One Liberty Plaza
Office skyscraper in Manhattan, New York From Wikipedia, the free encyclopedia
One Liberty Plaza, formerly the U.S. Steel Building, is a skyscraper in the Financial District of Lower Manhattan in New York City. It is situated on a block bounded by Broadway, Liberty Street, Church Street, and Cortlandt Street, on the sites of the former Singer Building and City Investing Building.
| One Liberty Plaza | |
|---|---|
 One Liberty Plaza in 2011, Four World Trade Center can be seen during construction. | |
 | |
| General information | |
| Status | Completed |
| Type | Commercial; office |
| Architectural style | International Style |
| Location | 165 Broadway New York City, New York United States 10006 |
| Coordinates | 40°42′35″N 74°00′39″W |
| Construction started | 1969 |
| Completed | 1972 |
| Opening | 1973 |
| Cost | $120 million |
| Owner | Brookfield Properties (51%) Blackstone (49%) |
| Height | |
| Roof | 743 ft (226 m) |
| Technical details | |
| Floor count | 54 |
| Floor area | 2,346,000 sq ft (218,000 m2)[1] |
| Lifts/elevators | 39 |
| Design and construction | |
| Architect(s) | Skidmore, Owings and Merrill |
| Developer | U.S. Steel Corporation |
| Structural engineer | Paul Weidlinger/Weiskopf & Pickworth LLP |
| Main contractor | Turner Construction Company |
The building was designed in the International Style by Skidmore, Owings & Merrill and completed in 1973. It is 743 ft (226 m) tall and has 54 floors. At 2.3 million sq ft (210,000 m2), each floor offers almost 1 acre (0.40 ha) of office space, making it one of the largest office buildings in New York by usable interior space. Its facade is black, consisting of a structural steel frame. South of the building is Zuccotti Park, formerly called Liberty Plaza Park.
One Liberty Plaza was originally commissioned by U.S. Steel, and also housed the headquarters of Merrill Lynch. A variety of tenants occupy the space, from large law firms to public and not-for-profit agencies like the Lower Manhattan Development Corporation and the World Trade Center Memorial Foundation as well as new businesses. Since 2001 One Liberty Plaza has been owned and operated by Brookfield Properties.
History
Summarize
Perspective
The Singer Building, the tallest in the world from 1908 to 1909, and the City Investing Building adjacent to it were demolished from 1967 to 1968 to clear land for One Liberty Plaza's construction. One Liberty Plaza had more than twice the interior area of the two former buildings combined.[2]
The building had a substantial renovation in 1989, which involved the creation of a new lobby and elevator system. The lobby and elevators have an extensive security system, and the building has a connection to the New York City Subway's Fulton Street/Fulton Center station (2, 3, 4, 5, A, C, E, J, N, R, W, and Z trains) in the basement.
In 2001, Brookfield Properties bought the property for $432 million.[3] Following the September 11 attacks, and the subsequent collapse of the World Trade Center nearby, One Liberty Plaza sustained significant facade damage. At one point there was a rumor going around that the building was in danger of collapse. These claims were quickly refuted by The New York Times:[4]
There are no structural concerns with this building," said Ilyse Fink, the director of communications for the city's Department of Buildings, reinforcing a message she has delivered almost daily since Sept. 12. "It is not and was not in danger of collapse. The building is structurally sound."[4]
The building planned to be reopen to office workers with a ribbon cutting ceremony on October 22, 2001.[4] But the day before it was to happen, it was decided that it was not yet sufficiently safe for employees to return to the office tower. The tower reopened on October 24, two days after originally scheduled.[5]
As of 2016[update], it was the 656th tallest building in the world.[6]
Morgan Stanley placed a $784 million loan on the tower in August 2017[7] and placed a partial ownership stake on sale for $1.6 billion two months later.[8] That December, Brookfield sold a 49% stake in the tower to Blackstone, valuing the tower at $1.55 billion.[9][10] Brookfield and Blackstone considered selling the building in 2020 for up to $1.7 billion.[11][12] The sale ultimately did not occur, and June 2024, Brookfield refinanced the building with $750 million from Morgan Stanley.[13][14]
Tenants
One Liberty Plaza is a hub of Wall Street activity, housing RBC Capital Markets' trading floors.[15] Major tenants are New Avon (2 floors), the Lower Manhattan Development Corporation, and the international law firm Cleary Gottlieb Steen & Hamilton (531 attorneys on 11 floors).[16] It also houses the corporate headquarters of Empire Blue Cross Blue Shield (part of Anthem),[17] Investment Technology Group, and insurance companies Arch Insurance Group, Sirius America, Mutual of America, Swiss Re, Generali, and Allianz and its subsidiaries Fireman's Fund and Interstate/Chicago.[18]
The following is a list of the tenants by floor:[19]
| FL# | Companies |
|---|---|
| 53 | Arch Insurance Group |
| 47 | Mutual of America |
| 34–45 | Cleary Gottlieb Steen & Hamilton |
| 28–33 | Aon[20] |
| 25–26 | New Avon |
| 22–23 | AKF Group, LLC[21] |
| 21 | Friedman LLP[22] |
| 20 | Cambridge University Press[23] |
| 10–14 | New York City Economic Development Corporation[24] |
| 8–9 | Business Insider[25] |
| 4–5 | |
| 2–3 | Convene |
| Basement | Brookfield Financial Properties |
See also
References
External links
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