17 State Street

Office skyscraper in Manhattan, New York April 2024 April 2024 17 State Street Complete 17 State Street, Downtown - panoramio crop.jpg (July 2009) 250px 17 State Street,Manhattan, New York, U.S. yes 40 42 10 N 74 00 50 W region:US-NY inline,title 1988 Roy Gee of Emery Roth & Sons RFR Holding 525000 ft2 42 255520005486 Office Modernism 542 ft DeSimone Consulting Engineers RFR Realty 17 State Street is a 42-story office building along State Street and Battery Park in the Financial District of Lower Manhattan in New York City. Completed in 1988, it was designed by Roy Gee for Emery Roth and Sons for developers William Kaufman Organization and JMB Realty. The building is shaped like a quarter round, with a curved glass facade facing New York Harbor. At ground level, large aluminum columns surround a lobby and elevator hall. Next to the lobby was a public exhibition space called "New York Unearthed", which was operated by the South Street Seaport Museum from 1990 to 2005. The building has a total floor area of 525000 ft2; each story was designed for small tenants. The building, a speculative development, replaced the 23-story headquarters of the Seamen's Church Institute of New York and New Jersey, which had been completed by 1969. Construction of the current skyscraper started in 1985, and the building was nearly empty when it was completed three years later. The exhibition space at the building's base was constructed following a controversy over the destruction of potential artifacts on the site. The Teachers Insurance and Annuity Association of America bought 17 State Street in 1989 and sold it to Steve Witkoff in 1998. RFR Holding has owned the building since 1999. Site 17 State Street is in the Financial District of Lower Manhattan in New York City.17 State Street, 10004 https://zola.planning.nyc.gov/l/lot/1/9/147501 March 25, 2021 New York City Department of City Planning August 29, 2022 https://web.archive.org/web/20220829214403/https://zola.planning.nyc.gov/l/lot/1/9/147501 live White Willensky Leadon 2010 . 11–12 The land lot covers the western end of a city block bounded by State Street to the west and south, Pearl Street to the north, and Whitehall Street to the east. The irregularly shaped site covers 23080 ft2 m2,17 State Street https://www.emporis.com/buildings/115586/17-state-street-new-york-city-ny-usa January 1, 2021 Emporis August 12, 2022 https://web.archive.org/web/20220812214755/https://www.emporis.com/buildings/115586/17-state-street-new-york-city-ny-usa usurped with a frontage of 227.83 ft on State Street and a depth of 203.09 ft. On the same block, to the east, are the Shrine of St. Elizabeth Ann Bayley Seton, as well as the shrine's rectory, located within the James Watson House.Dunlap David W. September 15, 1991 Hidden Corners of Lower Manhattan en-US The New York Times https://www.nytimes.com/1991/09/15/travel/hidden-corners-of-lower-manhattan.html August 12, 2022 0362-4331 January 30, 2020 https://web.archive.org/web/20200130174651/https://www.nytimes.com/1991/09/15/travel/hidden-corners-of-lower-manhattan.html live Other nearby places include Battery Park to the west, the Staten Island Ferry Whitehall Terminal on Peter Minuit Plaza to the south, 2 New York Plaza to the southeast, and 1 New York Plaza to the east. Due to its location near the southern tip of Manhattan Island, the building is visible from a distance.Stern Fishman Tilove 2006 . 252–253 Previous buildings Prior to the expansion of Lower Manhattan in the 18th and 19th centuries, the site of 17 State Street was directly along the shore line of New York Harbor. By 1660, the site was part of the Dutch colony of New Amsterdam, and there were 15 structures on the block, including nine on the current skyscraper's site.Landmarks Preservation Commission 1986 . 6–7 The site contained the homes of two Dutch and two English families, and the family of Jewish settler Abraham Isaacs lived on the site in the 18th century.Clifford Timothy July 27, 1986 Piece of City's History Buried at Building Site 9 Newsday 285338610Dunlap David W. May 6, 1990 Commercial Property: State Street Penitent; A Taste of the Past to Emend a Builder's Blunder en-US The New York Times https://www.nytimes.com/1990/05/06/realestate/commercial-property-state-street-penitent-taste-past-emend-builder-s-blunder.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811234403/https://www.nytimes.com/1990/05/06/realestate/commercial-property-state-street-penitent-taste-past-emend-builder-s-blunder.html live Landmarks Preservation Commission 1986 . 10 The original houses on the site were redeveloped with four- and five-story apartments in the mid-19th century.Landmarks Preservation Commission 1986 . 16 The 11-story Chesebrough Building was built on the northwestern corner of the block in 1898.Landmarks Preservation Commission 1986 . 23March 14, 1898 New Chesebrough Building; Contract for Its Erection Awarded to a Chicago Firm. en-US The New York Times https://www.nytimes.com/1898/03/14/archives/new-chesebrough-building-contract-for-its-erection-awarded-to-a.html August 12, 2022 0362-4331 August 12, 2022 https://web.archive.org/web/20220812221624/https://www.nytimes.com/1898/03/14/archives/new-chesebrough-building-contract-for-its-erection-awarded-to-a.html live The Seamen's Church Institute of New York and New Jersey had announced plans for a tower on the site in 1966, replacing the Chesebrough Building.O'Kane Lawrence October 20, 1966 Seamen Will Get a 23-story Home; Church Institute Is Building One at Battery to Replace 'Obsolete' Structure en-US The New York Times https://www.nytimes.com/1966/10/20/archives/seamen-will-get-a-23story-home-church-institute-is-building-one-at.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811205914/https://www.nytimes.com/1966/10/20/archives/seamen-will-get-a-23story-home-church-institute-is-building-one-at.html live The 23-story structure replaced the institute's previous headquarters, which had been demolished to make way for 55 Water Street.183 1960 Eggers & Higgins designed the Seamen's Church Institute Building,Stern Fishman Tilove 2006 . 248 a red-brick structure that opened in 1968February 9, 1968 Seamen's Church Institute Begins Move to New Quarters en-US The New York Times https://www.nytimes.com/1968/02/09/archives/seamens-church-institute-begins-move-to-new-quarters.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811214707/https://www.nytimes.com/1968/02/09/archives/seamens-church-institute-begins-move-to-new-quarters.html live or 1969.Landmarks Preservation Commission 1986 . 38 The structure had classrooms and other training facilities on its lowest five floors, while the upper 18 stories included 260 rooms for sailors who lived there. Because of a decline in the shipping industry shortly after the institute's headquarters was completed, the edifice was never profitable.DePalma Anthony September 18, 1985 Real Estate; Replacing Seamen's Institute en-US The New York Times https://www.nytimes.com/1985/09/18/business/real-estate-replacing-seamen-s-institute.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811205914/https://www.nytimes.com/1985/09/18/business/real-estate-replacing-seamen-s-institute.html live The institute's building was demolished 16 years after its completion.White Willensky Leadon 2010 . 11 Architecture thumb|left|upright|The building as seen from directly across State Street 17 State Street was designed by Roy Gee of the firm of Emery Roth and Sons.Wall Diana diZerega Touring Gotham's Archaeological Past Cantwell Anne-Marie Yale University Press 2008 978-0300137897 27Goldberger Paul July 17, 1988 Architecture View; At 17 State Street, High Tech Passes Into the Vernacular en-US The New York Times https://www.nytimes.com/1988/07/17/arts/architecture-view-at-17-state-street-high-tech-passes-into-the-vernacular.html August 11, 2022 0362-4331 February 23, 2016 https://web.archive.org/web/20160223042107/http://www.nytimes.com/1988/07/17/arts/architecture-view-at-17-state-street-high-tech-passes-into-the-vernacular.html live It was developed by Melvyn Kaufman of the William Kaufman Organization, along with JMB Realty.Peterson Iver June 22, 1988 About Real Estate; A New Manhattan Office Tower Awaits First Tenant en-US The New York Times https://www.nytimes.com/1988/06/22/business/about-real-estate-a-new-manhattan-office-tower-awaits-first-tenant.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811205910/https://www.nytimes.com/1988/06/22/business/about-real-estate-a-new-manhattan-office-tower-awaits-first-tenant.html live The building is 542 ft tall and is variously cited as containing 41,McCain Mark May 10, 1987 Voracious Space Demand Meets a Surging Supply en-US The New York Times https://www.nytimes.com/1987/05/10/realestate/voracious-space-demand-meets-a-surging-supply.html August 11, 2022 0362-4331 February 14, 2022 https://web.archive.org/web/20220214215433/https://www.nytimes.com/1987/05/10/realestate/voracious-space-demand-meets-a-surging-supply.html live 42,McCain Mark December 11, 1988 Commercial Property: Empty Offices; Pegging Rents High, and Waiting for 'Right Tenants' en-US The New York Times https://www.nytimes.com/1988/12/11/realestate/commercial-property-empty-offices-pegging-rents-high-waiting-for-right-tenants.html August 11, 2022 0362-4331 December 15, 2017 https://web.archive.org/web/20171215111700/http://www.nytimes.com/1988/12/11/realestate/commercial-property-empty-offices-pegging-rents-high-waiting-for-right-tenants.html live or 43 stories. 17 State Street's design was relatively conventional, contrasting with other buildings developed by the Kaufman Organization, such as 77 Water Street (which contained a statue of a camel) and 747 Third Avenue (which had a wavy brick sidewalk).Sommerfield Frank May 11, 1987 Mel Kaufman Hates the Word 'Developer' Crain's New York Business 3 19 3 219114015 Form and facade The massing is shaped like a quarter round, since it follows State Street's curved path. The primary elevation of the facade is curved and faces Battery Park, while the other two elevations are flat and perpendicular to each other.Stern Fishman Tilove 2006 . 253 The facade itself consists of a silvered-glass curtain wall. This color was selected to stand out from the black facades of the neighboring buildings. The curtain wall on State Street was designed as a continuous surface without external flanges. The side walls are made of glass and aluminum. At night, a light beam extended above the building's roof, creating what architectural writer Paul Goldberger described as "quite literally a beacon for Lower Manhattan". The beam of light, designed by Howard Brandston, was known as Icon. Features thumb|Lobby entrance 17 State Street's office stories are supported by aluminum columns, which rise 25 ft above ground level. The building's main lobby is a glass rotunda measuring 30 ft across. The rotunda leads to a pair of rectangular elevator lobbies, which contain walls with X-shaped trusses.Kayden Jerold S. March 31, 2016 17 State Street https://apops.mas.org/pops/m010031/ August 12, 2022 Privately Owned Public Space (APOPS) August 12, 2022 https://web.archive.org/web/20220812004332/https://apops.mas.org/pops/m010031/ live The ceilings of the elevator cabs contain translucent panels, while the walls of these elevators are clad with gray enamel. A second set of elevators serves all stories above the 22nd floor.June 26, 2006 The Transom https://observer.com/2006/06/the-transom-116/ August 12, 2022 Observer August 12, 2022 https://web.archive.org/web/20220812214755/https://observer.com/2006/06/the-transom-116/ live At night, the walls of the lobby were illuminated. Next to the lobby was a public exhibition space called "New York Unearthed", which was operated by the South Street Seaport MuseumSlesin Suzanne October 18, 1990 New York Unearthed at a New Museum en-US The New York Times https://www.nytimes.com/1990/10/18/garden/new-york-unearthed-at-a-new-museum.html August 12, 2022 0362-4331 August 12, 2022 https://web.archive.org/web/20220812004333/https://www.nytimes.com/1990/10/18/garden/new-york-unearthed-at-a-new-museum.html live and displayed artifacts that had been excavated in Lower Manhattan.February 28, 1993 This museum bares our 'bones' 364 Daily News https://www.newspapers.com/clip/107473706/this-museum-bares-our-bones/ August 12, 2022 August 12, 2022 https://web.archive.org/web/20220812211402/https://www.newspapers.com/clip/107473706/this-museum-bares-our-bones/ live It opened in 1990 and was closed to the public around 2005.Gannon Megan April 26, 2014 NYC Artifacts, Including City Hall Douche, Get a New Home http://my.news.yahoo.com/nyc-artifacts-including-city-hall-douche-home-125038069.html August 12, 2022 Yahoo Malaysia August 29, 2022 https://web.archive.org/web/20220829214401/https://malaysia.news.yahoo.com/nyc-artifacts-including-city-hall-douche-home-125038069.html live Schwartz Michele February 27, 2005 Hard Times for History 238 Newsday https://www.newspapers.com/clip/107473297/hard-times-for-historymichele-schwartz/ August 12, 2022 August 12, 2022 https://web.archive.org/web/20220812211402/https://www.newspapers.com/clip/107473297/hard-times-for-historymichele-schwartz/ live Artifacts were also displayed in a hole that had been excavated into the pavement. The New York Times cites the building as having a total floor area of 525000 ft2. The Times cites each of the building's stories as containing about 13000 ft2 of office space, while building owner RFR Holding cites each story as containing 14,500 to 14,900 ft2.July 19, 2022 17 State Street – Property Management https://rfr.com/properties/property/17-state-street/ August 12, 2022 Property Management October 19, 2021 https://web.archive.org/web/20211019120804/https://rfr.com/properties/property/17-state-street/ live Each story is 12 ft high. According to Goldberger, the offices were designed to a particularly high quality. The office stories contained full-height windows with small radiators beneath each window, and the restrooms included backlit mirrors above stainless-steel sinks. There were two restrooms on each story, which were restricted to that story's tenants. Due to the relatively small size of the building, these office stories were largely marketed toward small tenants. When the building opened, Melvyn Kaufman wanted to lease the space to foreign companies.Dunlap David W. January 5, 1987 Column One: the Battery; A Museum Turns To Congress for Help en-US The New York Times https://www.nytimes.com/1987/01/05/nyregion/column-one-the-battery-a-museum-turns-to-congress-for-help.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811214708/https://www.nytimes.com/1987/01/05/nyregion/column-one-the-battery-a-museum-turns-to-congress-for-help.html live History Construction The William Kaufman Organization and JMB Realty jointly developed the building as a speculative development, without any primary tenant at the time of construction.DePalma Anthony July 27, 1986 Building Offices Without a Prime Tenant en-US The New York Times https://www.nytimes.com/1986/07/27/realestate/building-offices-without-a-prime-tenant.html August 11, 2022 0362-4331 July 3, 2022 https://web.archive.org/web/20220703222700/https://www.nytimes.com/1986/07/27/realestate/building-offices-without-a-prime-tenant.html live Work on the building began in 1985.Stern Fishman Tilove 2006 . 252 Workers were demolishing the Seamen's Church Institute headquarters on the site that September. Melvyn Kaufman said that the old building was "absolutely unusable for anything but exactly what it was designed for"; the old building was so small that he could touch the ceilings. After the Seamen's Church Institute had been demolished, workers started excavating the site in February 1986. Work was temporarily halted in April 1986 after a staff member of the New York City Landmarks Preservation Commission (LPC) determined that the site might contain artifacts relating to the family of Abraham Isaacs. A subsequent archeological study found that, if there had been any artifacts relating to Isaacs on the site, they had been destroyed. As a penalty for destroying potential artifacts, the LPC requested that Kaufman and JMB display artifacts that had already been found in Lower Manhattan. Kaufman objected to the penalty, saying "it's like if I parked at a broken meter and instead of paying a $50 fine, I'm being fined $50,000". To settle the dispute, Kaufman agreed to exhibit artifacts from the neighborhood.Mele Christopher August 28, 1986 Manhattan Neighborhoods 27 Newsday 285339714Dunlap David W. October 7, 1990 Commercial Property: Trade-Offs; Delaying the Amenities-for-Building-Bonuses Pledge en-US The New York Times https://www.nytimes.com/1990/10/07/realestate/commercial-property-trade-offs-delaying-amenities-for-building-bonuses-pledge.html live February 25, 2021 https://web.archive.org/web/20210824171847/https://www.nytimes.com/1990/10/07/realestate/commercial-property-trade-offs-delaying-amenities-for-building-bonuses-pledge.html August 24, 2021 0362-4331 Ultimately, the South Street Seaport Museum was contracted to display these artifacts in a permanent public exhibition next to the building. Completion and early years thumb|17 State Street (left) and One State Street (right) 17 State Street was finished in early 1988. It was one of four large office buildings in Lower Manhattan completed around that time, along with 225 Liberty Street, 7 World Trade Center, and 32 Old Slip.Berg Eric N. January 16, 1988 Manhattan Office Vacancies Rose in Last Quarter of 1987 en-US The New York Times https://www.nytimes.com/1988/01/16/business/manhattan-office-vacancies-rose-in-last-quarter-of-1987.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811234400/https://www.nytimes.com/1988/01/16/business/manhattan-office-vacancies-rose-in-last-quarter-of-1987.html live At the time of its opening, 17 State Street had no tenants, and the other new buildings in the area were also largely empty.McCain Mark February 21, 1988 Commercial Property: Downtown Offices; Nonfinancial Firms Fail to Fill Growing Vacancies en-US The New York Times https://www.nytimes.com/1988/02/21/realestate/commercial-property-downtown-offices-nonfinancial-firms-fail-fill-growing.html August 11, 2022 0362-4331 August 11, 2022 https://web.archive.org/web/20220811234400/https://www.nytimes.com/1988/02/21/realestate/commercial-property-downtown-offices-nonfinancial-firms-fail-fill-growing.html live The building's offices were being rented at an average rate of 50 $/ft2, making the offices around 50 percent more costly than those in similar buildings. At the time, demand for office space in Lower Manhattan was declining. By December 1988, only four stories were occupied. The Kaufman Organization said it was targeting smaller clients, who largely preferred to rent finished space, as opposed to large companies, which were more likely to rent space that had not been built yet. The building's managers placed 50 cameras throughout the building; if a crime was committed there, the managers would display security footage of the suspect in the lobby, along with the label "Do You Know This Man?".McCain Mark July 9, 1989 Commercial Property: Security Systems; The New Watchmen: TV Monitors and Computers en-US The New York Times https://www.nytimes.com/1989/07/09/realestate/commercial-property-security-systems-the-new-watchmen-tv-monitors-and-computers.html August 11, 2022 0362-4331 December 15, 2017 https://web.archive.org/web/20171215111335/http://www.nytimes.com/1989/07/09/realestate/commercial-property-security-systems-the-new-watchmen-tv-monitors-and-computers.html live The Teachers Insurance and Annuity Association of America (TIAA), which held a mortgage on 17 State Street, bought the building in 1989 for more than $157.5 million.September 21, 1989 Teachers Insurance To Purchase Building From Kaufman Firm 1 Wall Street Journal 0099-9660 398182152 At the time, only around 20 percent of the building was occupied. By taking full ownership of 17 State Street, TIAA could fund building improvements with its own capital and lease out the remaining vacant space. TIAA finalized its purchase in January 1990, paying the Kaufman Organization an undisclosed amount. TIAA also canceled the mortgage on the building.Reinbach Andrew August 28, 1990 Surplus Manhattan Office Space Means Trouble for Banks Series: 10 8 The American Banker 292929469 In exchange, Kaufman ended his involvement in the project. TIAA reduced average asking rent in the building to 30 $/ft2.Temes Judy April 19, 1993 Institutional owners lift beleaguered downtown Crain's New York Business 9 16 41 219120897 The building had 432900 ft2 of vacant space by mid-1990, although 118400 ft2 were in the process of being leased.Dunlap David W. August 26, 1990 Commercial Property: Vacancy Rates; Black Monday's Fallout: An Emptiness Downtown en-US The New York Times https://www.nytimes.com/1990/08/26/realestate/commercial-property-vacancy-rates-black-monday-s-fallout-an-emptiness-downtown.html live August 12, 2022 https://web.archive.org/web/20210821004118/https://www.nytimes.com/1990/08/26/realestate/commercial-property-vacancy-rates-black-monday-s-fallout-an-emptiness-downtown.html August 21, 2021 0362-4331 Among the building's early tenants were credit-rating agency Duff & Phelps,Marinaccio Paul March 15, 1990 Ledger 51 Newsday 278192983 as well as AXA Reinsurance Companies, which was initially the building's largest tenant.Rothstein Mervyn March 12, 1997 Turning One Floor Into Almost Two in an Office Deal en-US The New York Times https://www.nytimes.com/1997/03/12/nyregion/turning-one-floor-into-almost-two-in-an-office-deal.html August 12, 2022 0362-4331 August 12, 2022 https://web.archive.org/web/20220812211402/https://www.nytimes.com/1997/03/12/nyregion/turning-one-floor-into-almost-two-in-an-office-deal.html live The South Street Seaport Museum exhibition opened in October 1990. 17 State Street was 40 percent occupied by 1993.Grant Peter January 4, 1993 Banks struggle to lease seized buildings Crain's New York Business 9 1 11 219137000 TIAA set up a website to attract tenants in October 1994, displaying videos and photographs of the building; at the time, relatively few office buildings had websites. Within a year, companies from as far away as Geneva and Hong Kong had expressed interest in the building.Dunlap David W. August 20, 1995 Listings on the Internet: An Ever-Widening Web en-US The New York Times https://www.nytimes.com/1995/08/20/realestate/listings-on-the-internet-an-ever-widening-web.html August 12, 2022 0362-4331 August 12, 2022 https://web.archive.org/web/20220812202554/https://www.nytimes.com/1995/08/20/realestate/listings-on-the-internet-an-ever-widening-web.html live AXA remained the largest tenant in 1997, when it expanded to four stories. The building was almost fully leased by July 1998, when real estate investor Steve Witkoff agreed to pay TIAA $320 million for 17 State Street, along with ten other office buildings in the United States.July 10, 1998 Witkoff to Buy 11 Office Buildings From TIAA-CREF B4 Wall Street Journal 0099-9660 398798427 By early the following year, average rents at 17 State Street had increased to over 40 $/ft2, although the average rent per square foot was still lower than those for buildings in Midtown Manhattan.Rothstein Mervyn February 3, 1999 Commercial Real Estate; Downtown Tower Gets a New Look en-US The New York Times https://www.nytimes.com/1999/02/03/nyregion/commercial-real-estate-downtown-tower-gets-a-new-look.html August 12, 2022 0362-4331 October 1, 2019 https://web.archive.org/web/20191001001926/https://www.nytimes.com/1999/02/03/nyregion/commercial-real-estate-downtown-tower-gets-a-new-look.html live RFR ownership RFR Holding LLC, a partnership led by German investors Aby Rosen and Michael Fuchs, bought the structure in late 1999 for $120 million.Office Beat http://nreionline.com/mag/office-beat-7 February 14, 2016 Webb Bailey National Real Estate Investor February 1, 2000 March 4, 2016 https://web.archive.org/web/20160304101957/http://nreionline.com/mag/office-beat-7 liveGrant Peter September 23, 1999 German Dealmakers Target City 38 Daily News https://www.newspapers.com/clip/107472111/german-dealmakers-target-citypeter/ August 12, 2022 August 12, 2022 https://web.archive.org/web/20220812211403/https://www.newspapers.com/clip/107472111/german-dealmakers-target-citypeter/ live This was one of several properties that RFR had acquired in the span of several months.February 13, 2000 Postings: German Investments in Next 3 Years; $6 Billion to Buy U.S. Properties en-US The New York Times https://www.nytimes.com/2000/02/13/realestate/postings-german-investments-in-next-3-years-6-billion-to-buy-us-properties.html August 12, 2022 0362-4331 May 27, 2015 https://web.archive.org/web/20150527133956/http://www.nytimes.com/2000/02/13/realestate/postings-german-investments-in-next-3-years-6-billion-to-buy-us-properties.html live In purchasing 17 State Street and another building at 757 Third Avenue, Rosen said the structures were "both great buildings in outstanding locations". The New York Unearthed exhibition inside the building became popular among schoolchildren, but it was effectively closed in 2005 after most of the exhibit's staff were fired.Schiffman Lisa January 10, 2005 Archaeology Magazine Archive https://archive.archaeology.org/online/features/seaport/update.html August 12, 2022 No Money for Archaeology September 23, 2021 https://web.archive.org/web/20210923090241/https://archive.archaeology.org/online/features/seaport/update.html live During this decade, the building was occupied by numerous technology, financial, and consulting firms.March 13, 2019 17 State Street https://therealdeal.com/new-research/topics/property/17-state-street/ August 12, 2022 TRD Research August 12, 2022 https://web.archive.org/web/20220812214758/https://therealdeal.com/new-research/topics/property/17-state-street/ live Software companies Fidessa Group and SpeechWorks had become the building's largest tenants by the 2010s, though SpeechWorks ultimately subleased its space after being acquired by another firm.September 15, 2014 Prospectus Details $180M Refi on 17 State St in NYC's Financial East Submarket https://www.jayrickey.com/2014/09/15/prospectus-details-180m-refi-on-17-state-st-in-nycs-financial-east-submarket/ August 12, 2022 Jay Rickey August 12, 2022 https://web.archive.org/web/20220812214757/https://www.jayrickey.com/2014/09/15/prospectus-details-180m-refi-on-17-state-st-in-nycs-financial-east-submarket/ live 17 State Street was affected by Hurricane Sandy in October 2012, primarily by water damage to electrical equipment in the building's basement.Geiger Daniel November 5, 2013 Ill-fated 17 State St. soars anew http://www.crainsnewyork.com/data-lists/real-estate-deal-watch/details/12/2932012 live https://web.archive.org/web/20160222031238/http://www.crainsnewyork.com/data-lists/real-estate-deal-watch/details/12/2932012 February 22, 2016 February 14, 2016 Crain's New York Business The storm caused several million dollars' worth of damage at 17 State Street.October 30, 2013 New York Business Owners Aren't Waiting For City To Get Flood-Ready All Things Considered NPR 1447227785 The building was closed for repairs for approximately two weeks and was one of the earliest office buildings in the Financial District to be reoccupied after the storm. The building's tenants in the 2010s included software developer AppSense,Hlavenka Jacqueline May 17, 2011 Newmark Ties the Knot at 195 B'Way https://www.globest.com/sites/globest/2011/05/17/newmark-ties-the-knot-at-195-bway/ August 12, 2022 GlobeSt November 24, 2020 https://web.archive.org/web/20201124061847/https://www.globest.com/sites/globest/2011/05/17/newmark-ties-the-knot-at-195-bway/ live global stock exchange BATS Global Markets,Delaporte Gus November 26, 2013 BATS Global Markets Expands at 17 State Street Commercial Observer https://commercialobserver.com/2013/11/bats-global-markets-expands-at-17-state-street/ live January 13, 2019 https://web.archive.org/web/20190113182336/https://commercialobserver.com/2013/11/bats-global-markets-expands-at-17-state-street/ January 13, 2019 artificial intelligence company IPsoft,Cullen Terence January 9, 2017 IPsoft Expands to 140K SF at 17 State Street in FiDi Commercial Observer https://commercialobserver.com/2017/01/ipsoft-expands-to-140k-sf-at-17-state-street-in-fidi/ live January 13, 2019 https://web.archive.org/web/20190113182317/https://commercialobserver.com/2017/01/ipsoft-expands-to-140k-sf-at-17-state-street-in-fidi/ January 13, 2019 and financial firm MashreqBank.La Guerre Liam September 28, 2017 Large UAE Bank Moving NYC Office Within FiDi Commercial Observer https://commercialobserver.com/2017/09/large-uae-bank-moving-nyc-office-within-fidi/ live January 13, 2019 https://web.archive.org/web/20190113182327/https://commercialobserver.com/2017/09/large-uae-bank-moving-nyc-office-within-fidi/ January 13, 2019 In 2017, the land under 17 State Street, as well as the neighboring One State Street Plaza, was refinanced with a $360 million loan from Natixis.Burke Mack December 7, 2017 Natixis Lends $360M on One State Street Plaza Refi https://commercialobserver.com/2017/12/natixis-lends-360m-one-state-street-plaza-refinance/ August 12, 2022 Commercial Observer October 21, 2021 https://web.archive.org/web/20211021125230/https://commercialobserver.com/2017/12/natixis-lends-360m-one-state-street-plaza-refinance/ live RFR also took out a $180 million commercial mortgage backed securities loan on the building; that loan was sent to special servicing in August 2024 after RFR missed some loan payments.Hallum Mark RFR's $180M CMBS Loan on 17 State Street Sent to Special Servicer Commercial Observer August 19, 2024 https://commercialobserver.com/2024/08/rfr-17-state-street-special-servicer/ August 20, 2024Long Ciara RFR's Troubles Mount As Lower Manhattan State Street Tower Heads To Special Servicing Bisnow August 19, 2024 https://www.bisnow.com/new-york/news/capital-markets/loan-on-rfrs-lower-manhattan-state-street-tower-heads-to-special-servicing-125556 August 20, 2024 That December, the mortgage holders initiated foreclosure proceedings on 17 State Street.December 5, 2024 Lender files to foreclose on Aby Rosen's 17 State Street https://therealdeal.com/new-york/2024/12/05/lender-files-to-foreclose-on-rfrs-17-state-street/ December 6, 2024 The Real DealDurso Isabelle December 4, 2024 Troubled RFR Holding Facing Another Foreclosure at 17 State Street https://commercialobserver.com/2024/12/rfr-holding-foreclosure-17-state-street/ December 6, 2024 Commercial Observer RFR refinanced the building in January 2025, thereby averting the foreclosure.Cheng Andria RFR's lower Manhattan office building avoids foreclosure after loan extension CoStar 2025-01-23 https://www.costar.com/article/1612337162/rfrs-lower-manhattan-office-building-avoids-foreclosure-after-loan-extension 2025-07-29RFR Refinances 17 State St. Office Tower Connect CRE 2025-01-24 https://www.connectcre.com/stories/rfr-refinances-17-state-st-office-tower/ 2025-07-29 Critical reception In 1988, architecture critic Paul Goldberger said: "This is not a great building, but it is one of the few truly happy intersections of the realities of New York commercial development and serious architectural aspirations." In 2008, architecture critic Carter B. Horsley has referred to it as "the city's most beautiful curved building", competing with Jean Nouvel's faceted 100 Eleventh Avenue, Philip Johnson's Lipstick Building, and pre-war buildings such as 1 Wall Street Court and the nearby Delmonico's Building.February 2008 Horsley, Carter B. Details: Softening the Edges of the City:: Curved Buildings http://www.thecityreview.com/details/detailcurved.html The City Review February 14, 2016 March 8, 2016 https://web.archive.org/web/20160308194358/http://thecityreview.com/details/detailcurved.html live Justin Davidson wrote for New York magazine in 2010: "The tip of Manhattan lays out the stratified chaos of history, as the eighteenth-century James Watson House rubs up against the curving glass pillar of 17 State Street from the 1980s."Davidson Justin April 30, 2010 Why the City Should Let Jean Nouvel Build Every Inch of the Tower Verre – New York Magazine https://nymag.com/arts/architecture/features/65759/ August 12, 2022 New York Magazine July 11, 2021 https://web.archive.org/web/20210711011800/https://nymag.com/arts/architecture/features/65759/ live References Notes Sources http://s-media.nyc.gov/agencies/lpc/arch_reports/301.pdf 17 State Street An Archaeological Evaluation Phase I Documentation 1986 New York City Landmarks Preservation Commission Landmarks Preservation Commission 1986 2000 External links RFR website Category:Emery Roth buildings Category:Financial District, Manhattan Category:Office buildings completed in 1988 Category:Privately owned public spaces Category:Skyscraper office buildings in Manhattan