375 Pearl Street (also known as Intergate.Manhattan, the Verizon Building, and One Brooklyn Bridge Plaza) is a 32-story office and

datacenter A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

building in the Civic Center of

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 ...

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 L ...

, at the

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 ...

end of the

Brooklyn Bridge The Brooklyn Bridge is a hybrid cable-stayed/ suspension bridge in New York City, spanning the East River between the boroughs of Manhattan and Brooklyn. Opened on May 24, 1883, the Brooklyn Bridge was the first fixed crossing of the East River ...

. The building was built for the

New York Telephone Company The New York Telephone Company (NYTel) was organized in 1896, taking over the New York City operations of the American Bell Telephone Company. Predecessor companies The Telephone Company of New York was formed under franchise in 1876. The princi ...

and was completed in 1975. In 2016, the building underwent a renovation.

History

The building was built for the

and was completed in 1975. The building originally appeared windowless but had several (some with glass) running up the building. As it approached completion, ''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'' architecture critic Paul Goldberger decried it as the "most disturbing" of the phone company's new switching centers because it "overwhelms the Brooklyn Bridge towers, thrusts a residential neighborhood into shadow and sets a tone of utter banality." In the 1990s and 2000s,

Verizon Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in ...

switching operations included a small

DMS-100 The DMS-100 is a member of the Digital Multiplex System (DMS) product line of telephone exchange switches manufactured by Northern Telecom. Designed during the 1970s and released in 1979, it can control 100,000 telephone lines. The purpose of th ...

telephone exchange A telephone exchange, telephone switch, or central office is a telecommunications system used in the public switched telephone network (PSTN) or in large enterprises. It interconnects telephone subscriber lines or virtual circuits of digital syst ...

and a Switching Control Center System. The building's

CLLI code CLLI code (sometimes referred to as CLLI name or COMMON LANGUAGE Location Identifier Code, and often pronounced as ''silly'') is a Common Language Information Services identifier used within the North American telecommunications industry to specif ...

, its identification in the telecommunications industry, was NYCMNYPS. The Pearl Street CS2K softswitch was the recipient of voice traffic from decommissioned legacy switches in the city.

2000s

The building played an important part in recovering service to the

New York City Police Department The New York City Police Department (NYPD), officially the City of New York Police Department, established on May 23, 1845, is the primary municipal law enforcement agency within the City of New York, the largest and one of the oldest in ...

following the

September 11, 2001 attacks The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial ...

. Prior to May 2002, the building featured the logo of New York Telephone and Bell Atlantic, but that month, that sign was removed and replaced with the logo of Verizon. In September 2007 it was announced that

Taconic Investment Partners Taconic Investment Partners is a real estate developer in New York City. They have been involved in projects such as Essex Crossing, American Bank Note Company Printing Plant, 111 Eighth Avenue (where they have their offices) and Coney Island. T ...

had purchased the building from

, which leased back floors 8 through 10. Taconic bought the 1.098-million-square-foot building () for $172.05 million, which amounted to $185 a foot when property was selling in Manhattan for $500 a foot. Other appeals of the building were its 16- to ceilings and floor plans as well as the naming rights. Taconic had announced plans to replace the facade with a glass curtain wall designed by Cookfox. ''

'' wrote:

Paul E. Pariser, co-chief executive of Taconic, said a reporter had told him: 'Mr. Pariser, you have a challenge cut out for you — turning a G.E. dishwasher into an office building.' I like that challenge.

2010s to present

In early June 2011, data center operator Sabey Data Center Properties purchased the deed in lieu of foreclosure from M&T Bank for $120 million, considerably less than what Taconic had paid a few years earlier. Sabey had initially intended to partner with YoungWoo & Associates but instead hired National Real Estate Advisors as its development partner. Sabey intended to redevelop the property as a major Manhattan

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

and technology building called Intergate.Manhattan. John Sabey, president of the company, said Intergate.Manhattan would appeal to "new scientific, academic and medical research centers" in addition to data center tenants. In 2012, ''

The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was fo ...

'' ranked 375 Pearl Street as the 20th "ugliest building in the world". Starting in 2016, the building was renovated. The limestone walls on the top 15 stories were removed and replaced with plate glass panels to improve the building's aesthetics and attract traditional office tenants. Leasing of the office stories had started in January 2016. Sabey placed the 15th through 30th stories for sale in 2018 for over $300 million. The space was instead leased to tenants like the

and Rafael Viñoly Architects. Viñoly Architects bought the floors that it occupied in July 2020. Sabey and National Real Estate Advisors refinanced the building in June 2021.

Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

and

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

gave the owners a $220 million fixed-rate loan as well as a $30 million mezzanine loan.

Tenants

The building was traditionally home primarily to telecommunications tenants, but following the renovations has attracted numerous traditional office users. The

New York City government The government of New York City, headquartered at New York City Hall in Lower Manhattan, is organized under the New York City Charter and provides for a mayor-council system. The mayor is elected to a four-year term and is responsible for the ...

occupies a significant area of the building including the NYPD with on the 15th through 17th floors, the Human Resources Administration with , the Department of Finance with , and the Department of Sanitation with . Following the

2021 New York City mayoral election The 2021 New York City mayoral election was held on November 2, 2021. Incumbent Mayor Bill de Blasio was term-limited and ineligible to run for re-election. On June 22, 2021, the primary elections for the Democratic and Republican primaries ...

, the space also contained an office for mayor Eric Adams. Following the renovation, Rafael Viñoly Architects signed a 20-year, lease for the 31st floor of the building in July 2018.

References

External links