By Carter B. Horsley
The Hakimiam Organization,
Realty and Gorjian Properties converted this 36-story tower at
75 Wall street to 350 condominium apartments and a 250-room hotel
The hotel is managed by the
under its recently launched luxury lifestyle brand, Andaz, which
means "personal style."
The handsome, rose-brick
building was built
as an office building in 1987 and occupies the Wall Street blockfront
between Pearl and Water Streets and it is not far from the South
Street Seaport. It was designed by Welton Becket Associates as
an office building and Schuman Lichtenstein Claman & Efron
(SLCE) was the architectural firm for the conversion. The Rockwell
Group designed the interiors and public spaces for both the residences
J.P. Morgan Chase bought the
Barclays Bank in 2004 and a December 21, 2005 article in Real
Estate Weekly in 2005 indicated it was purchased by the
Organization and Peykar Brothers Realty for $185 million. Gorjian
Properties is a partner in the development.
The bank had agreements with
two of the largest
tenants in the 640,000-sq.ft. building - Dresdner Kleinwort Wasserstein
and Fireman's Fund Insurance Co. - to buy out their leases.
In their excellent book, "The
to New York City, Fourth Edition" (Three Rivers Press, 2000),
Elliot Willensky and Norval White commented on the building noting
that "A deep, generous entrance arch through a flamed granite
base offers a promise, but the flat detailing above doesn't deliver,"
adding that "The park provides the obligatory waterfall,
but little to promote pedestrian serenity."
Apartments comprise the upper
24 floors and
have 10-foot-high ceilings and "a custom-built overhead storage
system that maximizes the use of space." Open-plan kitchens
have glass-tile backsplaches and lacquer and glass cabinetry and
baths have white marble walls. Duplex penthouses have fireplaces,
custom-built library walls and terraces with wetbars.
Residents have hotel services
service, catering, housekeeping, valet laundry and parking, a
concierge, Club 75, a facility on the 18th floor with a cardio-fitness
center, massage treatment, media room and game room, and a rooftop
solarium and lounge and indoor-outdoor fireplace.
In 2000, a bomb exploded in
front of the building.
Some of the Hakimian
developments include 50 and 184 Lexington Avenue, 236 East 47th
Street and 277 Mulberry Street.