80 South Street: Difference between revisions

80 South Street
80 South Street
General information
Status	Proposed
Type	Residential, office
Location	80 South Street, New York City, New York, United States
Coordinates	40°42′21″N 74°00′16″W / 40.70583°N 74.00444°W
Owner	China Oceanwide Holdings Limited
Height
Roof	1,438 ft (438 m)
Technical details
Floor count	113
Floor area	817,788 sq ft (75,975.0 m2)
Design and construction
Architect(s)	Santiago Calatrava
Developer	China Oceanwide Center NY LLC

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80 South Street was a proposed residential skyscraper in the Financial District of Manhattan, New York City, that had been planned in the early 21st century. The original proposal for the skyscraper, released in 2003, was designed by renowned Spanish architect Santiago Calatrava, and was canceled in 2008 as a result of a declining real-estate market. A new shorter design was planned to be finished in 2016, and China Oceanwide Holdings Limited acquired 80 South Street in March 2016. Following the collapse of Chinese real estate conglomerate Evergrande and the associated Chinese property sector crisis, in October 2021 China Oceanwide began marketing the property at an aggressive discount of more than $190 million below its original acquisition cost to raise funds for its parent entity.

Site

The site on which the building is planned to be constructed is occupied by a six-story red brick building. The existing building, including the side door entrance on Fletcher Street, was used as the set for API headquarters in the short-lived AMC series Rubicon, filmed in 2010.

Architecture

Original design

The design of the building consisted of 12 four-story cubes stacked on top of one another, cantilevered off a central concrete column standing above an 8-story base. The slender concrete core would contain elevators, fire stairs and risers for plumbing and power. The base was intended to hold a cultural space, such as a museum. The lowest two cubes would hold offices, while the upper 10 cubes were planned to serve as individual residences. Each private cube would consist of about 10,336 square feet (960 m²) of area, as well as an outdoor garden. The residences each had a cost starting at US$29 million, with the top cube costing US$59 million, making them some of the most expensive condominiums in New York City. However, in 2014, Calatrava started a new design of 80 south street to propose for construction in New York City.

The building had a planned roof height of 826 feet (252 m), and the central core was planned to extend as a spire to 1,123 feet (342 m). The tower was originally conceived as the 3rd-tallest building in New York City (after the Empire State Building and the Bank of America Tower).

2019 design

Real estate blog New York YIMBY published a tentative design in April 2019. The design was based on plans by China Oceanwide Holdings Limited, which had already disengaged from the project and sold the building site. This plan would have had 1,067,350 square feet (99,160 m²) of space, half residential and half commercial. Uniform Land Use Review Procedure documents showed a possible height of 1,436 feet (438 m) with 113 stories.^[1]^[2]

History

The design for 80 South Street was first released to the public in 2003. Santiago Calatrava has stated that he took the idea for the building from a sculpture he created in 1985.^[3]^[4] 80 South Street received approval for construction from the City of New York in February 2005.^[3] The project was canceled in April 2008; the developer of the project listed the declining U.S. real estate market as a factor in its cancellation.^[5]^[6]

A new design of the building without the spire, decreasing the tower to 826 feet (252 m), was planned to be finished in 2016. China Oceanwide Holdings Limited acquired 80 South Street in March 2016, with plans to create a 113-story tower.^[7] Demolition permits for 80 South Street and 163 Front Street were filed during early 2017.^[8] By 2018, work had stalled due to China Oceanwide's financial difficulties.^[9] The site was then listed for sale in early 2019;^[10] that June, China Oceanwide received a $175 million loan for the site.^[11]

In 2022, China Oceanwide Holdings defaulted on the $175 million loan, and the project has continued to be stalled as well as several other skyscrapers proposed around the country, such as the Oceanwide Plaza in Los Angeles, effectively canceling the project for the foreseeable future.^[12]

References

^ Fedak, Nikolai (2019-04-10). "Exclusive Reveal for Lower Manhattan's Tallest Proposed Supertall, at 80 South Street". New York YIMBY. Retrieved 2020-06-12.
^ "In the News: Giant (I mean giant) tower for South Street?". Tribeca Citizen. 2019-04-19. Retrieved 2020-06-12.
^ ^a ^b Mazzara, Benjamin (2016-09-30). "Inside The Supertalls: 80 South Street". Bisnow. Retrieved 2020-06-12.
^ Lange, Alexandra (October 18, 2016). "The New York That Could Have Been". The New Yorker. Retrieved 2020-06-12.
^ Weiss, Lois (2008-04-16). "'Sky Cubes' Meltdown: Calatrava Downtown Residential Project Dead". New York Post. Retrieved 2008-04-18.
^ Plitt, Amy (2020-03-06). "80 South St". Curbed NY. Retrieved 2020-06-12.
^ Loria, Keith (21 March 2016). "NYC Seaport Redevelopment Commands $390M". www.cpexecutive.com. Retrieved 2020-06-12.
^ Rosenberg, Zoe (2017-05-10). "Long-planned South Street Seaport supertall may be on its way". Curbed NY. Retrieved 2020-06-12.
^ Hill, Frank (2018-11-26). "1,436-Foot Tall 80 South Street Becomes Largest Likely Casualty Of Chinese-Owned Development Bust". New York YIMBY. Retrieved 2020-06-12.
^ Cunningham, Cathy; Elkies Schram, Lauren (February 11, 2019). "China Oceanwide Holdings Quietly Marketing 80 South Street for $300M". Commercial Observer. Retrieved June 23, 2019.
^ Bockmann, Rich (2019-06-07). "China Oceanwide Lands $175M Loan For Seaport Site". The Real Deal New York. Retrieved 2020-06-12.
^ Caillavet, Christopher (2022-01-13). "China Oceanwide Defaults on 80 South Street in New York". Mingtiandi. Retrieved 2024-03-07.

External links

[1] Fedak, Nikolai (2019-04-10). "Exclusive Reveal for Lower Manhattan's Tallest Proposed Supertall, at 80 South Street". New York YIMBY. Retrieved 2020-06-12.

[2] "In the News: Giant (I mean giant) tower for South Street?". Tribeca Citizen. 2019-04-19. Retrieved 2020-06-12.

[Bisnow_2016-3] Mazzara, Benjamin (2016-09-30). "Inside The Supertalls: 80 South Street". Bisnow. Retrieved 2020-06-12.

[4] Lange, Alexandra (October 18, 2016). "The New York That Could Have Been". The New Yorker. Retrieved 2020-06-12.

[Post-5] Weiss, Lois (2008-04-16). "'Sky Cubes' Meltdown: Calatrava Downtown Residential Project Dead". New York Post. Retrieved 2008-04-18.

[6] Plitt, Amy (2020-03-06). "80 South St". Curbed NY. Retrieved 2020-06-12.

[7] Loria, Keith (21 March 2016). "NYC Seaport Redevelopment Commands $390M". www.cpexecutive.com. Retrieved 2020-06-12.

[8] Rosenberg, Zoe (2017-05-10). "Long-planned South Street Seaport supertall may be on its way". Curbed NY. Retrieved 2020-06-12.

[9] Hill, Frank (2018-11-26). "1,436-Foot Tall 80 South Street Becomes Largest Likely Casualty Of Chinese-Owned Development Bust". New York YIMBY. Retrieved 2020-06-12.

[10] Cunningham, Cathy; Elkies Schram, Lauren (February 11, 2019). "China Oceanwide Holdings Quietly Marketing 80 South Street for $300M". Commercial Observer. Retrieved June 23, 2019.

[11] Bockmann, Rich (2019-06-07). "China Oceanwide Lands $175M Loan For Seaport Site". The Real Deal New York. Retrieved 2020-06-12.

[12] Caillavet, Christopher (2022-01-13). "China Oceanwide Defaults on 80 South Street in New York". Mingtiandi. Retrieved 2024-03-07.

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@@ Line 1: / Line 1: @@
+{{short description|Canceled skyscraper in Manhattan, New York}}
-{{Future building|80 South Street}}
-{{Infobox Skyscraper
+{{Infobox building
-|building_name=80 South Street
+|name               = 80 South Street
-[[Image:80 South Street 3.jpg|center|300×400px]]
+|image              = 80 South Street.jpg
-|location=80 [[South Street]], [[New York City]], [[New York]], [[United States]]
+|location           = 80 [[South Street (Manhattan)|South Street]], [[New York City]], [[New York (state)|New York]], [[United States]]
+|roof               = {{convert|1438|ft|m|abbr=on}}
-|antenna_spire=1,123 ft (342.3 m)
+|floor_count        = 113
-|roof=826 ft (251.8 m)
+|floor_area         = {{convert|817,788|ft2|abbr=on}}
-|floor_count=56
+|building_type      = Residential, office
-|est_completion=[[2009]]  (est.)
+|status             = Proposed
-|opening=[[2010]] (est.)
+|start_date         =
-|use=Residential, Office, Museum
+|est_completion     =
-|status=Approved
-|architect=[[Santiago Calatrava]]
+|architect          = [[Santiago Calatrava]]
+| owner = [[China Oceanwide Holdings Limited]]
-|developer=[[Sciame Development]]
+| developer = China Oceanwide Center NY LLC
+|coordinates={{coord|40|42|21|N|74|00|16|W|region:US_type:landmark_source:kolossus-frwiki|display=title,inline}}
 }}
+'''80 South Street''' was a proposed residential [[skyscraper]] in the [[Financial District, Manhattan|Financial District]] of [[Manhattan]], [[New York City]], that had been planned in the early 21st century. The original proposal for the skyscraper, released in 2003, was designed by renowned Spanish architect [[Santiago Calatrava]], and was canceled in 2008 as a result of a declining real-estate market. A new shorter design was planned to be finished in 2016, and [[China Oceanwide Holdings Limited]] acquired 80 South Street in March 2016. Following the collapse of Chinese real estate conglomerate [[Evergrande]] and the associated [[Chinese property sector crisis (2020–present)|Chinese property sector crisis]], in October 2021 China Oceanwide began marketing the property at an aggressive discount of more than $190 million below its original acquisition cost to raise funds for its parent entity.
-'''80 South Street''', also known as '''Eighty South Street''', is a [[supertall]] [[skyscraper]] approved for construction in [[New York City]]. The building is scheduled to be constructed in the [[Lower Manhattan]] district of the city. The skyscraper was designed by renowned Spanish architect [[Santiago Calatrava]] and is being developed by [[Sciame Development]]. 80 South Street is scheduled to be completed in [[2009]], and will consist of 56 floors.
-== Design ==
+== Site ==
+The site on which the building is planned to be constructed is occupied by a six-story red brick building. The existing building, including the side door entrance on Fletcher Street, was used as the set for API headquarters in the short-lived AMC series ''[[Rubicon (TV series)|Rubicon]]'', filmed in 2010.
-The design consists of 12 four-story cubes stacked on top of one another cantilevered off a central concrete column standing above an 8-story base. The lowest two cubes, as well as the entire base, would hold offices. The upper 10 cubes would each serve as individual resdiences. Each private cube would consist of about 10,336 square feet of area, as well as an outdoor garden. The residences would each cost up to $30 million [[USD]], making them some of the most expensive resdeinces in New York City.
-== Height ==
+== Architecture ==
+=== Original design ===
-The building has a roof height of 826 feet (251.8 m), and the central core extends to become a spire that makes the building's official height rise to 1,123 feet (342.3 m). If completed on schedule, 80 South Street would become the [[List of tallest buildings in New York City|third tallest building in New York City]] (after the [[Empire State Building]] and the [[Bank of America Tower (New York City)|Bank of America Tower]]) and the [[List of tallest buildings in the United States|eight tallest in the United States]].
+The design of the building consisted of 12 four-story cubes stacked on top of one another, cantilevered off a central concrete column standing above an 8-story base.  The slender concrete core would contain elevators, fire stairs and risers for plumbing and power. The base was intended to hold a cultural space, such as a museum. The lowest two cubes would hold offices, while the upper 10 cubes were planned to serve as individual residences. Each private cube would consist of about {{convert|10336|sqft|m2|0}} of area, as well as an outdoor garden. The residences each had a cost starting at {{US$|29 million|link=yes}}, with the top cube costing {{US$|59 million}}, making them some of the most expensive condominiums in New York City. However, in 2014, Calatrava started a new design of 80 south street to propose for construction in New York City.
+The building had a planned roof height of {{Convert|826|ft|m}}, and the central core was planned to extend as a spire to {{Convert|1123|ft|m}}. The tower was originally conceived as the [[List of tallest buildings in New York City|3rd-tallest building]] in New York City (after the [[Empire State Building]] and the [[Bank of America Tower (New York City)|Bank of America Tower]]).
+=== 2019 design ===
+Real estate blog New York YIMBY published a tentative design in April 2019. The design was based on plans by [[China Oceanwide Holdings Limited]], which had already disengaged from the project and sold the building site. This plan would have had {{Convert|1,067,350|sqft||abbr=}} of space, half residential and half commercial. [[Uniform Land Use Review Procedure]] documents showed a possible height of {{Convert|1436|ft||abbr=}} with 113 stories.<ref>{{Cite web|last=Fedak|first=Nikolai|date=2019-04-10|title=Exclusive Reveal for Lower Manhattan's Tallest Proposed Supertall, at 80 South Street|url=https://newyorkyimby.com/2019/04/exclusive-reveal-for-lower-manhattans-tallest-proposed-supertall-at-80-south-street.html|access-date=2020-06-12|website=New York YIMBY|language=en-US}}</ref><ref>{{cite web|date=2019-04-19|title=In the News: Giant (I mean giant) tower for South Street?|url=https://tribecacitizen.com/2019/04/19/in-the-news-giant-i-mean-giant-tower-for-south-street/|access-date=2020-06-12|website=Tribeca Citizen}}</ref>
 == History ==
+The design for 80 South Street was first released to the public in 2003. Santiago Calatrava has stated that he took the idea for the building from a sculpture he created in 1985.<ref name="Bisnow 2016">{{cite web|last=Mazzara|first=Benjamin|date=2016-09-30|title=Inside The Supertalls: 80 South Street|url=https://www.bisnow.com/new-york/news/construction-development/inside-the-supertalls-80-south-street-65882|access-date=2020-06-12|website=Bisnow}}</ref><ref>{{Cite magazine|last=Lange|first=Alexandra|date=October 18, 2016|title=The New York That Could Have Been|url=https://www.newyorker.com/culture/culture-desk/the-new-york-that-could-have-been|access-date=2020-06-12|magazine=The New Yorker|language=en-us}}</ref> 80 South Street received approval for construction from the City of New York in February 2005.<ref name="Bisnow 2016" /> The project was canceled in April 2008; the developer of the project listed the declining U.S. real estate market as a factor in its cancellation.<ref name="Post">{{cite web|last=Weiss|first=Lois|date=2008-04-16|title='Sky Cubes' Meltdown: Calatrava Downtown Residential Project Dead|url=http://www.nypost.com/seven/04162008/business/sky_cubes_meltdown_106788.htm|access-date=2008-04-18|publisher=[[New York Post]]}}</ref><ref>{{cite web|last=Plitt|first=Amy|date=2020-03-06|title=80 South St|url=https://ny.curbed.com/building/610/80-south-street|access-date=2020-06-12|website=Curbed NY}}</ref>
-The design for 80 South Street was first released to the public in 2003. Santiago Calatrava has stated that he took the idea for the building from a sculpture he created in 1985. The skyscraper received approval by the city in February 2005. The skyscraper will be built in Lower Manhattan on South Street. The site is currently occupied by an six-story red brick building.
+A new design of the building without the spire, decreasing the tower to {{convert|826|ft}}, was planned to be finished in 2016. China Oceanwide Holdings Limited acquired 80 South Street in March 2016, with plans to create a 113-story tower.<ref>{{Cite web|last=Loria|first=Keith|title=NYC Seaport Redevelopment Commands $390M|url=https://www.cpexecutive.com/post/nyc-seaport-redevelopment-commands-390m/|access-date=2020-06-12|website=www.cpexecutive.com|date=21 March 2016 }}</ref> Demolition permits for 80 South Street and 163 Front Street were filed during early 2017.<ref>{{cite web|last=Rosenberg|first=Zoe|date=2017-05-10|title=Long-planned South Street Seaport supertall may be on its way|url=https://ny.curbed.com/2017/5/10/15599916/south-street-seaport-supertall-tower-nyc-demolition-permits|access-date=2020-06-12|website=Curbed NY}}</ref> By 2018, work had stalled due to China Oceanwide's financial difficulties.<ref>{{Cite web|last=Hill|first=Frank|date=2018-11-26|title=1,436-Foot Tall 80 South Street Becomes Largest Likely Casualty Of Chinese-Owned Development Bust|url=https://newyorkyimby.com/2018/11/1436-foot-tall-80-south-street-becomes-largest-likely-casualty-of-chinese-owned-development-bust.html|access-date=2020-06-12|website=New York YIMBY|language=en-US}}</ref> The site was then listed for sale in early 2019;<ref>{{cite news|last1=Cunningham|first1=Cathy|last2=Elkies Schram|first2=Lauren|date=February 11, 2019|title=China Oceanwide Holdings Quietly Marketing 80 South Street for $300M|work=Commercial Observer|url=https://commercialobserver.com/2019/02/china-oceanwide-holdings-for-sale-80-south-street/|access-date=June 23, 2019}}</ref> that June, China Oceanwide received a $175 million loan for the site.<ref>{{Cite web|last=Bockmann|first=Rich|date=2019-06-07|title=China Oceanwide Lands $175M Loan For Seaport Site|url=https://therealdeal.com/2019/06/07/china-oceanwide-takes-out-175m-loan-against-supertall-seaport-site/|access-date=2020-06-12|website=The Real Deal New York|language=en-US}}</ref>
-== Future ==
-Although 80 South Street has been approved by the city, its future is still very uncertain. The building has not sold any one of its 10 multi-million dollar residential cubes, and it is unlikely that construction will commence until more units are sold.
+In 2022, China Oceanwide Holdings defaulted on the $175 million loan, and the project has continued to be stalled as well as several other skyscrapers proposed around the country, such as the [[Oceanwide Plaza]] in [[Los Angeles]], effectively canceling the project for the foreseeable future.<ref>{{Cite web |last=Caillavet |first=Christopher |date=2022-01-13 |title=China Oceanwide Defaults on 80 South Street in New York |url=https://www.mingtiandi.com/real-estate/outbound-investment/oceanwide-defaults-on-80-south-street-in-new-york/ |access-date=2024-03-07 |website=Mingtiandi |language=en-US}}</ref>
 == See also ==
+*[[City Tech Tower]]
-*[[List of tallest buildings in New York City]]
-*[[List of tallest buildings in the United States]]
+== References ==
+{{Reflist}}
 == External links ==
-*[http://www.80southstreet.net/index.htm 80 South Street Project Website]
+*[https://web.archive.org/web/20070629103409/http://www.80southstreet.net/index.htm 80 South Street Project Website]
 *[http://skyscraperpage.com/cities/?buildingID=28491 Entry on Skyscraperpage.com]
-*[http://www.emporis.com/en/wm/bu/?id=205013 Entry on Emporis]
+*{{usurped|1=[https://web.archive.org/web/20040627200656/http://www.emporis.com/en/wm/bu/?id=205013 Entry on Emporis]}}
-{{supertall proposed skyscrapers}}
+{{Future New York City skyscrapers}}
+{{Supertall proposed skyscrapers}}
-[[Category:Skyscrapers in New York City]]
+[[Category:Unbuilt buildings and structures in New York City]]
-[[Category:Skyscrapers between 300 and 349 meters]]
+[[Category:Financial District, Manhattan]]
+[[Category:Residential skyscrapers in Manhattan]]
+[[Category:Proposed buildings and structures in New York City]]
+[[Category:Proposed skyscrapers in the United States]]

v t e Proposed supertall and megatall skyscrapers
Proposed	247 Cherry 4/C 80 South Street Affirmation Tower Hyundai Global Business Center Legacy Tower Legends Tower One Bayfront Plaza PVN Tower Senna Tower Signature Tower Jakarta STH BNK by Beulah The One (Colombo) Taipei Twin Towers Tower Fifth Tower M Tribune East Tower Uptown Dubai Tower 1 350 Park Avenue
Cancelled/Stale proposal	1 Dubai 1 New York Place 6 & 8 Parramatta Square 7 South Dearborn 15 Penn Plaza 102 Incheon Tower American Commerce Center Ameritrust Tower Anara Tower Asia Plaza Azerbaijan Tower Bank of the Southwest Tower BDNI Center 1 Burj Al Alam Center City Tower City Hall and City Duma Crown Las Vegas Dubai One Tower Dubai Towers Dubai Dubai Towers Istanbul Dynamic Tower East Office Tower Eaton's / John Maryon Tower Eighth Sister Fairmont Kuala Lumpur Towers Faros del Panamá Grant USA Tower Grollo Tower Hermitage Plaza Hotel Attraction Houston Tower Ice Tower India Tower International Business Center London Millennium Tower Lopez Center Lotte World II Hotel Madison Square Garden Towers I & II Meraas Tower Metropolitan Life North Building (original design) Miglin-Beitler Skyneedle Nakheel Tower Oblisco Capitale Ocean 1 Tower Old Chicago Main Post Office Twin Towers One Galleon Place One Queensbridge Otterspool Tower Karachi Port Tower Palacio de la Bahia Phoenix Towers Rama IX Super Tower Signature Towers Sapphire Tower Seoul Lite Shenyang International Finance Center Signature Tower Sky City South Ferry Plaza Suyong Bay Tower Tianlong Hotel Torre Bicentenario Torre Bicentenario II Torre Generali Torre Planetarium Tour Generali Tour Sans Fins Tour Signal Tower Infinity Tradewinds Square Tower Trans National Place Waldorf-Astoria Hotel and Residence Tower Xujiahui Tower
Never realized	Aeropolis 2001 Al Noor Tower Al Rajhi Tower Bionic Tower Chicago Spire Crystal Island DIB-200 Doha Tower and Convention Center Dream Tower Empire World Towers Gateway Tower Frankfurt Millennium Tower The Illinois Kostabi World Trade Center Millennium Tower, Tokyo Murjan Tower PAGCOR Tower Palace of the Soviets Russia Tower Shimizu Mega-City Pyramid Sky City 1000 Sky Mile Tower Tatlin's Tower Taiwan Tower Twin Towers 2 Ultima Tower Vortex Tower X-Seed 4000 Xtopia
Arcology List of tallest buildings Supertall skyscrapers Megatall skyscrapers