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45 Broad Street
45 Broad Street is a 68-story, supertall residential skyscraper being constructed in the Financial District of Manhattan, New York City. The building will become Lower Manhattan's tallest residential tower. Excavation started in 2017, but , construction is on hold. History Site Swig Equities acquired the 45 Broad Street site, as well as the adjacent Broad Exchange Building, in 2006. Swig planned to demolish a preexisting building at 45 Broad Street and part of the Broad Exchange Building to transfer air rights for a proposed development. Swig wished to build a Nobu Hotel for the site, which was backed by Robert De Niro. The building would have been designed by Moed de Armas and Shannon with a conventional glass curtain wall along with interiors by David Rockwell. The building would have contained a retail base, 128 hotel rooms, and 77 "super-luxury" condominiums above the hotel on floors 41 through 62. The planned Nobu Hotel would have been 62 stories and in height and was ...
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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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Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ...
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Broad Street (Manhattan)
Broad Street is a north–south street in the Financial District of Lower Manhattan in New York City. Originally the Broad Canal in New Amsterdam, it stretches from today's South Street to Wall Street. The canal drew its water from the East River, and was infilled in 1676 after numerous fruit and vegetable vendors made it difficult for boats to enter the canal. Early establishments on Broad Street in the 1600s included the Fraunces Tavern and the Royal Exchange. Later on the area became the center of financial activity, and all smaller buildings in turn were replaced with grand banks and stock exchange buildings. Most of the structures that stand today date from the turn of the 20th century, along with more modern buildings constructed after the 1950s. History 1600s: New Amsterdam canal Broad Street, formerly called ''Princess Graft'' in old New Amsterdam. Originally an inlet from the East River, the canal was flanked by two solid ranks of three-story houses, with paths in ...
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New York City Council
The New York City Council is the lawmaking body of New York City. It has 51 members from 51 council districts throughout the five Borough (New York City), boroughs. The council serves as a check against the Mayor of New York City, mayor in a mayor-council government model, the performance of city agencies land use decisions, and legislating on a variety of other issues. It also has sole responsibility for approving the city budget. Members elected in or after 2010 are limited to two consecutive four-year terms in office but may run again after a four-year respite; however, members elected before 2010 may seek third successive terms. The head of the city council is called the speaker (politics), speaker. The current speaker is Adrienne Adams (politician), Adrienne Adams, a Democrat from the 28th district in Queens. The speaker sets the agenda and presides at city council meetings, and all proposed legislation is submitted through the Speaker's Office. Majority Leader Keith Powers ...
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New York City Subway
The New York City Subway is a rapid transit system owned by the government of New York City and leased to the New York City Transit Authority, an affiliate agency of the state-run Metropolitan Transportation Authority (MTA). Opened on October 27, 1904, the New York City Subway is one of the world's oldest public transit systems, one of the most-used, and the one with the most stations, with New York City Subway stations, 472 stations in operation (424 if stations connected by transfers are counted as single stations). Stations are located throughout the boroughs of Manhattan, Brooklyn, Queens, and the Bronx. The system has operated 24/7 service every day of the year throughout most of its history, barring emergencies and disasters. By annual ridership, the New York City Subway is the busiest rapid transit system in both the Western Hemisphere and the Western world, as well as the List of metro systems, seventh-busiest rapid transit rail system in the world. In , the subway deliv ...
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Broad Street Station (BMT Nassau Street Line)
The Broad Street station is a station on the BMT Nassau Street Line of the New York City Subway at the intersection of Broad and Wall Streets in the Financial District of Manhattan. It serves as the southern terminal for J trains at all times and for Z trains during rush hours in the peak direction. The station was built as part of the Dual Contracts, signed between the Brooklyn Rapid Transit Company (later reorganized as the Brooklyn–Manhattan Transit Corporation, or BMT) and the city in 1913. The Nassau Street Line was one of the last lines to be completed under the Dual Contracts, and construction did not proceed until James Walker was elected as mayor of New York City in 1926. This station opened on May 29, 1931, as part of the final portion of the Nassau Street Line. Despite being under Broad and Nassau Streets, with Wall Street as the cross-street, this station was named after Broad Street to prevent confusion with other stations. Between 1990 and 2015, Broad Street ...
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New York City Landmarks Preservation Commission
The New York City Landmarks Preservation Commission (LPC) is the New York City agency charged with administering the city's Landmarks Preservation Law. The LPC is responsible for protecting New York City's architecturally, historically, and culturally significant buildings and sites by granting them landmark or historic district status, and regulating them after designation. It is the largest municipal preservation agency in the nation. , the LPC has designated more than 37,000 landmark properties in all five boroughs. Most of these are concentrated in historic districts, although there are over a thousand individual landmarks, as well as numerous interior and scenic landmarks. Mayor Robert F. Wagner Jr. first organized a preservation committee in 1961, and the following year, created the LPC. The LPC's power was greatly strengthened after the Landmarks Law was passed in April 1965, one and a half years after the destruction of Pennsylvania Station. The LPC has been involved ...
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Art Deco
Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the United States and Europe during the 1920s and 1930s. Through styling and design of the exterior and interior of anything from large structures to small objects, including how people look (clothing, fashion and jewelry), Art Deco has influenced bridges, buildings (from skyscrapers to cinemas), ships, ocean liners, trains, cars, trucks, buses, furniture, and everyday objects like radios and vacuum cleaners. It got its name after the 1925 Exposition internationale des arts décoratifs et industriels modernes (International Exhibition of Modern Decorative and Industrial Arts) held in Paris. Art Deco combined modern styles with fine craftsmanship and rich materials. During its heyday, it represented luxury, glamour, exuberance, and faith in socia ...
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One Madison
One Madison is a luxury residential condominium tower located on 23rd Street (Manhattan), 23rd Street between Broadway (Manhattan), Broadway and Park Avenue South, at the foot of Madison Avenue, across from Madison Square Park in the Flatiron District of Manhattan, New York City. The building's official address and main lobby (room), lobby entrance is at 23 22nd Street (Manhattan), East 22nd Street, rather than at 1 Madison Avenue; there is no public entrance on 23rd Street. The building as constructed has 53 residential units across 60 stories. Construction started in 2006, and it Topping out, topped out during 2010, but remained incomplete for another three years due to financial difficulties. At a height of 621 feet (189.3 m), One Madison is one of the slenderest buildings in the world, with a slenderness ratio, height-to-width ratio of 12:1. History Although much of the area nearby is included in various historic districtssuch as the Ladies' Mile Historic Distr ...
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New York Stock Exchange Building
The New York Stock Exchange Building (also the NYSE Building), in the Financial District of Lower Manhattan in New York City, serves as the headquarters of the New York Stock Exchange (NYSE). It is composed of two connected structures occupying part of the city block bounded by Wall Street, Broad Street, New Street, and Exchange Place. The central section of the block contains the original structure at 18 Broad Street, designed in the Classical Revival style by George B. Post. The northern section contains a 23-story office annex at 11 Wall Street, designed by Trowbridge & Livingston in a similar style. The marble facade of 18 Broad Street contains colonnades facing east toward Broad Street and west toward New Street, both atop two-story podiums. The Broad Street colonnade, an icon of the NYSE, contains a pediment designed by John Quincy Adams Ward and Paul Wayland Bartlett, depicting commerce and industry. The facade of 11 Wall Street is simpler in desig ...
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The Real Deal (magazine)
''The Real Deal'' is a media company with a focus on New York City, South Florida and Los Angeles. The news outlet was started in 2003 by Amir Korangy, and focuses on both commercial and residential real estate. The online and print publication, which serves as a source for other periodicals, was self-proclaimed "the must-read news source for real estate news," in a profile in the ''Los Angeles Times'' in 2009, and "the hot sheet for NYC real estate professionals," by the ''New York Post''. History Korangy's ''Korangy Publishing'' founded ''The Real Deal'' in April 2003. It was Korangy's third venture into publishing, the first being the ''Gringo Gazette'', a weekly newspaper in Baja, Mexico targeted at expatriates, and the second being the ''Washington Free Press'', a weekly tabloid in Washington, D.C. Korangy was named one of the 100 most powerful figures in New York City real estate by the ''New York Observer'' in 2009. The magazine's editor-in-chief since its first year i ...
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