Alchemy Properties, developer of the residences within the Woolworth Building, has received approval for the development of two additional pavilions to be located atop the 29th floor “wings” of the historic building along with other approvals for exterior work to allow the building to be converted for residential use.
These approvals were granted by The New York City Landmarks Preservation Commission (LPC) on October 22, 2013.
One of New York City’s oldest skyscrapers located at 233 Broadway, Alchemy is converting the upper tower portion of the building into ultra-luxury residential condominiums.
Residences will start at 350 ft. above the ground level and will culminate with a five-story penthouse residence in the building’s pinnacle. Sales are expected to commence in the second quarter of 2014.
“We have proposed subtle changes for the Woolworth Building, which will help to preserve and restore it to its true New York City landmark form,” said Kenneth Horn, president of Alchemy Properties, which is known for developing architecturally significant buildings throughout Manhattan.
The newly named, The Woolworth Tower Residences, received unanimous approval from LPC for the proposal for the construction of rooftop additions, replacement of windows and the creation of window openings, as well as the installation of a canopy fit to the scale of the building at a separate residential entrance on Park Place.
“I am very impressed with the developed plans. They have striven to keep the work on the façade and roofline as inconspicuous as possible, respecting the original windows and doing thorough research into the available documentation,” said Carol Willis, founder, director, and curator of The Skyscraper Museum.
“Overall, their love and respect for the Woolworth Building is evident throughout the plans.”
Horn added, “Inside the top 30 floors will be an addition of luxury residential units that will continue to maintain the integrity and history of the 100-year old iconic building.
“We are creating one of New York’s most sought-after addresses and adding another chapter to the history of this Cass Gilbert–designed skyscraper.”