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The “super-tall” residential tower planned for 45 Broad Street (on which work recently halted) was slated to rise 80 stories, to a height of 1,115 feet. |
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![]() | Bruce Ehrmann |
In July, 2016, Bruce Ehrmann, co-chair of CB1’s Landmarks Committee, explained, “this is the only landmark-designated street grid itself in New York City, which has already been very botched by necessary post-9/11 security measures, many of which don’t work anymore, such as bollards that don’t rise and fall.” Mr. Ehrmann was referring to the Street Plan of New Amsterdam and Colonial New York, a triangle formed roughly by Broadway, Wall Street, and Pearl Street, in which the streets themselves (and in particular, their irregular layout) are considered historic — and legally protected — relics.
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Creating a pair of subway elevators nearby (like this one, planned for Exchange Place and Broadway), at a cost estimated to range between $5 and $20 million, would have earned the developer of 45 Broad Street the right to build and additional 71,000 square feet of apartments, with a potential value of more than $60 million. |
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The partially completed residential tower at 125 Greenwich Street (on which work was also recently halted) soars more than 900 feet into the sky, but has a troubled history that may prove insurmountable as demand for condominiums in Lower Manhattan softens. |
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