Located in the heart of the Financial District, 70 Pine Street is one of the city’s largest residential buildings as well as one of its most sought after—and undoubtedly one of downtown’s most exclusive properties.
The limestone and glass 70 Pine Street building has been undergone construction by the development and management company, Rose Associates, to transform this former office building into 644 luxury apartments that are bound to attract financial industry denizens.
Originally built in 1932 by Clinton and Russell, the Art Deco skyscraper, which is actually New York City’s fifth tallest, has changed hands several times over the years. One of its most notable recent owners was the insurance giant AIG which sold the building when they moved their headquarters.
Subsequently, the 66-story landmarked tower has continued to change owners and was even left vacant briefly before it was finally picked up by Rose Associates.
The $550-million 70 Pine Street project includes plans to add a restaurant that will take up 15,000 square feet of its 35,000-square-foot first-level space, a members only club that will provide its residents with exceptional luxury services and a two-level fitness spa.
In addition, more than 100 of the splendid apartments in this prewar, vintage building will feature terraces, and 132 supplementary units will be devoted to extended-stay occupants.