Hubbry Logo
search
logo
1472017

55 Wall Street

logo
Community Hub0 Subscribers
Write something...
Be the first to start a discussion here.
Be the first to start a discussion here.
See all
55 Wall Street

55 Wall Street, formerly the National City Bank Building, is an eight-story building on Wall Street between William and Hanover streets in the Financial District of Lower Manhattan in New York City, New York, United States. The lowest three stories were completed in either 1841 or 1842 as the four-story Merchants' Exchange and designed by Isaiah Rogers in the Greek Revival style. Between 1907 and 1910, McKim, Mead & White removed the original fourth story and added five floors to create the present building. Since 2006, the banking room has functioned as an event venue called the Cipriani Wall Street, while the upper stories have been a condominium development known as the Cipriani Club Residences.

55 Wall Street's granite facade includes two stacked colonnades facing Wall Street, each with twelve columns. Inside is a cruciform banking hall with a 60-foot (18 m) vaulted ceiling, Corinthian columns, marble floors and walls, and an entablature around the interior. The banking hall was among the largest in the United States when it was completed. The offices of Citibank's predecessor National City Bank were in the corners of the banking hall, while the fourth through eighth floors were used as office space. The facade and part of the interior are New York City designated landmarks, and the building is listed on both the New York State Register of Historic Places and the National Register of Historic Places (NRHP) as a National Historic Landmark. It is also a contributing property to the Wall Street Historic District, listed on the NRHP.

The Merchants' Exchange building replaced a structure that had burned down in the Great New York City Fire of 1835. 55 Wall Street subsequently hosted the New York Stock Exchange, then the United States Custom House until a new Custom House building was developed on Bowling Green in the 1900s. After 55 Wall Street was expanded, it served as the headquarters of National City Bank from 1908 to 1961; Citibank continued to own the building until 1992. The upper stories operated as a hotel from 2000 to 2003. Cipriani S.A. and Steve Witkoff began converting the upper stories to condominiums in 2004, while Cipriani operated the banking room as an event venue.

55 Wall Street occupies a full block bounded by Wall Street to the north, Hanover Street to the east, Exchange Place to the south, and William Street to the west. Though the building occupies an entire city block, each side is a different length due to the irregular street grid in the area. The dimensions of the building are 191 feet (58 m) on Wall Street, 141 feet (43 m) on Hanover Street, 197 feet (60 m) on Exchange Place, and 177 feet (54 m) on William Street.

The building is near 48 Wall Street and 60 Wall Street to the north, the Wall and Hanover Building to the east, 20 Exchange Place to the south, and 15 Broad Street to the west. Immediately outside the building's northwestern corner is an entrance to the Wall Street station on the New York City Subway's Broadway–Seventh Avenue Line (served by the 2 and ​3 trains).

55 Wall Street is eight stories tall and has a basement; it is composed of the original three-story building and a five-story addition. The original building was designed by Boston architect Isaiah Rogers in the Greek Revival style and built between 1836 and either 1841 or 1842. As constructed, the building was topped by a brick dome rising 124 feet (38 m) above ground level. The dome was 80 feet (24 m) wide and rose 90 feet (27 m) above the main exchange floor. It was supported by "eight pilasters of fine variegated Italian marble". The original domed structure was the most prominent part of the Lower Manhattan skyline in the early 19th century.

Charles Follen McKim of McKim, Mead & White, along with William S. Richardson, was hired to enlarge the building between 1907 and 1910. The firm had previously designed commercial buildings, including numerous banks. Their work included removing the dome and top story; adding five floors and a second colonnade; and redesigning the exchange floor into a main banking floor. A net total of four stories were added. The first floor was also lowered slightly to resemble a basement and the actual basement was relabeled as a sub-basement.

The facade is composed of ashlar granite masonry. The northern and eastern facades are composed of thirteen vertical architectural bays, while the William Street side has ten bays and the Exchange Place side has eight bays. Most of the bays contain one window on each floor. There is an entrance for office tenants at 53 Wall Street, in the western portion of the building. The central entrance at 55 Wall Street connects with the former banking room.

See all
User Avatar
No comments yet.