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chris08876 Nov 25, 2014 3:05 PM

NEW YORK | 75 Nassau Street | 498 FT | 40 FLOORS
75 Nassau Street


With several enormous residential towers under construction or soon to rise across the Financial District, the neighborhood’s real estate boom continues to accelerate. And now, YIMBY has learned of yet another giant that may join the current wave of projects, which will rise on the lots spanning 75-83 Nassau Street.

ODA has been selected to design the tower, which will stand approximately 800 feet tall. While renderings have not yet been made public, sleuthing reveals a tiny glimpse of the skyscraper in images posted to ODA’s Facebook, where it can be seen standing behind the oculus of Fulton Center.



As with the other towers, 75 Nassau will likely be largely luxury rentals or condominiums. While Crain’s previously reported that the site could hold a new tower of 100,000 square feet, evidently the scope has increased substantially. If the developer maxes out their zoning allotment by including commercial space (offices are possible, but retail and a hotel seem more likely), the parcels from 75 to 83 Nassau Street can hold 200,000 square feet of net development, with another few tens of thousands of square feet possible from the inclusion of No. 85′s air rights.

chris08876 Nov 25, 2014 4:30 PM

Facebook Link:

I wish that lady would move out of the way. :haha:

Dac150 Nov 25, 2014 5:03 PM

"But wait, there's more!"

It's amazing how hot Downtown is!

Onn Nov 25, 2014 6:37 PM


Originally Posted by Dac150 (Post 6820463)
"But wait, there's more!"

It's amazing how hot Downtown is!

Get used to it, more to come.

StoOgE Nov 25, 2014 8:45 PM

Downtown is becoming much nicer on a day to day basis in the last 12 months.

It's sort of amazing comparing the rebirth of the ground floor retail post Sandy.

scalziand Nov 26, 2014 5:14 AM

Surely its also much nicer due to Fulton Center being completed.

NYguy Nov 26, 2014 1:12 PM

Seems like an odd location at first thought, being on the narrow Nassau Street pedestrian mall. I'm in the area often (wonder how this will affect the Wendy's), and have a long history there.

But it's suitable for residential development, even once being considered for the 1,050 ft 1 NY Place proposal...


Friends of the developer, Trevor Davis, describe him as a visionary for his designs for a building that would be 1,050 feet tall, 4 feet taller than the Chrysler Building, but 200 feet shorter than the Empire State Building, on a block at Broadway and Fulton Street.

Designed by Kohn Pedersen Fox, the $680 million, 1.3-million-square-foot tower would be called 1 New York Place and combine shops on the bottom floors with 679,000 square feet of office space and 68 floors of apartments on top of the offices, on an entire block on Broadway, between Fulton and John Streets.

The Metropolitan Transportation Authority is planning to build a $750 million transit hub in the tunnels below the site, which would link the myriad subway and rail lines that run across Lower Manhattan. If that happens, Mr. Davis said, he could build overhead.

Mr. Davis's partners in the project are Aby Rosen and Michael Fuchs, principals of RFR Holding, a German real estate company.

"Today, everyone is doomsday about downtown," Mr. Rosen said. "You've got to look 10 years ahead."

We were very excited to get that proposal, having just lost the Twin Towers. It never went anywhere.

Another quote from that old NY Times article shows just how much things have changed since then...


Finally, there is a question of whether New Yorkers are still willing to pay a premium to live and work high up in the clouds. Richard A. Grasso, chairman of the New York Stock Exchange, abandoned plans for 50-story tower over a new trading complex, out of fear that the 900-foot-tall tower would be a target.

This tower, at 800 ft, would be basically the height of the Chase Manhattan, which is nearby...

StoOgE Nov 26, 2014 5:59 PM

I think it's a fantastic location for development.

It's a bit of less beaten path downtown than Water or Broadway of the West Side Highway.

That area between Broadway and Water is also the area most in need of a fresh coat of paint and a shot in the arm for nicer shops. Broadway and the West side are going to be taken care of with Fulton/Path and the WTC redevelopment, the far East Side with the redevelopment of the Seaport, and the Wall St area with the redevelopment of some of the older towers into high end apartments.

This is the sort of last dead zone downtown. Between 121 Fulton and this, it could be a very nice shot in the arm for the area.

Eidolon Nov 27, 2014 3:05 PM

People who doubted Downtown are looking more wrong with every new tower that is announced.

sparkling Mar 10, 2015 3:34 PM

Lexin Capital plans 40-story tower at 75 Nassau
Metin Negrin paid $63.4M for land and development right

March 10, 2015 11:08AM
By E.B. Solomont
75 Nassau and Metin Negrin


Lexin Capital is riding the Financial District’s residential boom with permits filed today for a 197-unit tower at 75 Nassau Street.

The ODA Architecture-designed building will rise 40 stories and will have retail space on the first two floors, according to permits filed with the city’s Department of Buildings. There will be offices on the third and fourth floors.

According to the building permit, the high-rise will top out at 498 feet, nearly half the 800 feet that previously was reported. The residential portion will measure 189,780 square feet with another 39,203 square feet of commercial space.

There will be eight apartments each on floors seven through 20, and three apartments on the 22nd floor. Floors 23 through 38 will have four or six apartments, according to plans filed with the city.

Metin Negrin’s development company paid $63.4 million total for the land and air rights. It acquired 75-81 Nassau Street, where the building will rise, for $46 million from the Century 21 department store company, which is owned by the Gindi family. Lexin paid another $17.4 million for 83 Nassau and development rights at 85 Nassau. - See more at:

Zapatan Mar 11, 2015 2:05 AM

Since I never knew this proposal existed I'm not really that bummed, hopefully the design is nice otherwise meh...

chris08876 Mar 11, 2015 2:23 AM

To be honest, we have so much tall stuff going on that a reduction on one isn't a big deal. Still a solid filler at its height for the area. Hopefully once we get a good rendering we can judge if its any good. At the rate of projects being revealed, something taller will probably crop up in the next two weeks if not this coming week. Thats the situation where in, and its a damn good one too. :D

Busy Bee Mar 11, 2015 3:38 AM

I'm just hoping it doesn't have a terrible setback from the streetwall.

Crawford Mar 11, 2015 3:17 PM

Hopefully this is just an initial filing, as I would really prefer an 800-ft tower in this location over a 500-ft. one.

It isn't uncommon for the initial filing to not include the final height in cases such as this, where the development requires air rights from adjacent properties. We'll just have to wait and see.

chris08876 Apr 27, 2015 2:30 PM

75 Nassau Street, 40-Story Financial District Tower Designed By ODA


The site spans 75-83 Nassau Street, and the building will total approximately 229,000 square feet. The first four floors will feature 39,203 square feet of commercial space, primarily retail, while the remainder will be divided between 197 residences. That translates into an average apartment size of just under 1,000 square feet.

The project is expected to have both condominiums and rentals, with 12-foot ceilings for the condos and 10-foot ceilings for the rentals. Totaling 40 floors and 498 feet, the building won’t make an impact on the Financial District skyline, but it will certainly enjoy local prominence from the immediate surrounding blocks.

The Fulton Street corridor is currently seeing a major bought of construction activity, which should not come as a surprise, given the dramatic infrastructure improvements that are finally almost finished. Around the corner from 75 Nassau, the Fulton Center is now open, and the World Trade Center Transit Hub is not far behind.

In terms of comparisons, 5 Beekman is already under construction just a few blocks to the north. Lightstone is also planning a new 50-story mixed-use tower at 130 William Street, and Carmel Partners is likely thinking of something similarly-sized for Lightstone’s old site at 112-118 Fulton Street, just across the street.

While the designs for 130 William and 118 Fulton have not yet been revealed, 75 Nassau is certainly impressive, and hopefully an indicator that developers are willing to splurge for attractive design despite Fulton Street’s relative “up and coming” status. The building almost looks like a vertically-extruded version of 15 Renwick Street, and the variegated facade is typical of ODA’s recent work in New York City.

sparkling Jun 4, 2015 2:25 PM

New Renderings For ODA-Designed 75 Nassau Street
75 Nassau Street, image by ODA

JUNE 4, 2015


Back in late April, YIMBY posted the first rendering for the ODA-designed tower coming to 75 Nassau Street, which is being developed by Lexin Capital. Now, we have a new set of images for the 40-story building, which will soon rise on the corner of Nassau and Fulton Streets in the Financial District.

The building will take ODA’s typical aesthetic and stretch it vertically, and a predominantly boxy exterior will yield to several cut-outs as the tower rises, creating a slight tapering effect. At the very top, the building will feature a miniature forest on its roof, with trees that dwarf the (normally) ornamental gardens on most New York green roofs.
Image by ODA

At the base, the building will feature boxes that face the street at slightly different angles, adding a sense of dynamism to the pedestrian realm, and dramatically improving upon the current low-rise pre-war buildings that occupy the site. While the overall project will total 229,000 square feet, the first four floors will feature 39,203 square feet of commercial space.
Image by ODA

Above, the actual tower will have just under 200,000 square feet of residential space, divided between 197 apartments and condominiums. Apartments begin on the lower floors, with condos above, and while the average overall unit size will be approximately 1,000 square feet, there will likely be a size disparity between the rentals and condos, as is typical in most New York City developments.

The building will top-out 498 feet above street level, though the trees could add another couple dozen feet to the tower’s apparent height, once they begin to grow. Ceilings for the rentals will be 10 feet, while the condo portion will have 12-foot ceilings. The new renderings also show red splotches in the facade, obvious in the cut-aways, though the cladding material on those portions is currently unknown.

No formal completion date has been unveiled, but construction is expected to begin next year.

colemonkee Jun 4, 2015 9:51 PM


In all seriousness, though, I actually like this one.

JR Ewing Jul 2, 2015 1:30 AM

The site down Manhattan's ancient, narrow streets. It's just south of Wendy's.

sparkling Jul 2, 2015 11:38 AM


Originally Posted by JR Ewing (Post 7082168)
The site down Manhattan's ancient, narrow streets. It's just south of Wendy's.

Just around the corner permits were just filed for a 26-story hotel at 143 Fulton Street

sparkling Mar 30, 2016 8:55 PM

A Closer Look at ODA’s 75 Nassau Street & Other Nearby Towers Planned For Fulton Street

MARCH 30, 2016


Capitalizing on a revitalized Financial District, Fulton Street is bursting with residential development activity. With a re-imagined Fulton Street Transit Hub open and the second coming of the World Trade Center shopping center and Pier 17 on the horizon, at least five sizable towers are jostling to join the street’s renaissance.

Most interesting of the bunch is a 40-story residential skyscraper set to rise at 75 Nassau Street. Developed by Lexin Capital and designed by ODA Architects, its 307,000-square-foot, slab-like massing is distinguished by fragmented and nibbled-away edges that run vertically along the tower’s corners. At its more than 500-foot-high pinnacle, a forest of trees will top the structure, giving the high rise a profile that will recall the iconic finials of the district’s skyscrapers.

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