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Neurs Kurs: Die Wall Street gibt nach

Der Tagesspiegel // Mar 02, 2019

Wall Street is one of the most famous streets in the world, primarily known as the financial district of New York. However, after the terrorist attacks on the World Trade Center on 9 November 2001 and the Lehman bankruptcy in 2008, many financial institutions and their associated industries left the office buildings of Lower Manhattan. Today, Wall Street is one of the cheaper locations in Manhattan. The US investor and developer Harry Macklowe has rebuilt a skyscraper built between 1929 and 1931, most recently used as the administrative stronghold of the Bank of New York Mellon Corporation (BNY Mellon). One Wall Street is not being transformed from an office to a condominium building and is the largest conversion project in the history of Manhattan. Slightly more than 9000 square meters are provided in One Wall Street alone for the community zones, lounge and bar.

Macklowe marketing chief Richard Dubrow emphasizes that today the financial district remains open when the offices close. Wall Street exudes peace and tranquility despite all the turbulence on the parquet floor. One Wall Street is to set the tone in the new quarter. It’s about the quality of life in the building. Three floors will be created for the retail trade from street level upwards. One of the retail tenants will be Whole Foods, a big organic supermarket chain. The building will also contain a fitness studio and above it, studios, apartments and flats. A total of 566 units are going to be built. The projections, which the old building already has in its façade today, are to be converted into private terraces and extended.

Original Article: Der Tagesspiegel