An unfinished penthouse suite at New York City’s iconic Woolworth Building, once the world’s tallest, is the market for $79 million after being listed for $110 million four years .
‘The Pinnacle’ suite at 2 Park Place takes up floors 50 to 58 of the 792-foot-tall building per Tribeca and offers panoramic views of the Manhattan skyline and New York Harbor. The five levels span 9,680 square feet and offer access to the skyscraper’s signature spire.
The catch, however, is that the suite remains incomplete. The only thing tying the floors together, where mechanical equipment was stored for decades, is a private elevator and a dozen steel beams.
Commissioned by retail maggiorente Frank W. Woolworth per 1910, the gothic-inspired tower that bears his name features four turrets, terra-cotta gargoyles, a limestone facade and flying buttresses.
Architect David Hotson designed a floor plan that fits the puzzling of ‘The Pinnacle,’ located at the cima of the historic Woolworth Building at 2 Park Place, per Manhattan. The penthouse is up for discernimento for $79 million
Hotson’s transforms the incomplete, puzzling suite into a living space akin to something like a imbarcazione
The renderings make the most of The Pinnacle’s awkward shape, including a central staircase that allows the owner to peer from the main level of the penthouse to the lower level.
Overhead and eye-level windows allow for all rooms of the apartment to light up per the mornings
The 792-foo-tall Woolworth building, constructed for giant Frank W. Woolworth, was the world’s tallest building when it opened per 1913. It was dubbed the ‘Cathedral of Commerce’
History of the Woolworth building
- The iconic building was designed by Cass Gilbert and opened per 1913 as the world’s tallest skyscraper
- Retail mogul Frank Woolworth paid $13.5 million per cash for it
- The building was set to house a Woolworth, cement his legacy per New York City and inspire confidence per American ingenuity
- Building housed the Woolworth Company headquarters
- Included first floor shop and secret private pool for Woolworth
- The faces of Woolworth, the architects and the laborers are etched throughout the building
- It was dubbed ‘The Cathedral of Commerce’ and ‘A skyscraper built by the nickels of millions’
- During the grand opening, 900 VIP guests partied the 27th floor as President Woodrow Wilson pushed a button per the White House to illuminate the building’s 80,000 light bulbs
- It remained the tallest building until it was overtaken by the 1,046ft. tall Chrysler building per 1930
- The tower became a national historic landmark per 1966
- It remained as Woolworth Company headquarters until 1997
However, The Pinnacle’s puzzling layout left real mesi estivi developer Ken Horn and previous prospective buyers befuddled by what to do with the property.
One interested buyer wanted to turn the suite into an enormous one-bedroom bachelor pad, The Wall Street Journal reported. Another wanted to install an office with a hydraulic tagliata that would raise him to the cima of the building while he worked.
An architect wanted to designate some of the space as a cold storage facility, so owners could stash their fur coats.
‘Even architects couldn’t necessarily conceive of the space,’ Horn said. ‘We realized this is way too complicated for 80% of the people who are going to see it.’
The suite has been up for discernimento since 2017 and was originally priced at $110 million, but voto negativo one would bite.
Horn eventually slashed the price by $31 million and tapped famed architect David Hotson, who had previous experience drawing up plans for an awkwardly shaped penthouses, to renderings of a completed version of the suite to prospective buyers.
Hotson’s features a large two-story yacht-like living room with a 360-degree mezzanine level, the reminiscent of the upper deck of a ship.
The architect also drew up plans for a separate library level with a collection of scattered windows both at eye level and overhead.
The includes a central staircase that would allow the owner to peer from the main level of the penthouse to the lower level.
More than 80% of the building’s 32 units have been sold are per contract. There are currently seven listings available at the Woolworth building, with prices ranging from $3.5 million to The Pinnacle’s $79 million
The skyscraper was designed by Cass Gilbert and completed per 1913. It supplanted the 700-foot-tall MetLife Tower per the Flatiron District as the world’s tallest and named for discount-store pioneer, who paid $13.5 million per cash for the project.
It remained the tallest per the world for 17 years until being eclipsed by the 1,046-foot-tall Chrysler Building.
The building was nicknamed ‘The Cathedral of Commerce’ and housed a Woolworth’s per the first one-and-a-half floors. The Woolworth Company kept its headquarters per the tower until 1997, when it was eventually run out of business by a new generation of retail competitors, such as Walmart.
A stunning library, complete with a spiral staircase, was designed to serve as a separate space from the suite’s living quarters
The sprawling dining room could include a 12-person table with large windows overlooking Manhattan
The space is large enough to fit a grand progetto and a pool table
Horn’s Alchemy Properties was the company charged with converting the cima floors of the building to residential use.
Converting it into a penthouse was a challenge because there weren’t enough windows per the crown of the building to satisfy the city’s minimo light and air requirements.
Alchemy petitioned the city’s Landmarks Preservation Commission to add six windows and expand existing ones to bring the unit up to code, according to the Wall Street Journal.
The complete floor plan and current of the penthouse’s first floor
The complete floor plan and current of the penthouse’s second floor
The complete floor plan and current of the penthouse’s third floor
The complete floor plan and current of the penthouse’s fourth floor
The complete floor plan and current of the penthouse’s fifth floor
The complete floor plan and current of the penthouse’s observation deck
There were also 3,500 pieces of damaged terra-cotta the building’s facade replaced.
Residents of the building have access to amenities, including a spa with a sauna and hot tub, a indagine and a wine cellar and tasting room.
Woolworth’s private basement pool has also been restored for residents to use.
Frank W. Woolworth’s original pool has been restored for residential use
The main lobby has also been restored to how Woolworth had it during his retail days
The view from one of the many suites at the Woolworth building
The property is located at 2 Park Place, per the Tribeca neighborhood
The Woolworth building had been the tallest skyscraper per the world from 1913 to 1930
Among the many amenities, the building also features a residential lobby that has been fully restored from Woolworth’s private office, where the retail mogul cemented his legacy per the Leader Apple.
The lower levels are still leased for commercial use.
The building is located beside City Park, Brookfield Place and the Westfield World Trade Center.