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Development Du Jour: The Cocoa Exchange

Ever craved living in a place that looked like the Flatiron Building up on Fifth and 23rd, but just can't bear to live above 14th Street? Perhaps the Financial District's 102-year-old Cocoa Exchange (right) at 1 Wall Street Court (wedged between Pearl and Beaver streets; aka the Beaver Building), currently being converted into condos, will sate that craving. First, a chocolate-y morsel of history from the landmarks commission report: "From 1931 to 1972, one of the building’s primary tenants was the ... world’s first and foremest cocoa futures market." Next, the hard crunchy center from a reader's e-mail:

Went to the Cocoa Exchange Building this weekend. Units are pricey for the area at $1,000/sqft and up. Unit 801: 986 sq ft, a 1 bd/office/2 ba is $1,007,500. Unit 805: 1,374 sq ft is a 2 bd/office/2 ba for $1,615,000. The maintanence is also high at $1.23/sqft ... but the good news is that Haru, the sushi restaurant, just signed a lease in the building.CityRealty also claims there will be, among the 126 units, some bite-size studios "as small as 340 square feet." And for your mint on the pillow, hit the jump to see a brown-tinted rendering of the "landscaped sky terrace." Sweet dreams!

· Cocoa Exchange Condos [CocoaNY.com]
· Cocoa Exchange Condominium [Citi-Habitats]
· Downtown "flatiron" building being converted to condos [CityRealty]