Exploring the Charm and Convenience of 1 New York Plaza

Introduction

1 New York Plaza is a notable skyscraper in the Financial District of Manhattan, New York City. It stands out as an important building in the area. The skyscraper is well-known and holds significance in the city.

History and Construction

1 New York Plaza was completed in 1969. The original developers were Sol G. Atlas and John P. McGrath. The architectural design was by Kahn & Jacobs with William Lescaze & Associates. The building is known for its distinctive “waffle-iron” facade. 1 New York Plaza was initially part of the Battery Park Urban Renewal Area plan. This skyscraper was designed to stand out and serve a key role in the renewal of the area.

Architectural Features

1 New York Plaza stands at a height of 195.1 meters (640 feet) and has 50 floors. The building is constructed with all-steel structural material. It has a large 111,000 square feet footprint, making it one of the most spacious office buildings in Lower Manhattan. The skyscraper’s design and structure contribute to its prominence in the Financial District.

Major Renovations and Modern Upgrades

1 New York Plaza has undergone major renovations and upgrades over the years. Brookfield Properties completed a $15 million renovation to the retail concourse level. In 2012, Hurricane Sandy caused significant damage to the building. This led to a gut-renovation of the lower levels. These upgrades and repairs have helped maintain the building’s status as a prominent skyscraper in Lower Manhattan.

Current Ownership and Tenancy

1 New York Plaza is owned by Brookfield Properties. The building has significant tenants such as Morgan Stanley, Fried Frank Harris Shriver & Jacobson, and Revlon. It enjoys high occupancy rates and appeals to prominent firms. This makes it a desirable location for major businesses in Lower Manhattan.

Notable Events and Transactions

In 2016, a 49% stake in 1 New York Plaza was sold to the China Investment Corporation for $700 million. In 2020, the building was refinanced with an $835 million mortgage. These notable transactions highlight the building’s significant value and investment appeal.

Amenities and Services

1 New York Plaza offers a range of amenities and services. The retail concourse features dining options such as Starbucks, Chipotle, and Chopt. The building is LEED certified, showcasing its commitment to environmental standards. Modern facilities and amenities are designed to attract and retain tenants, making it a desirable location for businesses.

Conclusion

1 New York Plaza holds a significant place in New York City’s architectural and commercial landscape. As a prime office location in the Financial District, it is a hub for prominent firms and businesses. The building has shown remarkable resilience through various challenges and renovations, maintaining its status as a key player in Lower Manhattan.

FAQs

1. What companies are in 1 NYC Plaza?

Companies in 1 New York Plaza include Morgan Stanley, Fried Frank Harris Shriver & Jacobson, and Revlon.

2. Why is The Plaza New York famous?

The Plaza New York is famous for its historical significance, luxury accommodations, and iconic status in the city’s cultural and social scene.

3 .Who are the tenants of One New York Plaza?

Tenants of One New York Plaza include Morgan Stanley, Fried Frank Harris Shriver & Jacobson, and Revlon.

4. What is the zip code for 1 New York Plaza?

The zip code for 1 New York Plaza is 10004.