Greenwich Club Residences

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88 Greenwich Street, New York City

Greenwich Club Residences
GreenwichClubResidencesNYC.jpg

Greenwich Club Residences in Lower Manhattan
Building Information
Developer Buttonwood Real Estate and Thor Equities
Architect Lafayette A. Goldstone
Management Company Cooper Square Realty
Number of Units 458
Number of Floors 37
Year Built 1930
Construction Method Concrete
Type of Roof IRMA
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88 Greenwich Street, New York City
Distance to Public Transit 41 nearby routes
Region New York City
Municipality New York City
Zoning C6 - 9
Title of Land Condominium


Contents

Background

The Financial District was once merely a commuter’s destination, with hundreds of thousands of Wall Street employees pouring into the area during the day, but leaving it nearly abandoned at night. In recent years this trend has changed, as the neighborhood has seen an influx of luxury residences, and with them permanent residents. Originally an office building at 88 Greenwich Street, this building has followed this trend, converting from an office building into luxury condominiums in 2006 and coming to be known as the Greenwich Club Residences.

While retaining its classic prewar detailing and Art Deco elegance, the Greenwich Club Residences offer ultra modern interiors, appliances, and amenities, giving residents the chance to live in a piece of Wall Street history, while enjoying all the conveniences of modern construction.

Location

Located at the intersection of Greenwich Street and Rector Street, the Greenwich Club Residences find themselves in the heart of the Financial District, providing residents with a walkable commute to the heart of Wall Street and the hub of America’s financial industry. Originally, this neighborhood was merely a business district, but in the past decade the area’s residential population has nearly tripled, and several high profile buildings have been converted into luxury residences. Today the neighborhood’s population stands at about 56,000, however, during a business day, commuters bring the population up to 300,000.

In reaction to this growing residential population, the Financial District has seen growth in the number of high end restaurants and retail stores opening in the area. The neighborhood has also seen growth in the area of tourism, and therefore several high end hotels have opened for business as well. Tourism destinations such as the New York City Police Museum, the Museum of American Finance, and the National September 11 Memorial & Museum are located within the Financial District, as well as the New York Stock Exchange, the Federal Reserve Bank of New York, and the Federal Hall National Memorial, which was the site of George Washington’s inauguration as the first President of the United States.[1]

With a walk score of 98 out of 100 and a transit score of 100 out of 100, residents of the Greenwich Club Residences do not require a car to complete their daily errands, as they are within walking distance of an abundance of food, shopping, transit, and home services options. With a bike score of 79 out of 100, cyclists will enjoy the excellent bike lanes and the flat grades.[2]

Construction

The Greenwich Club Residences were originally constructed as an office building and therefore, it was not until recently that the building adopted its current moniker. Designed by architect Lafayette A. Goldstone, 88 Greenwich Street began construction in 1929 and was completed in 1930, adding a classic Art Deco touch to the skyline of Lower Manhattan. The building operated as an office building for several decades before being converted into a rental apartment building in 2000 by Worldwide Holdings Corporation.[3]

This was not the end of 88 Greenwich Street’s path towards becoming the Greenwich Club Residences, as in 2005, the building was sold to Joseph Sitt and Andrew Heilberger for $195 million, and placed in the care of developers Buttonwood Real Estate and Thor Equities. From here, the building underwent extensive renovations in 2006 in order to convert it into a luxury condominium residence, with Ismael Leyva as the head architect of the conversion, and McCartan serving as the design architect. With the renovations complete, the building opened in 2007 under its current name of the Greenwich Street Residences.[4]

Layout and Features

Clad in a beige brick facade of applied masonry, the Greenwich Club Residences stand 37 stories high and have over 450 apartment units. Designed in a classic Art Deco style, the building stands on a two story base of black travertine, and then rises up in a series of setbacks. The facade features yellow, brown, and green Terra-cotta accents, interspersed with bands of red brick, all of which combine to make this prewar high rise very aesthetically pleasing. The entrance to the building is highlighted by flanking wall flagpoles, and opens up into an expansive lobby that recalls the building’s history as an office building. Finished with walnut and rosewood paneled walls and marble flooring, the lobby features a grotto water fountain and is attended by a full service staff.[5]

There are over 225 different floor plans available for the Greenwich Club Residences, offering residences a wide variety of apartment designs from which to choose, but there are some features that remain constant throughout the buildings. Apartments have over-sized ceilings and windows, Sub-Zero refrigerators, individual heating controls, iPod docking stations built into the walls of the kitchens and bathrooms, in unit speaker systems, walk in closets, Kohler soaking tubs, and overhead rain showers. Select units have their own terraces. Particularly special are the entrances to each unit, as they are framed with East Indian Rosewood accents, and feature a hanging wall sconce and doorplates that can be custom designed by the owner.[6]

Apartments within this building come in three different unit designs. They are as follows:

The Hudson

  • Teak kitchen cabinetry
  • Siberian marble kitchen counter tops
  • Italian Vanilla marble bathroom counter tops
  • Mayorca limestone bathroom flooring

The Greenwich

  • White oak kitchen cabinetry
  • Pietra Carnico lava stone kitchen counter tops
  • Mont Blanc glass bathroom counter tops
  • Sierra Negra lava stone bathroom flooring

The Exchange

  • American walnut kitchen cabinetry
  • Mont Blanc glass kitchen counter tops
  • Himalayan Silk marble bathroom counter tops
  • Basalto di Pompei lava stone bathroom flooring[7]

Floor Plans

With over 280 floor plans available, a selection is presented.

Amenities

The Greenwich Club Residences offers residents a long list of luxury amenities. These include:

  • Concierge
  • Doorman
  • Valet parking
  • Maid service
  • Laundry service
  • International Newspaper Service
  • Live in superintendent
  • Complimentary breakfast
  • Library with an extensive book collection, wood burning fireplace, and grand piano
  • Billiards lounge
  • Resident dining room
  • Fitness center
  • Pool
  • Pilates studio
  • Yoga studio
  • Screening room
  • Business Center
  • Roof deck
  • Landscaped courtyard
  • Laundry rooms
  • Cold storage
  • Package room
  • Bicycle Room
  • Storage facilities[8]

Bylaws

Greenwich Club Residences Bylaws
Rentals Yes
Pets Yes
Age No


  • This building allows rentals, sublets, and pied-a-terre.
  • This building is pet friendly.
  • There are no age restrictions for this building.[9]


Sustainability

Built in 1930, the Greenwich Club Residences was built long before the modern awareness of sustainable and green living, and therefore the building is not designated as a green building. Residents wishing to help improve the building’s overall sustainability can do so by installing more energy efficient materials and appliances when updating and/or renovating their apartments.[10]

Trivia

  • Spanning a full apartment block, this building also has the address of 19 Rector Street.
  • In 2002, this building, then known as 19 Rector Street, was added to the National Register of Historic Places.[11]
  • The Greenwich Club Residences were particularly hard hit by Hurricane Sandy in 2012, as after the storm hit the building was deemed unsafe and uninhabitable, forcing residents out of the building for over four months. Damages included a full failing of the mechanical systems and the flooding of the basement and storage facilities.[12]
  • In the wake of Hurricane Sandy in 2012, a resident of the Greenwich Club Residences was the first in New York City to file a tenant lawsuit against their building. [13]
  • This building was featured in a 2012 episode of the television series Selling New York. ref>Curbed NY</ref>
  • A former owner in this building is Law and Order: SVU actor Christopher Meloni.[14]


References

  1. Wikipedia - Financial District
  2. Walk Score
  3. Emporis
  4. City Realty
  5. City Realty - Review
  6. Street Easy
  7. The Greenwich Club Residences Official Site
  8. New Construction Manhattan
  9. Manhattan Scout
  10. Manhattan Scout
  11. Wikipedia - 19 Rector Street
  12. Curbed NY
  13. NY Post
  14. Curbed NY

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