on the annex's roof to provide air-conditioning to both parts of the building,February 14, 1965 Vault is Problem in Bank Renewal en-US R11 The New York Times 0362-4331 116763781 and cooling machinery was also installed in the basement.Miller Jerry September 1, 1963 Air-Conditioners Hoisted High Free Space for Rental Purposes en-US The New York Times https://www.nytimes.com/1963/09/01/archives/airconditioners-hoisted-high-free-space-for-rental-purposes.html February 14, 2022 0362-4331 February 14, 2022 https://web.archive.org/web/20220214162341/https://www.nytimes.com/1963/09/01/archives/airconditioners-hoisted-high-free-space-for-rental-purposes.html live The project was finished by late 1965.Vartan Vartanig G. August 17, 1965 Wall Street is Reshaping Its Skyline in Press for Space en-US 43 The New York Times 0362-4331 116966460 thumb|Cornerstone, modified to contain the words "The Bank of New York"|alt=The cornerstone on the facade, which is modified to contain the words "The Bank of New York" By 1980, Irving Trust had decided to relocate its operations center to another building near the World Trade Center. Between 1987 and 1988, Irving Trust was negotiating to merge with the Bank of New York (BNY), which at the time was headquartered nearby at 48 Wall Street. Irving Trust initially rejected buy-out offers from BNY because the latter had "undervalued" Irving Trust's assets such as 1 Wall Street.Bennett Robert A. October 10, 1987 Irving Sets Defense and Rejects Bid en-US The New York Times https://www.nytimes.com/1987/10/10/business/irving-sets-defense-and-rejects-bid.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604195106/https://www.nytimes.com/1987/10/10/business/irving-sets-defense-and-rejects-bid.html live By October 1988, with a merger imminent, Irving Trust placed 1 Wall Street for auction; at the time, the building was valued at $250 million.About US-GDP 1988 250 c 0 million in US-GDPUS-GDP lower-alphaGuenther Robert October 7, 1988 Bank of New York Faces Daunting Task – Assimilating Irving Will Be Harder Than Takeover 1 The Wall Street Journal 0099-9660 398069333 BNY acquired Irving Trust in December 1988.Bartlett Sarah December 16, 1988 An Uneven Transition for Irving en-US The New York Times https://www.nytimes.com/1988/12/16/business/an-uneven-transition-for-irving.html live April 11, 2020 https://web.archive.org/web/20200411173252/https://www.nytimes.com/1988/12/16/business/an-uneven-transition-for-irving.html April 11, 2020 0362-4331McNatt Robert December 19, 1988 Bank of N.Y. Drops Ax in Broad Restructuring Crain's New York Business 4 51 1 219096464 BNY decided to sell its old headquarters at 48 Wall Street and relocate its headquarters to 1 Wall Street.October 13, 1998 (Former) Bank of New York & Trust Company Building http://s-media.nyc.gov/agencies/lpc/lp/2025.pdf June 3, 2020 New York City Landmarks Preservation Commission 4 October 28, 2020 https://web.archive.org/web/20201028202156/http://s-media.nyc.gov/agencies/lpc/lp/2025.pdf live BNY (renamed BNY Mellon in 2007Tascarella Patty Bank of New York, Mellon complete merger Pittsburgh Business Times July 2, 2007 https://www.bizjournals.com/pittsburgh/stories/2007/07/02/daily2.html October 21, 2024) opened a museum on the 10th floor in 1998, which was dedicated to the history of both banks. During the same time, BNY hired Hoffmann Architects to conduct mortar repair and window replacements. While 1 Wall Street was not damaged following the September 11 attacks at the nearby World Trade Center in 2001, BNY's operations were disrupted, and 1 Wall Street had to be cleaned up.Hansell Saul September 29, 2001 A Nation Challenged: The Banks; Bank of New York Estimates Its Loss Will Be $125 Million en-US The New York Times https://www.nytimes.com/2001/09/29/business/nation-challenged-banks-bank-new-york-estimates-its-loss-will-be-125-million.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604224542/https://www.nytimes.com/2001/09/29/business/nation-challenged-banks-bank-new-york-estimates-its-loss-will-be-125-million.html live Sale and conversion By January 2014, BNY Mellon was looking to sell its headquarters, as it was moving to a location with less space.Bagli Charles V. January 28, 2014 Lower Manhattan Landlords Compete for BNY Mellon en-US The New York Times https://www.nytimes.com/2014/01/29/nyregion/lower-manhattan-landlords-compete-for-bny-mellon.html June 4, 2020 0362-4331 June 4, 2020 https://web.archive.org/web/20200604224503/https://www.nytimes.com/2014/01/29/nyregion/lower-manhattan-landlords-compete-for-bny-mellon.html live In May 2014, BNY Mellon sold the building to a joint venture led by Harry B. Macklowe's Macklowe Properties for $585 million,Brown Eliot Morris Keiko May 22, 2014 Bank of New York Mellon in Deal to Sell NYC Headquarters en-US The Wall Street Journal https://www.wsj.com/articles/bank-of-new-york-mellon-to-sell-nyc-headquarters-1400700052 June 4, 2020 0099-9660 June 4, 2020 https://web.archive.org/web/20200604212131/https://www.wsj.com/articles/bank-of-new-york-mellon-to-sell-nyc-headquarters-1400700052 liveLevitt David M May 22, 2014 BNY Mellon Reaches Deal for $585 Million Office Sale Bloomberg https://www.bloomberg.com/news/articles/2014-05-21/bny-mellon-reaches-deal-for-585-million-office-sale June 4, 2020 November 23, 2018 https://web.archive.org/web/20181123055456/https://www.bloomberg.com/news/articles/2014-05-21/bny-mellon-reaches-deal-for-585-million-office-sale liveBudin Jeremiah May 22, 2014 Harry Macklowe Buys One Wall Street, May Take It Residential https://ny.curbed.com/2014/5/22/10096620/harry-macklowe-buys-one-wall-street-may-take-it-residential June 4, 2020 Curbed NY en June 4, 2020 https://web.archive.org/web/20200604195108/https://ny.curbed.com/2014/5/22/10096620/harry-macklowe-buys-one-wall-street-may-take-it-residential though BNY Mellon continued to occupy the building until September 2015.Stahel Walter R. The Circular Economy: A User's Guide Taylor & Francis 2019 978-0-429-53491-1 https://books.google.com/books?id=FqqbDwAAQBAJ&pg=PT44 44 June 4, 2020 June 4, 2020 https://web.archive.org/web/20200604201029/https://books.google.com/books?id=FqqbDwAAQBAJ&pg=PT44 live Macklowe wanted to add up to 174000 ft2 of retail space at the base. Renovation thumb|left|1 Wall Street with its glass addition|alt=The glass annex to 1 Wall Street as seen from across Broadway. The original building is visible at left, and the first annex is visible behind the glass structure at right. Macklowe initially planned to make 1 Wall Street a mixed-use residential and office building, and he wanted to rent out 65 percent of the residences. In early 2017, Macklowe announced that the building would be almost entirely residential condominiums, since an all-residential building, owned by its tenants, would require less debt.Macklowe Says One Wall Street Will Now Mostly Be Condos https://therealdeal.com/2017/03/27/macklowe-says-one-wall-street-will-now-mostly-be-condos/ March 27, 2017 The Real Deal New York en-US June 1, 2020 June 4, 2020 https://web.archive.org/web/20200604001614/https://therealdeal.com/2017/03/27/macklowe-says-one-wall-street-will-now-mostly-be-condos/ liveMore Condos, Less Debt in Macklowe's New Wall Street Game Plan Oshrat Carmiel Erik Schatzker https://www.bloomberg.com/news/articles/2017-03-27/more-condos-less-debt-in-macklowe-s-new-wall-street-game-plan March 27, 2017 Bloomberg June 1, 2020 June 4, 2020 https://web.archive.org/web/20200604213119/https://www.bloomberg.com/news/articles/2017-03-27/more-condos-less-debt-in-macklowe-s-new-wall-street-game-plan live Macklowe Properties partnered with former Prime Minister of Qatar Hamad bin Jassim bin Jaber Al Thani in a bid to convert the office property into 566 condos with retail at the base.Harry Macklowe Closes on $750M Construction Loan for One Wall Street https://therealdeal.com/2018/11/21/harry-macklowe-closes-on-750m-construction-loan-for-one-wall-street/ Bockmann Rich Balbi Danielle November 21, 2018 The Real Deal New York en-US June 1, 2020 June 25, 2020 https://web.archive.org/web/20200625114457/https://therealdeal.com/2018/11/21/harry-macklowe-closes-on-750m-construction-loan-for-one-wall-street/ live The renovation was originally supposed to be designed by Robert A.M. Stern Architects, who were replaced by SLCE Architects. Ashe Leandro, Deborah Berke Partners, and Moed de Armas and Shannon also redesigned parts of the building, and Deutsche Bank provided a $750 million mortgage loan for the conversion. At the time, the project was the largest conversion of office space to residential space in New York City, covering nearly 1.2 e6ft2 m2.Leung Shirley July 9, 2023 Time, Money, Tax Breaks. What Boston Can Learn About Creating a Downtown That Never Sleeps. https://www.bostonglobe.com/2023/07/09/business/time-money-tax-breaks-what-boston-can-learn-about-creating-downtown-that-never-sleeps/ July 5, 2024 Boston Globe July 2, 2024 https://web.archive.org/web/20240702041923/https://www.bostonglobe.com/2023/07/09/business/time-money-tax-breaks-what-boston-can-learn-about-creating-downtown-that-never-sleeps/ live As part of the renovation, 34 elevators and 16 escalators were removed.WATCH: Inside Macklowe's Gut Renovation of Historic One Wall Street https://therealdeal.com/2019/03/26/watch-inside-macklowes-gut-renovation-of-historic-one-wall-street/ Pogoff Adam Muldowney Decca March 26, 2019 The Real Deal New York en-US June 1, 2020 September 27, 2020 https://web.archive.org/web/20200927135057/https://therealdeal.com/2019/03/26/watch-inside-macklowes-gut-renovation-of-historic-one-wall-street/ live The original layout of the building included elevators near the perimeter wall, but this took up usable space near windows. As such, Macklowe removed 20 of the elevators that served upper floors and added 10 new elevators in the building core; new stairs were also constructed to replace the existing stairs. The demolition of the interior was completed in November 2018.Walker Ameena November 27, 2018 FiDi's Landmark One Wall Street Condo Conversion Hits a Construction Milestone https://ny.curbed.com/2018/11/27/18114973/financial-district-one-wall-street-construction-update June 2, 2020 Curbed NY June 4, 2020 https://web.archive.org/web/20200604195550/https://ny.curbed.com/2018/11/27/18114973/financial-district-one-wall-street-construction-update The Red Room was restored between 2016 and 2018, in advance of its conversion into a retail space.A Wall Street Lobby Restored to Its Former Glory http://www.theartnewspaper.com/news/a-wall-street-lobby-restored-to-its-former-glory Kenney Nancy July 19, 2019 The Art Newspaper May 1, 2020 September 3, 2020 https://web.archive.org/web/20200903053850/https://www.theartnewspaper.com/news/a-wall-street-lobby-restored-to-its-former-glory live The Red Room's restoration used tiles that had been placed in storage and unused when the building was originally erected. The facade was restored using stone from the quarry that had supplied the material for Walker's original building. Eight stories were added to the southern annex, and the third floor was demolished to make a higher ceiling for the retail space. A new entrance was also constructed on Broadway, with a design based on one of Walker's unrealized plans for the building. Whole Foods Market leased a 44000 sqft m2 on storefront in 2016,July 28, 2016 Whole Foods Leases 44K Sf at Macklowe's 1 Wall Street https://therealdeal.com/2016/07/28/whole-foods-leases-44k-sf-at-macklowes-one-wall-street/ live https://web.archive.org/web/20200604210820/https://therealdeal.com/2016/07/28/whole-foods-leases-44k-sf-at-macklowes-one-wall-street/ June 4, 2020 June 1, 2020 The Real Deal New York en-USSchram Lauren Elkies July 27, 2016 Whole Foods Secures 44K-SF Lease at Macklowe's One Wall Street https://commercialobserver.com/2016/07/whole-foods-secures-44k-sf-lease-at-macklowes-one-wall-street/ live https://web.archive.org/web/20200604212417/https://commercialobserver.com/2016/07/whole-foods-secures-44k-sf-lease-at-macklowes-one-wall-street/ June 4, 2020 June 1, 2020 Commercial Observer en-US and Life Time Fitness signed a 74000 sqft m2 on lease for a gym on the lowest four floors in 2019.Schram Lauren Elkies January 7, 2019 Life Time Takes 74K SF at 1 Wall Street for Its Second Manhattan Fitness Center Commercial Observer https://commercialobserver.com/2019/01/life-time-retail-lease-macklowe-properties-1-wall-street/ live June 4, 2020 https://web.archive.org/web/20200618093733/https://commercialobserver.com/2019/01/life-time-retail-lease-macklowe-properties-1-wall-street/ June 18, 2020 Macklowe originally hired Core Real Estate to market the apartments. However, he replaced Core with Compass, Inc., in December 2020,Solomont E.B. December 3, 2020 Macklowe Properties Swap Core for Compass at 1 Wall Street https://therealdeal.com/2020/12/03/macklowe-taps-compass-to-sell-1-wall-street/ live October 22, 2021 The Real Deal New York en-US https://web.archive.org/web/20201203214847/https://therealdeal.com/2020/12/03/macklowe-taps-compass-to-sell-1-wall-street/ December 3, 2020 prompting Core to sue Macklowe for unpaid brokerage fees.Hudson Erin July 30, 2021 Dumped by Macklowe and Churchill, Core Real Estate Demands Fees https://therealdeal.com/2021/07/30/dumped-by-macklowe-and-churchill-core-real-estate-demands-fees/ live October 22, 2021 The Real Deal New York https://web.archive.org/web/20210730124034/https://therealdeal.com/2021/07/30/dumped-by-macklowe-and-churchill-core-real-estate-demands-fees/ July 30, 2021 Sales of residential units were launched in September 2021.Sales Launch at One Wall Street: Art Deco Icon Reinvented by – Market Insight September 16, 2021 CityRealty https://www.cityrealty.com/nyc/market-insight/features/future-nyc/sales-launch-one-wall-street-art-deco-icon-reinvented-macklow-robert-am-stern-architects/39321 September 27, 2021 September 27, 2021 https://web.archive.org/web/20210927234036/https://www.cityrealty.com/nyc/market-insight/features/future-nyc/sales-launch-one-wall-street-art-deco-icon-reinvented-macklow-robert-am-stern-architects/39321 live By March 2022, Macklowe and Al Thani planned to refinance 1 Wall Street for $1.1 billion, using the proceeds to pay off construction costs and outstanding debt.Coen Andrew Macklowe Seeking $1.1B Refi for One Wall Street Commercial Observer March 30, 2022 https://commercialobserver.com/2022/03/macklowe-seeking-1-1b-refi-for-one-wall-street/ July 17, 2022 July 17, 2022 https://web.archive.org/web/20220717041021/https://commercialobserver.com/2022/03/macklowe-seeking-1-1b-refi-for-one-wall-street/ liveHolden Walter-Warner March 30, 2022 Macklowe Seeking $1.1B Refi of One Wall Street https://therealdeal.com/2022/03/30/macklowe-seeks-1-1b-refi-of-one-wall-street/ July 17, 2022 The Real Deal New York en-US July 17, 2022 https://web.archive.org/web/20220717041021/https://therealdeal.com/2022/03/30/macklowe-seeks-1-1b-refi-of-one-wall-street/ live At that point, the renovation was projected to be completed by the end of 2022. Post-renovation and sales struggles thumb|Printemps storefront, featuring a light installation from Grimanesa Amorós. French department store Printemps announced in September 2022 that it would open a store at 1 Wall Street,Baird-Remba Rebecca September 8, 2022 French Luxury Retailer Printemps Opening Store at One Wall Street https://commercialobserver.com/2022/09/french-department-store-printemps-opening-first-us-store-at-one-wall-street/ December 25, 2022 Commercial Observer December 25, 2022 https://web.archive.org/web/20221225222313/https://commercialobserver.com/2022/09/french-department-store-printemps-opening-first-us-store-at-one-wall-street/ liveDilakian Steven September 7, 2022 Printemps Opening First U.S. Store at Macklowe's One Wall Street https://therealdeal.com/2022/09/07/french-retailer-printemps-to-open-first-u-s-store-at-macklowes-one-wall-street/ December 25, 2022 The Real Deal New York en-US December 25, 2022 https://web.archive.org/web/20221225222313/https://therealdeal.com/2022/09/07/french-retailer-printemps-to-open-first-u-s-store-at-macklowes-one-wall-street/ live citing the presence of several cultural centers in the Financial District.Velsey Kim March 7, 2025 Can Printemps Fix Fidi's Wonky Retail Scene? https://www.curbed.com/article/printemps-fidi-wall-street-retail-scene-manhattan.html March 8, 2025 Curbed The store was to cover 55000 ft2 on two floors,Moin David August 29, 2023 What to Watch: Printemps' New York City Venture https://wwd.com/business-news/retail/printemps-new-york-city-venture-1235772980/ July 5, 2024 WWD November 15, 2023 https://web.archive.org/web/20231115060843/https://wwd.com/business-news/retail/printemps-new-york-city-venture-1235772980/ live including a shoe salon in the Red Room, as well as a bar and a restaurant.Reid Hilary Guo Kitty Printemps Is Here The Strategist March 12, 2025 https://nymag.com/strategist/article/printemps-opens-nyc-1-wall-st.html March 12, 2025Binkley Christina March 3, 2025 New York's 'New Retail'? Printemps's US arrival pulls out all the stops https://www.voguebusiness.com/story/consumers/new-yorks-new-retail-printempss-us-arrival-pulls-out-all-the-stops March 4, 2025 Vogue Business The architect Laura Gonzalez redesigned some of the ground-floor spaces for Printemps. The Whole Foods Market at the building's base opened in January 2023.January 12, 2023 Whole Foods One Wall Street Has Opened in Fidi https://tribecacitizen.com/2023/01/12/whole-foods-one-wall-street-has-opened-in-fidi/ December 1, 2023 Tribeca Citizen December 7, 2023 https://web.archive.org/web/20231207091857/https://tribecacitizen.com/2023/01/12/whole-foods-one-wall-street-has-opened-in-fidi/ liveRahmanan Anna January 13, 2023 Four Things to Know About the Brand New Whole Foods on Wall Street https://www.timeout.com/newyork/news/four-things-to-know-about-the-brand-new-whole-foods-on-wall-street-011323 December 1, 2023 Time Out New York May 23, 2023 https://web.archive.org/web/20230523020500/https://www.timeout.com/newyork/news/four-things-to-know-about-the-brand-new-whole-foods-on-wall-street-011323 live The first residents were scheduled to move into the building that March,Epstein Jennifer New York City's Largest Office-To-Condo Conversion Prepares to Open https://www.bloomberg.com/news/articles/2023-02-23/nyc-s-biggest-office-to-condo-conversion-opens?srnd=premium&sref=CIpmV6x8 February 23, 2023 Bloomberg February 23, 2023 en July 5, 2024 https://web.archive.org/web/20240705151607/https://www.bloomberg.com/news/articles/2023-02-23/nyc-s-biggest-office-to-condo-conversion-opens?srnd=premium&sref=CIpmV6x8 live and construction was officially completed that month. When the renovation was completed, 1 Wall Street's owners wanted to operate a bar there, but the building was across the street from Trinity Church, and state law prevented bars from operating within 200 ft of a house of worship. As a result, the New York State Legislature granted a waiver to allow the bar to open.Gormley Michael August 29, 2024 Gov. Kathy Hochul OKs more exemptions to 19th century law banning bars near churches, schools https://www.newsday.com/news/region-state/kathy-hochol-liquor-exemptions-200-foot-rule-dxcj4u26 January 30, 2025 Newsday The Printemps store ultimately opened in March 2025.Williams Ryan March 21, 2025 Inside Printemps NYC Opening With Katie Holmes, Parker Posey and More https://wwd.com/eye/parties/gallery/printemps-nyc-opening-photos-1237058049/ March 22, 2025 WWDSidell Misty White Apisukh Lanna March 22, 2025 Printemps, the Luxury French Department Store, Opens in NYC https://www.nytimes.com/2025/03/22/style/printemps-store-manhattan.html March 22, 2025 The New York Times en-US 0362-4331 alt=The Red Room, photographed in 2025 after the Printemps store opened there. The room has various shelves shaped like plants, which display women's shoes.|thumb|The Red Room after the opening of the Printemps store Meanwhile, Macklowe received a $300 million inventory loan for the building in October 2023 after sales underperformed expectations.Jones Orion October 3, 2023 Harry Macklowe Gets Inventory Loan at 1 Wall Street https://therealdeal.com/new-york/2023/10/03/harry-macklowe-gets-inventory-loan-at-1-wall-street/ November 10, 2023 The Real Deal November 10, 2023 https://web.archive.org/web/20231110174504/https://therealdeal.com/new-york/2023/10/03/harry-macklowe-gets-inventory-loan-at-1-wall-street/ liveOctober 10, 2023 Harry Macklowe's 1 Wall Street Lands $300M Inventory Loan https://www.connectcre.com/stories/harry-macklowes-1-wall-street-lands-300m-inventory-loan/ November 10, 2023 Connect CRE November 10, 2023 https://web.archive.org/web/20231110174506/https://www.connectcre.com/stories/harry-macklowes-1-wall-street-lands-300m-inventory-loan/ live At the time, there were 479 unsold units out of 566 total apartments, and the project had cost $2.9 billion to date. Sales remained lower than expected; by February 2024, only about 100 apartments had been sold.Clarke Katherine March 22, 2024 Mansion—Making Sense of NYC's Confusing Luxury Market—From Where the Big Deals Are Happening to New Condo Inventory, Here's Everything You Need to Know About What's Happening at the High End https://www.wsj.com/real-estate/luxury-homes/new-york-city-luxury-home-market-304b182d July 5, 2024 The Wall Street Journal M.1 0099-9660 2973019140 June 15, 2024 https://web.archive.org/web/20240615130724/https://www.wsj.com/real-estate/luxury-homes/new-york-city-luxury-home-market-304b182d live Asian investors comprised about half of the condominium owners by that year, but such sales were slowing down due to new foreign exchange controls in China. Industry experts cited two other reasons for the lagging sales: Condos were overpriced compared to similar units nearby, and there was a general oversupply of vacant residential units in the Financial District.Macklowe replaced the sales agents from Compass, Inc., in May 2024 with two brokers from Macklowe Properties.Jones Orion May 17, 2024 Macklowe Drops Compass from One Wall Street Sales https://therealdeal.com/new-york/2024/05/17/macklowe-drops-compass-from-one-wall-street-sales/ August 29, 2024 The Real Deal By November 2024, the New York Post said sales of 1 Wall Street condominiums had been "a bust", noting Macklowe had closed on only 112 of the 566 units after four years of sales. The total sales amount of $230 million represented just 14% of Macklowe's projected $1.7 billion sellout, not including a triplex penthouse which had not yet been marketed. A majority of the sales were identified through official Automated City Register Information System records to have been bought by Asian and Russian buyers, primarily as investment properties with many of the sold units back on the market for rent.Cuozzo Steve Harry Macklowe's $2B conversion of One Wall Street to luxe condos has been a bust for the billionaire AOL New York Post November 26, 2024 https://www.aol.com/harry-macklowe-2b-conversion-one-164306851.html April 16, 2025 Impact Reception 1 Wall Street received an accolade from the Broadway Association in 1931; the association designated the building as the "most worthy of civic endorsement" out of all structures erected around Broadway in 1930.January 13, 1931 Irving Trust Building Gets Broadway Prize; Association Votes Architecture Award for 1930—Wide Traffic Reforms Are Outlined. en-US The New York Times https://www.nytimes.com/1931/01/13/archives/irving-trust-building-gets-broadway-prize-association-votes.html May 31, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605043128/https://www.nytimes.com/1931/01/13/archives/irving-trust-building-gets-broadway-prize-association-votes.html liveJanuary 13, 1931 Broadway Award Made: Tablet Goes to New Irving Trust Company Building 9 1941-0646 New York Herald Tribune 1114042656 A writer for the New York Evening Post called Meière's lobby mural "one of the most costly and beautiful pieces of mural decoration ever attempted in the United States".McCarroll Marion Clyde April 13, 1931 Noted Woman Mural Artist Finds Idea for New Design in Daily Routine of Average American "Working Girl" https://fultonhistory.com/highlighter/highlight-for-xml?altUrl=https%3A%2F%2Ffultonhistory.com%2FNewspaper%252011%2FNew%2520York%2520Evening%2520Post%2FNew%2520York%2520NY%2520Evening%2520Post%25201931%2520Grayscale%2FNew%2520York%2520NY%2520Evening%2520Post%25201931%2520Grayscale%2520-%25202605.pdf June 4, 2020 New York Evening Post fultonhistory.com April 4, 2022 https://web.archive.org/web/20220404184409/https://fultonhistory.com/Newspaper%2011/New%20York%20Evening%20Post/New%20York%20NY%20Evening%20Post%201931%20Grayscale/New%20York%20NY%20Evening%20Post%201931%20Grayscale%20-%202605.pdf live Eugene Clute of Metal Arts magazine described the walls as "a rich, free-hanging fabric" and "a cage set within the frame of the building and finished with a lining that has no more structural significance than the lining of my lady's work basket". Architectural critics of the mid-20th century generally ignored the building in favor of more widely renowned structures, such as the Empire State Building, the Chrysler Building, and 40 Wall Street. Architectural reviewer Lewis Mumford criticized 1 Wall Street's facade for not accurately representing its internal design, saying: "Chaste though that exterior is, it is mere swank, and unconvincing swank at that".Abramson 2001 . 110Mumford Lewis https://archive.org/details/sidewalkcriticle0000mumf/page/65 registration Sidewalk Critic: Lewis Mumford's Writings on New York Princeton Architectural Press 1998 978-1-56898-133-8 65 June 4, 2020 Because of Irving Trust's role as a receiver for bankrupt companies, 1 Wall Street was called the "Central Repair Shop for Broken Businesses". Architectural historian Robert A. M. Stern wrote in his 1987 book New York 1930 that 1 Wall Street's proximity to other skyscrapers including 70 Pine Street, 20 Exchange Place, 40 Wall Street, and the Downtown Athletic Club had reduced older skyscrapers "to the status of foothills in a new mountain range".. Stern Gilmartin Mellins 1987 603 Daniel Abramson wrote in 2001 that the "corner and tower treatments appear blocky and conventional" compared to 70 Pine Street, though 1 Wall Street was still distinguished in its massing and the curves in its facade. Later architectural critics also praised the structure. Ada Louise Huxtable of The New York Times wrote in 1975 that 1 Wall Street was an "Art Deco masterpiece".Huxtable Ada Louise December 21, 1975 Architecture View en-US The New York Times https://www.nytimes.com/1975/12/21/archives/architecture-view-groomss-zany-manhattan-puts-the-city-in-focus.html June 1, 2020 0362-4331 June 5, 2020 https://web.archive.org/web/20200605044711/https://www.nytimes.com/1975/12/21/archives/architecture-view-groomss-zany-manhattan-puts-the-city-in-focus.html live In a 2001 analysis, the Times characterized the Empire State Building, the Chrysler Building, and 1 Wall Street as three great Art Deco buildings in New York City. Stern stated that in 1 Wall Street's design, "structure became an unseen prop for poetry"; he further called the building's form "a natural precipice of stone shaped by erosion".. Stern Gilmartin Mellins 1987 568 Architectural writer Eric P. Nash called 1 Wall Street "one of the most delicate, even feminine, skyscrapers ever built". After the building's residential conversion was completed in 2023, a Daily Beast reporter wrote that the structure's conversion could be a model for other office-to-residence conversions. Adriane Quinlan of Curbed contrasted the building with Macklowe's ultra-luxury tower at 432 Park Avenue, calling 1 Wall Street "Macklowe's tower for the working, rather than the obscenely, rich". Ian Volner, writing for Curbed in 2024, described the Red Room as "an over-the-top dream of period pizzazz that makes Baz Luhrmann's Gatsby look like a work of sober realism".Volner Ian July 24, 2024 Printemps is Coming to One Wall Street https://www.curbed.com/article/printemps-one-wall-street-fidi-macklowe-laura-gonzalez.html July 25, 2024 Curbed Landmark designations In 2001, the New York City Landmarks Preservation Commission (LPC) designated the original portion of 1 Wall Street as an official city landmark. The designation only included the exterior of the original building and did not extend to the southern annex. The Red Room's interior was not given a separate interior-landmark designation because such designations at the time were reserved for publicly accessible spaces. Since the Red Room could only be used by BNY Mellon workers at the time of the exterior designation, the LPC considered it to be closed to the public. The LPC agreed in December 2023 to hold hearings on whether to designate the Red Room's interior as a landmark,December 19, 2023 (Proposed) 1 Wall Street Banking Room Interior https://www.nyc.gov/assets/lpc/downloads/pdf/proposed_landmarks/1_Wall_Street_Banking_Room_Interior_proposed.pdf January 17, 2024 New York City Landmarks Preservation Commission July 5, 2024 https://web.archive.org/web/20240705151541/https://www.nyc.gov/assets/lpc/downloads/pdf/proposed_landmarks/1_Wall_Street_Banking_Room_Interior_proposed.pdf live and the Red Room was designated as an interior landmark on June 25, 2024.Roche Daniel Jonas 1 Wall Street Banking Room Designated Interior Landmark by New York City Landmarks Preservation Commission The Architect's Newspaper June 25, 2024 https://www.archpaper.com/2024/06/1-wall-street-banking-room-designated-interior-landmark/ June 27, 2024 June 26, 2024 https://web.archive.org/web/20240626005002/https://www.archpaper.com/2024/06/1-wall-street-banking-room-designated-interior-landmark/ live As a result of the exterior landmark designation's limited scope, most of the modifications made during the 2010s condominium conversion, such as the glass retail addition, were made to the annex. Changes to designated landmarks required the commission's approval, but the annex was out of the commission's scope. In 2007, the building was designated as a contributing property to the Wall Street Historic District,February 20, 2007 Wall Street Historic District https://catalog.archives.gov/medialz/electronic-records/rg-079/NPS_NY/05000988.pdf National Register of Historic Places, National Park Service February 9, 2021 4–5 February 19, 2021 https://web.archive.org/web/20210219214221/https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/rg-079/NPS_NY/05000988.pdf live a National Register of Historic Places district.2007 National Register of Historic Places 2007 Weekly Lists https://www.nps.gov/subjects/nationalregister/upload/weekly-list-2007-national-register-of-historic-places.pdf July 20, 2020 National Park Service 65 December 28, 2019 https://web.archive.org/web/20191228214611/https://www.nps.gov/subjects/nationalregister/upload/weekly-list-2007-national-register-of-historic-places.pdf live See also Art Deco architecture of New York City List of buildings and structures on Broadway in Manhattan List of tallest buildings in New York City List of New York City Designated Landmarks in Manhattan below 14th Street References Notes Explanatory notes Inflation figures Citations Sources Abramson Daniel Skyscraper Rivals: the AIG Building and the Architecture of Wall Street Princeton Architectural Press 2001 978-1-56898-244-1 44467412 Irving Trust Company Opens New Building Bankers' Magazine May 1931 122 5 695–704 124378200 Bankers' Magazine 1931 Buckley Lisa 1 Wall Street Banking Room Interior http://s-media.nyc.gov/agencies/lpc/lp/2679.pdf June 25, 2024 New York City Landmarks Preservation Commission Kurshan Virginia 1 Wall Street Building http://s-media.nyc.gov/agencies/lpc/lp/2029.pdf March 13, 2001 New York City Landmarks Preservation Commission Robinson Cervin Skyscraper Style: Art Deco, New York Oxford University Press 1975 978-0-19-502112-7 https://archive.org/details/skyscraperstylea0000robi/ registration 1266717 1930 Walker Ralph T. May 1930 The Relation of Skyscrapers to Our Life https://usmodernist.org/AF/AF-1930-05.pdf Architectural Forum 52 5 689–695 External links https://www.onewallstreet.com collapsed Architecture New York City United States Category:1 Wall Street Category:1930s architecture in the United States Category:1931 establishments in New York City Category:Art Deco architecture in Manhattan Category:Art Deco skyscrapers Category:Bank buildings in Manhattan Building Category:Broadway (Manhattan) Category:Financial District, Manhattan Category:Historic district contributing properties in Manhattan Category:New York City Designated Landmarks in Manhattan Category:New York City interior landmarks Category:Office buildings completed in 1931 Category:Ralph Thomas Walker buildings Category:Residential buildings completed in 1931 Category:Residential skyscrapers in Manhattan Category:Skyscraper office buildings in Manhattan Category:Wall Street