Move over Woolworth Building. Another iconic Lower Manhattan skyscraper is slated for a residential conversion, this time by Deborah Berke Partners and architects of record Steven B. Jacobs Group. The 66-story art deco landmark at 70 Pine Street was built in 1932 as the Cities Service Company, and more recently served as the headquarters of American International Group (AIG), and now developer Rose Associates plans to transform the tower into 700 luxury apartments above a 300-room hotel.
Standing at 952 feet tall, 70 Pine was originally the 3rd tallest building in the world, behind the Empire State Building and the Chrysler Building, and is still one of the tallest in the city. Stylized art deco detailing in stone and aluminum covers the building’s exterior and lobby, with a miniature stone model of the structure standing between the building’s main entrances (see below). Stephen B. Jacobs, principal of the Stephen B. Jacobs Group, said all significant historical elements of the structure will remain intact in line with NYC Landmarks laws and guidelines for historic tax credits.
Individual residences, however, will begin with a clean slate and feature modern design. “The residences will be modern in a way that’s inspired by what’s already there,” said Christopher Yost, Associate Architect at Deborah Berke Partners. “They’re designed to be compatible with the existing building.”
Interior demolition has already begun on site, but Jacobs noted that final plans including the official number of units could change in the future and that a design team for the hotel below the residences has not been finalized. He said four to six apartments are planned per floor in the tower with more units filling floors on the tower’s base. The building’s pointed spire, featuring an observation deck and glowing lantern at its pinnacle, will be part of the residential program, but it hasn’t been decided whether it will serve as a penthouse or communal space. Construction is expected to take around 18 months, meaning 70 Pine should open sometime in summer 2014.