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Silverstein to Build City's Tallest Apartment Tower
The megadeveloper has already completed the 40-story 7 World Trade Center, and work on three office towers on the trade center site is ready to begin. But when he unveiled the designs for his 99 Church Street building at a Downtown Alliance breakfast Jan. 29, it was hardly routine. Silverstein’s World Trade Center will add 6.2 million square feet of office space to Lower Manhattan, but this latest design, a few blocks north, will be dedicated to residential use, and a lot of it. At 80 stories and 912 feet tall, the Church Street tower, to be completed in 2011, will dwarf the nearby Woolworth Building. The first 22 floors will be taken up by a 175-room Four Seasons hotel, the second in the city. One hundred forty three apartments, some as large as 6,500 square feet, will fill the remaining floors of the tower and will also be managed by the Four Seasons. Guests will enter the hotel on Barclay Street, while the tenant entrance will be on Park Place. The luxury residences will have access to a 75-foot heated pool, among other amenities. Silverstein said the addition of a five-star hotel is a critical part of making Downtown competitive with Midtown Manhattan. “This area still has 400 fewer hotel rooms than there were before 9/11,” he said. The tall, slender design Silverstein unveiled is by the noted architect, Robert A.M. Stern, dean of the Yale School of Architecture. The site will feature below-ground parking and a through-block public plaza between Barclay Street and Park Place. The existing building at 99 Church Street had served as the headquarters of Moody’s Corporation until Moody’s relocated to Silverstein’s recently completed 7 World Trade Center. Demolition of the existing building began last fall, and work on the foundations for the new building is scheduled to begin this June. Silverstein spokesman Dara McQuillan later told the Trib there will be “off and on” pile driving for six months, with work performed during regular daytime hours and primarily on week days. Occasional weekend work will not be noisy, he added. With the completion dates for his Lower Manhattan projects still years away, Silverstein acknowledged the inconvenience the construction imposes on the neighborhood, but promised the results will be worth waiting for. “Downtown is a success, and yet five years from now it will be something else entirely,” he said. “If we all keep pulling our oars a little longer, we’re going to get there.”
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