NEW YORK | 130 William Street | 800 FT | 61 FLOORS

[NYguy]

https://therealdeal.com/2017/05/11/l...condo-project/

Lightstone Group seeks EB-5 funds for $700M FiDi condo project
Architect David Adjaye tapped to design 228-unit tower




By Rich Bockmann
May 11, 2017

David Lichtenstein’s Lightstone Group is seeking EB-5 funds for its 228-unit Financial District condominium tower, which will be designed by noted architect David Adjaye and is expected to be valued at $701 million.

The developer recently launched a teaser site for the 800-foot building at 130 William Street, which it is calling the Wall Street Tower.

On Lightstone’s EB-5 website, the company is seeking $100 million, or 18 percent of the project’s total cost, from investors, and is marketing the project to investors in China and Vietnam.

Representatives for the company did not immediately return calls for comment.

In March, Lightstone secured a $305 million construction loan for the 59-story tower from Mack Credit Real Estate Strategies, and plans to put $112.5 million of its own cash and land equity into the project, according to its EB-5 website.

The company bought the site at 130 William Street for $60 million in 2014, and paid another $15 million the following year to buy additional air rights.

On a Vietnamese-language blog Lightstone identifies the British-Ghanaian architect Adjaye as the designer.

“What made the Wall Street Tower truly special was that it was the design. We have the world-famous architect David Adjaye, who designed this building. The building is over 800 feet tall, with more than 60 floors. The building has panoramic views over the entire city. You can see the port of New York, along with bridges, the Statue of Liberty.”

Adjaye is best known for designing the National Museum of African American History and Culture on the National Mall in Washington, D.C.

In New York, he designed a 124-unit, affordable housing building at 155th Street in Sugar Hill for the Broadway Housing Communities and the Studio Museum in Harlem.

The marketing materials for Lightstone’s tower boast a rooftop observatory for residents and two floors of amenities including a wine cellar, indoor pool and spa, fitness center, lounge, movie theater and children’s playroom.

The teaser site indicates pricing will start at roughly $630,000 for a studio and $4.7 million for a four-bedroom.

The developer is still waiting for approval on the condo-offering plan it filed with the New York State Attorney General’s office in December. Construction is expected to be completed in November 2019

[hunser]

The developer recently launched a teaser site for the 800-foot building at 130 William Street, which it is calling the Wall Street Tower.

How creative. Same with "Manhattan Tower" aka 30 Hudson Yards.
Anyways, glad this is moving forward. Another 800 footer for Lower Manhattan!

Bigger rendering:

[mrnyc]

nice, but what happened to the jenga-ing?

[chris08876]

Originally Posted by mrnyc

nice, but what happened to the jenga-ing?

I believe a redesign per Lightstone to incorporate more units, taller height, and maximum space usage.

[Crawford]

I love David Adjaye's buildings. This tower will be great, especially at over 800 ft.

And this will be his first skyscraper. Another starchitect skyscraper for NYC.

[Skyguy_7]

^This one looks nice, but it could go the way of One Journal Square, due to Sir Adjaye's Russian ties...

http://www.adjaye.com/projects/civic...ment-skolkovo/

Beautiful.

[Crawford]

Originally Posted by Skyguy_7

^This one looks nice, but it could go the way of One Journal Square, due to Sir Adjaye's Russian ties...

One Journal Square has nothing to do with Adjaye or Russia. It was a media thing last week because one of the Kushners reportedly cited White House connections in their pitch to potential Chinese investors.

[Zerton]

Wow, how interesting. It seems to be a contemporary, stretched Palazzo della Civiltà Italiana!



Source: https://en.wikipedia.org/wiki/Palazz...C3%A0_Italiana

[chris08876]

Credit: eb-5 immigration investors

[UTEPman]

The original proposal was great. It was pretty unique and well executed.

This new proposal is lipstick on a pig. Another box with gimmicky features that will probably look tacky as hell in real life

[chris08876]

It'll be interesting to see closer up renderings of the facade. Hard to tell if its of okay quality or decent from a design standpoint.

[PeterQM]

New Renderings of David Adjaye's First New York Skyscraper: Wall Street Tower
May 22, 2017

Architect David Adjaye’s second building commission in New York is a big one. Three years after completing his textured affordable housing building known as the Sugar Hill Development, the acclaimed Ghanaian-British designer has been enlisted by David Lichtenstein’s Lightstone Group to design a 61-story, 750-foot-tall condominium in the heart of the Financial District. Named Wall Street Tower, despite its address on Fulton Street between Gold and William streets, the building will join a necklace of new developments transforming the northern end of the once stodgy-commercial district.

More info & renderings of the project HERE.

[NYguy]

Not too crazy about the top.

[chris08876]

Its okay. It'll pass. Although the first rendering with the god rays and lighting make it seem like tower is godsent. Well, its not. Its not the baby jesus of towers. That would go to Verre and Steinway, because those are the new holy towers, next to the ESB.

But 130 William, it'll do. It'll be noticeable and somewhat dominant for the area.

I think with the facade, the saturation of light doesn't give a good idea of what it's all about. Maybe a closer rendering is needed. The 1st one is too far away.

At least on the bright side, it's not 5 Beekman!

With a name like the Wall Street Tower, I'd expect something more grandiose. This is not living up to its name. Unless that facade is made out of gold... than... it would make sense.

[chris08876]

Somewhat bigger rendering (larger resolution):


Credit: http://ibid.vn/dinh-cu-my/thong-tin-...ho-nha-dau-tu/

[NYguy]

https://www.6sqft.com/revealed-david...craper-in-nyc/

[ILNY]

[pico44]

For some inexplicable reason, the eastern half of the financial district has been an architectural dead zone for decades. Gehry's Beekman tower is a very rare exception. It has been where the worst architects have created stinker after stinker. This tower may not be spectacular but it will be very nice, and for that I am grateful. Adjaye is the man. This will turn out better than you guys anticipate.

[Skyguy_7]

^ I'm in agreement. The arched windows looked kind of PoMo to me at first, but I have grown to like them. Very unique for a building of this size. The pool areas are structurally mesmerizing. And last, the gold and limestone(?) facade has a very 80s/90s Wolf of Wall Street feel. Love it.

[aaron38]

The top is fine, an extension of the structure. But the bricked up windows of the mechanical floors is just horrible. That's an opportunity to do something very artistic with the space. Zero effort made, shoddy work.