45 Park Place
April 25, 2018

45 Park Place

It’s been a long, strange trip for 45 Park Place to arrive in Manhattan’s Tribeca neighborhood.

The story begins back in 1858 when an Italian Palazzo style building rose at 45-47 Park Place. Designed by founder and architect Daniel D. Badger, the five-story building was constructed for a prominent shipping firm of the day as a “store and loft” structure for dry goods. While it was nominated for landmark status multiple times in the 1980s and 1990s, the building was never designated as such.

It was during the September 11 attacks that the building was damaged. Plane landing gear, engines, and fuselage crashed through the roof of the structure, compromising the internal standing of the building. Owned at the time by Stephen Pomerantz and Kukiko Mitani, the building was leased to the Burlington Coat Factory. They tried to sell it for years until finally finding a buyer in 2009, real estate company and developer Soho Properties, who bought the property for $4.85 million.

The company’s chairman, Sharif El-Gamal, initially considered building a new condominium tower here but instead decided to construct a community center and prayer space for Muslims. The company also purchased 49-51 Park Place from Con Edison in order to stretch its complex across all of the properties.

Cordoba House, as it was originally called, was met with lots of pushback and controversy, but after NYC’s Landmarks Preservation Commission voted 9-0 not to grant the original building landmark status once again, the path was clear to demolish it and make way for the prayer space. However, over the next few years, plans did not move accordingly.

In 2011, El-Gamal told reporters that the project was following a “slower…more realistic approach.” By 2014, it was announced that the original plans were being scrapped for an Islamic museum, prayer space, and condos. By 2015, those plans shifted again and El-Gamal’s new plan was to build a 70-story luxury condo tower at 45 Park Place and a three-story Islamic museum at 51 Park Place. In 2016, El-Gamal received funding to create what would become a 43-story luxury condo building next door to a two-story museum.

The final version of the project, 45 Park Place, is currently rising to the Lower Manhattan sky, though pre-sales have been underway since June 2017. Construction on the tower is expected to be finished in 2019.

With a focus on designing a building that could stand out against the imposing Lower Manhattan skyline, lead architect Michael Abboud of SOMA used a concept that harnessed the growth and bundling of trees or grain to influence the way the glass tower grew into the sky. The jagged edges give the structure a sense of naturalism as it rises upward, slightly skewing from one side to the other as it does.

Down below, residents and passers-by will be able to enjoy a beautiful public plaza designed by Pritzker Prize winner Jean Nouvel. For those arriving at their new home, they’ll be greeted by a metal and glass marquee that welcomes them into an elegant lobby awash in natural light designed by Piero Lissoni. Look hard enough and you’ll also spot the secret courtyard that awaits as your private getaway.

 

The 50 luxury residences inside 45 Park Place are split into three sections.

Ranging between the sixth and 15th floors you’ll find the Loft Residences. Residents here will be thrilled to discover their Boffi On/Off Kitchens that feature white matte lacquer doors that are controlled electronically, Corian islands, and Gaggenau appliances, which include an under-the-counter wine fridge.

Master baths are filled with fixtures and features personally picked by Piero Lissoni. That includes the custom wet room with shower enclosure and the free-standing soaking tub crafted by MOMA Design. Bathrooms also include dual-sink vanities in the main area as well as powder room vanities.

Head up to 24th to 39th floors and you’ll enter the realm of the Tower Residences. These three- and four-bedroom condos will take up an entire floor each, which means great rooms will get exposure from three different sides. You’ll have a front-row view from your couch of the Statue of Liberty to the south, Empire State Building to the north, and Hudson River to the west.

Meanwhile, the master bedroom offers floor-to-ceiling windows for a stunning view of its own. Accentuating the bright, airiness of the space is the Pietra d’Avola raw limestone that lines all of the walls.

Powder rooms in these units are windowed and bathed in Silk Georgette stone alongside custom vanities by MOMA Design.

Up at the very top of the building, you’ll find the duplex penthouses, offering some of the finest luxury living spaces in Lower Manhattan. The custom Lissoni staircase that curves between the two floors set the stage while the private terraces take things to another level with their panoramic views.

Kitchens in these residences feature high-end appliances from Boffi and Gaggenau, including ornate ceramic-tile hoods and Teppanyaki cooktops. Master suites are corner rooms, positioned to capture gorgeous views and bright light. The windowed mather bath continues that exploration outside of the privacy of your home.

 

As you might guess, luxury living like this needs an amenities package to match and this collection designed by Piero Lissoni completes the experience of living at 45 Park Place as you’d expect.

A fifty-foot lap pool is bathed in warm lights and surrounded by green Verde Alpi marble floors and Ceppo di Gre stone walls to create a relaxing atmosphere. A lounge area and cedarwood sauna complete the experience.

The young ones will appreciate spending time in the Children’s Playroom, which includes Tatami Mat flooring for safety, chalkboard wall surfaces for fun, and whimsical furniture for play.

Residents won’t need to travel far for a good workout. A fitness center full of state-of-the-art machines and top-notch gym equipment is open all day and all night. There’s also a yoga studio for contemplative workouts and meditations. Personal training services are also available.

For when you’d rather just unwind after work or hang out on the weekends, the Lounge offers a casual but classic space. It features a pool table, retractable TV screen, catering pantry, and plenty of space for holding small or informal events.

 

While pre-sales have been in full swing for a while, a handful of luxury condos remain unsold in 45 Park Place. On one end of the range is a 1,512 square-foot, two-bedroom unit asking $3,800,000. On the other end is a 3,238 square-foot, three-bedroom tower residence asking $12,050,000. Given the location and demand for luxury lifestyle living in Lower Manhattan, it’s unlikely these few remaining places will still be available by the time the building opens its doors in 2019.

 

Interested in acquiring properties in this iconic new Manhattan building? We can make it happen! For more information, please contact me, Elliot Bogod of Broadway Realty, via email ebodog@broadwayrealty.com or phone: (212) 577-2270