[96] The barricades were dismantled in November 2013. [3] At the time, the Financial District had languished after many corporations had moved uptown. All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. Today the office tower stands as a stainless steel facade accented by black spandrel windows. [10] The first of the steel assemblies, upon which each of the 40 structural-steel columns would be placed, was installed within the foundation in September 1958. Aside from selling office space Fosun has also finalized details on a 50,000 square foot multi-screen cinema complex within the building – called the Alamo Draft House. Two established banks in Lower Manhattan, the Chase National Bank and the Manhattan Company, merged to create the Chase Manhattan Bank in 1955. Its current home is at lower Manhattan’s 28 Liberty St., where it was one of the original tenants. [44] [81] A fire also took place in the sub-basement in 1962,[48] and an anti-Vietnam War bombing occurred on the 16th floor in 1969, causing minor damage. The Chase Manhattan Bank, N A , As Trustee, Union Security Insurance Company, United Family Life Insurance Company were … There is also a pedestrian entrance on the William Street side, below the plaza, which leads to the eastern part of the concourse. [14][15] There are refrigeration units and steam turbine compressors on the 11th and 31st floors; the equipment on the 11th floor serves all stories below the 21st, while the equipment on the 31st floor serves all stories above the 22nd. Property Details Ironshore Inc. (4th Floor) The bank spent $30 million to clean the building's exterior, upgrade elevators, remove asbestos, remodel the lobby, remove the mezzanine, and improve the heating and cooling systems. [75], Reviews among architecture critics were more varied. [4], The block was formerly two smaller city blocks, separated by Cedar Street, which ran from west through east. The changes slated for the property have been approved by the Landmarks Preservation Commission (LPC) and will allow for three glass pavilions on the site which will give focus to the entrance from the plaza while giving access to the retail corridor below ground. [74] The plaza was completed in December 1963,[10] and the permanent banking office underneath it opened the next month, after which the temporary office was turned into an auditorium. The aluminum panels—chosen for their durability and performance—as well as vertical aluminum mullions. In the process, the building, known as One Chase Manhattan Plaza, created one of the world's greatest plazas as well as one of the world's greatest sunken plazas. [5][76] JPMorgan wants space in One Chase Manhattan Plaza TRD Staff | April 21, 2011 12:07PM JPMorgan Chase is having no trouble finding tenants for its One Chase Manhattan Plaza … The building's design is similar to that of SOM's earlier Inland Steel Building in Chicago. [106][108], From its announcement, 28 Liberty Street was covered extensively in magazines, newspapers, and journals. Price: Buildings in this range and location today are averaging rents between $60 to $90 PSF. The commercial property offers over 1 million sq. [90][91][92], Chase placed a temporary barricade fence around the plaza in September 2011, at the same time the Occupy Wall Street protests were occurring nearby, though Chase did not specify an exact reason.Occupy Wall Street protests were occurring nearby, though Chase did not specify an exact reason. [5] [84] The next year, Chase embarked on a comprehensive renovation of the building, the first major overhaul since its opening 30 years earlier; the renovations were undertaken by SOM. The plaza, officially known as the David Rockefeller Plaza since 2008,[36] is slightly raised above the surrounding streets, with a surrounding parapet, and surrounds the tower. [49] Later becoming the city's main Post Office in the mid-19th century, the church building was torn down in 1882. [23] By December 1960, the tower was completed, and Chase Manhattan Bank employees began moving in to the new tower the next month. [46][47] At the time, the 40-foot (12 m)-tall sculpture was the largest outdoor public artwork in New York City, beating out Pablo Picasso's "Bust of Sylvette" by 4 feet (1.2 m). [98] The building was placed for sale in August 2013. [106], Air-conditioning units on each mechanical floor weighed a total of 9,200 short tons (8,200 long tons; 8,300 t), making it "the largest fully air-conditioned building in New York". [103][104] The new name refers to the building's position on Liberty Street, but also connects to the Statue of Liberty in the distance and to "the good fortune that, according to Chinese tradition, is bound up in the number 8 [and] 28 denotes 'double prosperity'".Chinese, In 2018, Danny Meyer opened "Manhatta", a restaurant and event space taking up the building's entire 60th floor. [46], In its early years, the building faced several challenges. [35] On the roof are a series of fans, which are hidden behind a four-story enclosure with a surrounding parapet. At the time of its completion, the tower's rectilinear shape stood in stark contrast to the 19th-century spires of downtown, and its expansive plaza provided much-needed open space in the area. . [b] However, these setbacks were not required if the building occupied 25% or less of its lot. The property is also going to update and reclaim some of the tower’s original architectural details which have faded or worked away with time – this effort is coupled by 290,000 SF. [128], New York City Landmarks Preservation Commission, Federal Reserve Bank of New York Building, New York City Board of Standards and Appeals, Mutual Life Insurance Company of New York, First Amendment to the United States Constitution. [46] The sculpture is made of several fiberglass "leaves" and painted with polyurethane in hues of black and white. Mutual Life had expanded into several annexes on Liberty and Cedar Streets, as well as rented space in two buildings on Cedar Street. Foundation work took place between March 1957 and November 1958, and excavations reached 90 feet (27 m) below ground level. Magenics All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. [98] The building was placed for sale in August 2013. [70][11] The truck was later found abandoned, and the robbers escaped. The truck was later found abandoned, and the robbers escaped. [68] Before starting work on One Chase Manhattan Plaza, SOM built a one-story mockup with aluminum and stainless steel at Roosevelt Field. [37][38] Three marble staircases and two ramps connected the sidewalk to the plaza: a wide staircase and ramp from Pine Street to the south, a split staircase and ramp from Nassau and Cedar Streets to the west, and a smaller staircase from William and Cedar Streets to the east. ft. of virtually column-free space now available, supported by enhanced infrastructure and tenant generator service. [33] Passageways in the concourse led to the three surrounding subway stations. [107] The same year, Milbank, Tweed, Hadley & McCloy left their 340,000 square feet (32,000 m2) space in the building for the newly built 55 Hudson Yards. [14] The interior columns were hidden inside the building's "core", which contained its elevators and service rooms. One Chase Manhattan Plaza is a banking skyscraper located in the downtown Manhattan Financial District of New York City, between Pine, Liberty, Nassau, and William Streets. One Chase Manhattan Plaza is currently occupied by the successor to the "Rockefeller Bank", JPMorgan Chase & Co. [88] The same month, the public plaza around the tower was renamed for David Rockefeller. [31] Originally, there was a mezzanine for the loan offices, which was removed by the 1990s. The upper-floor elevators ran nonstop from the lobby to serve the upper floors, and were arranged in five "banks": one elevator bank served the second through 17th floors; three banks each served ten stories between the 17th through 47th floors; and the fifth bank served the 47th through 60th floors. [46][47] At the time, the 40-foot (12 m)-tall sculpture was the largest outdoor public artwork in New York City, beating out Pablo Picasso's "Bust of Sylvette" by 4 feet (1.2 m). [49] Later becoming the city's main Post Office in the mid-19th century, the church building was torn down in 1882. The downtown skyscraper known once before as One Manhattan Plaza now stands topday as 28 Liberty. [7] The city had rarely closed streets for private commercial development, except when there was "substantial" benefit to the public, such as with Grand Central Depot (later Grand Central Terminal) and the original Pennsylvania Station. Get instant access to our full database of office listings throughout NYC, $160 Million Dollar Improvement Program / Property Renovations. [40] Noguchi created a sunken Japanese rock garden in the recess, similar to one at Yale University's Beinecke Rare Book & Manuscript Library,[39][41]Sculptor Isamu Noguchi, a frequent collaborator of Bunshaft's,[39] was consulted for the design of the plaza. And 1 Chase Manhattan Plaza’s plaza, a dramatic canyon among the financial district cliffsides, was renamed Tuesday in honor of David Rockefeller, the former chairman of Chase and the man most closely identified with the bank tower. The firm renamed the property to One Chase Manhattan to 28 Liberty Street back in 2015. [39] Originally, the rock garden had a pool with goldfish, but the goldfish were removed in 1964, having died of copper poisoning when people threw pennies into the pool. [15] An air-conditioning system is embedded in the ceiling of each story. The building was designed by Gordon Bunshaft, of the firm Skidmore, Owings & Merrill (SOM), and consists of a stainless steel facade with black spandrels below the windows. "[19] New York Times critic Ada Louise Huxtable, writing in 1960, said that 28 Liberty Street, 1271 Avenue of the Americas, and 270 Park Avenue all had a "still too-rare esthetic excellence". [10][11] At the time, the total cost was estimated at $121 million, with $94 million for construction, another $16 million for utilities and land acquisition, and $11 million for furniture. [82] A Brink's truck in the building's underground garage was robbed in 1979 by two armed men driving a stolen fish truck, who took two hostages before transferring over $2 million into the refrigerated truck. 28 Liberty Street is on the northern half of a city block bounded to the west by Nassau Street, to the north by Liberty Street, to the east by William Street, and to the south by Pine Street. There are stairs leading down the east side of the plaza to Cedar Street. Original plans in 1956 called for square or rectangular recesses in the plaza, accessed by a spiral staircase, but the final 1957 design called for a circular recess, accessed from the concourse. [73] The plaza's official opening was celebrated with a party in May 1964. Property Type: Skyscraper All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. [48] Time magazine stated that 28 Liberty Street had "the Rockefeller touch"[121] while The New York Times referred to the tower as "New York’s newest landmark". There are 43 elevators in total: three service elevators running from the basements to the lobby; six passenger elevators from the lobby to the basements; and thirty-four passenger elevators from the lobby to the upper floors. [34] Legally, the plaza is private property rather than a privately owned public space. Chase Manhattan commences 1 New York Plaza renovation. Approved by the New York City Landmarks Preservation Commission, the design activates the street with new glass pavilion On October 18, 2013, JPMorgan sold the building to Fosun, a Chinese investment company, for $725 million,[98][101] finalizing the sale that December. [69] Of these, aluminum was used for its cost and appearance, despite both materials performing similarly. [14]&Air-conditioning units on each mechanical floor weighed a total of 9,200 short tons (8,200 long tons; 8,300 t), making it "the largest fully air-conditioned building in New York". [37][38] Three marble staircases and two ramps connected the sidewalk to the plaza: a wide staircase and ramp from Pine Street to the south, a split staircase and ramp from Nassau and Cedar Streets to the west, and a smaller staircase from William and Cedar Streets to the east. [5], Construction on the tower began in late 1956. Entertainment Law Firm Leaving Midtown East Digs for FiDi By Lauren Elkies Schram Premium . One Chase Manhattan Plaza is a 60-story skyscraper in New York City, New York, U.S.A.. View a detailed profile of the structure 116217 including further data and descriptions in the Emporis database. The Middle Collegiate Church was built on the northern portion of the lot in 1731. Phone: (212) 552-3819 (212) 552-3819. [126] William H. Whyte, a sociologist, praised the plaza as among the "great processional spaces" in New York City. [3] At the time, the Financial District had languished after many corporations had moved uptown. [22] Afterward, steel work commenced in December 1958,[10] with the building topping out during September 1959. [103][104] The new name refers to the building's position on Liberty Street, but also connects to the Statue of Liberty in the distance and to "the good fortune that, according to Chinese tradition, is bound up in the number 8 [and] 28 denotes 'double prosperity'". 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