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[86] The renovations were completed by 1994. Chase Plaza. In its early years, the building faced several challenges. The glass panes are set within aluminum panels—chosen for their durability and performance—as well as vertical aluminum mullions. [68] Before starting work on One Chase Manhattan Plaza, SOM built a one-story mockup with aluminum and stainless steel at Roosevelt Field. From the beginning, One Chase Manhattan Plaza had a 99% occupancy rate: the bank was on the lower stories, and 61 companies with a combined 2,500 workers were on the upper stories. [75] The structure cost $138 million in total, including the plaza. The glass panels began blowing away from the building during high winds: during 1962, fifteen glass panels fell from the building due to negative pressure caused by combination of the building's design and minute weaknesses in the glass. Follow us: We're here to help you manage your money today and tomorrow. The plaza, officially known as the David Rockefeller Plaza since 2008,[36] is slightly raised above the surrounding streets, with a surrounding parapet, and surrounds the tower. ATMs. [39] In November 1956, architecture critic Douglas Haskell praised the bulky massing of buildings such as 28 Liberty Street, the Seagram Building, and the Lever House. He called these buildings "excellent development" in contrast with other structures built as part of the 1916 Zoning Resolution, saying that buildings with "wedding-cake" setbacks were an "abomination". [36] The New York City Landmarks Preservation Commission held hearings to designate One Chase Manhattan Plaza as an official landmark in mid-2008,[89][90] and officially recognized the building as such on February 10, 2009. [93][94] The ostensible reason for the barricades was construction work in the plaza, though observers saw little work within the plaza,[94] leading to numerous lawsuits against the city's Department of Buildings and Chase; one such lawsuit alleged that the barriers violated the right to freedom of speech provided under the First Amendment to the United States Constitution, although the plaza was a private space. [80][f] The "Group of Four Trees" sculpture in the plaza was installed in 1972. The building was powered by transformer vaults in the first basement and the 51st floor, which in turn drew their power from primary feeders on the second basement. He described it as an “honor” to own 1 Chase Manhattan Plaza, the building David Rockefeller developed as part of a campaign to preserve downtown’s relevance as a … [10][68] Before starting work on One Chase Manhattan Plaza, SOM built a one-story mockup with aluminum and stainless steel at Roosevelt Field. One Chase Manhattan Plaza attraction travel guidebook, New York must-visit attractions. The downtown skyscraper known once before as One Manhattan Plaza now stands topday as 28 Liberty. [42] Seven large, dark basalt rocks from Japan were used in the garden, placed atop a surface of 27,000 white granite blocks, each measuring 4 inches (100 mm) square. Assurant (41st Floor) The building's design is similar to that of SOM's earlier Inland Steel Building in Chicago. [39] Originally, the rock garden had a pool with goldfish, but the goldfish were removed in 1964, having died of copper poisoning when people threw pennies into the pool. Aside from selling office space Fosun has also finalized details on a 50,000 square foot multi-screen cinema complex within the building – called the Alamo Draft House. [69] Of these, aluminum was used for its cost and appearance, despite both materials performing similarly. [70][11], Up to 1,800 workers were employed at any given time. [36] All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. 1 Chase Manhattan Plz Directions {{::location.tagLine.value.text}} Sponsored Topics. [105] The renovations included a 35,000 square feet (3,300 m2) food hall on the ground floor as well as a 45,000 square feet (4,200 m2), 10-screen Alamo Drafthouse Cinema in the below-ground space. [97] [31], Sculptor Isamu Noguchi, a frequent collaborator of Bunshaft's,[39] was consulted for the design of the plaza. [30], The floors beneath the plaza are much larger, covering the entire lot with a combined area of 600,000 square feet (56,000 m2). All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. [15][20] A groundbreaking ceremony for the building was held on January 29, 1957, with the first ceremonial scoop of dirt being excavated by Chase Manhattan's longest-tenured worker. [23] By December 1960, the tower was completed, and Chase Manhattan Bank employees began moving in to the new tower the next month. [83] [81] A fire also took place in the sub-basement in 1962,negative pressure caused by combination of the building's design and minute weaknesses in the glass. [69] Of these, aluminum was used for its cost and appearance, despite both materials performing similarly. Planning and construction By March 2008, the tower and the surrounding plaza were being considered for official landmark status. Mutual Life had expanded into several annexes on Liberty and Cedar Streets, as well as rented space in two buildings on Cedar Street. [42] Seven large, dark basalt rocks from Japan were used in the garden, placed atop a surface of 27,000 white granite blocks, each measuring 4 inches (100 mm) square. [53] Few large buildings and structures had been erected in the neighborhood since the 1930s, except for transit infrastructure such as the Brooklyn–Battery Tunnel and office towers at 99 Church Street and 161 William Street. [84] The next year, Chase embarked on a comprehensive renovation of the building, the first major overhaul since its opening 30 years earlier; the renovations were undertaken by SOM. [14] Chase was granted a variance from the New York City Board of Standards and Appeals so that the building actually occupied 27.3% of the site; the extra 2.3% site coverage allowed for an additional 700 square feet (65 m2) on each 29,680-square-foot (2,757 m2) floor. The public plaza faces Federal Hall National Memorial to the southwest and 40 Wall Street to the south. [50] The building site then served as the headquarters of the Mutual Life Insurance Company of New York from 1884 until the company moved to Broadway in 1950. Built 1957-64; Skidmore, Owings & Merrill, architect, Gordon Bunshaft, partner in charge of design, Jacques E. Guiton, lead designer. [72] Chase Manhattan opened a temporary office within the tower while the plaza and basements were under construction. JPMorgan Chase is having no trouble finding tenants for its One Chase Manhattan Plaza building on Liberty Street downtown, the problem is, it wants … [48] [93][94] The ostensible reason for the barricades was construction work in the plaza, though observers saw little work within the plaza,[94] leading to numerous lawsuits against the city's Department of Buildings and Chase; one such lawsuit alleged that the barriers violated the right to freedom of speech provided under the First Amendment to the United States Constitution, although the plaza was a private space. [73] The official opening was held on May 28, 1961; the southern block had not been cleared at the time of the tower's opening, and the only progress on that block was a group of nine trees that had been planted on Nassau Street. Year Built: 1957 to 1961 [38][95] Some advocates lodged complaints with the Landmarks Commission, though the barricades were not under the commission's jurisdiction since they were movable barriers. [36], By March 2008, the tower and the surrounding plaza were being considered for official landmark status. [22] Afterward, steel work commenced in December 1958,[10] with the building topping out during September 1959. In 1990, law firm Milbank, Tweed, Hadley & McCloy signed a lease for 330,000 square feet (31,000 m2) of space in the tower with options to expand to up to 750,000 square feet (70,000 m2). Entertainment Law Firm Leaving Midtown East Digs for FiDi By Lauren Elkies Schram Premium . There are 4 closings on record since 1988-08-10, of which we have matching data for 0 listings. [39] A photograph of the building by Erich Locker, called "The Chase Manhattan Tower at Dawn", was utilized in many advertisements. [40] Noguchi created a sunken Japanese rock garden in the recess, similar to one at Yale University's Beinecke Rare Book & Manuscript Library,[39][41]Sculptor Isamu Noguchi, a frequent collaborator of Bunshaft's,[39] was consulted for the design of the plaza. The bank spent $30 million to clean the building's exterior, upgrade elevators, remove asbestos, remodel the lobby, remove the mezzanine, and improve the heating and cooling systems. [8], Skidmore, Owings & Merrill (SOM) designed 28 Liberty Street. [40] Noguchi created a sunken Japanese rock garden in the recess, similar to one at Yale University's Beinecke Rare Book & Manuscript Library,[39][41] as part of a series of contemporary artworks collected or commissioned by Chase Manhattan. [42] Seven large, dark basalt rocks from Japan were used in the garden, placed atop a surface of 27,000 white granite blocks, each measuring 4 inches (100 mm) square. The upper-floor elevators ran nonstop from the lobby to serve the upper floors, and were arranged in five "banks": one elevator bank served the second through 17th floors; three banks each served ten stories between the 17th through 47th floors; and the fifth bank served the 47th through 60th floors. [39] Originally, the rock garden had a pool with goldfish, but the goldfish were removed in 1964, having died of copper poisoning when people threw pennies into the pool. The building was sold afterwards a few years later for $725 million by Chase to Fosun a Chinese investment firm. [85] At the time, numerous large tenants had moved out or were in the process of doing so: law firm Cravath, Swaine & Moore had relocated elsewhere in 1990, and Davis Polk & Wardwell moved to 450 Lexington Avenue the next year. [75] The structure cost $138 million in total, including the plaza. All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. [5] Chemical Bank, which purchased the adjacent 20 Pine Street, agreed to carve out an arcade on that building along the southern facade of the ground level in order to allow the widening of the Pine Street sidewalk. All of the building's 8,800 panels were reinspected, with similarly weakened panels replaced. [49] Later becoming the city's main Post Office in the mid-19th century, the church building was torn down in 1882. [48] While Chase moved its headquarters to 270 Park Avenue in 1996,[87] it retained 70% of the space at One Chase Manhattan Plaza. Don’t overlook lower Manhattan which still stands as a historic bridge to our shared heritage while serving as a gateway to tomorrow’s future in New York City. [14][15] There are refrigeration units and steam turbine compressors on the 11th and 31st floors; the equipment on the 11th floor serves all stories below the 21st, while the equipment on the 31st floor serves all stories above the 22nd. Location: Financial District / Zip Code 10005-1401 [99][100] The auction reportedly initially attracted about a dozen bidders, including Witkoff, Harry Macklowe, Joseph Chetrit, Tishman Speyer, Boston Properties, Starwood Capital Group, RXR Realty, and at least two wealthy Asian investment funds. [96] The barricades were dismantled in November 2013. [1][51] Chase had been the largest bank in the U.S. until the early 20th century,[1] and the merger made the Chase Manhattan Bank the second-largest bank in the United States. 100 William St. New York, NY 10038 Santander Bank 0.1 mi. [14] The columns are above steel assemblies some 100 feet (30 m) below ground level; these assemblies are 12 feet (3.7 m) square and 7 feet (2.1 m) thick. [72] Chase Manhattan opened a temporary office within the tower while the plaza and basements were under construction. The aluminum panels—chosen for their durability and performance—as well as vertical aluminum mullions. Opened in 1961, it is 813 feet (248 m) tall. [10] The first of the steel assemUp to 1,800 workers were employed at any given time. Original plans in 1956 called for square or rectangular recesses in the plaza, accessed by a spiral staircase, but the final 1957 design called for a circular recess, accessed from the concourse. [5] One Chase Manhattan Plaza is currently occupied by the successor to the "Rockefeller Bank", JPMorgan Chase & Co. Back in 2008 the New York Landmarks Preservation Commission classified One Chase Manhattan Plaza a landmark. The truck was later found abandoned, and the robbers escaped. [44] [15], The building has about 1.8 million square feet (170,000 m2) of above-ground floor area. Find professional One Chase Manhattan Plaza videos and stock footage available for license in film, television, advertising and corporate uses. [10] The first of the steel assemblies, upon which each of the 40 structural-steel columns would be placed, was installed within the foundation in September 1958. [10][72] Furthermore, a crane operator died in a June 1958 construction accident. [123] The next month, Huxtable said that the tower and plaza "carr[y] the double promise of corporate efficiency and a more enduring value: significant civic beauty. [73] The official opening was held on May 28, 1961; the southern block had not been cleared at the time of the tower's opening, and the only progress on that block was a group of nine trees that had been planted on Nassau Street. Broadway Technology (50th Floor; 25,000 SF.) [15] An air-conditioning system is embedded in the ceiling of each story. ONE CHASE MANHATTAN PLAZA (aka 16-48 Liberty Street, 26-40 Nassau Street, 28-44 Pine Street, 55-77 William Street). [79] The building's address caused problems for mail delivery persons and the general public. ), Building Features: [22] Afterward, steel work commenced in December 1958,[10] with the building topping out during September 1959. [5], Construction on the tower began in late 1956. [48] While Chase moved its headquarters to 270 Park Avenue in 1996,[87] it retained 70% of the space at One Chase Manhattan Plaza. [49] Later becoming the city's main Post Office in the mid-19th century, the church building was torn down in 1882. [68] Before starting work on One Chase Manhattan Plaza, SOM built a one-story mockup with aluminum and stainless steel at Roosevelt Field. In 1970, Chase commissioned a monumental sculpture entitled "Group of Four Trees" by French artist Jean Dubuffet,[45] and two years later, it was installed in the building's plaza. 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