125 Greenwich Street Awaits Completion in Manhattan’s Financial District


Next on YIMBY’s Turkey Week update of stalled projects is 125 Greenwich Street, an 88-story residential skyscraper in the Financial District. Designed by Rafael Vinoly and originally developed by Bizzi & Partners, Cindat, New Valley, the Carlton Group, and Shvo, the 912-foot-tall structure has lingered at near-completion since late 2019. The tower was planned to yield 273 condominium units with interiors by March & White and marketing led by Douglas Elliman. Plaza Construction is the general contractor for the property, which is located at the corner of Greenwich and Thames Streets, just downtown from the World Trade Center complex.

125 Greenwich Street. Photo by Michael Young

The skyscraper stands out with its sleek design of curved glass paneling surrounding a concrete core on the northern and southern walls. The curtain wall is largely finished, with only some work at the pinnacle and multi-story podium awaiting completion. The latter section is planned to be enclosed in darker glass and house several loft units. The construction elevator remains attached to the western elevation.

125 Greenwich Street. Photo by Michael Young

125 Greenwich Street. Photo by Michael Young

A couple of black-paneled mechanical levels divide the skyscraper’s massing.

125 Greenwich Street in late 2020. Photo by Michael Young.

At the time of its announcement, 125 Greenwich Street was positioned as a downtown answer to Vinoly‘s 432 Park Avenue, which was then the tallest residential building in the city. However, financial setbacks within the development team coupled with an unexpected market saturation of condominium offerings sent the Financial District project into foreclosure.

125 Greenwich Street in early 2019. Photo by Michael Young

125 Greenwich Street in 2019. Photo by Michael Young

The following photos are from YIMBY’s tour of the property in early 2019, when work was still on track. The upper floors provide panoramic views of the city, including close-range vistas of the World Trade Center to the north. Click here to see the full set of photographs.

One World Trade Center in early 2019. Photo by Michael Young

The Financial District from the top of 125 Greenwich Street in early 2019. Photo by Michael Young

(from left to right) Brooklyn Point, One Clinton Street and 11 Hoyt rising above Downtown Brooklyn. Photo by Michael Young

The Woolworth Building in early 2019. Photo by Michael Young

The Statue of Liberty and the crown of 50 West Street in early 2019. Photo by Michael Young

99 Hudson Hudson Street towering over Jersey City in early 2019. Photo by Michael Young

It’s unclear when 125 Greenwich Street will resume work.

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2022-11-23 05:00:50

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