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55 Water Street is a skyscraper on the East River in the Financial District of Lower Manhattan, New York City. The 53-story, structure was completed in 1972. Designed by Emery Roth and Sons, the building was developed by the Uris brothers. At the time of completion, it was the world's largest privately owned office building by floor area. 55 Water Street is built on a superblock bounded by Coenties Slip to the southwest, Water Street to the northwest, Old Slip to the northeast, and South Street and FDR Drive to the southeast. It is owned by the pension fund Retirement Systems of Alabama (RSA). 55 Water Street is composed of two sections: a 53-story tower to the south and a 15-story wing to the north. The building's facade is made of masonry and glass. The south building is rectangular, while the north building contains sloped walls and runs parallel to the northwestern boundary of the site. The foundations are made of reinforced concrete-slab walls and the superstruct ...
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Lower Manhattan
Lower Manhattan (also known as Downtown Manhattan or Downtown New York) is the southernmost part of Manhattan, the central borough for business, culture, and government in New York City, which is the most populated city in the United States with over 8.8 million residents as of the 2020 census. Lower Manhattan is defined most commonly as the area delineated on the north by 14th Street, on the west by the Hudson River, on the east by the East River, and on the south by New York Harbor. The Lower Manhattan business district, known as the Financial District (FiDi), forms the main core of the area below Chambers Street. It is a leading global center for commerce, housing Wall Street, the New York Stock Exchange, and the Federal Reserve Bank of New York. The city itself originated at the southern tip of Manhattan Island in 1624 at a point that now constitutes the present-day Financial District. The population of the Financial District alone has grown to an estimated 61,000 resid ...
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Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Superstructure
A superstructure is an upward extension of an existing structure above a baseline. This term is applied to various kinds of physical structures such as buildings, bridges, or ships. Aboard ships and large boats On water craft, the superstructure consists of the parts of the ship or a boat, including sailboats, fishing boats, passenger ships, and submarines, that project above her main deck. This does not usually include its masts or any armament turrets. Note that in modern times, turrets do not always carry naval artillery, but they can also carry missile launchers and/or antisubmarine warfare weapons. The size of a watercraft's superstructure can have many implications in the performance of ships and boats, since these structures can alter their structural rigidity, their displacements, and/or stability. These can be detrimental to any vessel's performance if they are taken into consideration incorrectly. The height and the weight of superstructure on board a ship or a bo ...
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Vietnam Veterans Plaza
Vietnam Veterans Plaza is an American memorial plaza in Manhattan, New York. It honors New York City citizens who served during the 20th-century Vietnam War. Description and history Located in the Financial District in Lower Manhattan, it lies on a trapezoidal parcel of land that was formerly a roadway named Coenties Slip. The slip road was used from the 17th century by Dutch sailors between journeys. The slip was filled in 1835, and it then became Jeannette Park in 1884, dedicated to the ill-fated of the ''Jeannette'' expedition. Horticulturist Samuel Parsons was responsible for laying out the garden in 1886. By the mid-20th century, city planner Robert Moses had rebuilt the park with "horseshoe pitches and tennis, paddleball, handball, and shuffleboard courts all arranged around a tear-shaped asphalt plaza with a flagpole". As part of the construction of the neighboring 55 Water Street, Paul Friedberg was commissioned to redesign the land in 1971, to which he added t ...
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Topped Out
In building construction, topping out (sometimes referred to as topping off) is a builders' rite traditionally held when the last beam (or its equivalent) is placed atop a structure during its construction. Nowadays, the ceremony is often parlayed into a media event for public relations purposes. It has since come to mean more generally finishing the structure of the building, whether there is a ceremony or not. Also commonly used to determine the amount of wind on the top of the structure. History The practice of "topping out" a new building can be traced to the ancient Scandinavian religious rite of placing a tree atop a new building to appease the tree-dwelling spirits displaced in its construction. Long an important component of timber frame building, it migrated initially to England and Northern Europe, thence to the Americas. A tree or leafy branch is placed on the topmost wood or iron beam, often with flags and streamers tied to it. A toast is usually drunk and sometimes ...
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Chemical Bank Of New York
Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning in 1920 and accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the U.S. banking industry, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. After 1968, the bank operated as the primary subsidiary of a bank holding company that was eventually renamed Chemical Banking Corporation. In 1996, Chemical acquired Chase Manhattan Corporation in a merger valued at $10 billion to create the largest financial institution in the United States. Although Chemical was the acquiring company and the nominal survivor, the merged bank adopted the Chase name, which was considered to be better known, particularly internationally. Overview of the company Chemical Bank ...
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National Kinney Corporation
National Kinney Corporation was a parking, property management services, and real estate development company based in New York City. It was established on August 7, 1971 when Kinney National Company spun off its non-entertainment assets due to a financial scandal over its parking operations. History National Kinney expanded from parking and building services into real estate development by purchasing the Uris Buildings Corporation, but the timing was bad as the NY real estate market collapsed in the 1973-75 recession and the main Uris Building asset was soon lost to foreclosure. In March 1974, Societe de Gestion Immobiliere et Mobiliere S.A., a French holding company, announced that they were interested to buy National Kinney Corporation from Warner Communications for $8 million in cash. However, the deal between two companies was terminated on June 22 of that same year. Four years later, on December 28, National Kinney was spun out from Warner Communications as an independent c ...
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East River
The East River is a saltwater tidal estuary in New York City. The waterway, which is actually not a river despite its name, connects Upper New York Bay on its south end to Long Island Sound on its north end. It separates the borough of Queens on Long Island from the Bronx on the North American mainland, and also divides Manhattan from Queens and Brooklyn, also on Long Island.Hodges, Godfrey. "East RIver" in Jackson, pp.393–93 Because of its connection to Long Island Sound, it was once also known as the ''Sound River''. The tidal strait changes its direction of flow frequently, and is subject to strong fluctuations in its current, which are accentuated by its narrowness and variety of depths. The waterway is navigable for its entire length of , and was historically the center of maritime activities in the city. Formation and description Technically a drowned valley, like the other waterways around New York City, the strait was formed approximately 11,000 years ago at the e ...
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Olympia And York
Olympia & York (also spelled as Olympia and York, abbreviated as O&Y) was a major international property development firm based in Toronto, Canada. The firm built major financial office complexes including Canary Wharf in London, the World Financial Center in New York City, and First Canadian Place in Toronto. It went Bankruptcy, bankrupt in the early 1990s and was recreated to eventually become Olympia & York Properties. History Early years The company was founded by Paul Reichmann and his brothers, Albert Reichmann, Albert and Ralph, in Toronto in the early 1950s as an outgrowth of their Olympia Flooring and Tile Company. It first built and operated warehouses and other commercial buildings in Toronto. Its first major project was the development of the vast Flemingdon Park project on Don Mills Road. The company then took a major gamble, winning the fierce bidding war for the final undeveloped property at the corner of King Street (Toronto), King and Bay Street (Toronto), Bay ...
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Foundation (engineering)
In engineering, a foundation is the element of a structure which connects it to the ground, transferring loads from the structure to the ground. Foundations are generally considered either shallow or deep. Foundation engineering is the application of soil mechanics and rock mechanics (geotechnical engineering) in the design of foundation elements of structures. Purpose Foundations provide the structure's stability from the ground: * To distribute the weight of the structure over a large area in order to avoid overloading the underlying soil (possibly causing unequal settlement). * To anchor the structure against natural forces including earthquakes, floods, droughts, frost heaves, tornadoes and wind. * To provide a level surface for construction. * To anchor the structure deeply into the ground, increasing its stability and preventing overloading. * To prevent lateral movements of the supported structure (in some cases). Requirements of a good foundation The design and the c ...
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Land Lot
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries. A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by th ...
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