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Hub AI
161 Maiden Lane AI simulator
(@161 Maiden Lane_simulator)
Hub AI
161 Maiden Lane AI simulator
(@161 Maiden Lane_simulator)
161 Maiden Lane
161 Maiden Lane (also known as One Seaport, 1 Seaport, Seaport Residences, or The Leaning Tower of New York), is an incomplete 670 ft (205 m) tall residential skyscraper on Maiden Lane in the Financial District of Manhattan, New York City, United States. Designed by Hill West Architects, the building overlooks the East River and topped out in September 2018. The building leans 3 inches (76 mm) to the north as a result of the method used to construct its foundation: instead of using deep pilings like other neighboring skyscrapers, soil improvement methods were used. As of 2024[update], only half of the finishes, including windows, have been installed.
The building was designed by Hill West Architects and interior designer Groves & Co. According to The Wall Street Journal, 161 Maiden Lane's design includes a porte-cochère and a glass curtain wall. In addition, the building is planned to have a health club with a spa, fitness center, and infinity pool. The 60-story structure rises 670 ft (205 m). It would have 200,000 ft2 (19,000 m2) of space, including 80 residential condominiums. Plans also call for the building to contain 17 storage units, which would be sold to residents.
The site was created in the 17th century as part of a program of land reclamation in Lower Manhattan. As a result, the underlying site is made of various debris, followed by a layer of marshland, pockets of glacial sand deposits, and decomposed rock. The underlying layer of bedrock is approximately 155 feet (47 m) below ground level. The foundation was constructed using a soil improvement method, where material is added to the soil to strengthen it, rather than the piling method, as used by all neighboring skyscrapers. The soil-improvement method ostensibly was intended to reduce the construction costs by US$6.0 million (equivalent to $7.8 million in 2024), though it also resulted in uneven settlement, which later caused the tower to lean.
As early as 2007, Bluerock Properties had proposed a 52-story building at 161 Maiden Lane, near the shore of the East River, in the Financial District of Lower Manhattan in New York City. Bluerock planned to have the tower designed by Rogers Marvel Architects. New York City's zoning regulations allowed a building of up to 249,242 ft2 (23,155.3 m2) on the site, of which up to 138,468 ft2 (12,864.1 m2) could be used as apartments.
In 2011, Kay Development bought the site for US$41.2 million (equivalent to $56.5 million in 2024). the company had planned to develop a 40-story building, the Seaborne, on the site; the building would have contained 175 apartments. This structure would have been designed by architect John Fotiadis. Kay Development placed the land for sale in May 2013 and Fortis Property Group bought the site at 151–161 Maiden Lane in September 2013, paying $64 million (equivalent to $85 million in 2024) for the 11,539 ft2 (1,072.0 m2) lot.
Construction of the building, then known as One Seaport Residences, began in July 2015. Jack Resnick & Sons, which owned the similarly named One Seaport Plaza at 199 Water Street, sued Fortis for trademark infringement that September. The two firms came to an agreement in December 2015, when Fortis agreed to market the building using the numeral version of the name, 1 Seaport, for a limited period. After that period had ended, Fortis could not market the building as either "One Seaport" or "1 Seaport". Fortis submitted a condominium offering plan for the building to the New York Real Estate Finance Bureau, which approved the plan in late February 2016. Fortis estimated that it would be able to sell 80 condos for a total of $272 million. Fortis hired the Italian firm Pizzarotti as general contractor, likely in part because of Pizzarotti's low rates. SSC High Rise was hired as the concrete subcontractor.
Condo sales launched in April 2016, with the cheapest being offered for $1.2 million. Twenty percent of the units were in contract within one day. At the time, the structure was supposed to open in early 2018. Swedish real estate broker Fredrik Eklund was among the earliest condominium buyers, acquiring a duplex on the 46th and 47th floors. Fortis offered to make Eklund a monopoly on marketing the building's condos, provided that he was able to sell one-quarter of the units in eight weeks. Eklund opened a sales office in London after contemplating opening offices in other cities around the world.
Bank Leumi USA, a subsidiary of Bank Leumi, gave Fortis a $90 million construction loan for the property in June 2016. To attract buyers, Fortis announced a partnership with Hinckley Yachts in late 2016, renting three luxury yachts to condominium owners. Under the terms of its condo offering plan, Fortis was to have finalized the first condo sales in January 2018. If Fortis had failed to finalize any contracts by June 2018, the developer had to provide an updated budget; buyers could renege on their contracts if the project had overrun its $273 million budget by at least 25 percent.
161 Maiden Lane
161 Maiden Lane (also known as One Seaport, 1 Seaport, Seaport Residences, or The Leaning Tower of New York), is an incomplete 670 ft (205 m) tall residential skyscraper on Maiden Lane in the Financial District of Manhattan, New York City, United States. Designed by Hill West Architects, the building overlooks the East River and topped out in September 2018. The building leans 3 inches (76 mm) to the north as a result of the method used to construct its foundation: instead of using deep pilings like other neighboring skyscrapers, soil improvement methods were used. As of 2024[update], only half of the finishes, including windows, have been installed.
The building was designed by Hill West Architects and interior designer Groves & Co. According to The Wall Street Journal, 161 Maiden Lane's design includes a porte-cochère and a glass curtain wall. In addition, the building is planned to have a health club with a spa, fitness center, and infinity pool. The 60-story structure rises 670 ft (205 m). It would have 200,000 ft2 (19,000 m2) of space, including 80 residential condominiums. Plans also call for the building to contain 17 storage units, which would be sold to residents.
The site was created in the 17th century as part of a program of land reclamation in Lower Manhattan. As a result, the underlying site is made of various debris, followed by a layer of marshland, pockets of glacial sand deposits, and decomposed rock. The underlying layer of bedrock is approximately 155 feet (47 m) below ground level. The foundation was constructed using a soil improvement method, where material is added to the soil to strengthen it, rather than the piling method, as used by all neighboring skyscrapers. The soil-improvement method ostensibly was intended to reduce the construction costs by US$6.0 million (equivalent to $7.8 million in 2024), though it also resulted in uneven settlement, which later caused the tower to lean.
As early as 2007, Bluerock Properties had proposed a 52-story building at 161 Maiden Lane, near the shore of the East River, in the Financial District of Lower Manhattan in New York City. Bluerock planned to have the tower designed by Rogers Marvel Architects. New York City's zoning regulations allowed a building of up to 249,242 ft2 (23,155.3 m2) on the site, of which up to 138,468 ft2 (12,864.1 m2) could be used as apartments.
In 2011, Kay Development bought the site for US$41.2 million (equivalent to $56.5 million in 2024). the company had planned to develop a 40-story building, the Seaborne, on the site; the building would have contained 175 apartments. This structure would have been designed by architect John Fotiadis. Kay Development placed the land for sale in May 2013 and Fortis Property Group bought the site at 151–161 Maiden Lane in September 2013, paying $64 million (equivalent to $85 million in 2024) for the 11,539 ft2 (1,072.0 m2) lot.
Construction of the building, then known as One Seaport Residences, began in July 2015. Jack Resnick & Sons, which owned the similarly named One Seaport Plaza at 199 Water Street, sued Fortis for trademark infringement that September. The two firms came to an agreement in December 2015, when Fortis agreed to market the building using the numeral version of the name, 1 Seaport, for a limited period. After that period had ended, Fortis could not market the building as either "One Seaport" or "1 Seaport". Fortis submitted a condominium offering plan for the building to the New York Real Estate Finance Bureau, which approved the plan in late February 2016. Fortis estimated that it would be able to sell 80 condos for a total of $272 million. Fortis hired the Italian firm Pizzarotti as general contractor, likely in part because of Pizzarotti's low rates. SSC High Rise was hired as the concrete subcontractor.
Condo sales launched in April 2016, with the cheapest being offered for $1.2 million. Twenty percent of the units were in contract within one day. At the time, the structure was supposed to open in early 2018. Swedish real estate broker Fredrik Eklund was among the earliest condominium buyers, acquiring a duplex on the 46th and 47th floors. Fortis offered to make Eklund a monopoly on marketing the building's condos, provided that he was able to sell one-quarter of the units in eight weeks. Eklund opened a sales office in London after contemplating opening offices in other cities around the world.
Bank Leumi USA, a subsidiary of Bank Leumi, gave Fortis a $90 million construction loan for the property in June 2016. To attract buyers, Fortis announced a partnership with Hinckley Yachts in late 2016, renting three luxury yachts to condominium owners. Under the terms of its condo offering plan, Fortis was to have finalized the first condo sales in January 2018. If Fortis had failed to finalize any contracts by June 2018, the developer had to provide an updated budget; buyers could renege on their contracts if the project had overrun its $273 million budget by at least 25 percent.