First Look: Plans for Retail, Big Food Store Additions to 1 Wall Street

Rendering of the glass-walled retail addition planned for 1 Wall Street, which steps up to five floors. The addition wraps around the building at Broadway and Exchange Place. The main entrance to the food store is beneath the "EAT" sign on Broadway. Rendering: Robert A.M. Stern Architects via The Tribeca Trib

Posted
Mar. 08, 2016

The Financial District is getting a big infusion of retail on lower Broadway, including a major food store, and the developers have offered a preview of what’s to come.

As part of the residential conversion of 1 Wall Street, the 1931 landmark at Broadway and Wall Street, Macklowe Properties plans to create four levels of retail on the building’s southern (non-landmarked) addition. The developer is in “advanced negotiations with a well-known organic grocer,” Chris Brill-Edwards, a Macklowe executive vice president, told Community Board 1’s Financial District Committee last week. That grocer is reported to be Whole Foods.

Altogether, Brill-Edwards said, there will be 133,000 square feet of retail space.

Renderings show a Broadway entrance for the food store and an escalator that takes customers to a lower level, beneath a dramatic triple-height atrium.

With two other entrances, one around the corner on Exchange Place and the other behind the building on New Street, the food store is expected to occupy the ground floor and two levels below it for a total of 50,000 square feet, a person who is familiar with the project told the Trib. A food court is part of the addition.

There will be four floors of retail behind a five-story-high, stepped glass front that wraps around the corner of Broadway and Exchange Place, with a cafe and outdoor seating on Exchange Place.

“Turning onto Exchange Place there is basically a blank wall. People just walk by. There is nothing to do there,” said Hernan Chebar, the architect in charge of the project for Robert A.M. Stern Architects. “We want to have cafe tables, access to retail and we want this to happen during the day and during the night.”

Ground-floor stores will also occupy the landmark portion of the building, with entrances on Broadway and Wall Street.

Security fencing now blocks off narrow New Street, which runs with 1 Wall Street on one side and the New York Stock Exchange on the other. Chebar said the developer is in talks with city and federal security officials to relocate the fence so that pedestrians can walk along New Street and enter the building from the east. “That way the building will allow traffic through it, from Broadway to the New Street entrance, and from Wall Street to Exchange Place,” he said, “and really start to activate an area that was in a sense forgotten.”

One Wall Street, a 50-story skyscraper designed by Ralph Walker, originated in 1931 as the Irving Trust Company Building, later to become the Bank of New York Building. Its conversion, which Brill-Edwards said will include 180 condominium units and 300 rental apartments, is expected to be completed in 2018.