By Carter B. Horsley
Erected as an office building
in 1959 and designed
by Voorhees, Walker, Smith & Smith, this structure was
to a rental apartment building in 1997 by Rockrose Development,
one of New York City's major residential developers.
The 28-story building has a
near historic Federal Hall, the New York Stock Exchange, Trinity
Church, and some of the world's greatest skyscrapers in the heart
of the city's, and the world's, financial district.
Originally the building housed
The conversion to 435 rental
designed by Meltzer/Mendl Architects.
It has a health club, a doorman
a bicycle room, a recreation room, a sundeck, a garage, storage
space and valet service. Laundries are on the 3rd and 19th floors.
The building has no balconies but some terraces.
In their fine book, "The A.I.A.
to New York City, Fourth Edition," Elliot Willensky and Norval
White described it as "a bland building grasps for distinction
in its new residential posture with an elegant steel and glass
In her August 22, 1999 article
in The New
York Times entitled "Roomies on Wall Street," Jennifer
S. Lee provided the following comments about this building:
"The residents of 45 Wall
Street are relatively
young. They are urban. They are brazenly professional. The converted
office building in which they live, one block from the New York
Stock Exchange, has become known as an upscale dormitory of sorts
for armies of fresh college graduates, who invade Wall Street
from the country's premier universities. 'The question here is
what Wall Street company do you work for, not what do you do,'
said James Im, a University of Chicago graduate, who was doing
stomach crunches in the gym. 'Forty-five Wall is famous. It's
known to be an analyst's dormitory. If you're an analyst, you
know someone who lives in 45 Wall.'....When it was converted two
years ago to residential use, the building, which is managed by
the Rockrose Development Corporation, was designed for professionals,
with home offices; some apartments even have high-speed Internet
access. But few take advantage of that option. Today, half of
the residents work in the financial industry. The average age
is 28. The average salary is $70,000....The location is convenient,
even though the financial district becomes a ghost town after
6 PM....The doormen at 45 Wall don't find it unusual when residents
stumble in at 4 or 5 A. M. Tenants regularly arrive home as others
are leaving for work....Like many dorms, 45 Wall even has a common
area - the rooftop lounge, complete with pool table, big-screen
television and a party-size wrap terrace, which can be rented
for $100 a hour....Older people wandering the hotel-like hallways
are presumed to be parents of residents....This being Wall Street,
the building has an indoor practice golf course. It also has a
dry cleaning service....Residents rarely cook, and kitchens are
barren....There are two men to every woman...."
The building has three setbacks
and is just
to the west of the very impressive 55 Wall Street building that
is notable for its double colonnade.
Subways are very convenient and
the area has
begun to attract some up-scale stores.